LONDON & ASSOCIATED PROPERTIES PLC

1. LONDON & ASSOCIATED PROPERTIES PLC 1995-12-01 → present
2. LONDON & ASSOCIATED INVESTMENT TRUST PUBLIC LIMITEDCOMPANY 1938-06-25 → 1995-12-01

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

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Kreston Reeves LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having made enquiries and having considered the principal risks facing the Group, including liquidity and solvency risks, and material uncertainties, the Directors have a reasonable expectation that the Group and the Company have adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. LONDON & ASSOCIATED PROPERTIES PLC · parent
   1. Analytical Properties Holdings Limited 100% · England and Wales · Property
   2. Analytical Properties Limited 100% · England and Wales · Property
   3. LAP Ocean Holdings Limited 100% · England and Wales · Property
   4. London & Associated (Rugeley) Limited 100% · England and Wales · Dormant
   5. London & Associated Securities Limited 100% · England and Wales · Investment company
   6. London & Associated Management Services Limited 100% · England and Wales · Property Management Services
   7. Orchard Chambers Residential Limited 100% · England and Wales · Property
   8. Bisichi PLC 41.602% · England and Wales · Coal mining
   9. Mineral Products Limited 100% · England and Wales · Share dealing
   10. Bisichi (Properties) Limited 100% · England and Wales · Property
   11. Bisichi Mining (Exploration) Limited 100% · England and Wales · Holding company
   12. Sisonke Coal Processing (pty) Limited 62.5% · South Africa · Coal processing
   13. Black Wattle Colliery (Pty) Limited 62.5% · South Africa · Coal mining
   14. Bisichi Coal Mining (Pty) Limited 100% · South Africa · Coal mining
   15. Urban First (Northampton) Limited 100% · England and Wales · Dormant
   16. Bisichi Trustee Limited 100% · England and Wales · Property
   17. Bisichi Mining Management Services Limited 100% · England and Wales · Dormant
   18. Ninghi Marketing Limited 90.1% · England and Wales · Dormant
   19. Bisichi Northampton Limited 100% · England and Wales · Property
   20. Amandla Ehtu Mineral Resource Development (Pty) Limited 70% · South Africa · Dormant
   21. Black Wattle Klipfontein (Pty) Limited 62.5% · South Africa · Coal mining
   22. Dragon Retail Properties Limited 50% · England and Wales · Property
   23. West Ealing Projects Limited 50% · England and Wales · Property
   24. Broadway Regen Limited 90% · England and Wales · Property

Significant events

• “At Adlington Court, Warrington, our 25,000 sq ft industrial estate, our largest tenant by rental value who occupied two units went into administration during the year.”
• “Residential development - construction planned to start late 2025.”
• “A planning application submitted in 2022 for 44 flats and 4 town houses was rejected in January 2024 despite being recommended for approval by the planning officer. Our appeal, although we won on design and construction matters, was ultimately unsuccessful and due to the cost and time involved in submitting a new planning application, we have decided not to proceed with the project. The business has since been closed.”
• “In December 2024 a decision was made to cease the residential development in Purely, London following the rejection of our planning application appeal. The company, Development Physics Limited, was subsequently closed and the resulting profit of £50,000 within the consolidated accounts of LAP relates to the release of provisions made in previous years.”
• “An exit fee of £220,000 due to Paragon, the lender to our development in West Ealing, has been incurred and accrued to the balance of the loan. This was disclosed as a contingent liability in 2023.”
• “Black Wattle Colliery (Pty) Ltd is currently involved in a tax dispute in South Africa related to VAT.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +3.3%

  £53,183,000 → £54,917,000

• Cash

  -58.1%

  £6,978,000 → £2,926,000

• Net assets

  +4.6%

  £48,313,000 → £50,559,000

• Employees

  -8.5%

  248 → 227

• Operating profit

  +353.9%

  £1,166,000 → £5,293,000

• Profit before tax

  +226.8%

  -£3,484,000 → £4,419,000

• Wages

  +4.5%

  £7,825,000 → £8,176,000

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