P1 REVERSIONS LIMITED
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Cash
£1.1m
-40.3% lowest in 5 filed years
Net assets
£10m
-11.7% vs 2025
Employees
1
0% vs 2025
Profit before tax
-£1.4m
-504.2% lowest in 5 filed years
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £14,569,000 | £14,809,000 | £11,767,000 | £15,777,000 | £8,836,000 | -44% | |
| Operating profit | £6,040,000 | £1,666,000 | £4,232,000 | £1,649,000 | -£535,000 | -132.4% | |
| Profit before tax | £3,235,000 | -£655,000 | £2,435,000 | £358,000 | -£1,447,000 | -504.2% | |
| Net profit | — | — | £2,435,000 | £236,000 | -£1,334,000 | -665.3% | |
| Cash | £1,270,000 | £1,981,000 | £1,486,000 | £1,805,000 | £1,077,000 | -40.3% | |
| Total assets less current liabilities | £71,827,000 | £61,935,000 | £53,976,000 | £39,307,000 | £30,216,000 | -23.1% | |
| Net assets | £9,419,000 | £8,764,000 | £11,199,000 | £11,435,000 | £10,101,000 | -11.7% | |
| Equity | £9,419,000 | £8,764,000 | £11,199,000 | £11,435,000 | £10,101,000 | -11.7% | |
| Average employees | 1 | 1 | 1 | 1 | 1 | 0% | |
| Wages | — | — | £18,000 | £18,000 | £18,000 | 0% | |
| Directors' remuneration | — | — | £18,000 | £18,000 | £18,000 | 0% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | 41.5% | 11.2% | 36.0% | 10.5% | -6.1% | |
| Net margin | — | — | 20.7% | 1.5% | -15.1% | |
| Return on capital employed | 8.4% | 2.7% | 7.8% | 4.2% | -1.8% | |
| Gearing (liabilities / total assets) | — | — | 79.4% | 71.2% | 66.9% | |
| Current ratio | — | — | 8.61x | 5.69x | 7.51x | |
| Interest cover | 2.15x | 0.70x | 2.18x | 1.14x | -0.54x |
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.
Name history
Renamed 2 times since incorporation
- P1 REVERSIONS LIMITED 2007-09-28 → present
- PRESTBURY 1 TEN LIMITED 2007-02-13 → 2007-09-28
- NEWINCCO 654 LIMITED 2007-01-24 → 2007-02-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, at the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources in both the base case and in a severe but plausible scenario to continue in operational existence for the foreseeable future.”
Significant events
- “The Company paid £141,753 of accrued interest on the unsecured loan note on 28 April 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WAYSTONE GOVERNANCE (UK) LIMITED | Corporate Secretary | 2017-11-22 | — | — |
| BERRY, Andrew Martin | Director | 2020-06-12 | Feb 1973 | British |
| GILPIN, George David | Director | 2024-09-20 | Aug 1978 | American |
| WASON, David Kevin | Director | 2022-11-21 | Feb 1970 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GUMM, Sandra Louise | Secretary | 2007-01-31 | 2017-11-22 |
| OLSWANG COSEC LIMITED | Corporate Secretary | 2007-01-24 | 2007-01-31 |
| DEVITT, Gavin, Mr. | Director | 2017-11-22 | 2020-05-21 |
| EVANS, Timothy James | Director | 2007-01-31 | 2017-11-22 |
| GUMM, Sandra Louise | Director | 2007-01-31 | 2017-11-22 |
| LESLAU, Nicholas Mark | Director | 2007-01-31 | 2017-11-22 |
| NORTHOVER, Matthew John | Director | 2017-11-22 | 2022-11-21 |
| SPINNEY, John Nicholas, Mr. | Director | 2017-11-22 | 2024-09-20 |
| OLSWANG DIRECTORS 1 LIMITED | Corporate Nominee Director | 2007-01-24 | 2007-01-31 |
| OLSWANG DIRECTORS 2 LIMITED | Corporate Nominee Director | 2007-01-24 | 2007-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Xyq Cayman Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-11-22 | Ceased 2020-07-01 |
| Prestbury General Partner Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-11-22 |
Filing timeline
Last 20 of 92 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-21 | AA | accounts | Accounts with accounts type full | |
| 2026-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-21 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-03-07 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-03-04 | AA | accounts | Accounts with accounts type full | |
| 2026-03-03 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | AA | accounts | Accounts with accounts type full | |
| 2024-07-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-11 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-24 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-24 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-18 | AA | accounts | Accounts with accounts type full | |
| 2022-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-18 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.