NEW WORLD DEVELOPMENTS LIMITED
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Cash
-£1.7m
-180.2% lowest in 4 filed years
Net assets
£5.8m
+0.9% vs 2024
Employees
181
-10.8% lowest in 4 filed years
Profit before tax
£273k
+131.9% first positive since 2023
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £21,718,055 | £21,339,899 | £20,496,183 | £19,823,618 | -3.3% | |
| Operating profit | £590,474 | £461,302 | £389,902 | £494,601 | +26.9% | |
| Profit before tax | £499,642 | -£2,431,855 | £117,753 | £273,049 | +131.9% | |
| Net profit | £401,714 | -£1,796,695 | £445,179 | £346,071 | -22.3% | |
| Cash | £179,053 | £1,918,916 | £2,075,026 | -£1,663,576 | -180.2% | |
| Total assets less current liabilities | £9,076,183 | £8,065,783 | £7,615,134 | £7,312,074 | -4% | |
| Net assets | £7,007,638 | £5,660,761 | £5,758,864 | £5,813,435 | +0.9% | |
| Equity | — | £5,660,761 | £5,758,864 | £5,813,435 | +0.9% | |
| Average employees | 238 | 209 | 203 | 181 | -10.8% | |
| Wages | — | £6,676,357 | £6,592,589 | £6,480,470 | -1.7% | |
| Directors' remuneration | £25,000 | £25,000 | £25,000 | £25,000 | 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 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | 2.7% | 2.2% | 1.9% | 2.5% | |
| Net margin | 1.8% | -8.4% | 2.2% | 1.7% | |
| Return on capital employed | 6.5% | 5.7% | 5.1% | 6.8% | |
| Gearing (liabilities / total assets) | 44.4% | 60.9% | 56.0% | 55.7% | |
| Current ratio | — | 1.19x | 1.23x | 1.22x | |
| Interest cover | 6.36x | 2.18x | 1.41x | 2.16x |
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
- NEW WORLD DEVELOPMENTS LIMITED 1995-09-14 → present
- BALTY LIMITED 1995-06-05 → 1995-09-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- HCA Chartered Accountants Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company reported a profit for the financial year, with an increase in financial performance compared with the reported profit before tax for the comparative financial year. The company also has a robust balance sheet and strong net assets position.”
Significant events
- “The company's banking facilities were renewed in June 2026. This is a non-adjusting event and no adjustment has been made to the amounts recognised in these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MC GILLIAN, Deirdre | Secretary | 1995-06-05 | — | British |
| MC GILLIAN, Austin Alloysius | Director | 1995-06-05 | Sep 1949 | British |
| MC GILLIAN, Deirdre | Director | 1995-06-05 | Sep 1953 | British |
| MCGILLIAN, Asa | Director | 2010-02-01 | Aug 1978 | Irish |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Deirdre Mc Gillian | Individual | Shares 25–50% | 2016-06-06 | Active |
| Mr Asa Mcgillian | Individual | Voting 50–75% | 2016-06-06 | Active |
| Mr Austin Alloysius Mc Gillian | Individual | Shares 25–50% | 2016-06-06 | Active |
Filing timeline
Last 20 of 114 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-08-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-30 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-07-29 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-07-29 | CH01 | officers | Change person director company with change date | |
| 2026-07-29 | CH01 | officers | Change person director company with change date | |
| 2026-07-29 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-07-29 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-07-29 | CH01 | officers | Change person director company with change date | |
| 2026-07-29 | CH01 | officers | Change person director company with change date | |
| 2026-07-29 | CH01 | officers | Change person director company with change date | |
| 2026-07-29 | CH03 | officers | Change person secretary company with change date | |
| 2026-07-29 | CH01 | officers | Change person director company with change date | |
| 2026-07-23 | CH01 | officers | Change person director company with change date | |
| 2026-07-23 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-07-23 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-07-01 | ANNOTATION | miscellaneous | Legacy | |
| 2026-07-01 | ANNOTATION | miscellaneous | Legacy | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-08-06 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 18
- 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.