NORTHSTONE DEVELOPMENT LIMITED
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Cash
£5.6m
-46.8% vs 2025
Net assets
£9.8m
-14.1% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£1.5m
-208.7% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £38,942,000 | £55,867,000 | £46,653,000 | -16.5% | |
| Operating profit | £2,007,000 | £3,882,000 | £1,745,000 | -55% | |
| Profit before tax | -£1,139,000 | £1,394,000 | -£1,515,000 | -208.7% | |
| Net profit | -£851,000 | £1,040,000 | — | — | |
| Cash | — | £10,546,000 | £5,615,000 | -46.8% | |
| Total assets less current liabilities | — | £13,618,000 | £47,373,000 | +247.9% | |
| Net assets | — | £11,448,000 | £9,838,000 | -14.1% | |
| Equity | £10,408,000 | £11,448,000 | £9,838,000 | -14.1% | |
| Average employees | — | — | — | — | |
| Wages | — | — | £3,202,000 | — | |
| Directors' remuneration | — | — | — | — |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 5.2% | 6.9% | 3.7% | |
| Net margin | -2.2% | 1.9% | — | |
| Return on capital employed | — | 28.5% | 3.7% | |
| Gearing (liabilities / total assets) | — | 80.2% | 89.6% | |
| Current ratio | — | 1.31x | 2.01x | |
| Interest cover | 0.56x | 1.37x | 0.53x |
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 1 time since incorporation
- NORTHSTONE DEVELOPMENT LIMITED 2018-12-19 → present
- PEEL HOMES (UK) PROP CO LIMITED 2018-08-06 → 2018-12-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have received confirmation that Northstone Development Holdings Limited ("Holdings"), the divisional holding company, will continue to provide the necessary level of support to enable the company to continue to operate for at least the 12 months from signing the financial statements.”
Group structure
- NORTHSTONE DEVELOPMENT LIMITED · parent
- Northstone Development (Pemberton) Limited 100%
- Silkash Management Company Limited 100%
- Keld Management Company Limited 100%
- Glisk Management Company Limited 100%
- Airie Management Company Limited 100%
- Tulach Management Company Limited 100%
- Cynefin Management Company Limited 100%
- Breacla Management Company Limited 100%
- Windle Management Company Limited 100%
- Merse Management Company Limited 100%
Significant events
- “On 20 May 2025 a loan facility was refinanced with National Westminster Bank Plc, which was increased to £40m.”
- “In the year, the payroll of employees was transferred under the control of Northstone Development Limited from Peel L&P Group Management Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EVES, Christopher | Director | 2025-05-19 | Jun 1985 | British |
| UNDERWOOD, Steven Keith | Director | 2018-08-06 | Mar 1974 | British |
| WHITTAKER, John Peter | Director | 2018-08-06 | Aug 1982 | British |
| WHITWORTH, Mark | Director | 2023-05-03 | May 1966 | British |
| WILSON, Philip Michael | Director | 2019-04-03 | Jun 1968 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEES, Neil | Secretary | 2018-08-06 | 2020-10-15 |
| COLTON, Matthew Paul | Director | 2023-08-02 | 2025-12-15 |
| LEES, Neil | Director | 2018-08-06 | 2020-10-15 |
| SCHOFIELD, John Alexander | Director | 2018-08-06 | 2023-09-30 |
| WHITTAKER, James | Director | 2018-08-06 | 2023-10-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Northstone Development Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-08-06 | Active |
Filing timeline
Last 20 of 57 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-29 | AA | accounts | Accounts with accounts type full | |
| 2025-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-19 | AA | accounts | Accounts with accounts type full | |
| 2024-08-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-28 | SH01 | capital | Capital allotment shares | |
| 2023-12-21 | AA | accounts | Accounts with accounts type full | |
| 2023-10-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-12 | CH01 | officers | Change person director company with change date | |
| 2023-05-11 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-25 | AA | accounts | Accounts with accounts type small | |
| 2022-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-10 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.