MILTON KEYNES DEVELOPMENT PARTNERSHIP LLP
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-21 (in 7mo)
Last made up 2025-12-07
Watchouts
Cash
£3M
-34.1% vs 2024
Net assets
£156M
+0.5% vs 2024
Employees
12
+9.1% vs 2024
Profit before tax
£3M
-83.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £6,288,000 | £5,970,000 | |
| Operating profit | £17,973,000 | £2,964,000 | |
| Profit before tax | £17,757,000 | £2,856,000 | |
| Net profit | £17,963,000 | £2,834,000 | |
| Cash | £4,647,000 | £3,061,000 | |
| Total assets less current liabilities | £155,124,000 | £155,996,000 | |
| Net assets | £155,146,000 | £155,996,000 | |
| Equity | £155,146,000 | £155,996,000 | |
| Average employees | 11 | 12 | |
| Wages | £848,000 | £1,011,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 285.8% | 49.6% | |
| Net margin | 285.7% | 47.5% | |
| Return on capital employed | 11.6% | 1.9% | |
| Current ratio | 7.13x | 42.91x | |
| Interest cover | 83.21x | 27.44x |
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
- Standalone (parent only)
- Auditor
- Hillier Hopkins LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“This Members' Report and Financial Statements have been prepared on a going concern basis... management has assessed MKDP a going concern.”
Group structure
- MILTON KEYNES DEVELOPMENT PARTNERSHIP LLP · parent
- Milton Keynes Housing Corporation 100%
Significant events
- “In the months leading up to when the accounts are approved by the Board, the LLP sold three of the assets held for sale namely, the Science Park, Walton; Chalkdell Drive B, Shenley Wood and Andersen Gate, Snelshall. These sales completed in June and July 2025 and would reduce the assets Held for Sale balance by £25m combined.”
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 |
|---|---|---|---|---|
| DEVELOPMK LTD | Corporate Llp Designated Member | 2020-03-31 | — | — |
| MILTON KEYNES CITY COUNCIL | Corporate Llp Designated Member | 2012-12-07 | — | — |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GEARY, Andrew Joseph | Llp Designated Member | 2012-12-07 | 2014-06-30 |
| MARLAND, Peter | Llp Designated Member | 2014-06-30 | 2020-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Developmk Limited | Corporate entity | significant-influence-or-control-limited-liability-partnership, significant-influence-or-control-as-trust-limited-liability-partnership, significant-influence-or-control-as-firm-limited-liability-partnership | 2020-03-31 | Ceased 2024-12-10 |
| Peter Marland | Legal person | significant-influence-or-control-as-firm-limited-liability-partnership | 2016-04-06 | Ceased 2020-03-31 |
| Milton Keynes Council | Legal person | significant-influence-or-control-as-firm-limited-liability-partnership | 2016-04-06 | Active |
Filing timeline
Last 20 of 43 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-18 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-18 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2025-08-13 | AA | accounts | Accounts with accounts type full | |
| 2024-12-10 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-10 | LLPSC07 | persons-with-significant-control | Cessation of a person with significant control limited liability partnership | |
| 2024-10-18 | AA | accounts | Accounts with accounts type full | |
| 2024-10-03 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2024-10-01 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2023-12-15 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-07 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2023-10-12 | AA | accounts | Accounts with accounts type full | |
| 2023-08-04 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2023-01-06 | AA | accounts | Accounts with accounts type full | |
| 2022-12-14 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-10 | AA | accounts | Accounts with accounts type full | |
| 2021-12-13 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-22 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-22 | AA | accounts | Accounts with accounts type full | |
| 2020-07-21 | LLPAUD | auditors | Auditors resignation limited liability partnership | |
| 2020-05-05 | LLPSC02 | persons-with-significant-control | Notification of a person with significant control limited liability partnership |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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 2025-03-31 vs 2024-03-31
-
Turnover
-5.1%
£6,288,000 £5,970,000
-
Cash
-34.1%
£4,647,000 £3,061,000
-
Net assets
+0.5%
£155,146,000 £155,996,000
-
Employees
+9.1%
11 12
-
Operating profit
-83.5%
£17,973,000 £2,964,000
-
Profit before tax
-83.9%
£17,757,000 £2,856,000
-
Wages
+19.2%
£848,000 £1,011,000
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