X1 PROPERTY MANAGEMENT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-12 (in 6mo)
Last made up 2025-10-29
Watchouts
Cash
£6M
highest in 5 filed years
Net assets
£5M
highest in 5 filed years
Employees
129
highest in 5 filed years
Profit before tax
£2M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Real Estate median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2022-06-30 | 2023-06-30 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £10,623,022 | £87,623,704 | |
| Operating profit | — | — | — | — | £3,973,106 | £4,162,448 | |
| Profit before tax | — | — | — | — | £1,825,864 | £2,028,937 | |
| Net profit | — | — | — | — | £1,700,252 | £1,634,624 | |
| Cash | £167,873 | £374,076 | £859,176 | — | £1,092,891 | £5,654,407 | |
| Total assets less current liabilities | £278,194 | £728,523 | £3,259,973 | — | £5,625,693 | £5,265,305 | |
| Net assets | — | £728,523 | £84,973 | — | £3,046,344 | £4,580,968 | |
| Equity | £278,194 | £728,523 | £84,973 | £1,019,960 | £3,046,344 | £4,580,968 | |
| Average employees | 20 | 45 | 45 | — | 103 | 129 | |
| Wages | — | — | — | — | £2,589,505 | £5,297,685 | |
| Directors' remuneration | — | — | — | — | — | — |
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 2024-12-31 vs 2023-06-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2022-06-30 | 2023-06-30 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 37.4% | 4.8% | |
| Net margin | — | — | — | — | 16.0% | 1.9% | |
| Return on capital employed | — | — | — | — | 70.6% | 79.1% | |
| Current ratio | — | — | — | — | 1.07x | 1.13x | |
| Interest cover | — | — | — | — | 1.85x | 1.95x |
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. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Xeinadin Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Director has prepared the financial statements on a going concern basis, there are no factors that affect the Group's ability to continue as a going concern.”
Group structure
- X1 PROPERTY MANAGEMENT LIMITED · parent
- X1 The Campus Limited 100%
- X1 Manchester Waters Limited 100%
Significant events
- “The first quarter of 2025 has generated profits in excess of £3m as the remaining units have completed at Cheltenham Place Phase 1 and the consistent revenue and profits generated from the property lettings and management business continues to increase shareholders funds.”
- “The Group has added a further two subsidiaries after the year end that strengthen its position and will generate significant profit in the last quarter of 2025.”
- “After the year end the Group has acquired two further subsidiaries, X1 Michigan Towers Limited and X1 Liverpool One Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMITH, Lisa Mary | Director | 2020-03-18 | Nov 1969 | British |
| SMITH, Raymond William | Director | 2025-11-04 | Jan 1966 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENNETT, Anthony James | Director | 2025-11-04 | 2026-02-03 |
| GREEN, Melissa Mary Catherine | Director | 2020-03-17 | 2020-03-18 |
| SMITH, Lisa Mary | Director | 2016-06-22 | 2020-03-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| X1 Property Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-09-29 | Active |
| Mrs Lisa Mary Smith | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-06-22 | Ceased 2025-09-29 |
Filing timeline
Last 20 of 48 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-18 | AA | accounts | Accounts with accounts type group | |
| 2025-08-30 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-08-26 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-26 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-11-25 | AAMD | accounts | Accounts amended with accounts type total exemption full | |
| 2024-06-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-29 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-05-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-08-14 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-08-08 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 1
- 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.