WESTFIELD EUROPE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-21 (in 6mo)
Last made up 2025-11-07
Watchouts
Cash
£21M
+21% vs 2023
Net assets
£117M
+152.9% vs 2023
Employees
240
-3.6% vs 2023
Profit before tax
£50M
+1,240.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 2 times since incorporation
- WESTFIELD EUROPE LIMITED 2014-07-14 → present
- WESTFIELD SHOPPINGTOWNS LIMITED 2000-02-25 → 2014-07-14
- SHELFCO (NO.1819) LIMITED 2000-01-24 → 2000-02-25
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £150,627,000 | £206,975,000 | |
| Operating profit | -£5,473,000 | £28,409,000 | |
| Profit before tax | £3,708,000 | £49,711,000 | |
| Net profit | -£6,172,000 | £28,072,000 | |
| Cash | £17,411,000 | £21,074,000 | |
| Total assets less current liabilities | £866,246,000 | £621,782,000 | |
| Net assets | -£220,625,000 | £116,686,000 | |
| Equity | -£220,625,000 | £116,686,000 | |
| Average employees | 249 | 240 | |
| Wages | £27,622,000 | £26,285,000 |
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 | -3.6% | 13.7% | |
| Net margin | -4.1% | 13.6% | |
| Return on capital employed | -0.6% | 4.6% | |
| Gearing (liabilities / total assets) | 119.7% | 89.5% | |
| Current ratio | 4.09x | 2.11x | |
| Interest cover | -0.17x | 0.82x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are confident that the Group and the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis”
Group structure
- WESTFIELD EUROPE LIMITED · parent
- Westfield Italy Operations Limited 100%
- Westfield Milan Management Services Srl 75%
- Westfield UK Property Development Limited 100%
- White City (Shepherds Bush) General Partner Limited 100%
- Westfield Europe Development Limited 100%
- Westfield White City LP Limited 100%
- Westfield Europe Investments Limited 100%
- Westfield Croydon Holdings (No 1) Limited 100%
- Westfield Croydon Holdings (No 2) Limited 100%
- Westfield Croydon Holdings (No 3) Limited 100%
- Westfield Croydon Holdings (No 4) Limited 100%
- URW UK (No 1) General Partner Limited 100%
- URW UK (No 2) General Partner Limited 100%
- The White City (Shepherds Bush) Limited Partnership 100%
- Westfield UK & Europe Finance Plc 100%
- Westfield UK Finance Limited 100%
- Croydon Car Park Limited 100%
- Croydon Management Services Limited 100%
- Croydon (GP1) Limited 100%
- Croydon Jersey Unit Trust 100%
- Croydon (GP2) Limited 100%
- Croydon Limited Partnership 100%
- Whitgift Limited Partnership 100%
- Croydon Property Investments Limited 100%
- Westfield Acquisitions Jersey Unit Trust (No 1) 100%
- Westfield Acquisitions Jersey Unit Trust (No 2) 100%
- Retail Utilities Solutions Limited 100%
- Westfield Milan General Partner Limited 100%
- Westfield Milan Shopping Centre General Partner Limited 100%
- Hammerson Whitgift Investments Limited 100%
- Hammerson Croydon Investments Limited 100%
Significant events
- “On 9 December 2024, the Company's sole shareholder Unibail-Rodamco TH BV subscribed for 151,164,750 ordinary shares of £1 each in the Company for a total consideration of £151,164,750 and further subscribed for 163,913,581 ordinary shares of £1 each in the Company for a total consideration of €195,058,485. The Company also received a dividend of £90,000,000 from its subsidiary, Westfield UK Property Development Limited on the same date.”
- “On 9 December 2024, the Company assigned certain euro denominated loans owing to it by Westfield Italian Holdings Sarl to Unibail-Rodamco-Westfield SE ('URWSE') for a consideration of €97,373,949. The amounts received by the Company were used to repay loans owing to group companies.”
- “During the year the Group, via its subsidiary Westfield UK Property Development Limited, sold land to Unite in the form of a 999-year lease for a total of £61,965,882.”
- “On 9 December 2024, the Company acquired 100% of the issued share capital in Retail Utilities Solutions Limited ('RUSL') for £5,860,286, from another company within the group headed by URWSE.”
