CROUDACE HOMES GROUP LIMITED

1. CROUDACE HOMES GROUP LIMITED 2006-11-10 → present
2. CROUDACE GROUP LIMITED 2002-05-30 → 2006-11-10
3. HACKREMCO (NO.1919) LIMITED 2002-02-13 → 2002-05-30

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

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have made an assessment of the Group'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 Group 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 GROUP LIMITED · parent
   1. Croudace Homes Limited 100% · Residential development
   2. Croudace Strategic Limited 100% · Dormant
   3. Croudace Portland Limited 100% · Dormant
   4. Goffs Land Limited 95% · Residential development
   5. Croudace Partnerships Limited 100% · Dormant
   6. Croudace Limited 100% · Dormant
   7. Croudace Land Holdings Limited 100% · Dormant
   8. Croudace (Church Langley) Limited 100% · Dormant
   9. Brenthall Park (Two) Limited 100% · Dormant
   10. Rusper Cabins Limited 100% · Dormant
   11. Savage Investments Limited 100% · Dormant
   12. Cromay Limited 100% · Dormant
   13. Charterham Limited 100% · Dormant
   14. C.D.C. (Tothill Street) Limited 100% · Dormant
   15. White House Business Investments Limited 100% · Dormant

Significant events

• “The UK economy struggled with GDP figures just remaining positive throughout 2024. With the drop in the last quarter of 2023, it meant that the UK met the technical definition of a recession.”
• “Interest rates started the year at a 15 year high of 5.25% and with inflation remaining above 2% the Bank of England held their nerve during the year. The anticipated drops finally came in the second half, with two drops of 0.25%, and interest rates ending at 4.75%.”
• “With the surprise early General Election called on the 4th of July 2024, we saw a change of government. The outcome was as many predicted, with a resounding victory for Labour, with a majority of 172.”
• “We were delighted, therefore, to have our efforts rewarded with our 13th consecutive 5-star award in the latest National New Homes Customer Satisfaction Survey.”
• “The launch of The Green Collection has been well received with support being provided by not only NHBC for approvals and warranty cover but also The Future Homes Hub.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

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

  -21.6%

  £14,913,000 → £11,693,000

• Net assets

  -10.3%

  £200,244,000 → £179,582,000

• Employees

  -2.7%

  296 → 288

• Operating profit

  -221.7%

  £13,914,000 → -£16,931,000

• Profit before tax

  -461.7%

  £6,335,000 → -£22,915,000

• 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