LBA NC CORE INDUSTRIAL UK REIT LTD
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Cash
£12M
Latest balance sheet
Net assets
£38M
Equity attributable
Employees
0
Average over period
Profit before tax
-£1M
Period ending 2024-12-31
Net assets
1-year trend · vs Unclassified median
Accounts
1-year trend · latest reflected 2024-12-31
| Metric | Trend | 2024-12-31 |
|---|---|---|
| Turnover | £2,240,641 | |
| Operating profit | £2,231,328 | |
| Profit before tax | -£1,079,209 | |
| Net profit | -£1,079,209 | |
| Cash | £12,140,337 | |
| Total assets less current liabilities | £59,310,505 | |
| Net assets | £38,020,792 | |
| Equity | £38,020,792 | |
| 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 | 99.6% | |
| Net margin | -48.2% | |
| Return on capital employed | 3.8% | |
| Gearing (liabilities / total assets) | 41.1% | |
| Current ratio | 2.49x | |
| Interest cover | 9.20x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As of December 31, 2024, The Company had unrestricted cash and cash equivalents of £12.1M, positive working capital of £12.1M, and positive cash flows from operating activities of £6.8M. Based on its current financial position and access to investor capital, no material uncertainties have been identified that would cast significant doubt on the Company's ability to continue as a going concern.”
Group structure
- LBA NC CORE INDUSTRIAL UK REIT LTD · parent
- LBA NC Core Industrial UK Company I Ltd 1%
- Eldon Way Crick Ltd 1%
- Roach Pilsworth Ltd 1%
- Dawley Park Ltd 1%
Significant events
- “On February 20, 2025, the Company acquired Europa Way located in Manchester, UK for a purchase price of £9,650,000.”
- “On May 20, 2025, the Company modified the terms of the HSBC Loan by adding 2 Kestrel Way and 1-4 Europe Way to the loan facility and reducing the applicable margin rate from 1.95% to 1.90% per annum.”
- “On July 17, 2025, the Company acquired 3 Willen Field Road in London, UK for a purchase price of £12,600,000.”
- “On August 21, 2025, the Company acquired 1-3 Saxon Park in Corby, UK for a purchase price of £32,447,400.”
- “On August 22, 2025, the Company acquired Broadfield Business Park in Rochdale, UK for a purchase price of £36,200,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOURANT SECRETARIES (JERSEY) LIMITED | Corporate Secretary | 2024-03-25 | — | — |
| BELLING, Philip Alan | Director | 2024-03-25 | Jul 1959 | American |
| BROSNAN, Timothy Kent | Director | 2024-03-25 | Dec 1966 | American |
| MEMOLY, Michael | Director | 2025-11-05 | Apr 1973 | American |
| THOMAS, David Cooke | Director | 2024-03-25 | Feb 1960 | American |
Ownership
Persons with significant control
Filing timeline
Last 6 of 6 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | AA | accounts | Accounts with accounts type full | |
| 2026-02-19 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-03-25 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2024-03-25 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2024-03-25 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2024-03-25 | OSIN01 | incorporation | Register overseas company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 1
- 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