CROUDACE HOMES LIMITED

1. CROUDACE HOMES LIMITED 2004-12-16 → present
2. CROUDACE LIMITED 1964-07-22 → 2004-12-16

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have made an assessment of the Company's ability to continue as a going concern, which included the slow private sales market, difficulties in the affordable housing market, inflation widely expected to temporarily rise slightly again in 2025 and interest rates, whilst down from their peak, still much higher than rates seen over the past fifteen years, coupled with the Group's cash resources and borrowing facilities. As at the date of approval of these financial statements, the Group has cash at bank in excess of £6m and £54m of undrawn funds on the Revolving Credit Facility. The Directors have concluded that the Company has adequate resources to enable it to pay its debts as they fall due for the foreseeable future and thus have prepared the financial statements on the going concern basis.”

Group structure

1. CROUDACE HOMES LIMITED · parent
   1. Charterham Limited 100% · Dormant
   2. Cromay Limited 100% · Dormant
   3. Croudace Land Holdings Limited 100% · Dormant
   4. Croudace (Church Langley) Limited 100% · Dormant
   5. Brenthall Park (Two) Limited 100% · Dormant
   6. C.D.C. (Tothill Street) Limited 100% · Dormant
   7. Rusper Cabins Limited 100% · Dormant
   8. White House Business Investments Limited 100% · Dormant
   9. Goffs Land Limited 95% · Residential development

Significant events

• “During 2024, a total of 39 accidents were recorded, comprising 37 minor incidents and 2 reportable accidents (one where the injured party was absent from work for more than seven days). In overall terms, the number of accidents was higher than that observed during 2023, matched by a corresponding increase in our accident rate (2024: 47 incidents per 1000 workers; 2023: 36 incidents per 1000 workers). Fortunately, the vast majority of the accidents were of a very minor nature and with no particular patterns of note or concern. Within this context, the increase may be simply attributable to a campaign we ran during the middle of the year to encourage better accident reporting although, needless to say in light of the deterioration in the accident metrics, this is an area where we must continue to be extremely vigilant.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  -16.2%

  £171,959,000 → £144,016,000

• Cash

  -24.6%

  £11,295,000 → £8,522,000

• Net assets

  -12.4%

  £179,108,000 → £156,951,000

• Employees

  -2.7%

  296 → 288

• Operating profit

  -240.7%

  £12,328,000 → -£17,342,000

• Profit before tax

  -363.7%

  £9,275,000 → -£24,459,000

• Wages

  -18.3%

  £17,560,000 → £14,348,000

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