PELF UK LIMITED
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Cash
£25M
-50% lowest in 3 filed years
Net assets
£1.7B
+6.8% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£193M
+18.7% 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 | £186,684,000 | £174,638,000 | £181,849,000 | +4.1% | |
| Operating profit | -£650,281,000 | £156,836,000 | £164,628,000 | +5% | |
| Profit before tax | -£681,062,000 | £162,543,000 | £192,950,000 | +18.7% | |
| Net profit | -£674,617,000 | £159,940,000 | £191,536,000 | +19.8% | |
| Cash | £25,494,000 | £49,491,000 | £24,722,000 | -50% | |
| Total assets less current liabilities | £3,522,242,000 | £3,208,226,000 | £3,292,181,000 | +2.6% | |
| Net assets | £1,574,706,000 | £1,615,514,000 | £1,725,958,000 | +6.8% | |
| Equity | £1,574,706,000 | £1,615,514,000 | £1,725,958,000 | +6.8% | |
| Average employees | 0 | 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. 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 | — | 89.8% | 90.5% | |
| Net margin | — | 91.6% | 105.3% | |
| Return on capital employed | -18.5% | 4.9% | 5.0% | |
| Gearing (liabilities / total assets) | 57.1% | 58.1% | 56.6% | |
| Current ratio | 1.35x | 0.29x | 0.28x | |
| Interest cover | -19.60x | 2.66x | 2.39x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As stated in note 2 of the consolidated financial statements, the directors believe that the Group will have sufficient funds through its operations to meet its liabilities as they fall due 12 months after the date of approval of the accounts.”
Group structure
- PELF UK LIMITED · parent
- PELF UK Limited 100%
- PELF UK Holdco Limited* 100%
- Horton Road Limited* 100%
- Prologis (Cubic Building) Limited* 100%
- Prologis (Cubic Building) Holdings Limited* 100%
- PELF Holdco 2 Limited* 100%
- PELF Holdco 3 Limited* 100%
- Prologis UK 47 Limited* 100%
- Prologis UK 48 Limited* 100%
- Prologis UK 49 Limited* 100%
- Prologis UK 50 Limited* 100%
- Prologis UK 51 Limited* 100%
- Prologis UK 52 Limited* 100%
- Prologis UK 53 Limited* 100%
- Prologis UK 54 Limited* 100%
- Prologis UK 55 Limited* 100%
- Prologis UK 56 Limited* 100%
- Prologis UK 57 Limited* 100%
- Prologis UK 58 Limited* 100%
- Prologis UK 59 Limited* 100%
- Prologis UK 60 Limited* 100%
- Prologis UK 61 Limited* 100%
- Prologis UK 62 Limited* 100%
- Prologis UK 63 Limited* 100%
- Prologis UK 64 Limited* 100%
- Prologis UK 65 Limited* 100%
- Prologis UK 66 Limited* 100%
- Prologis UK 67 Limited* 100%
- Prologis UK 68 Limited* 100%
- Prologis UK 69 Limited* 100%
- Prologis UK 70 Limited* 100%
- Prologis UK 71 Limited* 100%
- Prologis UK 72 Limited* 100%
- Prologis UK 73 Limited* 100%
- Prologis UK 74 Limited* 100%
- Prologis UK 75 Limited* 100%
- Prologis UK 76 Limited* 100%
- Prologis UK 77 Limited* 100%
- Prologis UK 78 Limited* 100%
- Prologis UK 79 Limited* 100%
- Prologis UK 80 Limited* 100%
- Prologis UK 81 Limited* 100%
- Prologis UK 82 Limited* 100%
- Prologis UK 83 Limited* 100%
- Prologis UK 84 Limited* 100%
- Prologis UK 85 Limited* 100%
- Prologis UK 87 Limited* 100%
- Prologis UK 88 Limited* 100%
- Prologis UK 89 Limited* 100%
- Prologis UK 90 Limited* 100%
- Prologis UK 91 Limited* 100%
- Prologis UK 92 Limited* 100%
- Prologis UK 93 Limited* 100%
- Prologis UK 95 Limited* 100%
- Prologis UK 96 Limited* 100%
- Prologis UK 97 Limited* 100%
- Prologis UK 98 Limited* 100%
- Prologis UK 100 Limited* 100%
- Prologis UK 101 Limited* 100%
- Prologis UK 102 Limited* 100%
- Prologis UK 103 Limited* 100%
- Prologis UK 104 Limited* 100%
- Prologis UK 105 Limited* 100%
- Prologis UK 113 Limited* 100%
- Prologis UK 114 Limited* 100%
- Prologis UK 115 Limited* 100%
- Prologis UK 116 Limited* 100%
- Prologis UK 117 Limited* 100%
- Prologis UK Central Park Limited* 100%
- Prologis UK Watford Limited* 100%
- Prologis UK Erith Limited* 100%
- Prologis UK Croydon Limited* 100%
- ProLogis European Finance XXIII S.à r.I. 100%
- Prologis European Holdings XXVIII S.à r.J. (in liquidation) 0%
- Prologis European Finance XIV S.à r.l. (in liquidation) 100%
- Prologis UK CCXXXV S.à r.l. (in liquidation) 100%
- Prologis European Finance XXII S.à r.l. (in liquidation) 0%
- Prologis UK CCCIV S.à r.l. (in liquidation) 0%
- Prologis UK CCCXLVIII S.à r.l. (in liquidation) 0%
- Prologis UK CCCXXII S.à r.l. (in liquidation) 0%
- Prologis UK CCCXXVII S.à r.l. (in liquidation) 0%
- Prologis UK CCCXLIX S.à r.l. (in liquidation) 0%
- Prologis UK IV (A) B.V. 100%
- Prologis UK III (A) B.V. 100%
- Prologis UK (A) B.V. 100%
- Prologis UK Holding VI B.V. 100%
- Prologis Solar Way Limited 100%
- Prologis East London DC1 Property Unit Trust (in wound-up) 0%
- Prologis East London DC2 Property Unit Trust (in wound-up) 0%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MEERKERK, Gerrit Jan | Director | 2022-11-07 | Jun 1971 | Dutch |
| SMITH, Nicholas David Mayhew | Director | 2022-08-26 | Oct 1968 | British |
| WESTON, Paul David | Director | 2022-08-26 | Nov 1968 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Prologis Inc | Corporate entity | Significant influence | 2022-11-07 | Active |
| Prologis Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-08-26 | Ceased 2022-11-07 |
Filing timeline
Last 20 of 33 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-06-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-20 | AA | accounts | Accounts with accounts type group | |
| 2026-05-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-19 | SH01 | capital | Capital allotment shares | |
| 2025-06-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-30 | SH01 | capital | Capital allotment shares | |
| 2025-03-19 | AA | accounts | Accounts with accounts type group | |
| 2025-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-08 | AA | accounts | Accounts with accounts type group | |
| 2024-03-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-15 | SH01 | capital | Capital allotment shares | |
| 2023-11-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-20 | SH01 | capital | Capital allotment shares | |
| 2023-11-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-01 | SH01 | capital | Capital allotment shares | |
| 2023-06-08 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-06-08 | SH20 | capital | Legacy | |
| 2023-06-08 | CAP-SS | insolvency | Legacy | |
| 2023-06-08 | RESOLUTIONS | resolution | Resolution | |
| 2022-11-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-22 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- 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.