BETELGEUSE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-05 (in 1mo)
Last made up 2025-05-22
Watchouts
Cash
£37M
+8.4% vs 2023
Net assets
£371M
-28.8% vs 2023
Employees
—
Average over period
Profit before tax
-£202M
-56.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
However, there is a material uncertainty in relation to future income due to the Leasehold and Freehold Reform Act 2024, of which further details are given in note 1.4.
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 | £22,583,000 | £25,197,000 | |
| Operating profit | -£113,439,000 | -£187,950,000 | |
| Profit before tax | -£128,884,000 | -£201,970,000 | |
| Net profit | -£94,477,000 | -£150,235,000 | |
| Cash | £33,689,000 | £36,509,000 | |
| Total assets less current liabilities | £1,668,385,000 | £1,479,164,000 | |
| Net assets | £520,793,000 | £370,558,000 | |
| Equity | £520,793,000 | £370,558,000 | |
| 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 | -502.3% | -745.9% | |
| Net margin | -418.4% | -596.2% | |
| Return on capital employed | -6.8% | -12.7% | |
| Current ratio | 11.01x | 11.18x | |
| Interest cover | -3.96x | -6.44x |
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
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“However, there is a material uncertainty in relation to future income due to the Leasehold and Freehold Reform Act 2024, of which further details are given in note 1.4.”
Group structure
- BETELGEUSE LIMITED · parent
- Proxima GR Properties Limited 100%
- Retirement Care (BH) Limited 100%
- Tor Sands Freehold Limited 100%
Significant events
- “legislative changes disclosed in the going concern section of note 1.4, which potentially could lead to a significant adverse impact on the business such that it may materially impair the group's ability to continue as a Going Concern.”
- “The Leasehold Reform (Ground Rent) Act 2022 was enacted during 2022 and prohibits the inclusion of a ground rent exceeding a peppercorn on new long residential leases.”
- “On 24 May 2024, the Leasehold and Freehold Reform Act 2024 received Royal Assent.”
- “In October 2025, the High Court issued its judgment dismissing the judicial review brought by industry participants challenging aspects of the Government's leasehold reform measures contained in the 2024 Act.”
- “The Building Safety Act 2022 imposes legal obligations on freeholders to ensure remediation of certain life-critical fire-safety defects in applicable residential buildings.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAU, Daniel | Secretary | 2019-07-10 | — | — |
| HALLAM, Paul | Director | 2019-07-10 | Nov 1975 | British |
| MCGILL, Christopher Charles | Director | 2015-05-22 | Apr 1960 | British |
| PROCTER, William Kenneth | Director | 2015-05-22 | May 1953 | British |
| WATSON, Michael David | Director | 2021-02-22 | Dec 1958 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HALLAM, Paul | Secretary | 2015-05-22 | 2019-07-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Beta Centauri Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 38 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-09 | CH01 | officers | Change person director company with change date | |
| 2026-03-12 | CH01 | officers | Change person director company with change date | |
| 2026-03-12 | CH01 | officers | Change person director company with change date | |
| 2026-03-12 | CH01 | officers | Change person director company with change date | |
| 2025-12-27 | AA | accounts | Accounts with accounts type group | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | AA | accounts | Accounts with accounts type group | |
| 2024-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-26 | AA | accounts | Accounts with accounts type group | |
| 2023-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-07-08 | AA | accounts | Accounts with accounts type group | |
| 2022-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-14 | AA | accounts | Accounts with accounts type group | |
| 2021-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-05 | AP01 | officers | Appoint person director company with name date | |
| 2020-10-29 | AA | accounts | Accounts with accounts type group | |
| 2020-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2019-07-31 | AP03 | officers | Appoint person secretary company with name date |
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
+11.6%
£22,583,000 £25,197,000
-
Cash
+8.4%
£33,689,000 £36,509,000
-
Net assets
-28.8%
£520,793,000 £370,558,000
-
Employees
—
Not reported
-
Operating profit
-65.7%
-£113,439,000 -£187,950,000
-
Profit before tax
-56.7%
-£128,884,000 -£201,970,000
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