NETWORK AFFORDABLE DEVELOPMENTS LTD
Get an alert when NETWORK AFFORDABLE DEVELOPMENTS LTD files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-19 (in 7mo)
Last made up 2025-12-05
Watchouts
None on the register
Cash
£145K
+62.9% vs 2024
Net assets
£40M
0% vs 2024
Employees
0
Average over period
Profit before tax
£1M
+29.7% vs 2024
Name history
Renamed 1 time since incorporation
- NETWORK AFFORDABLE DEVELOPMENTS LTD 2021-01-12 → present
- NETWORK LIVING MANAGEMENT SERVICES LTD 2014-05-13 → 2021-01-12
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | £11,076,000 | |
| Operating profit | -£43,000 | £8,000 | |
| Profit before tax | £1,145,000 | £1,485,000 | |
| Net profit | £1,145,000 | £1,485,000 | |
| Cash | £89,000 | £145,000 | |
| Total assets less current liabilities | £48,538,000 | £54,567,000 | |
| Net assets | £40,000,000 | £40,000,000 | |
| Equity | £40,000,000 | £40,000,000 | |
| Average employees | 0 | 0 | |
| 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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | — | 0.1% | |
| Net margin | — | 13.4% | |
| Return on capital employed | -0.1% | 0.0% | |
| Gearing (liabilities / total assets) | 21.6% | 28.7% | |
| Current ratio | 17.27x | 27.65x |
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
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future (being a period of at least twelve months after the date on which the Report and financial statements are signed). Loans from the parent undertaking will not be recalled in the foreseeable future, a letter of support has been received from Sovereign Network Group stating that further financial and any other support will be provided for the foreseeable future. For this reason, it continues to adopt the going concern basis in the financial statements.”
Significant events
- “On 31 March 2025 a Transfer of Engagements, conducted under section 110 of the Co-operative and Community Benefit Societies Act 2014, took place resulting in the statutory vesting of all the assets and liabilities of Sovereign Network Homes into Sovereign Housing Association Limited trading as Sovereign Network Group.”
- “On 1 April 2025 Sovereign Housing Association Limited legally changed its name to Sovereign Network Group.”
- “The Board of Sovereign Network Group has approved the replacement of £30m of the existing equity investment in the Company with debt, which was completed in June 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELWIN, Carol Lucy | Secretary | 2024-06-07 | — | — |
| BIRD, Matthew David | Director | 2021-01-08 | Feb 1982 | British |
| DHOLAKIA, Anup Kumar | Director | 2021-01-08 | Jun 1988 | British |
| GALLAGHER, Sean David | Director | 2024-09-19 | Jan 1984 | British |
| LOIZOU, Despina | Director | 2021-01-08 | Nov 1970 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRENYA, Asantewaa | Secretary | 2022-03-29 | 2024-06-06 |
| ESO, Ibi, Ms. | Secretary | 2016-02-01 | 2016-06-09 |
| KASSEM, Tabitha | Secretary | 2016-06-09 | 2022-03-29 |
| GOOCH, David Howard | Director | 2021-01-08 | 2025-03-31 |
| GOODING, Jonathan Michael | Director | 2021-01-08 | 2025-03-31 |
| GREGG, Graham | Director | 2021-01-08 | 2024-09-19 |
| KLEANTHOUS, Trudi | Director | 2015-07-30 | 2015-10-30 |
| LEVY, Darren | Director | 2015-07-30 | 2017-07-31 |
| MITCHELL, Colin James | Director | 2019-01-01 | 2025-03-31 |
| NETHERCOTT, Barry | Director | 2017-07-25 | 2018-12-31 |
| REGER, Richard Michael | Director | 2014-05-13 | 2016-01-29 |
| SAUNDERS, Ian William | Director | 2014-05-13 | 2014-05-13 |
| SLOCOMBE, Guy Kingsley | Director | 2025-04-01 | 2025-05-09 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 72 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-20 RESOLUTIONS Resolution
- 2025-06-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-06-20 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-18 | SH20 | capital | Legacy | |
| 2025-06-18 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-06-18 | CAP-SS | insolvency | Legacy | |
| 2025-06-18 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-29 | AA | accounts | Accounts with accounts type full | |
| 2024-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-13 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-12-05 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 2
- 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
—
Not reported
-
Cash
+62.9%
£89,000 £145,000
-
Net assets
0%
£40,000,000 £40,000,000
-
Employees
—
Not reported
-
Operating profit
+118.6%
-£43,000 £8,000
-
Profit before tax
+29.7%
£1,145,000 £1,485,000
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