NEW LUDGATE (NO.2) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-23 (in 10mo)
Last made up 2026-03-09
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£154M
+6% vs 2023
Employees
—
Average over period
Profit before tax
£11M
+495.9% vs 2023
Name history
Renamed 1 time since incorporation
- NEW LUDGATE (NO.2) LIMITED 2020-12-30 → present
- LS LUDGATE (NO.2) LIMITED 2011-06-13 → 2020-12-30
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £10,123,383 | £10,623,686 | |
| Operating profit | -£837,322 | £12,714,096 | |
| Profit before tax | -£2,735,194 | £10,829,311 | |
| Net profit | -£4,350,275 | £8,709,311 | |
| Cash | — | — | |
| Total assets less current liabilities | £145,412,403 | £154,121,714 | |
| Net assets | £145,412,403 | £154,121,714 | |
| Equity | £145,412,403 | £154,121,714 | |
| Average employees | — | — | |
| 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -8.3% | 119.7% | |
| Net margin | -43.0% | 82.0% | |
| Return on capital employed | -0.6% | 8.2% | |
| Gearing (liabilities / total assets) | 43.1% | 41.5% | |
| Current ratio | 0.02x | 0.09x | |
| Interest cover | -0.44x | 6.70x |
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
- Standalone (parent only)
- Auditor
- Grant Thornton Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above, the Directors believe that there is no material uncertainty on going concern and is satisfied that it has adequate resources to continue for a period of at least twelve months from the date of approval of the Company's financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GEN II SERVICES (UK) LIMITED | Corporate Secretary | 2020-12-22 | — | — |
| BAI, Xue Cheryl | Director | 2022-11-09 | Nov 1981 | Chinese |
| CREGEEN, Martin Ryan | Director | 2020-12-22 | Apr 1972 | British |
| OBASI, Bruno Chibuzo | Director | 2023-09-08 | May 1973 | British |
| TOWNSON, Neil David | Director | 2022-08-26 | Aug 1960 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LS COMPANY SECRETARIES LIMITED | Corporate Secretary | 2011-06-13 | 2020-12-22 |
| ARNAOUTI, Michael | Director | 2016-07-01 | 2017-03-31 |
| DREWETT, Simon Derwood Auston | Director | 2022-11-09 | 2023-09-22 |
| DREWETT, Simon Derwood Auston | Director | 2020-12-22 | 2022-11-09 |
| GILL, Christopher Marshall | Director | 2011-06-13 | 2016-07-14 |
| MILES, Elizabeth | Director | 2018-01-01 | 2020-12-17 |
| MILLER, Louise | Director | 2017-03-01 | 2018-01-01 |
| ROTSEY, Carol Ann | Director | 2021-11-17 | 2023-09-08 |
| WINDSOR, Paul Justin | Director | 2020-12-22 | 2021-12-31 |
| LAND SECURITIES MANAGEMENT SERVICES LIMITED | Corporate Director | 2011-11-28 | 2020-12-17 |
| LS DIRECTOR LIMITED | Corporate Director | 2011-11-28 | 2020-12-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Hsien-Chuan Yang | Individual | Shares 25–50%, Voting 25–50% | 2020-12-22 | Ceased 2020-12-23 |
| Mr Ricky Au | Individual | Shares 25–50%, Voting 25–50% | 2020-12-22 | Active |
| The City Of London Real Property Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-12-22 |
Filing timeline
Last 20 of 90 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-20 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-10 | AA | accounts | Accounts with accounts type full | |
| 2025-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-12 | AA | accounts | Accounts with accounts type full | |
| 2024-04-25 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-02 | AA | accounts | Accounts with accounts type full | |
| 2023-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-10 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-10 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-09 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+4.9%
£10,123,383 £10,623,686
-
Cash
—
Not reported
-
Net assets
+6%
£145,412,403 £154,121,714
-
Employees
—
Not reported
-
Operating profit
+1,618.4%
-£837,322 £12,714,096
-
Profit before tax
+495.9%
-£2,735,194 £10,829,311
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