MSC PROPERTY INTERMEDIATE HOLDINGS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-20 (in 4mo)
Last made up 2025-09-06
Watchouts
Cash
£68M
Latest balance sheet
Net assets
£206M
Equity attributable
Employees
—
Average over period
Profit before tax
£69M
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- MSC PROPERTY INTERMEDIATE HOLDINGS LIMITED 2002-07-03 → present
- MSC PROPERTY HOLDINGS LIMITED 2001-08-24 → 2002-07-03
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £91,958,403 | £89,237,477 | |
| Operating profit | £65,851,276 | £57,641,443 | |
| Profit before tax | £28,033,238 | £69,041,626 | |
| Net profit | £24,007,928 | £67,397,087 | |
| Cash | £58,943,668 | £68,252,080 | |
| Total assets less current liabilities | £97,509,427 | £577,820,535 | |
| Net assets | -£310,320,215 | £205,593,091 | |
| Equity | -£310,320,215 | £205,593,091 | |
| 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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 71.6% | 64.6% | |
| Net margin | 26.1% | 75.5% | |
| Return on capital employed | 67.5% | 10.0% | |
| Gearing (liabilities / total assets) | 138.2% | 75.8% | |
| Current ratio | 0.11x | 0.27x | |
| Interest cover | 0.88x | 1.71x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Considering all of the above factors, the Directors have a reasonable expectation that the MSC Group and Company have adequate resources to continue their operations for at least twelve months after the signing of these financial statements and as a result they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- MSC PROPERTY INTERMEDIATE HOLDINGS LIMITED · parent
- MSC (Cash Management) Limited 100%
- Meadowhall (MLP) Limited 100%
- Meadowhall Contracts Limited* 100%
- Meadowhall GP Limited 100%
- Meadowhall Finance PLC 100%
- Meadowhall Holdco Limited 100%
- Meadowhall Subco Limited 100%
- Meadowhall Nominee 1 Limited 100%
- Meadowhall Nominee 2 Limited 100%
- MSC Developer Company Limited* 100%
- Meadowhall Shopping Centre Property Holdings Limited* 100%
- Meadowhall Shopping Centre Limited 100%
Significant events
- “Following the exchange and completion of contracts on 12 July 2024 for the sale of The British Land Company's 50% shareholding in MSC Property Intermediate Holdings Limited to NBIM Victoria GP Limited, the Company now operates as a constituent of the Norges Bank Group of companies.”
- “Another key decision made by the Board was to agree a repayment of the 10% shareholder loan outstanding for £459,711,764. This was funded by a share capitalisation of £450,951,761 plus surplus cash of £8,760,000 and was effective from 26th April 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 53 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRITISH LAND COMPANY SECRETARIAL LIMITED | Corporate Secretary | 2016-12-06 | — | — |
| DOLE-WASILKA, Martin | Director | 2026-02-23 | Aug 1987 | British |
| PATEL, Jayesh | Director | 2015-12-24 | Apr 1980 | British |
| TEELING, Andrew | Director | 2024-07-12 | Jun 1985 | American |
Show 53 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRAINE, Anthony | Secretary | 2009-02-11 | 2014-07-31 |
| BRAINE, Anthony | Secretary | 2001-08-31 | 2003-04-10 |
| EKPO, Ndiana | Secretary | 2014-08-01 | 2016-12-06 |
| SCUDAMORE, Rebecca Jane | Secretary | 2003-04-10 | 2009-02-11 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2001-08-24 | 2001-08-31 |
| BARBER, Claire Ann | Director | 2014-04-25 | 2019-11-29 |
| BELL, Lucinda Margaret | Director | 2002-02-26 | 2009-02-04 |
| BISHOP, Jeremy | Director | 2009-04-08 | 2012-10-06 |
| BOWDEN, Robert Edward | Director | 2001-08-31 | 2007-12-31 |
| BRAINE, Anthony | Director | 2002-02-26 | 2009-02-04 |
| BROOKES, Jonathan Peter Anthony | Director | 2019-11-29 | 2024-07-12 |
