HERCULES REAL ESTATE LIMITED
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Next accounts due
2026-06-29 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-10-31 (in 5mo)
Last made up 2025-10-17
Watchouts
Cash
£7M
+215.4% highest in 4 filed years
Net assets
£15M
+32.6% highest in 4 filed years
Employees
—
Average over period
Profit before tax
£3M
+1,987.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
5-year trend · vs Real Estate median
Accounts
5-year trend · latest reflected 2024-09-30
| Metric | Trend | 2018-10-01 | 2019-09-30 | 2020-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £935,000 | £1,095,000 | |
| Operating profit | — | — | — | £354,000 | £67,000 | |
| Profit before tax | — | — | — | £160,000 | £3,340,000 | |
| Net profit | — | £213,533 | £390,735 | £88,000 | £3,738,000 | |
| Cash | — | £336,205 | £597,920 | £2,123,000 | £6,696,000 | |
| Total assets less current liabilities | — | £7,666,976 | £8,407,583 | £17,863,000 | £20,501,000 | |
| Net assets | — | £4,105,933 | £4,496,668 | £11,144,000 | £14,773,000 | |
| Equity | £3,886,941 | £4,105,933 | £4,496,668 | £11,144,000 | £14,773,000 | |
| Average employees | — | 173 | 181 | — | — | |
| Wages | — | £66,828 | £15,575 | £15,000 | £20,000 | |
| Directors' remuneration | — | — | — | £278,000 | £0 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30
-
Turnover
+17.1%
£935,000 £1,095,000
-
Cash
+215.4%
£2,123,000 £6,696,000
highest in 4 filed years
-
Net assets
+32.6%
£11,144,000 £14,773,000
highest in 4 filed years
-
Employees
—
Not reported
-
Operating profit
-81.1%
£354,000 £67,000
-
Profit before tax
+1,987.5%
£160,000 £3,340,000
-
Wages
+33.3%
£15,000 £20,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-10-01 | 2019-09-30 | 2020-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 37.9% | 6.1% | |
| Net margin | — | — | — | 9.4% | — | |
| Return on capital employed | — | — | — | 2.0% | 0.3% | |
| Gearing (liabilities / total assets) | — | — | — | 41.4% | 30.4% | |
| Current ratio | — | — | — | 3.95x | 12.65x | |
| Interest cover | — | — | — | 0.73x | 0.12x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- UK-adopted international accounting standards
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Audit
- Audit opinion
- Qualified
- Going concern
- Affirmed
“The Directors confirm their assumption that the Company is a going concern, and no significant uncertainty exists in this respect.”
Group structure
- HERCULES REAL ESTATE LIMITED · parent
- Apollo Commercial Interiors Limited 52%
Significant events
- “HRE Limited purchased a site in Nuneaton which has been transformed into a training centre where it can undertake in-house courses for Hercules Site Services Operatives. It opened its doors January 2024.”
- “The Company sold part of the property at Wilkinson Road to the Korkmaz Pension Trust for £900k.”
- “Investment property held for sale relates to the disposal of units A, B and C Wilkinson road, these were disposed of post year end as disclosed in note 25.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KORKMAZ, Brusk Kivilcim | Director | 2016-03-08 | Jun 1979 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KORKMAZ, Nicola Clare | Director | 2023-12-22 | 2026-01-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hercules Real Estate Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-02 | Active |
| Mr Brusk Kivilcim Korkmaz | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2026-01-02 |
| Mrs Nicola Clare Korkmaz | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2026-01-02 |
Filing timeline
Last 20 of 47 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-02-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-21 | AA | accounts | Accounts with accounts type full | |
| 2025-10-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-25 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-08 | AA | accounts | Accounts with accounts type group | |
| 2024-02-08 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-08 | SH08 | capital | Capital name of class of shares | |
| 2023-12-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-22 | AA | accounts | Accounts with accounts type group | |
| 2023-01-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-09-20 | AA | accounts | Accounts with accounts type group | |
| 2022-09-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.