MILEWAY VANTAGE 2 LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-19 (in 4mo)
Last made up 2025-09-05
Watchouts
None on the register
Cash
£2M
-10.3% vs 2023
Net assets
£55M
+8.9% vs 2023
Employees
0
Average over period
Profit before tax
£4M
+5.8% vs 2023
Name history
Renamed 1 time since incorporation
- MILEWAY VANTAGE 2 LTD 2021-04-03 → present
- IRAF UK VANTAGE 2 LIMITED 2018-09-06 → 2021-04-03
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 | £4,851,504 | £4,978,670 | |
| Operating profit | £5,743,091 | £6,143,441 | |
| Profit before tax | £4,047,853 | £4,281,895 | |
| Net profit | £4,044,060 | £4,454,196 | |
| Cash | £1,929,031 | £1,730,046 | |
| Total assets less current liabilities | £91,452,456 | £86,639,720 | |
| Net assets | £50,088,451 | £54,542,647 | |
| Equity | £50,088,451 | £54,542,647 | |
| 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 118.4% | 123.4% | |
| Net margin | 83.4% | 89.5% | |
| Return on capital employed | 6.3% | 7.1% | |
| Gearing (liabilities / total assets) | 47.1% | 45.1% | |
| Current ratio | 2.48x | 0.71x | |
| Interest cover | 2.02x | 1.96x |
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
- UK-adopted IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has net assets of £54,542,647 at 31 December 2024 (2023: £50,088,451). The Company's holding company, Mileway UK REIT Limited has provided a letter of intent to provide adequate funds to enable the Company to meet in full its financial obligations as they fall due for a period of at least twelve months from the date when the financial statements are authorised for issue.”
Significant events
- “There have been no significant subsequent events to report since 31 December 2024 and up to the date of approval of these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JONES, Andrew Richard | Director | 2021-06-01 | Feb 1981 | British |
| ROBERTS, Daniel George | Director | 2021-03-24 | Sep 1980 | British |
| STEWART, Graeme Carrigan | Director | 2023-01-20 | May 1980 | British |
| VASILEV, Panayot Kostadinov | Director | 2021-03-24 | May 1976 | French |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MENDES, Emily | Secretary | 2018-09-06 | 2021-03-24 |
| PAYNE, Simon Jeffrey | Secretary | 2023-01-01 | 2024-05-12 |
| INTERTRUST (UK) LIMITED | Corporate Secretary | 2021-03-24 | 2023-01-01 |
| BUTCHER, Keith David | Director | 2018-09-06 | 2021-03-24 |
| CRIDGE, Philip Mathew | Director | 2021-03-24 | 2023-01-16 |
| HUDSON, David Christopher | Director | 2020-09-21 | 2021-03-24 |
| HUDSON, David Christopher | Director | 2020-03-16 | 2020-09-21 |
| HUXTABLE, Christopher John | Director | 2018-09-06 | 2020-07-31 |
| JACKSON, Stuart Nicholas | Director | 2020-03-16 | 2020-07-31 |
| THORP, Timothy Geoffrey | Director | 2018-09-06 | 2021-03-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stephen Allen Schwarzman | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-03-24 | Active |
| Iraf Uk Vantage Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, significant-influence-or-control-as-firm | 2018-09-06 | Ceased 2021-03-24 |
Filing timeline
Last 20 of 99 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-09 RESOLUTIONS Resolution
- 2025-10-06 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-09 | SH20 | capital | Legacy | |
| 2026-04-09 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-04-09 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-09 | CAP-SS | insolvency | Legacy | |
| 2026-03-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-06 | MA | incorporation | Memorandum articles | |
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-23 | AA | accounts | Accounts with accounts type full | |
| 2024-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-21 | CH01 | officers | Change person director company with change date | |
| 2024-05-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-15 | AA | accounts | Accounts with accounts type small | |
| 2023-09-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-18 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 2
- 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
+2.6%
£4,851,504 £4,978,670
-
Cash
-10.3%
£1,929,031 £1,730,046
-
Net assets
+8.9%
£50,088,451 £54,542,647
-
Employees
—
Not reported
-
Operating profit
+7%
£5,743,091 £6,143,441
-
Profit before tax
+5.8%
£4,047,853 £4,281,895
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