THE PRS REIT (SW II) HOLDING COMPANY LIMITED
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2026-06-25 (in 1mo)
Last made up 2025-06-11
Watchouts
Cash
£662K
-6.5% vs 2024
Net assets
£279M
+6.7% highest in 4 filed years
Employees
0
Average over period
Profit before tax
£31M
-22.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
However, there is a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of this report as a result of the proposed sale of the Company by the ultimate controlling party, The PRS REIT plc.
-
9 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
4-year trend · vs Real Estate median
Accounts
4-year trend · latest reflected 2025-06-30
| Metric | Trend | 2020-06-30 | 2021-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|
| Turnover | — | — | £21,469,000 | £23,527,000 | |
| Operating profit | — | — | £43,663,000 | £34,891,000 | |
| Profit before tax | — | — | £39,287,000 | £30,513,000 | |
| Net profit | — | — | £39,287,000 | £30,513,000 | |
| Cash | £0 | £0 | £708,000 | £662,000 | |
| Total assets less current liabilities | — | — | £410,143,000 | £427,636,000 | |
| Net assets | £100 | £100 | £261,746,000 | £279,159,000 | |
| Equity | £100 | £100 | £261,746,000 | £279,159,000 | |
| Average employees | — | — | 0 | 0 | |
| 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. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-06-30 vs 2024-06-30
-
Turnover
+9.6%
£21,469,000 £23,527,000
-
Cash
-6.5%
£708,000 £662,000
-
Net assets
+6.7%
£261,746,000 £279,159,000
highest in 4 filed years
-
Employees
—
Not reported
-
Operating profit
-20.1%
£43,663,000 £34,891,000
-
Profit before tax
-22.3%
£39,287,000 £30,513,000
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 | 2020-06-30 | 2021-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|
| Operating margin | — | — | 203.4% | 148.3% | |
| Net margin | — | — | 183.0% | 129.7% | |
| Return on capital employed | — | — | 10.6% | 8.2% | |
| Gearing (liabilities / total assets) | — | — | 36.4% | 35.0% | |
| Current ratio | — | — | 2.23x | 1.99x | |
| Interest cover | — | — | 9.98x | 7.97x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“However, there is a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of this report as a result of the proposed sale of the Company by the ultimate controlling party, The PRS REIT plc.”
Group structure
- THE PRS REIT (SW II) HOLDING COMPANY LIMITED · parent
- The PRS REIT (SWII) Borrower Limited 100%
- Sigma PRS Investments (Bury St Edmunds) Limited 100%
- Sigma PRS Investments (Lea Hall) Limited 100%
- Sigma PRS Investments (Newhall) Limited 100%
- The PRS REIT (Brickkiln Place) Limited 100%
- The PRS REIT (Durham Street) Limited 100%
- The PRS REIT (East Hill) Limited 100%
- The PRS REIT (Entwistle Road) Limited 100%
- The PRS REIT (Newhaven) Limited 100%
- The PRS REIT (Norwich Street) Limited 100%
- The PRS REIT (QVS) Limited 100%
- The PRS REIT (Reginald Road) Limited 100%
- The PRS REIT (Riverside College) Limited 100%
- The PRS REIT (Whitworth Way) Limited 100%
- The PRS REIT (Holyoake) Limited 100%
- The PRS REIT Holyoake General Partner Limited 100%
- The PRS REIT (Holyoake) Operating Limited Partnership 100%
- The PRS REIT (SWII) Memberco Limited 100%
- The PRS REIT (SWII) Investments LLP 100%
- The PRS REIT (Holyoake) Memberco Limited 100%
- Sigma PRS Investments (Bury St Edmunds D) Limited 100%
- The PRS REIT (Beehive) Limited 100%
- The PRS REIT (Bilston Urban Village) Limited 100%
- The PRS REIT (Cable Street) Limited 100%
- The PRS REIT (Heathfield Lane) Limited 100%
- The PRS REIT (Hilton Park) Limited 100%
- The PRS REIT (Manor Boot) Limited 100%
- The PRS REIT (Roch Street) Limited 100%
- The PRS REIT (Sutherland School) Limited 100%
- Sigma PRS Northern (Bertha Park) Limited 100%
- Sigma PRS Investments (Bury St Edmunds II) Limited 100%
- Sigma PRS Investments (Bury St Edmunds D II) Limited 100%
- Sigma PRS Investments (Lea Hall II) Limited 100%
- Sigma PRS Investments (Newhall II) Limited 100%
Significant events
- “On 3 November 2025, the Board of The PRS REIT plc ('PRS REIT') announced that it had entered into a conditional agreement for the Sale of The PRS REIT Holding Company Limited (PRS HoldCo)... for cash consideration of approximately £628.86 million. The Sale was approved on 27 November 2025, with completion expected on or around 11 December 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SIGMA CAPITAL PROPERTY LTD | Corporate Secretary | 2019-06-12 | — | — |
| BIRRELL, Christian Stewart | Director | 2025-12-09 | Dec 1988 | British |
| MCKELLAR, Stewart Robert John | Director | 2025-12-09 | Jun 1975 | British |
| MOORE, James Bartrop | Director | 2025-12-09 | Oct 1990 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARNET, Graham Fleming | Director | 2019-10-31 | 2022-11-17 |
| BERRY, Jason George | Director | 2020-03-17 | 2025-12-08 |
| BRISELDEN, Malcolm Douglas | Director | 2019-10-31 | 2023-07-28 |
| COULSON, Pippa Margaret | Director | 2023-07-31 | 2025-12-08 |
| FRANCIS, David Steffan | Director | 2019-06-12 | 2019-10-31 |
| MACRAE, Roderick Macleod | Director | 2019-06-12 | 2019-10-31 |
| MCGILL, Michael Scott | Director | 2020-03-30 | 2025-12-08 |
| NANDA, Geeta | Director | 2025-12-08 | 2025-12-09 |
| NAYLOR, Robert Graham | Director | 2025-12-08 | 2025-12-09 |
| PROWER, Aubyn James Sugden | Director | 2019-06-12 | 2019-10-31 |
| RAMSEY, Katy Louise | Director | 2019-10-31 | 2025-12-08 |
| REAY, Graeme Douglas | Director | 2019-10-31 | 2025-12-08 |
| SCOTT, Michael Whitecross | Director | 2019-10-31 | 2025-12-08 |
| SMITH, Stephen Paul | Director | 2019-06-12 | 2019-10-31 |
| SUMNER, Robert Matthew | Director | 2019-10-31 | 2025-12-08 |
| TOWNSON, Matthew John | Director | 2019-10-31 | 2022-06-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Prs Reit Holding Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-06-12 | Active |
Filing timeline
Last 20 of 52 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-12 | AA | accounts | Accounts with accounts type group | |
| 2025-12-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-09 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 19
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 9
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.