BLUEBUTTON PROPERTIES UK LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-28 (in 4mo)
Last made up 2025-09-14
Watchouts
None on the register
Cash
£158M
-14.1% lowest in 3 filed years
Net assets
£1B
+10.2% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£139M
+172.8% vs 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Turnover | — | £265,000,000 | £239,000,000 | |
| Operating profit | — | £151,000,000 | £180,000,000 | |
| Profit before tax | — | -£191,000,000 | £139,000,000 | |
| Net profit | — | -£191,000,000 | £138,000,000 | |
| Cash | £176,000,000 | £184,000,000 | £158,000,000 | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £1,386,000,000 | £1,298,000,000 | £1,430,000,000 | |
| Equity | £1,386,000,000 | £1,298,000,000 | £1,430,000,000 | |
| Average employees | — | 0 | 0 | |
| 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 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | — | 57.0% | 75.3% | |
| Net margin | — | -72.1% | 57.7% | |
| Current ratio | 0.14x | 0.14x | 0.11x | |
| Interest cover | — | 1.84x | 2.40x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As a consequence of this the Directors feel that the Group and the Company is well placed to manage its financing and other business risks satisfactorily despite the uncertain economic climate, and have a reasonable expectation that the Group and the Company has adequate resources to continue in operation for at least 12 months from the signing date of these financial statements. Accordingly, they believe the going concern basis is an appropriate one.”
Group structure
- BLUEBUTTON PROPERTIES UK LIMITED · parent
- Barstep Limited 100%
- Broadgate (PHC 11) 100%
- Exchange Square Management Limited 65%
- Broadgate Management (Bishopsgate) Limited 75%
- Broadgate South Management Limited 89%
- 201 Bishopsgate Limited 100%
- Broadgate Property Holdings Limited 100%
- Bluebutton (12702) Limited 100%
- Bluebutton Developer Company (2012) 100%
- British Land Broadgate 2005 Limited 100%
- Broadgate (PHC 11) 2005 Limited 100%
- Bluebutton Circle Retail PHC 2013 Limited 100%
- Broadgate (PHC 14) Limited 100%
- Broadgate (PHC 15a) Limited 100%
- Broadgate (PHC 16) 2005 Limited 100%
- Broadgate (PHC 2) Limited 100%
- Broadgate (PHC 3) Limited 100%
- Broadgate (PHC 5) 2005 Limited 100%
- Broadgate (PHC 5) Limited 100%
- Broadgate (PHC 6) 2005 Limited 100%
- Broadgate (PHC 8) 2008 Limited 100%
- Broadgate (PHC 9) Limited 100%
- Broadgate (PHC 7) Limited 100%
- Broadgate (Lending) Limited 100%
- Broadgate PHC 2010 Limited 100%
- Broadgate (Funding) 2005 Limited 100%
- Broadgate Eldon Properties Limited 100%
- Broadgate (Cash Management) Limited 100%
- Estate Management (Brick) Limited 100%
- Broadgate Financing PLC 100%
- PHC 3 Parent Limited 100%
- British Land Broadgate 2005 Limited 100%
- Bluebutton 2FA Limited 100%
Significant events
- “On 24 January 2025, the Group entered into a new 50:50 joint venture arrangement with Modon Holding PSC in relation to a wholly owned development property, 2 Finsbury Avenue.”
- “For the year ended 31 March 2025, the Group recognised a share of the joint venture profit of £22m (including the £17m unrealised gain on disposal of property into the new joint venture) and an investment in joint venture of £232m, including shareholder loans of £223m. The Group received £190m of cash consideration in relation to the sale of the development property to the joint venture (net of transaction costs of £7m).”
- “The term loan of £52m (note 18) is comprised of drawings in relation to the non-current liquidity facility with NatWest Markets PLC, held within Broadgate Financing PLC, which was repaid on 7 July 2025.”
