THR NUMBER 15 PLC
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-06-30
Confirmation statement due
2027-01-21 (in 8mo)
Last made up 2026-01-07
Watchouts
None on the register
Cash
£856K
-57.4% vs 2024
Net assets
£203M
-1.8% vs 2024
Employees
—
Average over period
Profit before tax
£10M
-20.4% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-06-30
| Metric | Trend | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Turnover | £14,439,000 | £16,179,000 | |
| Operating profit | £12,503,000 | £13,986,000 | |
| Profit before tax | £12,985,000 | £10,332,000 | |
| Net profit | £12,985,000 | £10,332,000 | |
| Cash | £2,011,000 | £856,000 | |
| Total assets less current liabilities | £257,299,000 | £203,850,000 | |
| Net assets | £206,775,000 | £202,994,000 | |
| Equity | £206,775,000 | £202,994,000 | |
| 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 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Operating margin | 86.6% | 86.4% | |
| Net margin | 89.9% | 63.9% | |
| Return on capital employed | 4.9% | 6.9% | |
| Gearing (liabilities / total assets) | 22.0% | 23.1% | |
| Current ratio | 4.39x | 3.99x | |
| Interest cover | 2.35x | 3.07x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The impact of the current economic conditions on the going concern of the Company has been considered. However, as a property holding company forming part of a larger, solvent group, with limited expenses and headroom within the financial covenants relating to the Company's external borrowings and a successful re-financing of these borrowings post year end, even if the property valuations or the level of rental income received were to fall significantly, this would not be expected to result in the Company being unable to pay its liabilities as they fall due over a period of twelve months from the date of these financial statements.”
Group structure
- THR NUMBER 15 PLC · parent
- THR Number 8 Limited 100%
- THR Number 10 Limited 100%
- THR Number 17 (Holdings) Limited 100%
- THR Number 20 Limited 100%
- THR Number 21 Limited 100%
- THR Number 22 Limited 100%
- THR Number 25 S.a r.l. 100%
- THR Number 26 S.a r.l. 100%
- THR Number 27 Limited 100%
- THR Number 28 Limited 100%
- THR Number 29 Limited 100%
- THR Number 33 Limited 100%
- THR Number 17 Limited 100%
- THR Number 30 Limited 100%
- THR Number 31 Limited 100%
- THR Number 32 Limited 100%
- THR Number 34 Limited 100%
- THR Number 35 Limited 100%
Significant events
- “On 23 September 2025, the Company re-financed its existing loan facilities by entering into a £30,000,000 committed term loan and £50,000,000 revolving credit facility with HSBC which is repayable in September 2028, with the option of two one-year extensions thereafter, subject to the consent of HSBC.”
- “On 24 September 2025, the Company exchanged contracts in relation to the disposal of two care home for proceeds of £18.4 million, representing a premium of c. 12 per cent to their carrying value at 30 June 2025. The transaction was unconditional and subsequently completed on 22 October 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TARGET FUND MANAGERS LIMITED | Corporate Secretary | 2019-08-07 | — | — |
| BRODTMAN, Michael Harris | Director | 2023-01-01 | Sep 1960 | British |
| BUCHAN, Alison | Director | 2020-05-01 | Jun 1961 | British |
| COTTON, Richard Robert | Director | 2022-11-01 | Jan 1956 | British |
| NIBLETT, James Vincent | Director | 2021-08-25 | Mar 1958 | British |
| THOMPSELL, Amanda Ann Bence, Dr | Director | 2022-02-01 | Jan 1960 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MAITLAND ADMINISTRATION SERVICES (SCOTLAND) LIMITED | Corporate Secretary | 2018-01-08 | 2019-08-07 |
| ANDREWS, June, Professor | Director | 2018-01-08 | 2021-12-14 |
| COULL, Gordon Charles | Director | 2018-01-08 | 2022-12-06 |
| HUTCHINSON III, Thomas Jamieson | Director | 2018-01-08 | 2021-12-14 |
| NAISH, Robert Malcolm | Director | 2018-01-08 | 2022-12-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Target Healthcare Reit Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-08-07 | Active |
| Target Healthcare Reit Limited | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm | 2018-01-08 | Ceased 2019-08-07 |
Filing timeline
Last 20 of 61 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-17 | AA | accounts | Accounts with accounts type full | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-03 | AA | accounts | Accounts with accounts type full | |
| 2024-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-17 | AA | accounts | Accounts with accounts type full | |
| 2023-07-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-06-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-11 | MR05 | mortgage | Mortgage charge whole cease and release with charge number | |
| 2023-04-11 | MR05 | mortgage | Mortgage charge whole cease and release with charge number | |
| 2023-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-12 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-29 | AA | accounts | Accounts with accounts type full | |
| 2022-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-14 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-23 | CH04 | officers | Change corporate secretary company with change date | |
| 2022-02-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-21 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
FY2024 → FY2025 · period ending 2025-06-30 vs 2024-06-30
-
Turnover
+12.1%
£14,439,000 £16,179,000
-
Cash
-57.4%
£2,011,000 £856,000
-
Net assets
-1.8%
£206,775,000 £202,994,000
-
Employees
—
Not reported
-
Operating profit
+11.9%
£12,503,000 £13,986,000
-
Profit before tax
-20.4%
£12,985,000 £10,332,000
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