M&G AFFORDABLE LIVING RP LIMITED
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Cash
£19m
+30.2% highest in 3 filed years
Net assets
£291m
+14.6% highest in 4 filed years
Employees
0
Average over period
Profit before tax
£15m
+50.5% highest in 3 filed years
Net assets
4-year trend · vs Real Estate median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | £3,928,299 | £15,779,569 | £13,099,528 | -17% | |
| Operating profit | — | £2,693,876 | £7,327,905 | £9,163,666 | +25.1% | |
| Profit before tax | — | £1,966,046 | £10,093,580 | £15,188,364 | +50.5% | |
| Net profit | — | £1,966,046 | £10,053,108 | £15,065,055 | +49.9% | |
| Cash | — | £7,904,269 | £14,503,743 | £18,880,379 | +30.2% | |
| Total assets less current liabilities | — | £227,447,108 | £254,239,118 | — | — | |
| Net assets | £64,373,571 | £227,082,097 | £253,704,565 | £290,670,439 | +14.6% | |
| Equity | £64,373,571 | £227,082,097 | £253,704,565 | £290,670,439 | +14.6% | |
| Average employees | — | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | — | |
| Directors' remuneration | — | £40,000 | £55,000 | £62,000 | +12.7% | |
| Highest paid director | — | — | £18,000 | £20,000 | +11.1% |
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 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|
| Operating margin | — | 68.6% | 46.4% | 70.0% | |
| Net margin | — | 50.0% | 63.7% | 115.0% | |
| Return on capital employed | — | 1.2% | 2.9% | — | |
| Gearing (liabilities / total assets) | — | 1.6% | 0.9% | 1.1% | |
| Current ratio | — | 7.10x | 13.28x | 10.45x | |
| Interest cover | — | 12.88x | — | — |
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
- M&G AFFORDABLE LIVING RP LIMITED 2026-03-16 → present
- M&G UK SHARED OWNERSHIP LIMITED 2019-09-10 → 2026-03-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have made an assessment of the Company's ability to continue as a going concern and are satisfied that the Company has the resources to continue in business for a period of 12 months from the date the Financial Statements are authorised for issue.”
Significant events
- “The Company has also recently acquired a small portfolio of Social Rent properties. While rental income from these properties represents a limited proportion of the Company's overall income, there remains a risk of tenant arrears and rent default.”
- “The Board has also considered the potential impacts of the conflict in the Middle East, including the recent military action in Iran, which has added to global economic uncertainty.”
- “At the year end, the grant balance was £39,977,293 (2025: £24,267,937). This grant will be subject to determination and paid or recycled in accordance with the Capital Funding Guide as set out by Homes England. ... and the balance is a contingent liability.”
- “An interim dividend of £2,128,835 (£0.0078 per share) was declared on 19 May 2026 by the Company payable to the REIT. The payment was made on 20 May 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| M&G MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2019-09-10 | — | — |
| EARL, Jane Margaret | Director | 2020-04-17 | Apr 1957 | British |
| GREAVES, Alexander William Western | Director | 2023-03-23 | Nov 1975 | British |
| MOROSS, Trevor | Director | 2023-03-23 | Dec 1948 | British |
| REID, Nina | Director | 2023-11-16 | Nov 1980 | British |
| SMITH, Sarah Anne | Director | 2025-09-29 | Dec 1966 | British |
| YUDOLPH, Debra Rachel | Director | 2020-04-17 | Apr 1964 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COWAN, Andrew John | Director | 2020-04-17 | 2023-03-23 |
| DAVIE, Stephen Mark | Director | 2019-09-10 | 2023-07-27 |
| PERKINS, Christopher Mark Gordon | Director | 2019-09-10 | 2023-03-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| M&G Affordable Living Reit Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-05-28 | Active |
| M&G Real Estate Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-09-10 | Ceased 2020-05-28 |
Filing timeline
Last 20 of 42 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-16 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-18 | AA | accounts | Accounts with accounts type full | |
| 2026-03-24 | SH01 | capital | Capital allotment shares | |
| 2026-03-16 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-09-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-26 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-03-19 | SH01 | capital | Capital allotment shares | |
| 2024-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-09-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-10 | SH01 | capital | Capital allotment shares | |
| 2023-12-18 | SH01 | capital | Capital allotment shares | |
| 2023-11-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-01 | SH01 | capital | Capital allotment shares | |
| 2023-09-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-08 | AA | accounts | Accounts with accounts type full | |
| 2023-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-01 | SH01 | capital | Capital allotment shares | |
| 2023-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-30 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 2
- Officers appointed
- 1
- 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.