CUSTODIAN PROPERTY INCOME REIT PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-08 (in 9mo)
Last made up 2026-01-25
Watchouts
None on the register
Cash
£10M
+172.5% vs 2024
Net assets
£589M
+5.2% vs 2024
Employees
—
Average over period
Profit before tax
£39M
+2,851.1% highest in 5 filed years
Name history
Renamed 1 time since incorporation
- CUSTODIAN PROPERTY INCOME REIT PLC 2022-12-06 → present
- CUSTODIAN REIT PLC 2014-01-27 → 2022-12-06
Profit before tax
5-year trend · vs Financials median
Accounts
5-year trend · latest reflected 2025-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Turnover | £29,974,000 | £38,806,000 | £50,038,000 | £46,243,000 | £47,899,000 | |
| Operating profit | — | — | — | £6,546,000 | £45,914,000 | |
| Profit before tax | £12,252,000 | £24,342,000 | £26,942,000 | -£1,404,000 | £38,625,000 | |
| Net profit | £12,225,000 | £24,247,000 | £26,798,000 | -£1,522,000 | £38,245,000 | |
| Cash | — | — | — | £3,714,000 | £10,119,000 | |
| Total assets less current liabilities | — | — | — | £560,152,000 | £589,205,000 | |
| Net assets | — | — | — | — | — | |
| Equity | — | — | — | — | — | |
| 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 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 14.2% | 95.9% | |
| Net margin | 40.8% | 62.5% | 53.6% | -3.3% | 79.8% | |
| Return on capital employed | — | — | — | 1.2% | 7.8% | |
| Current ratio | — | — | — | 0.41x | 0.72x | |
| Interest cover | — | — | — | 0.82x | 6.13x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe that the Company's current strong balance sheet, the terms of its existing finance facilities and the Company's financial model forecasting provide sufficient cash and unused facilities to repay the £20m SWIP loan (due in June 2028), and maintain headroom with all financial covenants during the one and three year assessment periods. The Directors therefore consider it appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- CUSTODIAN PROPERTY INCOME REIT PLC · parent
- Custodian REIT Limited 100%
Significant events
- “On 29 January 2025, the Company and Lloyds agreed to extend the term of the RCF by one year to expire on 10 November 2027.”
- “The Company was granted authority to make market purchases of up to 44,085,039 ordinary shares under section 701 of the Companies Act 2006. No market purchases of ordinary shares have been made.”
- “During the year the Company has acquired Merlin and part of the Investment Manager's property portfolio (for a total consideration of £19.5m).”
- “On 30 May 2025 the Company completed the corporate acquisition of Merlin Properties Limited for total consideration of £19.5m, which holds a UK commercial property portfolio.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOORE, Edward | Secretary | 2020-06-17 | — | — |
| ADAM, Hazel | Director | 2019-12-12 | Jan 1969 | British |
| COOPER, Malcolm Charles | Director | 2022-06-06 | Jun 1959 | British |
| MACKINTOSH IRELAND, Christopher | Director | 2021-04-01 | Sep 1957 | British |
| MACLELLAN, Alexander David | Director | 2023-05-09 | Sep 1959 | British |
| MCMEIKAN, Elizabeth | Director | 2021-04-01 | Mar 1962 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| IMLACH, Nathan James Mclean | Secretary | 2014-01-27 | 2020-06-17 |
| GILBERTSON, Barry Gordon | Director | 2014-01-27 | 2021-01-01 |
| HUNTER, David Ian | Director | 2014-01-27 | 2023-08-08 |
| IMLACH, Nathan James Mclean | Director | 2024-11-06 | 2025-12-31 |
| MATTIOLI, Ian Thomas | Director | 2014-01-27 | 2024-11-06 |
| THORNE, Matthew Wadman John | Director | 2014-01-27 | 2022-08-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 285 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | SH01 | capital | Capital allotment shares | |
| 2026-04-17 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-04-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-05 | SH01 | capital | Capital allotment shares | |
| 2026-02-23 | SH01 | capital | Capital allotment shares | |
| 2026-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-30 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-10 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-11-21 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-11-07 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-11-03 | SH01 | capital | Capital allotment shares | |
| 2025-10-24 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-09-17 | AA | accounts | Accounts with accounts type group | |
| 2025-09-15 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-01 | SH03 | capital | Capital return purchase own shares | |
| 2025-08-20 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-08-07 | SH03 | capital | Capital return purchase own shares treasury capital date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 14
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+3.6%
£46,243,000 £47,899,000
-
Cash
+172.5%
£3,714,000 £10,119,000
-
Net assets
—
Not reported
-
Employees
—
Not reported
-
Operating profit
+601.4%
£6,546,000 £45,914,000
-
Profit before tax
+2,851.1%
-£1,404,000 £38,625,000
highest in 5 filed years
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