PLACEFIRST LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-18 (in 7mo)
Last made up 2025-12-04
Watchouts
None on the register
Cash
£10M
+196.9% vs 2023
Net assets
£7M
-44.4% vs 2023
Employees
73
0% vs 2023
Profit before tax
-£6M
+61.8% vs 2023
Name history
Renamed 1 time since incorporation
- PLACEFIRST LIMITED 2010-01-11 → present
- GDCO 79 LIMITED 2009-11-10 → 2010-01-11
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £12,359,470 | £8,617,150 | |
| Operating profit | £2,733,955 | -£913,993 | |
| Profit before tax | -£16,846,653 | -£6,430,563 | |
| Net profit | £1,015,046 | -£5,920,198 | |
| Cash | £3,233,204 | £9,600,119 | |
| Total assets less current liabilities | £256,414,932 | £333,397,525 | |
| Net assets | £13,342,156 | £7,421,958 | |
| Equity | £13,342,156 | £7,421,958 | |
| Average employees | 73 | 73 | |
| Wages | £3,876,668 | £5,032,028 |
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 | 22.1% | -10.6% | |
| Net margin | 8.2% | -68.7% | |
| Return on capital employed | 1.1% | -0.3% | |
| Gearing (liabilities / total assets) | 95.1% | 97.9% | |
| Current ratio | 6.52x | 6.88x | |
| Interest cover | 0.17x | -0.05x |
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
- Consolidated group
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group incurred a loss for the year of £5.9 million and had net current liabilities (excluding deposits) of £3.1 million as at the year end date. The financial statements have been prepared on a going concern basis. The directors have considered the future cash requirements of the business and believe that the current facilities in place for the Group... are sufficient to support the working capital requirements of the business and the investment proposals. The Group has received confirmation from PF Finco S.A.R.L. that it intends to continue to provide access to the cornerstone finance facility for at least 12 months from the date of approval of the financial statements.”
Group structure
- PLACEFIRST LIMITED · parent
- Placefirst Construction Limited 100%
- Chatsworth Gardens SPV Limited 100%
- Chatsworth Gardens 2 SPV Limited 100%
- Central Street SPV Limited 100%
- Clarence Road SPV Limited 100%
- Union Mill Street Wolverhampton SPV Limited 100%
- Ridding Road Durham SPV Limited 100%
- Benwell Lane Newcastle SPV Ltd 100%
- Placefirst Architects Limited 92.5%
- Revive Real Estate SPV Limited 100%
- Cow Green Halifax SPV Limited 100%
- Living by Placefirst Limited 100%
- Priors Hall Park Corby SPV Limited 100%
- Madryn Street 3 SPV Limited 100%
- Farringdon Row Sunderland SPV Limited 100%
- Portside Middlesbrough SPV Limited 100%
- Copper Street SPV Limited 100%
- Redruth Mansfield SPV Limited 100%
- Placefirst TopHoldCo Limited 100%
- Aura Real Estate Investments Limited 90%
- Chatsworth Gardens 2 Investment Co Limited 100%
- Clarence Road Investment Co Limited 100%
- Placefirst Holdco Limited 100%
- Lunts Heath Widnes SPV Limited 100%
- Lunts Heath Investment Co Limited 100%
- Aura RE Holdings Limited 90%
- Radial Park SPV Propco Limited 90%
- Radial Park SPV Opco Limited 90%
Significant events
- “During the year 105 homes were completed and 373 homes were sold as described below. During the year 5 subsidiary entities of Placefirst Limited were sold to Matter UK Residential Income REIT Limited. The dates of those sales were: 7 June 2024 - Madryn Street 2 SPV Limited, Easington Lane SPV Limited and Gell & Wimbrick SPV Limited; 13 September 2024 - Bold Street New SPV Limited; 25 October 2024 - Carr Street SPV Limited.”
- “Post year end the Group has completed construction work on 318 homes and entered into new construction agreements for a further 216 homes across sites in Derby and Nottingham.”
- “On 17 June 2025 £100.7m of the bank loans were repaid using funds held as short term deposits, leaving a remaining drawn facility of £16.9m. The remaining balance of short term deposit was released to the Group as free cash.”
- “In September 2025 the cornerstone PF Finco S.A.R.L. facility was increased from £110m to £150m. The other terms of the facility were unchanged.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FORSTER, Craig | Secretary | 2024-09-25 | — | — |
| CHRISTIE, David | Director | 2016-05-18 | Jun 1974 | English |
| SANGHERA, Sanjevan Singh | Director | 2025-04-30 | Jul 1994 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIRD, Joanne | Secretary | 2011-07-22 | 2014-02-19 |
| GODSLAND, Richard James | Secretary | 2019-10-01 | 2021-09-29 |
| HALVERSON, Nichola Louise | Secretary | 2015-09-01 | 2019-09-30 |
| SWIFT, Helen Clare | Secretary | 2014-02-19 | 2015-09-01 |
| GEORGE DAVIES (NOMINEES) LIMITED | Corporate Secretary | 2009-11-10 | 2009-11-23 |
| BAKEWELL, Michael John | Director | 2012-07-06 | 2013-09-19 |
| BERRY, John Patrick | Director | 2012-07-06 | 2013-10-15 |
| BRYERS, Jonathan Ranulph Christian | Director | 2013-09-19 | 2016-05-18 |
| BULL, Nicholas | Director | 2022-01-26 | 2025-04-30 |
| HALVERSON, Nichola Louise | Director | 2016-05-18 | 2021-12-07 |
| HUNT, Richard | Director | 2019-07-17 | 2022-01-26 |
| MARTIN, Peter John | Director | 2015-01-01 | 2019-07-17 |
| MARTYN, Adrian Lavan | Director | 2016-05-18 | 2019-07-17 |
| MAWSON, David | Director | 2020-03-02 | 2026-04-07 |
| NAMIH, Zena Shereen | Director | 2020-03-02 | 2025-04-30 |
| OLIVER, William Alder | Director | 2020-03-02 | 2022-04-29 |
| ROSS, Christopher James | Director | 2009-11-10 | 2009-11-23 |
| ROSS, George William Patrick | Director | 2009-11-23 | 2011-03-17 |
| SMITH MILNE, David | Director | 2009-11-23 | 2019-07-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pf Bidco Limited | Corporate entity | Shares 75–100% | 2016-05-18 | Active |
| Mr David Smith-Milne | Individual | Shares 25–50% | 2016-04-06 | Ceased 2020-09-04 |
Filing timeline
Last 20 of 165 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-06 | AA | accounts | Accounts with accounts type group | |
| 2025-09-10 | CH01 | officers | Change person director company with change date | |
| 2025-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-02 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-16 | AA | accounts | Accounts with accounts type group | |
| 2024-09-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-09-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-17 | AA | accounts | Accounts with accounts type group | |
| 2023-08-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-11 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- 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
-30.3%
£12,359,470 £8,617,150
-
Cash
+196.9%
£3,233,204 £9,600,119
-
Net assets
-44.4%
£13,342,156 £7,421,958
-
Employees
0%
73 73
-
Operating profit
-133.4%
£2,733,955 -£913,993
-
Profit before tax
+61.8%
-£16,846,653 -£6,430,563
-
Wages
+29.8%
£3,876,668 £5,032,028
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