TRAD PROPERTIES LLP
Trad Properties LLP is a property holding and investment vehicle associated with the Smith family, the founders of Trad Scaffolding.
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Cash
£8.7M
+169.6% highest in 6 filed years
Net assets
£23M
+7.6% highest in 6 filed years
Employees
177
+63.9% highest in 6 filed years
Profit before tax
£1.8M
+397.6% vs 2023
Net assets
6-year trend · vs Unclassified median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2024-11-30
| Metric | Trend | 2019-11-30 | 2020-11-30 | 2021-11-30 | 2022-11-30 | 2023-11-30 | 2024-11-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £49,158,228 | £68,344,355 | +39% | |
| Operating profit | — | — | — | — | -£828,290 | £1,704,352 | +305.8% | |
| Profit before tax | — | — | — | — | -£598,784 | £1,782,061 | +397.6% | |
| Net profit | -£11,906 | -£9,031 | -£50 | -£30 | — | — | — | |
| Cash | £38,502 | £38,484 | £38,434 | £38,404 | £3,209,522 | £8,651,797 | +169.6% | |
| Total assets less current liabilities | £24,297,453 | £24,288,422 | £24,288,372 | £24,288,342 | £34,932,307 | £36,816,563 | +5.4% | |
| Net assets | £13,522,653 | £13,513,622 | £13,513,572 | £13,513,542 | £20,962,849 | £22,562,998 | +7.6% | |
| Equity | £13,522,653 | £13,513,622 | £13,513,572 | £13,513,542 | £20,962,849 | £22,562,998 | +7.6% | |
| Average employees | 2 | 2 | 2 | 2 | 108 | 177 | +63.9% | |
| Wages | — | — | — | — | £6,894,200 | £10,282,865 | +49.2% | |
| Members' 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 | 2019-11-30 | 2020-11-30 | 2021-11-30 | 2022-11-30 | 2023-11-30 | 2024-11-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -1.7% | 2.5% | |
| Return on capital employed | — | — | — | — | -2.4% | 4.6% | |
| Current ratio | — | — | — | — | 1.25x | 1.39x | |
| Interest cover | — | — | — | — | -11.73x | 22.00x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Haslers, Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- TRAD PROPERTIES LLP · parent
- Gapsun Properties Limited 100%
- Texo Group Limited 95%
- Texo Recruitment Limited 75%
- Airport Capacity Solutions Limited 60%
- Texo (Guyana) Inc 100%
Significant events
- “Texo as a company recognizes the risks posed by climate change to business practices and is committed to reaching Net Zero by 2040.”
- “In 2024, Texo successfully established its emissions baseline by analysing comprehensive data collated from the year 2023.”
- “In 2025, Texo is building on these achievements by finalising the Carbon Emissions Reports for 2023 and 2024 and publishing them internally. A list of planned emission reduction actions through to 2030 is being developed and will be published as our 5-year plan for decarbonisation.”
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 |
|---|---|---|---|---|
| SMITH, Christopher Hayden | LLP Designated Member | 2011-12-22 | Apr 1974 | — |
| WALKER, Jacqueline | LLP Designated Member | 2011-12-22 | Oct 1959 | — |
| THE TRUSTEES OF THE TRAD SCAFFOLDING CO LIMITED (H F SMITH) FURBS | Corporate LLP Designated Member | 2011-12-22 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Christopher Hayden Smith | Individual | Voting 25–50% (LLP), Voting 25–50% (LLP, as trust), Surplus assets 25–50% (LLP), Surplus assets 25–50% (LLP, as trust), Appoints members (LLP), Appoints members (LLP, as trust) | 2016-04-06 | Active |
| Jacqueline Walker | Individual | Voting 25–50% (LLP), Voting 25–50% (LLP, as trust), Surplus assets 25–50% (LLP), Surplus assets 25–50% (LLP, as trust), Appoints members (LLP), Appoints members (LLP, as trust) | 2016-04-06 | Active |
| Mrs Doretta Smith | Individual | Voting 25–50% (LLP, as trust), Surplus assets 25–50% (LLP, as trust), Appoints members (LLP, as trust) | 2016-04-06 | Active |
| Mr Hayden Francis Smith | Individual | Voting 25–50% (LLP, as trust), Surplus assets 25–50% (LLP, as trust), Appoints members (LLP, as trust) | 2016-04-06 | Active |
Filing timeline
Last 20 of 45 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-12 | LLAA01 | accounts | Change account reference date limited liability partnership | |
| 2026-01-08 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-29 | AA | accounts | Accounts with accounts type group | |
| 2025-01-03 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-29 | AA | accounts | Accounts with accounts type group | |
| 2024-01-19 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-19 | LLPSC04 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2024-01-19 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2024-01-17 | LLPSC04 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2024-01-17 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2023-11-30 | AA | accounts | Accounts with accounts type group | |
| 2023-10-05 | LLAA01 | accounts | Change account reference date limited liability partnership previous extended | |
| 2023-08-24 | LLAA01 | accounts | Change account reference date limited liability partnership previous shortened | |
| 2023-02-14 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-24 | AA | accounts | Accounts with accounts type group | |
| 2022-11-21 | LLAA01 | accounts | Change account reference date limited liability partnership previous shortened | |
| 2022-01-06 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-19 | AA | accounts | Accounts with accounts type group | |
| 2021-01-26 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-12 | AA | accounts | Accounts with accounts type group |
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.