| CARTER, Simon Geoffrey | Director | 2012-10-17 | 2014-04-09 |
| CARTER, Simon Geoffrey | Director | 2010-09-08 | 2012-10-06 |
| CASE, Paul | Director | 2017-12-04 | 2024-07-12 |
| CLARKE, Peter Courtenay | Director | 2002-02-26 | 2009-02-04 |
| DILLON, Marion Justine | Director | 2009-11-06 | 2010-09-08 |
| DUZNIAK, Jadzia Zofia | Director | 2009-04-08 | 2012-10-06 |
| FORD, Richard Julian | Director | 2014-03-20 | 2017-07-17 |
| FORSHAW, Christopher Michael John | Director | 2012-10-17 | 2017-04-05 |
| FORSHAW, Christopher Michael John | Director | 2009-03-06 | 2012-10-06 |
| GROSE, Benjamin Toby | Director | 2009-11-06 | 2010-09-08 |
| HESTER, Stephen Alan Michael | Director | 2005-01-07 | 2008-11-15 |
| HUERGO, Sebastian | Director | 2012-10-06 | 2014-03-20 |
| JONES, Andrew Marc | Director | 2009-02-04 | 2009-11-06 |
| LITTLE, Stewart Marshall | Director | 2009-02-11 | 2012-10-06 |
| MANFREDI, Giovanni | Director | 2012-10-06 | 2015-12-24 |
| MCGANN, Martin Francis | Director | 2009-02-11 | 2012-10-06 |
| METLISS, Cyril | Director | 2001-08-31 | 2006-07-14 |
| MOULD, Harold Raymond | Director | 2009-02-11 | 2012-10-06 |
| PEEL, Robert | Director | 2019-06-10 | 2024-12-31 |
| PEEL, Robert | Director | 2019-04-04 | 2019-04-05 |
| PEEL, Robert | Director | 2017-12-04 | 2017-12-05 |
| RICHARDS, Darren Windsor | Director | 2012-10-06 | 2014-04-25 |
| RITBLAT, John, Sir | Director | 2001-10-08 | 2006-12-31 |
| RITBLAT, Nicholas Simon Jonathan | Director | 2001-08-31 | 2005-08-31 |
| ROBERTS, Graham Charles | Director | 2002-02-26 | 2009-02-04 |
| ROBERTS, Timothy Andrew | Director | 2009-11-06 | 2012-10-06 |
| ROBERTS, Timothy Andrew | Director | 2009-04-08 | 2009-11-06 |
| SHAH, Hursh | Director | 2019-11-29 | 2024-07-12 |
| SHAH, Hursh | Director | 2014-04-25 | 2019-11-29 |
| SJOSTEN NORTHEY, Louise | Director | 2024-12-31 | 2025-12-18 |
| SMITH, Andrew David | Director | 2009-02-04 | 2014-04-09 |
| SMITH, Stephen Paul | Director | 2010-09-08 | 2012-10-06 |
| STIRLING, Mark Andrew | Director | 2009-02-04 | 2009-11-06 |
| STRYSSE, Egil | Director | 2017-07-17 | 2019-06-10 |
| VAUGHAN, Patrick Lionel | Director | 2009-04-08 | 2012-10-06 |
| WEBB, Nigel Mark | Director | 2009-04-08 | 2012-10-17 |
| WESTON SMITH, John Harry | Director | 2001-08-31 | 2006-07-14 |
| WISE, Richard John | Director | 2014-04-25 | 2017-12-04 |
| FORT STREET NOMINEES LIMITED | Corporate Director | 2001-08-24 | 2001-08-31 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2001-08-24 | 2001-08-31 |
| JORDAN NOMINEES (I.O.M.) LIMITED | Corporate Director | 2001-08-24 | 2001-08-31 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Director | 2001-08-24 | 2001-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The British Land Company Plc | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-07-12 |
| Nbim Victoria Gp Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 288 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-29 | AA | accounts | Accounts with accounts type group | |
| 2025-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-28 | CH01 | officers | Change person director company with change date | |
| 2025-01-29 | CH01 | officers | Change person director company with change date | |
| 2025-01-28 | CH01 | officers | Change person director company with change date | |
| 2025-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-19 | CH01 | officers | Change person director company with change date | |
| 2024-08-14 | CH01 | officers | Change person director company with change date | |
| 2024-07-23 | AA | accounts | Accounts with accounts type group | |
| 2024-07-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-24 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 1
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31