LONDON SQUARE DEVELOPMENTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-03 (in 10mo)
Last made up 2026-02-17
Watchouts
Cash
£9M
Latest balance sheet
Net assets
£294M
Equity attributable
Employees
223
Average over period
Profit before tax
-£13M
Period ending 2024-12-31
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 2 times since incorporation
- LONDON SQUARE DEVELOPMENTS LIMITED 2010-05-21 → present
- GC NEWCO 2 LIMITED 2010-04-09 → 2010-05-21
- DE FACTO 1747 LIMITED 2010-02-17 → 2010-04-09
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 | £133,841,000 | £197,932,000 | |
| Operating profit | -£6,448,000 | £915,000 | |
| Profit before tax | -£14,911,000 | -£12,797,000 | |
| Net profit | -£11,689,000 | -£13,375,000 | |
| Cash | £37,887,000 | £8,555,000 | |
| Total assets less current liabilities | £36,728,000 | £581,982,000 | |
| Net assets | £36,240,000 | £294,348,000 | |
| Equity | £36,240,000 | £294,348,000 | |
| Average employees | 178 | 223 | |
| Wages | £16,200,000 | £25,117,000 |
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 | -4.8% | 0.5% | |
| Net margin | -8.7% | -6.8% | |
| Return on capital employed | -17.6% | 0.2% | |
| Gearing (liabilities / total assets) | 91.2% | 62.8% | |
| Current ratio | 1.08x | 3.37x | |
| Interest cover | -0.75x | 0.06x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have conducted a rigorous assessment of the Group's ability to continue in operational existence for the period to 31 December 2026. The assessment considered stress tests to assess resilience to significant build delays, sales performance deterioration, cost increases and revenue reductions. The Group benefits from significant working capital support from Aldar.”
Group structure
- LONDON SQUARE DEVELOPMENTS LIMITED · parent
- London Square (Walton-on-Thames) Holdings Ltd 1%
- London Square (Walton-on-Thames) Ltd 1%
- London Square (Putney) Ltd 1%
- London Square (Living) Ltd 1%
- London Square (West Croydon) Holdings Ltd 1%
- London Square (West Croydon) Ltd 1%
- London Square (Bugsby Way) Holdings Ltd 1%
- London Square DevCo Ltd 1%
- London Square (Crayford) Holdings Ltd 1%
- London Square (Crayford) Ltd 1%
- London Square (Springfield) Holdings Ltd 1%
- London Square (Springfield) Ltd 1%
- Bassetts, Orpington Management Company Ltd 1%
- Albright Gardens, Walton on Thames Management Company Ltd 1%
- One Linear Place Management Company Ltd 1%
- St Michaels Croydon (No 1) Management Company Ltd 1%
- St Michaels Croydon (Tower B) Management Company Ltd 1%
- Plot F, Springfield Village Management Company Limited 1%
- Plot G, Springfield Village Management Company Limited 1%
- Plot P&Q, Springfield Village Management Company Limited 1%
- Twickenham Green (Bakers Mews) Management Company Ltd 1%
- Westminster Tower Management Company Ltd 1%
Significant events
- “The Company is a guarantor of the £325m banking facility with London Square Developments Limited, a fellow group undertaking in the London Square group (2023: £120m). As at 31 December 2024, £290m was drawn under these facilities (2023: £113m) and since the period end this has increased to £325m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| IVANOVA, Boyana Krasimirova | Secretary | 2024-04-26 | — | — |
| AL DHIYEBI, Talal Shaffique Abdullah | Director | 2023-11-30 | Nov 1984 | Emirati |
| BROWN, Scott Douglas | Director | 2013-11-26 | Apr 1968 | Australian |
| DUDLEY, David Manson | Director | 2023-11-30 | Mar 1974 | British |
| EMERY, Jonathan Michael | Director | 2023-11-30 | Jan 1966 | British |
| EVANS, Mark Stewart | Director | 2019-01-16 | Aug 1969 | British |
| FALAKNAZ, Faisal Mohammed Abdulrahman | Director | 2023-11-30 | May 1987 | Emirati |
| KIERNEY, David Alexander | Director | 2024-04-26 | Jun 1984 | British |
| LAWRENCE, Adam Paul | Director | 2010-04-01 | Mar 1970 | British |
| MCDONAGH, Joanna Juanita | Director | 2024-04-26 | Aug 1984 | British |
| MESIC, Damir | Director | 2024-04-26 | Sep 1981 | Dutch |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRAYTON, Richard Martin | Secretary | 2010-03-26 | 2010-04-01 |
| LAWRENCE, Adam | Secretary | 2010-04-01 | 2024-04-26 |
| TRAVERS SMITH SECRETARIES LIMITED | Corporate Secretary | 2010-02-17 | 2010-03-26 |
| BETSY, Brian Anthony | Director | 2013-05-31 | 2018-05-04 |
| BRACKEN, Ruth | Director | 2010-02-17 | 2010-03-26 |
| CRAYTON, Richard Martin | Director | 2010-03-26 | 2010-04-01 |
| FORD, Peter Thomas | Director | 2012-07-11 | 2013-05-31 |
| GAVIN, Sean James | Director | 2024-04-26 | 2026-04-13 |
| HUDSON, Steven Simon | Director | 2015-09-23 | 2023-11-30 |
| KIERNEY, David Alexander | Director | 2021-07-07 | 2023-11-30 |
| LITTLER, Rebecca Susan | Director | 2015-09-23 | 2020-04-03 |
| MACIEJEWSKI, Andy | Director | 2015-09-23 | 2023-11-30 |
| MCDONAGH, Joanna Juanita | Director | 2020-09-28 | 2023-11-30 |
| PHILLIPS, Matthew Steven | Director | 2017-01-01 | 2023-11-30 |
| SMITH, Mark Clive | Director | 2015-09-23 | 2023-11-30 |
| TRAVERS SMITH LIMITED | Corporate Director | 2010-02-17 | 2010-03-26 |
| TRAVERS SMITH SECRETARIES LIMITED | Corporate Director | 2010-02-17 | 2010-03-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| London Square Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-03-04 | Active |
| London Square (Holdings) Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2026-03-04 |
Filing timeline
Last 20 of 171 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-09 | SH01 | capital | Capital allotment shares | |
| 2026-03-09 | SH01 | capital | Capital allotment shares | |
| 2026-03-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-20 | CH01 | officers | Change person director company with change date | |
| 2025-08-06 | AA | accounts | Accounts with accounts type group | |
| 2025-06-23 | CH01 | officers | Change person director company with change date | |
| 2025-03-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-16 | SH01 | capital | Capital allotment shares | |
| 2024-10-11 | AA | accounts | Accounts with accounts type group | |
| 2024-09-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-21 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-05-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-07 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 3
- 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