- “On 31 March 2025, the Group's intercompany loan receivable of £115 9m and associated accrued interest was settled. The Group used the proceeds of the loan repayment, a £78m drawdown under its revolving credit facilities and £118m of its existing cash reserves to repay the £300m Guaranteed Senior Notes and associated accrued interest.”
- “On 23 October 2025, the Company was appointed asset manager of a shopping centre known as St James Quarter Edinburgh.”
- “On 28 November 2025, URWSE and Unibail-Rodamco TH BV ('URTH') completed a cross-border merger, the effect of which was that shares in the Company held by URTH were transferred to URWSE by universal title, thus URWSE is now the sole shareholder of the Company.”
- “During the year, the Company liquidated its 100% holding in URW UK (No 1) General Partner Limited and URW UK (No 2) General Partner Limited.”
- “The loan from WUKEF of £383,048,092 was unsecured and repayable on demand. This loan was repaid fully during 2024 as part of the WEL recapitalisation exercise.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARCHER, Janice Andrea | Secretary | 2026-01-30 | — | — |
| BEATTIE, Amanda | Director | 2018-07-12 | Dec 1973 | British |
| GILL, Peramdeep Singh | Director | 2026-05-01 | Jun 1975 | British |
| JEAN-PIERRE, Vincent Paul Rene | Director | 2025-02-04 | Dec 1980 | French |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEATTIE, Amanda | Secretary | 2019-10-16 | 2020-04-01 |
| HOUINATO, Gillian Claire | Secretary | 2018-07-12 | 2026-01-16 |
| MERRIFIELD, Thomas David | Secretary | 2018-12-05 | 2019-10-09 |
| SHELLEY, Leon | Secretary | 2006-12-08 | 2018-06-29 |
| EPS SECRETARIES LIMITED | Corporate Secretary | 2000-01-24 | 2006-11-10 |
| ALLEN, Peter Kenneth | Director | 2004-09-30 | 2014-06-27 |
| DESSOLAIN, Michel | Director | 2019-07-31 | 2019-11-22 |
| GUTMAN, Michael Joseph | Director | 2008-10-03 | 2018-06-07 |
| HODES, Jonathan Andrew | Director | 2015-01-12 | 2024-11-28 |
| JOHNS, Stephen Paul | Director | 2000-03-17 | 2004-12-01 |
| LABESSE, Vincent Andre Pierre-Luc | Director | 2024-11-29 | 2025-05-19 |
| MACKRILL, Brian James | Director | 2007-03-01 | 2011-01-01 |
| MILLER, Peter Howard | Director | 2010-12-23 | 2019-07-31 |
| PARSONS, Scott Cameron | Director | 2019-12-10 | 2025-01-27 |
| RENOUX, Samuel Gaetan | Director | 2025-05-19 | 2026-05-01 |
| ROWSELL, Jacinta | Director | 2024-11-29 | 2025-12-11 |
| RUSANOW, Elliott Chaim Aaron | Director | 2014-06-27 | 2018-06-07 |
| RUSANOW, Elliott | Director | 2004-12-01 | 2008-10-03 |
| SHELLEY, Leon | Director | 2015-04-27 | 2018-06-29 |
| SLAVIN, Philip Simon | Director | 2011-01-01 | 2018-11-28 |
| TEPERSON, Marlon David | Director | 2000-03-17 | 2004-09-30 |
| MIKJON LIMITED | Corporate Director | 2000-01-24 | 2000-03-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Unibail-Rodamco-Westfield Se | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-06-07 | Active |
Filing timeline
Last 20 of 169 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-01-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-02 | AA | accounts | Accounts with accounts type group | |
| 2025-12-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-06 | CH01 | officers | Change person director company with change date | |
| 2025-05-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-03 | AA | accounts | Accounts with accounts type full | |
| 2024-12-12 | SH01 | capital | Capital allotment shares | |
| 2024-12-11 | SH01 | capital | Capital allotment shares | |
| 2024-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-05 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 2
- Officers appointed
- 2
- Officers resigned
- 4
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
+37.4%
£150,627,000 £206,975,000
-
Cash
+21%
£17,411,000 £21,074,000
-
Net assets
+152.9%
-£220,625,000 £116,686,000
-
Employees
-3.6%
249 240
-
Operating profit
+619.1%
-£5,473,000 £28,409,000
-
Profit before tax
+1,240.6%
£3,708,000 £49,711,000
-
Wages
-4.8%
£27,622,000 £26,285,000
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