SPARROW SHARED OWNERSHIP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-31 (in 8mo)
Last made up 2026-01-17
Watchouts
Cash
£13M
-82% vs 2023
Net assets
£343M
+521.2% vs 2023
Employees
7
-22.2% vs 2023
Profit before tax
-£17M
+64% vs 2023
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 5 times since incorporation — the current trading name was adopted 2024-08-12
- SPARROW SHARED OWNERSHIP LIMITED 2024-08-12 → present
- SAGE HOUSING LIMITED 2018-05-10 → 2024-08-12
- SAGE HOUSING ASSOCIATION LIMITED 2017-05-17 → 2018-05-10
- SAGE HOUSING LIMITED 2017-05-09 → 2017-05-17
- 180 HOUSING LTD 2016-06-10 → 2017-05-09
- FERN GATEWAYS LIMITED 2005-06-23 → 2016-06-10
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £217,064,000 | £51,388,000 | |
| Operating profit | £48,200,000 | £19,621,000 | |
| Profit before tax | -£46,576,000 | -£16,749,000 | |
| Net profit | -£61,547,000 | -£16,657,000 | |
| Cash | £71,504,000 | £12,844,000 | |
| Total assets less current liabilities | £1,417,472,000 | £353,050,000 | |
| Net assets | £55,267,000 | £343,321,000 | |
| Equity | £55,267,000 | £343,321,000 | |
| Average employees | 9 | 7 | |
| Wages | £208,000 | £129,000 |
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 | 22.2% | 38.2% | |
| Net margin | -28.4% | -32.4% | |
| Return on capital employed | 3.4% | 5.6% | |
| Gearing (liabilities / total assets) | 96.3% | 4.3% | |
| Current ratio | 3.57x | 3.47x | |
| Interest cover | 0.51x | 0.53x |
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
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors can report that there are no material uncertainties to Sparrow's ability to continue over a period of at least twelve months from the date of approval of the financial statements.”
Significant events
- “2024 marked a pivotal year for Sparrow Shared Ownership Limited as it transitioned to a single-tenure business, focused exclusively on shared ownership homes as it was acquired by USS and left the Sage group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SWEET, Jonathan William Edward | Secretary | 2025-06-13 | — | — |
| AVERY, David Allan | Director | 2024-08-12 | Aug 1961 | British |
| DAVIES, Vivienne Amanda | Director | 2024-08-12 | Sep 1964 | British |
| KHAN, Anita Asif | Director | 2025-07-29 | Apr 1982 | British |
| MORRISON, Neil James | Director | 2026-04-24 | Nov 1973 | British |
| RAY, Eamon Mohan | Director | 2024-08-12 | Nov 1985 | British |
| ROSE, Andrew Martin | Director | 2024-08-12 | Dec 1959 | British |
| WALL, Sarah Alison | Director | 2024-08-12 | Oct 1975 | British |
| WALLBANK, Jonathan Peter | Director | 2024-11-25 | Mar 1971 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FRISBY, Bridget | Secretary | 2018-07-17 | 2024-08-12 |
| ST AIMIE, Mitchell | Secretary | 2005-06-23 | 2013-05-09 |
| SAGE HOUSING GROUP LIMITED | Corporate Secretary | 2024-08-12 | 2025-06-13 |
| BRACE, John | Director | 2018-04-20 | 2024-08-12 |
| COOK, Joseph | Director | 2017-08-08 | 2019-04-26 |
| FREDERICK, Cedric Anthony | Director | 2021-06-21 | 2024-08-12 |
| FULTON, Melissa Fern | Director | 2005-06-23 | 2014-11-13 |
| GODDEN, David Roy | Director | 2019-07-09 | 2024-08-12 |
| KATAKY, Gemma Nandita | Director | 2018-04-20 | 2024-08-12 |
| LLEWELLYN, Gareth Mark | Director | 2021-06-21 | 2024-07-03 |
| LYONS, Michael Thomas, Sir | Director | 2018-09-19 | 2019-04-30 |
| RAMPERSAUD, Cindy Purnamattie | Director | 2021-06-21 | 2024-08-12 |
| REYNOLDS, Richard Christopher | Director | 2017-06-01 | 2018-02-21 |
| ROBERTS, Angela Abena | Director | 2018-03-19 | 2019-11-30 |
| SATER, Roisen Mark | Director | 2021-07-21 | 2024-08-12 |
| ST AIMIE, Mitchell | Director | 2006-10-02 | 2013-05-09 |
| ST.AIMIE, Mitchell | Director | 2013-12-27 | 2017-05-04 |
| TAYLOR, Sydney Engelbert | Director | 2017-05-04 | 2024-08-12 |
| THAIN OBE, Alison Christine | Director | 2018-03-06 | 2024-08-12 |
| TRUSLER, Stephen John | Director | 2019-11-02 | 2020-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Universities Superannuation Scheme Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-08-12 | Active |
| L7 Investment Holdings Gp Limited | Corporate entity | Significant influence | 2024-08-12 | Active |
| Mr Stephen A Schwarzman | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-12-21 | Ceased 2024-08-12 |
| Shoreline Securities Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-05-04 | Ceased 2017-12-21 |
| Mr Mitchell Alva St Aimie | Individual | Shares 25–50% | 2017-01-01 | Ceased 2017-05-04 |
Filing timeline
Last 20 of 736 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-18 | CH01 | officers | Change person director company with change date | |
| 2026-02-18 | CH01 | officers | Change person director company with change date | |
| 2026-02-18 | CH01 | officers | Change person director company with change date | |
| 2026-02-18 | CH01 | officers | Change person director company with change date | |
| 2026-02-18 | CH01 | officers | Change person director company with change date | |
| 2026-02-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-10 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-08-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-26 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-06-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-05-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-06 | AA | accounts | Accounts with accounts type full | |
| 2024-09-11 | SH01 | capital | Capital allotment shares | |
| 2024-08-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-15 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 1
- Officers appointed
- 3
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-76.3%
£217,064,000 £51,388,000
-
Cash
-82%
£71,504,000 £12,844,000
-
Net assets
+521.2%
£55,267,000 £343,321,000
-
Employees
-22.2%
9 7
-
Operating profit
-59.3%
£48,200,000 £19,621,000
-
Profit before tax
+64%
-£46,576,000 -£16,749,000
-
Wages
-38%
£208,000 £129,000
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