L&Q NEW HOMES LIMITED

1. L&Q NEW HOMES LIMITED 2014-08-07 → present
2. ZEST HOMES LIMITED 2006-05-31 → 2014-08-07
3. TOWER THREE HOMES LIMITED 2006-01-24 → 2006-05-31
4. TOWER THREE HOMES LIMITED 2003-07-10 → 2006-01-24

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing the company's budgets for 2025/26 and the group's medium term financial position as detailed in the 30-year business plan including changes as a result of the current economic climate, the directors are of the opinion that, taking account of severe but plausible downsides, the company has 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

1. L&Q NEW HOMES LIMITED · parent
   1. Barking Riverside Ltd 51%
   2. Academy Central 38%
   3. Acton Gardens 50%
   4. Alie Street 50%
   5. BDW Zest Developments 50%
   6. Chobham Manor 50%
   7. Citroen Garage 50%
   8. Countryside L&Q (North East Chelmsford) 50%
   9. Erith Hills 50%
   10. Fairview L&Q PR 50%
   11. Fulham Wharf 50%
   12. Greater Beaulieu Park 50%
   13. Nine Elms 50%
   14. Oaks Village 50%
   15. Ponton Road 50%
   16. Stepney Way 1 50%
   17. Stepney Way 2 50%
   18. Stepney Way 3 50%
   19. THT & L&Q Developments 50%
   20. Queensland Road 50%

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

2

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

  -51.9%

  £194,185,000 → £93,323,000

• Cash

  -64.8%

  £4,333,000 → £1,525,000

• Net assets

  -17.5%

  £235,208,000 → £194,144,000

• Employees

  —

  Not reported

• Operating profit

  -278.8%

  £14,493,000 → -£25,920,000

• Profit before tax

  -155%

  £33,207,000 → -£18,271,000

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