NORTHSTONE DEVELOPMENT LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-18 (in 3mo)
Last made up 2025-08-04
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
£1M
+222.4% vs 2024
Name history
Renamed 1 time since incorporation
- NORTHSTONE DEVELOPMENT LIMITED 2018-12-19 → present
- PEEL HOMES (UK) PROP CO LIMITED 2018-08-06 → 2018-12-19
Profit before tax
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £38,942,000 | £55,867,000 | |
| Operating profit | £2,007,000 | £3,882,000 | |
| Profit before tax | -£1,139,000 | £1,394,000 | |
| Net profit | -£851,000 | £1,040,000 | |
| Cash | — | — | |
| Total assets less current liabilities | — | — | |
| Net assets | — | — | |
| Equity | £10,408,000 | £11,448,000 | |
| 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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 5.2% | 6.9% | |
| Net margin | -2.2% | 1.9% | |
| Interest cover | 0.56x | 1.37x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have concluded, after making enquiries, they have a reasonable expectation that the company adequate resources to continue in operational existence for the foreseeable future and therefore they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- NORTHSTONE DEVELOPMENT LIMITED · parent
- Northstone Development (Pemberton) Limited 100%
- Silkash Management Company Limited 100%
- Keld Management Company Limited 100%
- Glisk Management Company Limited 100%
- Airie Management Company Limited 100%
- Tulach Management Company Limited 100%
- Cynefin Management Company Limited 100%
- Breacla Management Company Limited 100%
Significant events
- “On 20 May 2025 a loan facility was refinanced with National Westminster Bank Plc, which was increased to £40m. The loan is secured over the assets of Northstone Development Limited, is guaranteed by Peel L&P Group Limited and bears interest at SONIA plus an applicable margin of a maximum of 2.75% per annum. The facility is due to mature on the 20 May 2027.”
- “The directors do not recommend the payment of a final dividend (2024: same).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EVES, Christopher | Director | 2025-05-19 | Jun 1985 | British |
| UNDERWOOD, Steven Keith | Director | 2018-08-06 | Mar 1974 | British |
| WHITTAKER, John Peter | Director | 2018-08-06 | Aug 1982 | British |
| WHITWORTH, Mark | Director | 2023-05-03 | May 1966 | British |
| WILSON, Philip Michael | Director | 2019-04-03 | Jun 1968 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEES, Neil | Secretary | 2018-08-06 | 2020-10-15 |
| COLTON, Matthew Paul | Director | 2023-08-02 | 2025-12-15 |
| LEES, Neil | Director | 2018-08-06 | 2020-10-15 |
| SCHOFIELD, John Alexander | Director | 2018-08-06 | 2023-09-30 |
| WHITTAKER, James | Director | 2018-08-06 | 2023-10-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Northstone Development Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-08-06 | Active |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-29 | AA | accounts | Accounts with accounts type full | |
| 2025-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-19 | AA | accounts | Accounts with accounts type full | |
| 2024-08-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-28 | SH01 | capital | Capital allotment shares | |
| 2023-12-21 | AA | accounts | Accounts with accounts type full | |
| 2023-10-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-12 | CH01 | officers | Change person director company with change date | |
| 2023-05-11 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-25 | AA | accounts | Accounts with accounts type small | |
| 2022-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-06-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-06-10 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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
+43.5%
£38,942,000 £55,867,000
-
Cash
—
Not reported
-
Net assets
—
Not reported
-
Employees
—
Not reported
-
Operating profit
+93.4%
£2,007,000 £3,882,000
-
Profit before tax
+222.4%
-£1,139,000 £1,394,000
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