TP REIT PROPCO 2 LIMITED
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Cash
£8.7M
+25.4% highest in 3 filed years
Net assets
£100M
-7.5% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
£4.3M
+136.6% first positive since 2024
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £18,820,037 | £17,468,199 | £19,828,130 | +13.5% | |
| Operating profit | £24,211,686 | -£6,508,478 | £9,710,190 | +249.2% | |
| Profit before tax | £18,897,582 | -£11,872,859 | £4,349,504 | +136.6% | |
| Net profit | £18,897,582 | -£11,872,859 | £4,349,504 | +136.6% | |
| Cash | £7,010,817 | £6,970,796 | £8,740,153 | +25.4% | |
| Total assets less current liabilities | £324,374,151 | £301,747,080 | £293,853,264 | -2.6% | |
| Net assets | £130,649,660 | £107,875,146 | £99,820,608 | -7.5% | |
| Equity | £130,649,660 | £107,875,146 | £99,820,608 | -7.5% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| 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. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 128.6% | -37.3% | 49.0% | |
| Net margin | 100.4% | -68.0% | 21.9% | |
| Return on capital employed | 7.5% | -2.2% | 3.3% | |
| Gearing (liabilities / total assets) | 60.0% | 64.5% | — | |
| Current ratio | 5.28x | 5.62x | 4.60x | |
| Interest cover | 4.54x | -1.21x | 1.81x |
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.
Name history
Renamed 1 time since incorporation
- TP REIT PROPCO 2 LIMITED 2018-01-26 → present
- FPI CO 191 LTD 2017-10-06 → 2018-01-26
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe that there are currently no material uncertainties in relation to the Company's ability to continue in operation for a period of at least 12 months from the date of approval of the Company's Financial Statements.”
Significant events
- “My Space ceased paying rent in June 2024 due to financial difficulties. In March 2025, My Space entered into a Company Voluntary Arrangement (CVA). Prior to the CVA vote, we secured an option agreement on behalf of the Company permitting assignment of SOHO's properties within 12 months of the challenge period.”
- “In the second half of 2024, the Parasol leases were assigned to Portus. Post-assignment, all 38 properties moved to an initial stabilisation period, where the Company receives rent on an agreed pass-through basis.”
- “Post year end, the Company declared a dividend of £3,564,427 per share.”
- “19 properties previously assigned from Parasol to Portus (formerly Westmoreland) achieved stabilisation and reverted to fully-repairing and insuring lease terms.”
- “Following regulatory engagement, two properties were successfully assigned from Pivotal to Independent Housing Ltd.”
- “In January 2026 5 properties with year end value of £1,427,905 were transferred by the Company to TP REIT Propco 5 Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HANWAY ADVISORY LIMITED | Corporate Secretary | 2018-10-01 | — | — |
| CAREY, Michael James Arthur | Director | 2025-01-01 | Dec 1990 | British |
| MARKHAM, Natalie | Director | 2025-01-01 | Oct 1973 | British |
| STILL, Thomas Peter | Director | 2026-05-13 | Jan 1988 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LANGHAM HALL UK SERVICES LLP | Corporate Secretary | 2018-02-13 | 2018-10-01 |
| BEATON, Benjamin James | Director | 2017-12-21 | 2018-06-20 |
| D'ENRICO, Adrian James | Director | 2025-01-01 | 2026-05-13 |
| GREEN, Paul Stephen | Director | 2017-10-06 | 2017-12-21 |
| HUBBLE, Justin Legarth | Director | 2018-04-06 | 2025-01-01 |
| SHENKMAN, Maximilian Ivan Michael | Director | 2017-12-21 | 2025-01-01 |
| WEICHELT, Ralph | Director | 2018-04-06 | 2025-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tp Reit Holdco 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-01-24 | Active |
| Triple Point Social Housing Reit Plc | Corporate entity | Significant influence | 2017-12-21 | Ceased 2018-01-24 |
| Fairhome Property Investments Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-11-29 | Ceased 2017-12-21 |
| Mr Paul Stephen Green | Individual | Significant influence | 2017-10-06 | Ceased 2017-11-29 |
Filing timeline
Last 20 of 105 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-21 | AA | accounts | Accounts with accounts type full | |
| 2026-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-14 | AA | accounts | Accounts with accounts type full | |
| 2025-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-03 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-07-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-05-10 | AA | accounts | Accounts with accounts type full | |
| 2023-09-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-06 | AA | accounts | Accounts with accounts type full | |
| 2023-04-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.