SPRINGFIELD PROPERTIES PLC
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Next accounts due
2026-11-30 (in 6mo)
Last filed for 2025-05-31
Confirmation statement due
2027-02-20 (in 9mo)
Last made up 2026-02-06
Watchouts
None on the register
Cash
£9M
-37.1% vs 2024
Net assets
£171M
+8.2% vs 2024
Employees
622
-10.9% vs 2024
Profit before tax
£19M
+96.7% vs 2024
Name history
Renamed 2 times since incorporation
- SPRINGFIELD PROPERTIES PLC 2004-12-30 → present
- SPRINGFIELD PROPERTIES LTD. 1992-12-16 → 2004-12-30
- SPRINGFIELD MARKET GARDENS (ELGIN) LIMITED 1956-01-28 → 1992-12-16
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-05-31
| Metric | Trend | 2024-05-31 | 2025-05-31 |
|---|---|---|---|
| Turnover | £266,527,000 | £280,557,000 | |
| Operating profit | £17,010,000 | £24,192,000 | |
| Profit before tax | £9,668,000 | £19,019,000 | |
| Net profit | £7,548,000 | £14,096,000 | |
| Cash | £14,935,000 | £9,388,000 | |
| Total assets less current liabilities | £188,616,000 | £200,177,000 | |
| Net assets | £158,207,000 | £171,255,000 | |
| Equity | £158,207,000 | £171,255,000 | |
| Average employees | 698 | 622 | |
| Wages | £32,354,000 | £31,330,000 |
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 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|
| Operating margin | 6.4% | 8.6% | |
| Net margin | 2.8% | 5.0% | |
| Return on capital employed | 9.0% | 12.1% | |
| Gearing (liabilities / total assets) | 48.2% | 42.8% | |
| Current ratio | 2.45x | 2.76x | |
| Interest cover | 2.27x | 4.37x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future and are satisfied that the Group will generate sufficient cash to meet its liabilities as and when they fall due for a period of at least 12 months from signing these financial statements.”
Group structure
- SPRINGFIELD PROPERTIES PLC · parent
- Glassgreen Hire Limited 100%
- Dawn Homes Holdings Limited 100%
- Dawn Homes Limited 100%
- Dawn Homes (Residential) Limited 100%
- Dawn Homes (Cambuslang) Limited 100%
- Walker Group Springfield (Holdings) Limited 100%
- Walker Group (Scotland) Limited 100%
- Walker Group Developments Limited 100%
- Tulloch Homes Holdings Limited 100%
- Tulloch Homes Group Limited 100%
- Tulloch Homes Express Limited 100%
- Tulloch Homes Limited 100%
- Tulloch Limited 100%
- Argyll Developments (Scotland) Limited 100%
- Tulloch Homes (Drumossie) Limited 100%
- Argyll Homes (Hamilton) Limited 100%
- Springfield Timber Kit Systems Limited 100%
- Springfield M&M Homes Limited 100%
- SP SUB 2024 Limited 100%
Significant events
- “Significant reduction in net bank debt to £20.9m from £39.9m.”
- “Profitable land sales secured.”
- “Significant improvement in affordable housing margins.”
- “Total land bank of 7,279 plots (2024: 12,459 plots), 66% (2024: 71%) with planning permission.”
- “Strong submission of c.1,400 acres of land to the Highland Council's call for development sites.”
- “In May 2024, and a number of actions are being taken by the Scottish Government to try and increase housing supply to tackle the emergency.”
- “In December 2024, an affordable housing supply budget of £768m was announced, an increase of 38% on the previous year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TODD, Andrew | Secretary | 2017-09-15 | — | — |
| ADAM, Alexander William | Director | — | Sep 1956 | Scottish |
| BENSON, Matthew James | Director | 2011-09-01 | Jun 1966 | British |
| COOPER, Nicholas Ian | Director | 2018-06-01 | May 1964 | British |
| GARDNER, Alasdair Robert | Director | 2025-09-29 | Sep 1966 | British |
| LOGAN, Iain Alexander James, Mr. | Director | 2023-08-09 | Sep 1973 | British |
| RAE, Colin Kenneth | Director | 2019-09-16 | Nov 1964 | British |
| SMITH, Innes | Director | 2005-08-15 | Jul 1970 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAM, Anne Ferguson | Secretary | 2001-06-19 | 2005-05-01 |
| ADAM, Dorothy J | Secretary | — | 2001-06-19 |
| MOTION, Michelle Hunter | Secretary | 2016-11-01 | 2017-09-15 |
| SMITH, Innes | Secretary | 2005-05-01 | 2016-11-01 |
| ADAM, Anne Ferguson | Director | 2000-07-20 | 2017-09-15 |
| ADAM, Dorothy J | Director | — | 2001-06-19 |
| ADAM, James Gordon | Director | — | 2017-09-15 |
| ADAM, John Duncan | Director | — | 1999-03-11 |
| ANDERSON, Alexander | Director | 2010-04-01 | 2012-04-24 |
| EDDIE, Roger James | Director | 2008-11-13 | 2023-10-31 |
| LEGGEAT, Thomas | Director | 2015-10-14 | 2017-09-15 |
| MACLEOD, Ewan | Director | 2015-10-14 | 2017-09-15 |
| MACLEOD, Robert | Director | 2005-08-16 | 2017-09-15 |
| MAIN, John | Director | 2005-01-07 | 2010-01-04 |
| MOTION, Michelle Hunter | Director | 2014-01-31 | 2023-03-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Alexander William Adam | Individual | Shares 25–50% | 2017-02-10 | Active |
Filing timeline
Last 20 of 367 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-05 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-13 | AA | accounts | Accounts with accounts type group | |
| 2025-10-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-01 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- 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
FY2024 → FY2025 · period ending 2025-05-31 vs 2024-05-31
-
Turnover
+5.3%
£266,527,000 £280,557,000
-
Cash
-37.1%
£14,935,000 £9,388,000
-
Net assets
+8.2%
£158,207,000 £171,255,000
-
Employees
-10.9%
698 622
-
Operating profit
+42.2%
£17,010,000 £24,192,000
-
Profit before tax
+96.7%
£9,668,000 £19,019,000
-
Wages
-3.2%
£32,354,000 £31,330,000
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