TORBAY ECONOMIC DEVELOPMENT COMPANY LIMITED
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Next accounts due
2026-12-30 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-04-25
Overdue
Watchouts
Cash
£4M
+55% vs 2024
Net assets
£10M
+36% vs 2024
Employees
9
-94.1% vs 2024
Profit before tax
£2M
+331.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-04-25.
-
Material uncertainty over going concern
These financial statements have not been prepared on a going concern basis. This is a result of the decision made by the Full Council of Torbay in December 2023, being that the Councillors voted in favour of bringing the activities of TDA Group back in house and transferring all staff into Torbay Council.
Name history
Renamed 1 time since incorporation
- TORBAY ECONOMIC DEVELOPMENT COMPANY LIMITED 2011-06-27 → present
- BRIGHTER BAY LIMITED 2011-04-14 → 2011-06-27
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £11,141,921 | £2,814,619 | |
| Operating profit | £761,089 | £829,361 | |
| Profit before tax | -£1,027,592 | £2,374,349 | |
| Net profit | -£805,381 | £2,772,114 | |
| Cash | £2,499,966 | £3,873,952 | |
| Total assets less current liabilities | £22,160,088 | £21,096,425 | |
| Net assets | £7,694,453 | £10,466,567 | |
| Equity | £7,694,453 | £10,466,567 | |
| Average employees | 153 | 9 | |
| Wages | £4,918,441 | £143,910 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 6.8% | 29.5% | |
| Net margin | -7.2% | 98.5% | |
| Return on capital employed | 3.4% | 3.9% | |
| Current ratio | 2.21x | 3.17x | |
| Interest cover | 3.55x | 3.91x |
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
- Bishop Fleming Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“These financial statements have not been prepared on a going concern basis. This is a result of the decision made by the Full Council of Torbay in December 2023, being that the Councillors voted in favour of bringing the activities of TDA Group back in house and transferring all staff into Torbay Council.”
Group structure
- TORBAY ECONOMIC DEVELOPMENT COMPANY LIMITED · parent
- C & A Consultants (Torquay) Limited 100%
- TorVista Homes Limited 100%
- KAH Holdings Limited 100%
- Complete Facilities Management Services Limited 100%
- TEDC Developments Limited 100%
- Enterprise South West Ltd 100%
Significant events
- “Our ultimate parent, Torbay Council, decided to absorb the activities of TEDC into Torbay Council. This decision was formalised by Full Council in December 2023, and all staff from TEDC and C&A Consultants (Torquay) Limited, along with most services were transferred to Torbay Council on 1 April 2024, with the intention to work towards the ultimate dissolution of the TEDC Group.”
- “Despite the gradual cessation of activities, the company is still able to support the Council's regeneration agenda through the use of its reserves and in September the Board approved a dividend of £184,000 to the Shareholder to be used specifically for the purposes of regeneration.”
- “The process of transferring property assets continued throughout the year, with assets valued at £10.5m being transferred during the year, leaving an asset balance on freehold and leasehold land and buildings of £9.9m.”
- “Following the balance sheet date, 31 March 2025, the company has transferred Freehold and Leasehold land and buildings to Torbay Council for a total of £7,356,000.”
