TORSION DEVELOPMENTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-14 (in 9mo)
Last made up 2026-01-31
Watchouts
None on the register
Cash
£3M
-2.4% vs 2023
Net assets
£18M
+63.1% vs 2023
Employees
12
+33.3% vs 2023
Profit before tax
£7M
+134.6% vs 2023
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £3,148,228 | £1,941,917 | |
| Operating profit | — | — | — | — | — | £1,250,656 | £335,177 | |
| Profit before tax | — | — | — | — | — | £3,073,458 | £7,210,107 | |
| Net profit | — | — | — | — | — | £3,073,065 | £7,211,802 | |
| Cash | — | — | — | — | — | £3,515,320 | £3,430,236 | |
| Total assets less current liabilities | — | — | — | — | — | £12,331,939 | £17,772,260 | |
| Net assets | — | — | — | — | — | £10,853,960 | £17,700,862 | |
| Equity | £1,042 | £1,211,787 | — | — | — | £10,853,960 | £17,700,862 | |
| Average employees | — | — | — | — | — | 9 | 12 | |
| Wages | — | — | — | — | — | £514,534 | £404,358 | |
| Directors' remuneration | — | — | — | — | — | £21,600 | £21,600 |
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 2023-12-31
-
Turnover
-38.3%
£3,148,228 £1,941,917
-
Cash
-2.4%
£3,515,320 £3,430,236
-
Net assets
+63.1%
£10,853,960 £17,700,862
-
Employees
+33.3%
9 12
-
Operating profit
-73.2%
£1,250,656 £335,177
-
Profit before tax
+134.6%
£3,073,458 £7,210,107
-
Wages
-21.4%
£514,534 £404,358
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 39.7% | 17.3% | |
| Net margin | — | — | — | — | — | 97.6% | — | |
| Return on capital employed | — | — | — | — | — | 10.1% | 1.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 58.3% | 65.3% | |
| Current ratio | — | — | — | — | — | 1.07x | 0.37x | |
| Interest cover | — | — | — | — | — | 0.82x | 2.10x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Sumer Auditco Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- TORSION DEVELOPMENTS LIMITED · parent
- Luna Lifestyle Limited (Formerly Torsion Students Limited) 100%
- Torsion (Index House) Limited 100%
- Torsion (Index House) Devco Limited 100%
- Torsion (Curzon Circle) Limited 100%
- Torsion (Tritton Road) Limited 100%
- Torsion DR2H (RQ) Limited 100%
- Torsion DR2H Devco Limited 100%
- Torsion (Flax Place) Limited 100%
- Torsion (Flax Place) Devco Limited 100%
- Torsion (Flax Place) (Block A Leaseco) Limited 100%
- Torsion (Flax Place) (Block B Leaseco) Limited 100%
- Torsion (St Johns) Limited 100%
Significant events
- “On the back of a successful 2023 the business has entered a period of planned strategic growth, including several key appointments, raising new capital for investment and the formation of a number of key joint ventures.”
- “As part of the strategic growth plan Ed Wootton was appointed as Managing Director in 2024, having already been the in the same role for Torsion Construction Limited since 2023.”
- “The business also appointed Tony Bray as Acquisitions and Investment Director to ensure the continued growth, generation of new portfolios and the effective management of the investment portfolio.”
- “2024 marked further milestones with our PBSA scheme on Traffic Street, Nottingham, and our Build-to-Rent (BTR) development, The Phoenix in Leeds, both entering their stabilisation and operational phases.”
- “Alongside this, we successfully launched The Phoenix Leeds for-sale schemes.”
- “Following completion, the company also successfully refinanced the development facility into a long-term investment loan with Investec and continues to actively manage the asset.”
- “In the year Torsion have successfully invested (with JV partners), financially closed and commenced a further £343m GDV schemes”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DEARDEN, Miles Mark Edward Hilton | Director | 2019-04-04 | Nov 1979 | British |
| SPENCER, Daniel Thomas | Director | 2018-04-24 | Jan 1981 | British |
| WORSLEY, David William | Director | 2018-09-07 | Jan 1984 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FOSTER, Martin James | Secretary | 2018-08-14 | 2020-11-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Daniel Thomas Spencer | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2018-04-24 | Active |
Filing timeline
Last 20 of 74 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-18 MA Memorandum articles
- 2024-09-18 RESOLUTIONS Resolution
- 2024-02-03 MA Memorandum articles
- 2024-02-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-20 | AA | accounts | Accounts with accounts type full | |
| 2025-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-09-18 | MA | incorporation | Memorandum articles | |
| 2024-09-18 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-23 | SH08 | capital | Capital name of class of shares | |
| 2024-02-03 | MA | incorporation | Memorandum articles | |
| 2024-02-03 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-31 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-22 | 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
- 3
- 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.