LEGAL AND GENERAL AFFORDABLE HOMES (DEVELOPMENT 3) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-15 (in 2mo)
Last made up 2025-07-01
Watchouts
None on the register
Cash
£14M
+160.5% vs 2023
Net assets
£54M
+72.7% vs 2023
Employees
—
Average over period
Profit before tax
£11M
+373.3% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £37,416,000 | £92,379,000 | |
| Operating profit | £4,685,000 | £13,629,000 | |
| Profit before tax | £2,363,000 | £11,185,000 | |
| Net profit | £1,788,000 | £7,740,000 | |
| Cash | £5,477,000 | £14,270,000 | |
| Total assets less current liabilities | £55,497,000 | £54,237,000 | |
| Net assets | £31,397,000 | £54,237,000 | |
| Equity | £31,397,000 | £54,237,000 | |
| 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 12.5% | 14.8% | |
| Net margin | 4.8% | 8.4% | |
| Return on capital employed | 8.4% | 25.1% | |
| Gearing (liabilities / total assets) | 61.5% | 69.6% | |
| Current ratio | 3.13x | 1.43x | |
| Interest cover | 1.99x | 5.20x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“No material uncertainties that cast significant doubt on the ability of the Company to continue as a going concern have been identified by the Directors. The Company has the ability to drawdown on committed capital from its parent company.”
Significant events
- “The Company continued its growth in 2024 completing the development and sale of 204 affordable homes to its sister company, Legal & General Affordable Hcmes Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LEGAL & GENERAL CO SEC LIMITED | Corporate Secretary | 2021-02-26 | — | — |
| DAVIS, Kathryn Ruth | Director | 2023-09-27 | Dec 1964 | British |
| GADD, Simon Benedict | Director | 2024-07-23 | Aug 1965 | British |
| GLADWELL, Peter | Director | 2023-07-27 | Sep 1980 | British |
| GOULD, Kevin David | Director | 2023-09-27 | May 1968 | British |
| HOLDCROFT, Shaun | Director | 2025-07-24 | Jan 1980 | British |
| MELINEK, Sarah Jane Elizabeth | Director | 2021-05-13 | Apr 1964 | British |
| PETERS, Ian | Director | 2024-01-01 | Oct 1958 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CENTURY, Simon Jeremy | Director | 2021-02-26 | 2023-02-15 |
| CHAN, Liewen | Director | 2023-02-16 | 2023-07-27 |
| DENTON, Benjamin David | Director | 2021-05-13 | 2025-07-23 |
| GRAHAM, Ian Dunbar | Director | 2021-05-13 | 2023-12-31 |
| PROCTER, Kerrigan William | Director | 2021-02-26 | 2021-06-17 |
| SHAW, Karl Simon | Director | 2021-06-17 | 2024-07-23 |
| WILSON, Karen Elizabeth | Director | 2021-05-13 | 2023-09-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Legal & General Homes Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-02-26 | Active |
Filing timeline
Last 20 of 43 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-02 | SH01 | capital | Capital allotment shares | |
| 2025-08-13 | AA | accounts | Accounts with accounts type full | |
| 2025-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-25 | SH01 | capital | Capital allotment shares | |
| 2024-07-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-11 | AA | accounts | Accounts with accounts type full | |
| 2024-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-14 | AA | accounts | Accounts with accounts type full | |
| 2023-07-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-13 | RP04TM01 | officers | Second filing of director termination with name |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 2
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+146.9%
£37,416,000 £92,379,000
-
Cash
+160.5%
£5,477,000 £14,270,000
-
Net assets
+72.7%
£31,397,000 £54,237,000
-
Employees
—
Not reported
-
Operating profit
+190.9%
£4,685,000 £13,629,000
-
Profit before tax
+373.3%
£2,363,000 £11,185,000
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