SP PLUS (DEVELOPMENT) LIMITED

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Even though the Company is currently in a net liabilities position, the Directors believe this will be recovered over the remainder of the Development Agreement, and the continued support of its ultimate Parent Company, that the Company has sufficient cash resources to meet its obligations as they fall due and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Significant events

• “Work is almost complete on Phase 3 of the Pendleton Masterplan. This phase consisted of 127 new homes, with 124 properties sold as at 31 March 2025, with the remaining 3 show homes to be sold during 2025/26. Planning permission has been approved for Phases 2 & 4 consisting of 477 homes (which will include 30% affordable housing). The Company has entered into an agreement to allow Lovell/Together JV to fulfil its obligations under the development agreement and will undertake the build out of the development.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -97.1%

  £19,765,000 → £568,000

• Cash

  -69.1%

  £7,189,000 → £2,219,000

• Net assets

  -48.8%

  -£617,000 → -£918,000

• Employees

  —

  Not reported

• Operating profit

  -454.1%

  £85,000 → -£301,000

• Profit before tax

  -438.2%

  £89,000 → -£301,000

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