CUSSINS (NORTH EAST) LIMITED

1. CUSSINS (NORTH EAST) LIMITED 2014-06-02 → present
2. CUSSINS LIMITED 2003-08-29 → 2014-06-02
3. PIC HOMES LIMITED 2001-03-22 → 2003-08-29
4. SANDCO 694 LIMITED 2000-11-09 → 2001-03-22

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

UNW LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “The renewal of our £11 million revolving credit facility and £3 million overdraft with Lloyds Bank plc in April 2025 provides additional capacity to invest in our high-quality land pipeline while offering the potential for strong growth and increasing returns in the future.”
• “During the year, the business secured its first legal completions at Debdon Falls, Rothbury, Northumberland and at Eccleston Park, Backworth, North Tyneside. We have also commenced development at Sycamore Place, Barrasford, Northumberland, a high-quality development that aligns well with our strategy of expanding our active footprint across prime residential areas within the region.”
• “Initial sales at Holborn Riverside, South Shields, have been exceptionally strong, with all homes in the first phase sold well in advance of expectations. As we prepare for the 100-home second phase in early 2026, the project continues to serve as a flagship for our team's creative, technical and delivery capabilities.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +11.1%

  £29,030,664 → £32,262,813

• Cash

  +19.9%

  £384,904 → £461,646

• Net assets

  -5.6%

  £14,068,919 → £13,286,962

• Employees

  -3.2%

  63 → 61

• Operating profit

  -3.1%

  £2,144,537 → £2,078,064

• Profit before tax

  -20.3%

  £1,755,102 → £1,398,643

• Wages

  -3.4%

  £3,722,534 → £3,594,892

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