HEDWIG ASR HOLDCO LIMITED
Hedwig ASR Holdco Limited operates as a holding company managing intra-group debt instruments and receivables.
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Cash
£11m
-44.7% lowest in 3 filed years
Net assets
£145m
-8.7% lowest in 3 filed years
Employees
11
0% vs 2024
Profit before tax
-£22m
+33.6% highest in 3 filed years
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 | £37,221,000 | £65,007,000 | £67,007,000 | +3.1% | |
| Operating profit | £6,515,000 | £20,803,000 | £30,655,000 | +47.4% | |
| Profit before tax | -£36,232,000 | -£33,007,000 | -£21,920,000 | +33.6% | |
| Net profit | -£38,918,000 | -£41,656,000 | -£28,843,000 | +30.8% | |
| Cash | £11,921,000 | £20,513,000 | £11,341,000 | -44.7% | |
| Total assets less current liabilities | £1,049,413,000 | £783,326,000 | £966,648,000 | +23.4% | |
| Net assets | £200,816,000 | £159,160,000 | £145,317,000 | -8.7% | |
| Equity | £200,816,000 | £159,160,000 | £145,317,000 | -8.7% | |
| Average employees | 11 | 11 | 11 | 0% | |
| Wages | — | £1,061,000 | £1,320,000 | +24.4% | |
| Directors' remuneration | — | £368,000 | £397,000 | +7.9% | |
| Directors' pension contributions | — | £34,000 | £35,000 | +2.9% | |
| Highest paid director | — | £230,000 | £397,000 | +72.6% |
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 | 17.5% | 32.0% | 45.7% | |
| Net margin | -104.6% | -64.1% | -43.0% | |
| Return on capital employed | 0.6% | 2.7% | 3.2% | |
| Gearing (liabilities / total assets) | 81.4% | 84.8% | 85.6% | |
| Current ratio | 1.94x | 0.21x | 0.67x | |
| Interest cover | 0.14x | 0.34x | 0.51x |
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
- HEDWIG ASR HOLDCO LIMITED 2023-02-13 → present
- SAGE INVESTMENTS 1 LIMITED 2018-02-20 → 2023-02-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have considered it appropriate to adopt the going concern basis of accounting in preparing the annual financial statements. The Directors can report that there are no material uncertainties to the Group's or Company's ability to continue over a period of at least twelve months from the date of approval of the financial statements.”
Group structure
- HEDWIG ASR HOLDCO LIMITED · parent
- Sage Borrower AR1 Limited 100%
- Sage Borrower AR2 Limited 100%
- Sage Borrower AR3 Limited 100%
- Sage Borrower AR4 Limited 100%
- Sage Rented Limited 100%
Significant events
- “On 3 March 2026, the Group completed a refinancing with respect to the senior loan borrowed from Sage Borrower AR3 Limited (note 17). On repayment of the senior facility, all assets and liabilities held with respect to the senior facility, were liquidated and repaid respectively.”
- “Two new subsidiaries of the Group, Sage Borrower AR5 Limited and Sage Borrower AR6 Limited, were incorporated on 24 October 2025 and 30 October 2025 respectively, to manage the replacement financing agreements. Both entities remained dormant throughout the period to 31 December 2025, only becoming active in 2026.”
- “As part of the refinancing activity, Sage Homes RP Limited, a sister-Registered Provider of Sage Rented Limited, transferred 975 completed affordable and social rental units to the Group. The transfer of these units was undertaken at net book value.”
- “On 16 March 2026, the Group completed the sale of 4 affordable and social rental units to Home Group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FRISBY, Bridget | Secretary | 2019-12-10 | — | — |
| BIRKBECK, Eleanor Stephanie Frances | Director | 2023-02-02 | Dec 1987 | British |
| HARRY, Matthew James | Director | 2026-03-31 | May 1993 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOK, Joseph | Director | 2018-02-20 | 2019-08-08 |
| KATAKY, Gemma Nandita | Director | 2018-08-08 | 2023-02-02 |
| TAYLOR, Sydney Engelbert | Director | 2018-02-20 | 2023-02-02 |
| VEISSE, Jeremie Arnaud Cedric | Director | 2023-02-02 | 2026-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stephen Allen Schwarzman | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-20 | Active |
Filing timeline
Last 20 of 45 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-19 RESOLUTIONS Resolution
- 2024-03-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | AA | accounts | Accounts with accounts type group | |
| 2026-05-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-14 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-11-28 | SH01 | capital | Capital allotment shares | |
| 2025-09-18 | AA | accounts | Accounts with accounts type group | |
| 2025-03-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-03 | AA | accounts | Accounts with accounts type group | |
| 2024-03-19 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-03-19 | SH20 | capital | Legacy | |
| 2024-03-19 | CAP-SS | insolvency | Legacy | |
| 2024-03-19 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-19 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-01 | SH01 | capital | Capital allotment shares | |
| 2023-10-05 | AA | accounts | Accounts with made up date | |
| 2023-10-03 | SH01 | capital | Capital allotment shares | |
| 2023-03-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-22 | MR05 | mortgage | Mortgage charge whole release with charge number |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- 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.