- “On 12 September 2025, TorVista Homes Limited transferred land at Preston Down Road to Torbay Council for £6,250,000. The land was held as stock at the year-end at a value of £2,000,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DENBY, Alan | Director | 2023-07-05 | Apr 1975 | British |
| FAIRCLOUGH-KAY, Matthew | Director | 2024-11-08 | Oct 1977 | British |
| FOX, Michael David | Director | 2023-06-21 | Aug 1946 | British |
| LEWIS, Christopher Nigel Pearson | Director | 2024-01-15 | Mar 1952 | British |
| MONTGOMERY, Liam Michael | Director | 2022-06-10 | Oct 1976 | British |
| TYERMAN, Alan John | Director | 2024-01-15 | Sep 1948 | British |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DALTON, Robert Stirling | Secretary | 2011-04-14 | 2016-05-31 |
| SHERRY, Andrew Paul | Secretary | 2016-10-14 | 2024-03-15 |
| ARCHER, Alan Robert | Director | 2011-04-14 | 2019-07-01 |
| BALCH, Christopher Herbert, Professor | Director | 2011-04-14 | 2013-06-30 |
| BOND, Sara Louise | Director | 2017-08-21 | 2021-10-06 |
| BROCKLEHURST, Gareth | Director | 2011-04-14 | 2017-11-15 |
| BROOK, Martin Robert | Director | 2023-06-10 | 2023-12-19 |
| CARTER, Christine | Director | 2015-06-23 | 2019-07-08 |
| CRIDDLE, Stephen Melville | Director | 2017-08-21 | 2019-08-22 |
| FAULKNER, Alan William, Councillor | Director | 2011-06-02 | 2013-12-01 |
| FLOWER, Vincent | Director | 2011-04-14 | 2024-02-05 |
| FREWIN, Laurence Edward | Director | 2019-11-26 | 2024-01-31 |
| HAMBLIN, John Andrew | Director | 2021-11-18 | 2024-03-04 |
| HART, Christopher Duncan | Director | 2018-09-10 | 2024-02-01 |
| HEMPSEED, Charles Edward | Director | 2015-07-18 | 2021-10-06 |
| HOWARD, James Patrick | Director | 2018-12-07 | 2022-10-01 |
| LAW, Cordelia Louise | Director | 2019-07-10 | 2023-05-09 |
| LEAF, Sheena Mary Harkness | Director | 2011-04-14 | 2018-11-24 |
| LONG, Swithin | Director | 2019-07-10 | 2023-05-09 |
| MADDISON, Katherine Isabel | Director | 2023-11-27 | 2024-01-15 |
| MADDISON, Katherine Isabel | Director | 2023-06-20 | 2023-11-07 |
| MARTIN, David John | Director | 2023-07-05 | 2024-01-31 |
| MILLS, Derek Alan | Director | 2015-06-23 | 2019-07-08 |
| MOWAT, Kevin Paul | Director | 2021-11-12 | 2023-06-22 |
| O'DWYER, James | Director | 2019-07-10 | 2023-05-09 |
| PARROCK, Steven | Director | 2011-04-14 | 2022-06-10 |
| POUNTNEY, Mark Jonathan | Director | 2013-12-13 | 2015-06-23 |
| RICHARDS, Robert John Godwin | Director | 2011-04-14 | 2015-01-15 |
| ROWE, Richard Alexander | Director | 2011-04-14 | 2012-05-21 |
| TAPSON, Andrew Michael Ebsworthy | Director | 2023-07-05 | 2024-02-04 |
| TEDSTONE, Stephanie Louise | Director | 2020-01-22 | 2021-11-26 |
| THOMAS, David Michael | Director | 2014-10-01 | 2015-06-26 |
| THOMAS, David Michael | Director | 2011-06-02 | 2014-10-01 |
| TUCKER, Hazel Joy | Director | 2015-07-18 | 2023-03-31 |
| TYERMAN, Alan John | Director | 2011-06-02 | 2019-07-08 |
| WILSON, Simon James Ross | Director | 2011-04-14 | 2017-08-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Council Of The Borough Of Torbay | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 120 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-08 MA Memorandum articles
- 2026-04-08 RESOLUTIONS Resolution
- 2026-04-08 RESOLUTIONS Resolution
- 2026-04-08 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | MA | incorporation | Memorandum articles | |
| 2026-04-08 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-08 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-08 | MA | incorporation | Memorandum articles | |
| 2026-03-10 | AA | accounts | Accounts with accounts type group | |
| 2025-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-17 | AA | accounts | Accounts with accounts type group | |
| 2024-12-17 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-11-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-05 | CH01 | officers | Change person director company with change date | |
| 2024-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-17 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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
-74.7%
£11,141,921 £2,814,619
-
Cash
+55%
£2,499,966 £3,873,952
-
Net assets
+36%
£7,694,453 £10,466,567
-
Employees
-94.1%
153 9
-
Operating profit
+9%
£761,089 £829,361
-
Profit before tax
+331.1%
-£1,027,592 £2,374,349
-
Wages
-97.1%
£4,918,441 £143,910
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