LEGAL & GENERAL AFFORDABLE HOMES (INVESTMENT 1) LIMITED
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Cash
£8.2m
+9,270.1% vs 2024
Net assets
£23m
+1.9% vs 2024
Employees
0
Average over period
Profit before tax
-£2.4m
-171.9% vs 2024
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £338,000 | £1,776,000 | +425.4% | |
| Operating profit | £3,564,000 | -£1,209,000 | -133.9% | |
| Profit before tax | £3,328,000 | -£2,394,000 | -171.9% | |
| Net profit | £2,496,000 | -£1,806,000 | -172.4% | |
| Cash | £87,000 | £8,152,000 | +9,270.1% | |
| Total assets less current liabilities | £38,669,000 | £44,159,000 | +14.2% | |
| Net assets | £23,030,000 | £23,474,000 | +1.9% | |
| Equity | £23,030,000 | £23,474,000 | +1.9% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | £45,000 | £55,000 | +22.2% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | — | -68.1% | |
| Net margin | — | -101.7% | |
| Return on capital employed | 9.2% | -2.7% | |
| Gearing (liabilities / total assets) | 42.1% | 48.4% | |
| Current ratio | 0.41x | 6.56x | |
| Interest cover | 15.10x | -0.96x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“No material uncertainties that cast significant doubt about the ability of the Company to continue as a going concern have been identified by the Directors.”
Significant events
- “The Directors are currently considering a potential sale of a substantial proportion of its affordable homes to a Registered Provider within the Legal & General Affordable Homes business during 2026.”
- “The growth in 2025 arose from new home development, including the conversion of the former 2022 Commonwealth Games athletes' village in Perry Barr, Birmingham into 487 affordable homes.”
- “It has been particularly pleasing to near completion of our first operationally net zero new development in Essex.”
- “Our first NZC homes at Hart Grove were handed over ready for occupation in April 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LEGAL & GENERAL CO SEC LIMITED | Corporate Secretary | 2023-10-27 | — | — |
| DAVIS, Kathryn Ruth | Director | 2024-03-07 | Dec 1964 | British |
| GADD, Simon Benedict | Director | 2024-09-05 | Aug 1965 | British |
| GLADWELL, Peter | Director | 2024-03-07 | Sep 1980 | British |
| GOULD, Kevin David | Director | 2024-03-07 | May 1968 | British |
| HOLDCROFT, Shaun | Director | 2025-07-24 | Jan 1980 | British |
| MELINEK, Sarah Jane Elizabeth | Director | 2024-03-07 | Apr 1964 | British |
| PETERS, Ian | Director | 2024-03-07 | Oct 1958 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DENTON, Benjamin David | Director | 2023-10-27 | 2025-07-23 |
| HEWITT, Christopher Andrew | Director | 2023-10-27 | 2024-03-07 |
| SHAW, Karl Simon | Director | 2024-03-07 | 2024-09-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Legal And General Assurance Society Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-22 | Active |
| Legal & General Homes Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-10-27 | Ceased 2024-03-22 |
Filing timeline
Last 20 of 24 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-12 | AA | accounts | Accounts with accounts type full | |
| 2026-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-09 | SH01 | capital | Capital allotment shares | |
| 2025-02-25 | SH01 | capital | Capital allotment shares | |
| 2024-11-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-14 | HC01 | incorporation | Registration company as social landlord | |
| 2024-07-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-04-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-03-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-13 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.