WEST ONE DEVELOPMENT FINANCE LIMITED
Operating as part of the Enra Specialist Finance group, the company provides specialist development finance for ground-up property projects and heavy refurbishments.
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Cash
£759
-99.6% lowest in 4 filed years
Net assets
£10M
+12.2% vs 2024
Employees
0
Average over period
Profit before tax
£1M
-62.9% lowest in 4 filed years
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £25,530,198 | £1,507,454 | -94.1% | |
| Operating profit | — | — | — | — | — | £2,808,282 | £1,042,856 | -62.9% | |
| Profit before tax | — | £3,674,681 | — | £4,182,241 | — | £2,809,191 | £1,042,856 | -62.9% | |
| Net profit | — | £3,229,232 | — | £3,812,007 | — | £2,795,525 | £1,042,393 | -62.7% | |
| Cash | — | £2,903,669 | — | £892,866 | — | £190,353 | £759 | -99.6% | |
| Total assets less current liabilities | — | £118,207,107 | — | £178,368,615 | — | £132,401,135 | £9,619,845 | -92.7% | |
| Net assets | — | £6,207,107 | — | £10,019,114 | — | £8,577,452 | £9,619,845 | +12.2% | |
| Equity | £2,977,875 | £6,207,107 | £6,207,107 | £10,019,114 | £5,781,927 | £8,577,452 | £9,619,845 | +12.2% | |
| Average employees | — | 7 | — | 9 | — | 0 | 0 | — | |
| Wages | — | £519,177 | — | £712,192 | — | £987,606 | £68,065 | -93.1% | |
| 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 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 11.0% | 69.2% | |
| Net margin | — | — | — | — | — | 10.9% | 69.1% | |
| Return on capital employed | — | — | — | — | — | 2.1% | 10.8% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 93.7% | 8.4% | |
| Current ratio | — | — | — | — | — | 39.30x | 11.93x |
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 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis. The directors have not identified any events or conditions which represent a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.”
Significant events
- “In January 2025, £120,174,994 of assets originated by West One Development Finance Limited, were transferred from special purpose funding vehicle Giza Property Finance Limited to West One No.3 Limited ("Portfolio Transfer"). Consequently, the loan pool has reduced during the year.”
- “Following the Portfolio Transfer trading activities ceased, consequently Company profits decreasing by 63% to £1,042,393.”
- “The Company is winding down operations on a solvent basis following the sale of the loan portfolio.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GESTETNER, Emily Henrietta | Director | 2018-03-08 | Apr 1967 | British |
| HOGG, Stephen Andrew | Director | 2019-10-11 | Feb 1982 | British |
| WATERS, Danny Stephen | Director | 2018-03-08 | Oct 1984 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLICK ROTHENBERG AUDIT LLP | Corporate Secretary | 2018-03-08 | 2018-03-08 |
| WASSERMAN, Stephen Bryan | Director | 2018-06-18 | 2019-11-08 |
| WASSERMAN, Stephen Bryan | Director | 2018-06-18 | 2019-11-08 |
| HUNTSMOOR LIMITED | Corporate Director | 2018-03-08 | 2018-03-08 |
| HUNTSMOOR NOMINEES LIMITED | Corporate Director | 2018-03-08 | 2018-03-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| West One Development Finance Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-03-08 | Active |
Filing timeline
Last 20 of 44 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-28 | AA | accounts | Accounts with accounts type full | |
| 2026-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-15 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2025-10-15 | PARENT_ACC | accounts | Legacy | |
| 2025-10-02 | GUARANTEE2 | other | Legacy | |
| 2025-10-02 | AGREEMENT2 | other | Legacy | |
| 2025-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-26 | AA | accounts | Accounts with accounts type full | |
| 2024-03-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-13 | AA | accounts | Accounts with accounts type full | |
| 2023-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-12-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-12-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-12-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-08-03 | AA | accounts | Accounts with accounts type small | |
| 2022-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-29 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.