MCCARTHY & STONE (DEVELOPMENTS) LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-10-31
Confirmation statement due
2027-05-19 (in 1y)
Last made up 2026-05-05
Watchouts
Cash
£100K
-50% vs 2023
Net assets
£328M
-3.6% vs 2023
Employees
107
+2.9% vs 2023
Profit before tax
-£2M
+84.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 1 time since incorporation
- MCCARTHY & STONE (DEVELOPMENTS) LIMITED 2009-04-24 → present
- HACKREMCO (NO.2580) LIMITED 2008-06-17 → 2009-04-24
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-10-31
| Metric | Trend | 2023-10-31 | 2024-10-31 |
|---|---|---|---|
| Turnover | £14,200,000 | £24,100,000 | |
| Operating profit | -£15,200,000 | -£2,700,000 | |
| Profit before tax | -£15,000,000 | -£2,300,000 | |
| Net profit | -£15,200,000 | -£12,400,000 | |
| Cash | £200,000 | £100,000 | |
| Total assets less current liabilities | £565,000,000 | £552,700,000 | |
| Net assets | £340,500,000 | £328,200,000 | |
| Equity | £340,500,000 | £328,200,000 | |
| Average employees | 104 | 107 | |
| Wages | £11,900,000 | £8,400,000 |
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 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|
| Operating margin | -107.0% | -11.2% | |
| Net margin | -107.0% | -51.5% | |
| Return on capital employed | -2.7% | -0.5% | |
| Gearing (liabilities / total assets) | 45.4% | 49.0% | |
| Current ratio | 4.88x | 3.39x | |
| Interest cover | -0.97x | -0.17x |
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)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has obtained a parental letter of support from Mastiff Bidco Limited which covers the period through to 30 April 2026. The letter confirms that the Group will continue to support the trading activities of the Company and assist in meeting its liabilities as and when they fall due... The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. As a result of the above considerations, the Directors consider that the Group has adequate resources in place from the date of the approval of these financial statements through to 30 April 2026 and have therefore adopted the going concern basis of accounting in preparing the financial statements.”
Group structure
- MCCARTHY & STONE (DEVELOPMENTS) LIMITED · parent
- McCarthy & Stone Retirement Lifestyles Limited 100%
- McCarthy & Stone (Equity Interests) Limited 100%
- McCarthy & Stone (Home Equity Interests) Limited 100%
- McCarthy & Stone Investment Properties No. 23 100%
- McCarthy & Stone (Total Care Living) Limited 100%
- McCarthy & Stone (Extra Care Living) Limited 100%
- McCarthy & Stone Rental Properties Limited 100%
- McCarthy & Stone Rental Properties No. 2 Limited 100%
- McCarthy & Stone Rental Properties No. 3 Limited 100%
- McCarthy & Stone Rental Properties No. 4 Limited 100%
- McCarthy & Stone Shared Ownership Limited 100%
- McCarthy & Stone Total Care Management Limited 100%
- McCarthy & Stone Management Services Limited 100%
- McCarthy & Stone Lifestyle Services Limited 100%
- Waverstone LLP 100%
- Waverstone Investments Holdings Limited 100%
- Waverstone Investments Limited 100%
- Keyworker Properties Limited 100%
- YourLife Management Services Limited 100%
- The Planning Bureau Limited 100%
- McCarthy & Stone Resales Limited 100%
- Kindle Housing Limited 50%
- Advantage Apartments Limited 50%
- Advantage Housing Limited 50%
- Advantage Homes Limited 50%
- Hotchkin Gardens Residents Management Company Limited 100%
- Strawberry Hill Gardens Residents Management Company Limited 100%
Significant events
- “strategic business review and restructuring (2023: £8.6m) concluded with the announcement on 30 October 2024 that the Group would be transformed from a divisionally-led to a functionally led business.”
