TARGET HEALTHCARE REIT PLC
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-06-30
Confirmation statement due
2027-05-23 (in 1y)
Last made up 2026-05-09
Watchouts
None on the register
Cash
£40M
+1.9% vs 2024
Net assets
£712M
+3.4% vs 2024
Employees
4
0% vs 2024
Profit before tax
£37M
+2.1% 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 | £58,624,000 | £60,582,000 | |
| Operating profit | £47,070,000 | £47,247,000 | |
| Profit before tax | £36,270,000 | £37,014,000 | |
| Net profit | £73,024,000 | £60,845,000 | |
| Cash | £38,884,000 | £39,639,000 | |
| Total assets less current liabilities | £838,297,000 | £873,594,000 | |
| Net assets | £689,293,000 | £712,460,000 | |
| Equity | £689,293,000 | £712,460,000 | |
| Average employees | 4 | 4 | |
| Wages | £274,000 | £278,000 |
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 | 80.3% | 78.0% | |
| Net margin | 124.6% | 100.4% | |
| Return on capital employed | 5.6% | 5.4% | |
| Gearing (liabilities / total assets) | 28.7% | 27.8% | |
| Current ratio | 0.35x | 0.39x | |
| Interest cover | 4.33x | 4.43x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- EY
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In assessing the going concern basis of accounting the Directors have had regard to the guidance issued by the Financial Reporting Council... and consider the impact on the Group's and Company's ability to continue in operational existence to 31 December 2026, which is at least twelve months from the date of issuance of this report. For this reason, they continue to adopt the going concern basis in preparing the financial statements for the year ended 30 June 2025.”
Group structure
- TARGET HEALTHCARE REIT PLC · parent
- Target Healthcare REIT Limited 100%
- THR Number 37 Limited 100%
- THR Number 38 Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TARGET FUND MANAGERS LIMITED | Corporate Secretary | 2019-05-10 | — | — |
| 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 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDREWS, June, Professor | Director | 2019-05-10 | 2021-12-14 |
| COULL, Gordon Charles | Director | 2019-05-10 | 2022-12-06 |
| HUTCHISON III, Thomas Jamieson | Director | 2019-05-10 | 2021-12-14 |
| NAISH, Robert Malcolm | Director | 2019-05-10 | 2022-12-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Robert Malcolm Naish | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-05-10 | Ceased 2019-08-07 |
Filing timeline
Last 20 of 63 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-15 RESOLUTIONS Resolution
- 2024-12-30 RESOLUTIONS Resolution
- 2023-12-14 RESOLUTIONS Resolution
- 2023-01-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-15 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-15 | AA | accounts | Accounts with accounts type group | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-16 | AA | accounts | Accounts with accounts type group | |
| 2024-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-22 | AA | accounts | Accounts with accounts type group | |
| 2023-12-14 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-11 | RESOLUTIONS | resolution | Resolution | |
| 2023-01-04 | AA | accounts | Accounts with accounts type group | |
| 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 | |
| 2022-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-23 | CH04 | officers | Change corporate secretary company with change date | |
| 2022-02-09 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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
+3.3%
£58,624,000 £60,582,000
-
Cash
+1.9%
£38,884,000 £39,639,000
-
Net assets
+3.4%
£689,293,000 £712,460,000
-
Employees
0%
4 4
-
Operating profit
+0.4%
£47,070,000 £47,247,000
-
Profit before tax
+2.1%
£36,270,000 £37,014,000
-
Wages
+1.5%
£274,000 £278,000
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