- “On 7 August 2025, the Group entered into new external loan financing, comprising a £450m loan facility on a five-year term, held within Broadgate (PHC 2) Limited, secured on 1 Broadgate.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRITISH LAND COMPANY SECRETARIAL LIMITED | Corporate Secretary | 2016-12-06 | — | — |
| CAHOON, Norman Iain | Director | 2017-02-24 | Jul 1979 | British |
| LOCKYER, David Ian | Director | 2017-02-24 | Sep 1969 | British |
| NOBLETT, Gavin Mark | Director | 2021-10-28 | Feb 1989 | British |
| OGIER, Kelly Marie | Director | 2024-10-18 | Mar 1977 | New Zealander |
| SHAH, Hursh | Director | 2014-02-14 | Oct 1976 | British |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EKPO, Ndiana | Secretary | 2014-02-14 | 2016-12-06 |
| PHILP, Clive James | Secretary | 2009-09-28 | 2014-02-14 |
| AGARWAL, Abhishek | Director | 2011-08-02 | 2014-02-14 |
| BARZYCKI, Sarah Morrell | Director | 2009-09-14 | 2017-02-24 |
| BELL, Lucinda Margaret | Director | 2014-02-14 | 2015-03-25 |
| BINGEL, Peter | Director | 2011-08-02 | 2014-02-14 |
| BINGEL, Peter | Director | 2010-08-06 | 2011-08-02 |
| CARTER, Simon Geoffrey | Director | 2009-09-14 | 2014-02-14 |
| COSGRAVE, Madeleine Elizabeth | Director | 2014-02-14 | 2021-06-16 |
| DAVIES, Simon David Austin | Director | 2009-11-03 | 2011-08-02 |
| DEVANI, Deepa Kewal | Director | 2014-07-15 | 2019-10-24 |
| FORSHAW, Christopher Michael John | Director | 2014-02-14 | 2015-03-25 |
| GRANT, Stuart Morrison | Director | 2009-11-03 | 2010-12-02 |
| HARRIS, Neil Gerrard | Director | 2014-02-14 | 2016-12-21 |
| KHERA, Anil | Director | 2011-08-02 | 2014-02-14 |
| KHERA, Anil | Director | 2010-07-28 | 2011-08-04 |
| LOCK, James | Director | 2011-08-02 | 2014-02-14 |
| LYLE, Adam Nicholas | Director | 2009-11-03 | 2011-08-02 |
| MAWJI-KARIM, Farhad | Director | 2012-01-18 | 2014-02-14 |
| MOORE, Stephen Howard | Director | 2014-02-14 | 2015-03-25 |
| MORRISH, Christopher David | Director | 2014-02-14 | 2014-06-30 |
| NIGAM, Devesh | Director | 2019-10-24 | 2021-10-28 |
| PEGLER, Michael John | Director | 2011-08-02 | 2014-02-14 |
| PEGLER, Michael John | Director | 2009-11-16 | 2011-08-02 |
| PHILP, Clive James | Director | 2009-09-14 | 2009-09-28 |
| PIKE, Chad Rustan | Director | 2011-08-02 | 2012-01-18 |
| RICHARDS, Darren Windsor | Director | 2019-03-31 | 2024-10-18 |
| ROBERTS, Timothy Andrew | Director | 2009-09-14 | 2019-03-31 |
| RUDD, Guy Lukin | Director | 2010-12-02 | 2011-08-02 |
| SHAH, Bindi | Director | 2009-11-04 | 2010-08-06 |
| STROH, Tracy Lynn | Director | 2021-06-16 | 2023-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bl Bluebutton 2023 Limited | Corporate entity | Shares 25–50% | 2023-12-22 | Active |
| Bl Bluebutton 2014 Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2023-12-22 |
| Bl Bluebutton 2014 Limited | Corporate entity | significant-influence-or-control-as-firm | 2016-04-06 | Ceased 2016-04-06 |
| Minister Of Finance | Corporate entity | significant-influence-or-control-as-firm | 2016-04-06 | Ceased 2016-04-06 |
| Bluebutton Properties Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2016-04-06 |
| Minister Of Finance | Legal person | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 131 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-07-04 RESOLUTIONS Resolution
- 2023-07-04 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-17 | CH01 | officers | Change person director company with change date | |
| 2025-12-29 | AA | accounts | Accounts with accounts type group | |
| 2025-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-28 | CH01 | officers | Change person director company with change date | |
| 2024-10-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-13 | AA | accounts | Accounts with accounts type group | |
| 2024-09-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-12-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-10-18 | AA | accounts | Accounts with accounts type group | |
| 2023-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-04 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-04 | MA | incorporation | Memorandum articles | |
| 2023-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-21 | AA | accounts | Accounts with accounts type group | |
| 2022-09-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-16 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
-
Turnover
-9.8%
£265,000,000 £239,000,000
-
Cash
-14.1%
£184,000,000 £158,000,000
lowest in 3 filed years
-
Net assets
+10.2%
£1,298,000,000 £1,430,000,000
highest in 3 filed years
-
Employees
—
Not reported
-
Operating profit
+19.2%
£151,000,000 £180,000,000
-
Profit before tax
+172.8%
-£191,000,000 £139,000,000
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