ASDA PROPCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-09 (in 3mo)
Last made up 2025-07-26
Watchouts
None on the register
Cash
£15M
Latest balance sheet
Net assets
£5M
Equity attributable
Employees
0
Average over period
Profit before tax
£8M
Period ending 2024-12-31
Net assets
1-year trend · vs Real Estate median
Accounts
1-year trend · latest reflected 2024-12-31
| Metric | Trend | 2024-12-31 |
|---|---|---|
| Turnover | £24,742,000 | |
| Operating profit | £23,118,000 | |
| Profit before tax | £7,748,000 | |
| Net profit | £5,267,000 | |
| Cash | £14,739,000 | |
| Total assets less current liabilities | — | |
| Net assets | £5,267,000 | |
| Equity | £5,267,000 | |
| Average employees | 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 | 2024-12-31 |
|---|---|---|
| Operating margin | 93.4% | |
| Net margin | 21.3% | |
| Gearing (liabilities / total assets) | 99.2% | |
| Current ratio | 3.42x | |
| Interest cover | 0.84x |
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
“The financial statements for the period ended 31 December 2024 have been prepared on the going concern basis as the Directors have determined that the Company has sufficient resources and liquidity facilities to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements ('the going concern period').”
Significant events
- “On 12 December 2023, the Company entered into a Commercial Ground Rent ("CGR") financing facility. As part of this facility on 20 December 2023, 55 properties were transferred into the Company from McLagan Investments Limited, a fellow wholly owned subsidiary of the intermediate parent undertaking, Bellis Finco PLC.”
- “These properties are leased, on 99-year terms, to Asda Stores Limited. The properties act as securitisation for loan notes totalling £400 million which were drawn-down on 20 December 2023 from a third party, Project Cunard PLC.”
- “On 15 May 2024, 5 properties were transferred out of the Company to a fellow wholly owned subsidiaries of the intermediate parent undertaking and 8 new properties were transferred to the Company to satisfy the completion conditions of the CGR financing facility.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GLEESON, Michael | Director | 2023-07-27 | Mar 1969 | Irish |
| HARRIS, Marc Walter, Mr. | Director | 2023-12-12 | Aug 1983 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ISSA, Mohsin | Director | 2023-07-27 | 2024-12-19 |
| TATUM, Hayley | Director | 2024-12-16 | 2025-04-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Asda Holdco 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-11-18 | Active |
| Asda Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-07-27 | Ceased 2023-11-18 |
Filing timeline
Last 20 of 30 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-22 RESOLUTIONS Resolution
- 2024-01-15 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-29 | AA | accounts | Accounts with accounts type full | |
| 2025-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-15 | MA | incorporation | Memorandum articles | |
| 2024-01-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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
Latest filed period vs the prior one