FOLGATE ESTATES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-14 (in 8mo)
Last made up 2025-12-31
Watchouts
None on the register
Cash
£25M
-8% vs 2023
Net assets
£286M
+10.9% vs 2023
Employees
—
Average over period
Profit before tax
£37M
+69.1% vs 2023
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £11,380,329 | £14,204,392 | |
| Operating profit | £20,503,437 | £35,490,846 | |
| Profit before tax | £21,679,769 | £36,655,656 | |
| Net profit | £16,518,963 | £32,207,048 | |
| Cash | £26,968,561 | £24,814,900 | |
| Total assets less current liabilities | £302,648,209 | £332,523,357 | |
| Net assets | £258,013,685 | £286,009,733 | |
| Equity | £258,013,685 | £286,009,733 | |
| Average employees | — | — | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 180.2% | 249.9% | |
| Net margin | 145.2% | 226.7% | |
| Return on capital employed | 6.8% | 10.7% | |
| Current ratio | 5.02x | 6.53x | |
| Interest cover | — | 24646.42x |
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
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group had £24.8m cash at year end. Directors considered inflation, interest rates, expenditure and cost of living. Cashflow forecasts are updated. Group has adequate resources to continue operations until 31 Dec 2026, even in extreme downside scenarios (e.g., no rental income for 20 months). Directors confirm going concern.”
Group structure
- FOLGATE ESTATES LIMITED · parent
- Folgate (Highbury Crescent) Limited 100%
- Islington Central Limited 100%
- Islington Central Investments Limited 100%
- Modern Motors (Shoreditch) Limited 100%
- Folgate (Paul Street) Limited 100%
- Paul Street (Residential) Limited 100%
- Paul Street (Commercial) Limited 100%
- KTR Carwash Project Limited 100%
- Folgate Property Holdings Limited 100%
- Hemel 3CT Limited 100%
Significant events
- “An interim dividend of £1,500,000 has been declared in February 2025 for the year ended 31 December 2024. The Company acquired a new property in March 2025, adding £4m to the portfolio value.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MURPHY, John Patrick | Secretary | 2013-05-01 | — | British |
| BROSNAHAN, Paul | Director | 2006-07-27 | Jul 1951 | Irish |
| LODGE, Deborah | Director | 2016-07-06 | Dec 1968 | British |
| MARA, Clare Patricia | Director | 2016-07-06 | Mar 1975 | Irish |
| MURPHY, James Alexander | Director | 2016-07-06 | Oct 1984 | Irish |
| MURPHY, Karina Duarte Corware, Dr | Director | 2018-02-16 | Jul 1984 | British |
| WILSON, Andrew Luis | Director | 2014-04-23 | Jun 1954 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MOTEN, William Paul | Secretary | 2000-04-12 | 2012-01-10 |
| O'CONNELL, Michael | Secretary | — | 2000-04-12 |
| ABOGADO NOMINEES LIMITED | Corporate Secretary | 2011-01-24 | 2013-12-16 |
| BEHAN, Matthew | Director | 2012-06-01 | 2015-12-31 |
| KENNY, Patrick | Director | 1992-01-13 | 1992-11-12 |
| MOTEN, William Paul | Director | 1993-04-08 | 2012-01-10 |
| MURPHY, Bernard Joseph | Director | 2011-01-24 | 2019-03-31 |
| MURPHY, Eamonn | Director | — | 2008-05-31 |
| MURPHY, John | Director | — | 2009-05-07 |
| MURPHY, Karina Duarte Corware, Dr | Director | 2018-01-30 | 2018-02-16 |
| MURPHY, Kathleen | Director | 2016-07-06 | 2023-07-31 |
| MURPHY, Kathleen | Director | 2004-07-22 | 2004-12-20 |
| O'CONNELL, Michael | Director | — | 2009-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Folgate Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-05-16 | Active |
Filing timeline
Last 20 of 189 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-02-10 MA Memorandum articles
- 2023-02-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-24 | AA | accounts | Accounts with accounts type full | |
| 2025-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-16 | AA | accounts | Accounts with accounts type full | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-22 | AA | accounts | Accounts with accounts type full | |
| 2023-02-10 | MA | incorporation | Memorandum articles | |
| 2023-02-10 | RESOLUTIONS | resolution | Resolution | |
| 2023-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-12 | AA | accounts | Accounts with accounts type full | |
| 2022-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-02 | AA | accounts | Accounts with accounts type full | |
| 2021-02-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-25 | AA | accounts | Accounts with accounts type full | |
| 2020-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-06-20 | AA | accounts | Accounts with accounts type full | |
| 2019-04-12 | TM01 | officers | Termination director company with name termination date | |
| 2019-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates |
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+24.8%
£11,380,329 £14,204,392
-
Cash
-8%
£26,968,561 £24,814,900
-
Net assets
+10.9%
£258,013,685 £286,009,733
-
Employees
—
Not reported
-
Operating profit
+73.1%
£20,503,437 £35,490,846
-
Profit before tax
+69.1%
£21,679,769 £36,655,656
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