DERWENT LONDON 50 BAKER STREET LIMITED
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Cash
£759k
-68.3% vs 2024
Net assets
£5.3m
+77.8% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£2.3m
-22.2% first positive since 2023
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
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | £4,257,061 | — | |
| Operating profit | — | £3,081,313 | £6,436,950 | +108.9% | |
| Profit before tax | -£7 | £2,988,484 | £2,324,753 | -22.2% | |
| Net profit | -£1,053 | £2,988,709 | £2,324,753 | -22.2% | |
| Cash | — | £2,389,300 | £758,570 | -68.3% | |
| Total assets less current liabilities | — | £3,420,564 | — | — | |
| Net assets | -£1,926 | £2,986,783 | £5,311,536 | +77.8% | |
| Equity | -£1,926 | £2,986,783 | £5,311,536 | +77.8% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | — | — | 151.2% | |
| Net margin | — | — | 54.6% | |
| Return on capital employed | — | 90.1% | — | |
| Gearing (liabilities / total assets) | — | 97.2% | 95.7% | |
| Current ratio | — | 0.12x | 0.03x | |
| Interest cover | — | 33.19x | 1.56x |
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
- DERWENT LONDON 50 BAKER STREET LIMITED 2024-12-04 → present
- DERWENT LAZARI BAKER STREET GP LIMITED 2021-10-12 → 2024-12-04
- DERWENT LAZARI BAKER STREET LIMITED 2021-09-27 → 2021-10-12
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this understanding, the Directors believe that it remains appropriate to prepare the financial statements on a going concern basis notwithstanding the net current liabilities on the Company's balance sheet.”
Significant events
- “In May 2026, the Company exercised its development option with The Portman Estate to regear the head lease on 38-52, 54-60 and 66-70 Baker Street, W1. The Company's original headleases for the development site were surrendered and a new 129 headlease was subsequently granted providing additional development rights across the sites. This has been treated as a £101,900,000 disposal and subsequent acquisition. £3,250,000 was also granted for the redevelopment of the retail unit on behalf of The Portman Estate.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAWLER, David Andrew | Secretary | 2024-12-24 | — | — |
| GEORGE, Nigel Quentin | Director | 2023-03-24 | May 1963 | British |
| PRIDEAUX, Emily Joanna | Director | 2022-04-14 | Sep 1979 | British |
| WILLIAMS, Paul Malcolm | Director | 2021-10-22 | Mar 1960 | British |
| WISNIEWSKI, Damian Mark Alan | Director | 2021-10-22 | Jun 1961 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LAZARI, Nicholas | Secretary | 2021-09-27 | 2021-10-22 |
| DERWENT ASSET MANAGEMENT LIMITED | Corporate Secretary | 2021-10-22 | 2024-12-24 |
| LAZARI, Andrie | Director | 2021-09-27 | 2024-12-02 |
| LAZARI, Leonidas | Director | 2021-09-27 | 2024-12-02 |
| LAZARI, Nicholas | Director | 2021-09-27 | 2024-12-02 |
| SILVERMAN, David Gary | Director | 2023-03-24 | 2024-12-02 |
| SILVERMAN, David Gary | Director | 2021-10-22 | 2022-04-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Derwent Valley London Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-10-22 | Active |
| Lazari Investments Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2021-09-27 | Ceased 2024-12-02 |
Filing timeline
Last 20 of 38 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-04 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-15 | AA | accounts | Accounts with accounts type full | |
| 2026-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-05-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-12-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-04 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-12-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-02 | AA | accounts | Accounts with accounts type full | |
| 2024-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-24 | AA | accounts | Accounts with accounts type full | |
| 2023-04-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-24 | AP01 | officers | Appoint person director company with name date |
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.