- “On 27 January 2025, the Company's interest-bearing related party loans of £224.5m shown within notes 12 and 15 were amended to extend the repayment date to May 2030.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURRETT, Andrew John | Director | 2025-10-01 | Aug 1970 | British |
| DELL, Nicholas John | Director | 2022-04-01 | Apr 1960 | British |
| PRATT, Matthew John | Director | 2026-01-05 | Jul 1975 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, John | Secretary | 2012-08-23 | 2014-07-07 |
| GREEN, Trevor Lindsay | Secretary | 2009-04-20 | 2012-08-23 |
| HOLE, Patrick David | Secretary | 2015-07-20 | 2019-12-06 |
| MADDOCK, Nicholas William | Secretary | 2014-07-07 | 2015-07-20 |
| HACKWOOD SECRETARIES LIMITED | Corporate Secretary | 2008-06-17 | 2009-04-20 |
| ABELL, Martin James | Director | 2020-08-01 | 2024-05-01 |
| ALBERT, Nils | Director | 2013-10-09 | 2015-10-21 |
| BAKER, Rowan Clare | Director | 2017-01-06 | 2020-07-31 |
| BALL, Michael David | Director | 2009-04-20 | 2011-09-02 |
| BATTY, Adam David | Director | 2020-01-20 | 2021-05-28 |
| BENNETT, Joanne Clare | Director | 2024-05-01 | 2025-08-29 |
| BOWKETT, Alan John | Director | 2010-01-26 | 2013-02-28 |
| ELLIOTT, Mark | Director | 2012-11-02 | 2014-02-17 |
| FENTON, Clive | Director | 2014-02-17 | 2018-08-31 |
| JACKSON, Mark Andrew | Director | 2008-10-01 | 2009-02-09 |
| JENSEN, Jeremy Michael Jorgen Malherbe | Director | 2009-04-23 | 2013-12-31 |
| LESTER, Paul John | Director | 2025-09-09 | 2025-11-28 |
| LLOYD, Michael Samuel | Director | 2019-01-16 | 2021-06-04 |
| MADDOCK, Nicholas William | Director | 2011-09-19 | 2017-01-06 |
| NANDA, Geeta | Director | 2015-04-01 | 2015-11-05 |
| NELSON, Francis Eamon | Director | 2013-11-18 | 2015-11-05 |
| NEWCOMBE, Paul Alan | Director | 2009-02-09 | 2009-04-20 |
| PARSONS, Michael Dennis | Director | 2013-11-04 | 2015-11-05 |
| PHILLIPS, Howard Peter Stewart | Director | 2009-04-20 | 2012-08-31 |
| TONKISS, John Michael | Director | 2015-11-05 | 2025-11-28 |
| TURNER, Nigel Alan, Mr. | Director | 2019-01-16 | 2020-07-15 |
| WHITE, John | Director | 2013-09-23 | 2015-11-05 |
| HACKWOOD DIRECTORS LIMITED | Corporate Nominee Director | 2008-06-17 | 2009-02-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr John Patrick Grayken | Individual | Significant influence | 2021-01-28 | Active |
| Mccarthy & Stone Limited | Corporate entity | Shares 75–100%, Voting 75–100%, voting-rights-75-to-100-percent-as-firm, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 142 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-20 | AA | accounts | Accounts with accounts type full | |
| 2025-05-15 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-06 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-24 | AA | accounts | Accounts with accounts type full | |
| 2024-06-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-13 | AA | accounts | Accounts with accounts type full | |
| 2023-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-30 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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 2024-10-31 vs 2023-10-31
-
Turnover
+69.7%
£14,200,000 £24,100,000
-
Cash
-50%
£200,000 £100,000
-
Net assets
-3.6%
£340,500,000 £328,200,000
-
Employees
+2.9%
104 107
-
Operating profit
+82.2%
-£15,200,000 -£2,700,000
-
Profit before tax
+84.7%
-£15,000,000 -£2,300,000
-
Wages
-29.4%
£11,900,000 £8,400,000
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