VISTRY WATES HOLDINGS LLP
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Next accounts due
2025-12-31
Overdue
Confirmation statement due
2027-04-25 (in 11mo)
Last made up 2026-04-11
Watchouts
Cash
£2M
+109.2% vs 2022
Net assets
£32M
+33.8% vs 2022
Employees
0
Average over period
Profit before tax
£11M
-48.9% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-12-31.
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2023-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Turnover | £145,009,000 | £136,790,000 | |
| Operating profit | £30,218,000 | £22,902,000 | |
| Profit before tax | £20,835,000 | £10,638,000 | |
| Net profit | £17,668,000 | £7,981,000 | |
| Cash | £1,012,000 | £2,117,000 | |
| Total assets less current liabilities | £156,862,000 | £128,612,000 | |
| Net assets | £23,631,000 | £31,612,000 | |
| Equity | £23,631,000 | £31,612,000 | |
| Average employees | 0 | 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 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating margin | 20.8% | 16.7% | |
| Net margin | 12.2% | 5.8% | |
| Return on capital employed | 19.3% | 17.8% | |
| Gearing (liabilities / total assets) | 88.4% | 82.7% | |
| Current ratio | 4.30x | 3.36x | |
| Interest cover | 3.21x | 1.87x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis, which assumes that for the foreseeable future the LLP will be able to meet its liabilities as they fall due. The members believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of Vistry Linden Limited and Wates Group Limited. The members have received confirmation that Vistry Linden Limited and Wates Group Limited intend to support the LLP for at least one year after these financial statements are signed.”
Group structure
- VISTRY WATES HOLDINGS LLP · parent
- Vistry Wates Finance LLP 100%
- Vistry Wates Nominee Limited 100%
- Linden Wates (Westbury) Limited 100%
- Linden Wates (Barrow Gurney) Limited 100%
- Linden Wates (Bricket Wood) Limited 100%
- Linden (Basingstoke) Limited 100%
- Linden Wates (Walberton) LLP 100%
- Linden Wates (Royston) LLP 100%
- Vistry Wates (Leybourne) LLP 100%
- Vistry Wates (Buckingham) LLP 100%
Significant events
- “On 25 June 2024 the Group's bankers, National Westminster Bank PLC, accepted the Group's request to extend the repayment date of the external financing of £40.0m from June 2024 to June 2025 as permitted in the original loan agreement.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VISTRY LINDEN LIMITED | Corporate Llp Designated Member | 2021-04-12 | — | — |
| WATES GROUP LIMITED | Corporate Llp Designated Member | 2021-04-12 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vistry Linden Limited | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2021-04-12 | Active |
| Wates Group Limited | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2021-04-12 | Active |
Filing timeline
Last 11 of 11 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-22 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-17 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | AA | accounts | Accounts with accounts type group | |
| 2024-04-11 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-20 | AA | accounts | Accounts with accounts type group | |
| 2023-04-11 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-30 | AA | accounts | Accounts with accounts type group | |
| 2022-04-14 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-17 | LLAA01 | accounts | Change account reference date limited liability partnership current shortened | |
| 2021-07-05 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2021-04-12 | LLIN01 | incorporation | Incorporation limited liability partnership |
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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
-5.7%
£145,009,000 £136,790,000
-
Cash
+109.2%
£1,012,000 £2,117,000
-
Net assets
+33.8%
£23,631,000 £31,612,000
-
Employees
—
Not reported
-
Operating profit
-24.2%
£30,218,000 £22,902,000
-
Profit before tax
-48.9%
£20,835,000 £10,638,000
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