DRUM DEVELOPMENT GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-14 (in 11mo)
Last made up 2026-03-31
Watchouts
None on the register
Cash
£24M
-10.2% vs 2023
Net assets
£43M
+16.2% vs 2023
Employees
6
0% vs 2023
Profit before tax
£8M
+154.3% vs 2023
Net assets
7-year trend · vs Real Estate median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £42,448,628 | £26,834,194 | |
| Operating profit | — | — | — | — | — | £2,638,797 | £7,027,787 | |
| Profit before tax | — | — | — | — | — | £3,246,922 | £8,257,874 | |
| Net profit | — | £7,308,205 | — | £5,183,487 | — | £2,291,027 | £6,028,364 | |
| Cash | — | £13,376,421 | — | £32,901,025 | — | £26,459,202 | £23,770,119 | |
| Total assets less current liabilities | — | £46,645,892 | — | £51,916,745 | — | £37,496,953 | £43,525,452 | |
| Net assets | — | £29,847,811 | — | — | — | £37,236,836 | £43,265,200 | |
| Equity | £22,539,606 | £29,847,811 | £29,847,811 | £35,031,298 | £35,031,298 | £37,236,836 | £43,265,200 | |
| Average employees | — | 0 | — | 5 | — | 6 | 6 | |
| 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-36.8%
£42,448,628 £26,834,194
-
Cash
-10.2%
£26,459,202 £23,770,119
-
Net assets
+16.2%
£37,236,836 £43,265,200
highest in 3 filed years
-
Employees
0%
6 6
-
Operating profit
+166.3%
£2,638,797 £7,027,787
-
Profit before tax
+154.3%
£3,246,922 £8,257,874
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 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 6.2% | 26.2% | |
| Net margin | — | — | — | — | — | 5.4% | 22.5% | |
| Return on capital employed | — | — | — | — | — | 7.0% | 16.1% | |
| Current ratio | — | — | — | — | — | 6.68x | 7.97x | |
| Interest cover | — | — | — | — | — | 10.37x | 60.83x |
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 3 times since incorporation
- DRUM DEVELOPMENT GROUP LIMITED 2015-05-12 → present
- ISANDCO 258 LIMITED 2013-11-19 → 2015-05-12
- THE DEESIDE WATER COMPANY LIMITED 1995-05-15 → 2013-11-19
- ISANDCO TWO HUNDRED AND FIFTY EIGHTY LIMITED 1994-04-19 → 1995-05-15
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors, having made due and careful enquiry, are of the opinion that the Group and Company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the Group and Company has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- DRUM DEVELOPMENT GROUP LIMITED · parent
- Drum Capital Projects Limited 100%
- Thistlestone Limited 100%
- Drum (G3 Square) Limited 100%
- Drum Buchanan Wharf 1 Limited 100%
- Drum Buchanan Wharf 2 Limited 100%
- Drum Buchanan Wharf 4 Limited 100%
- Drum Buchanan Wharf 5 Limited 100%
- GM Mackenzie Limited 100%
- CAMVO 123 Limited 100%
- Drum Candleriggs Limited 100%
- Drum (Minerva Way) Limited 100%
- Drum (Leeds) Ltd 100%
- Washington St Limited 100%
- Drum Manchester Limited 100%
- Geotricity Limited 100%
- Drum Capital Projects (Port Hamilton) Limited 100%
Significant events
- “During the financial year, the Group successfully delivered another residential development for the institutional private rented sector in Edinburgh and achieved planning consent for major new schemes in both Glasgow and Leeds.”
- “In collaboration with national and local government, alongside community and infrastructure stakeholders, the Group also secured consent for a transformational, residential-led development on its strategic landholding to the west of Edinburgh.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRODIES SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2015-08-26 | — | — |
| BONE, Graeme Morrison | Director | 2003-01-01 | Sep 1969 | British |
| OAG, Stuart Charles | Director | 2015-09-21 | Dec 1972 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| IAIN SMITH & COMPANY | Corporate Nominee Secretary | 1994-04-19 | 2007-11-07 |
| MACLAY MURRAY & SPENS LLP | Corporate Secretary | 2007-11-07 | 2015-05-12 |
| HOBKIRK, Colin Gordon | Director | 1994-04-19 | 1995-01-30 |
| MACKAY, Hugh James | Director | 1996-01-01 | 2013-01-02 |
| SIMPSON, George Alexander | Director | 1995-01-31 | 2013-10-31 |
| SIMPSON, Martin John | Director | 1995-01-31 | 2013-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Graeme Morrison Bone | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 141 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-26 | AA | accounts | Accounts with accounts type group | |
| 2025-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-26 | AA | accounts | Accounts with accounts type group | |
| 2024-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type group | |
| 2023-04-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-10 | AA | accounts | Accounts with accounts type group | |
| 2022-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-21 | CH04 | officers | Change corporate secretary company with change date | |
| 2021-10-04 | AA | accounts | Accounts with accounts type group | |
| 2021-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-24 | AA | accounts | Accounts with accounts type group | |
| 2020-04-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-01-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2019-09-26 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-07-30 | RP04CS01 | miscellaneous | Legacy | |
| 2019-07-30 | RP04CS01 | miscellaneous | Legacy | |
| 2019-07-30 | RP04CS01 | miscellaneous | Legacy | |
| 2019-07-30 | RP04AR01 | annual-return | Second filing of annual return with made up date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.