NEWETT HOMES 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

Consolidated group

Auditor

Ford Campbell Freedman Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The accounts have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. This assumption is also based on the continuing support of the directors through their loans to the company and third party lenders. Such support has been maintained since the year end and will continue to be made available to the extent required to enable the company to meet its liabilities as and when they fall due during the course of the current year.”

Group structure

1. NEWETT HOMES LIMITED · parent
   1. Project Fenay Bridge Limited 50.2% · UK
   2. Newett Homes (Fenay Bridge) Limited 50.2% · UK
   3. Project Emley Limited 100% · UK
   4. Newett Homes (Harrogate) Limited 50.2% · UK
   5. Project Pudsey Limited 100% · UK
   6. Newett Homes (Pudsey) Limited 100% · UK
   7. Project Giggleswick Limited 100% · UK
   8. Newett Homes (2) Limited 100% · UK
   9. Newett Homes (Mirfield) Limited 100% · UK
   10. Newett Homes (Giggleswick) Limited 100% · UK
   11. Newett Homes (Emley) Ltd 100% · UK
   12. Newett Roberts Limited 50% · UK
   13. Project Prodigal LLP 49.5% · UK

Significant events

• “For the year ending 30 June 2024, the Group made significant progress in its strategic consolidation efforts, enhancing its team, strengthening internal processes, and optimising business systems.”
• “A key operational change during the year was the revision of our interest recognition policy. We transitioned from expensing all loan interest to a revised approach, capitalising SPV loan interest and releasing it upon the legal completion of homes.”
• “Our partnership with the Business Growth Fund (BGF) continues to be instrumental in supporting our expansion. Following an initial £10 million Growth Capital investment in April 2023, the Group secured an additional £3 million investment in December 2023, with a further investment targeted for 2025.”
• “The Group's land bank currently comprises over 2,400 plots, earmarked for phased development in line with our sustainable growth strategy.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +124.6%

  £14,324,008 → £32,167,660

• Cash

  -43.8%

  £7,355,758 → £4,137,063

• Net assets

  -118%

  £1,173,638 → -£211,768

• Employees

  +34.3%

  35 → 47

• Operating profit

  +128.6%

  -£1,813,721 → £519,369

• Profit before tax

  +38.8%

  -£2,228,225 → -£1,364,332

• Wages

  +45.8%

  £1,780,520 → £2,596,738

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