How much does Towncore Properties Limited make?

Towncore Properties Limited reported revenue of £486k and £491k profit in the year to 30 Apr 2025, according to its accounts filed at Companies House.

How many employees does Towncore Properties Limited have?

Towncore Properties Limited reported an average of 3 employees in the year to 30 Apr 2025.

Is Towncore Properties Limited profitable?

Yes — Towncore Properties Limited reported a profit of £491k in the year to 30 Apr 2025.

Company No. 02416902 · Incorporated 24 Aug 1989

Towncore Properties Limited

Registered name: TOWNCORE PROPERTIES LIMITED

Part of Registered Holdings Limited group

Towncore Properties Limited made £486k revenue and £491k profit in the year to 30 Apr 2025.

Towncore Properties Limited’s revenue grew 7% to £486k in the year to 30 Apr 2025, with £491k profit and 3 employees. The company is classified under “renting and operating of housing association real estate” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68201Renting and operating of Housing Association real estate

Status: Active
Location: London, London
Age: 37 yrs · since 1989
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 30 Apr 2025

Key figures

Small team

Revenue

£486k

Growth ▲7.1%

Profit

£491k

Growth ▲4.2%

Profit margin

101%

Gross 63.1%

Employees

Change 0%

Profit / employee

£164k

Revenue/employee £162k

Profitable streak

4yrs

Consecutive profitable years in our data

Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Apr 2022	30 Apr 2023	30 Apr 2024	30 Apr 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£495k	£490k	£453k	£486k
Cost of sales	£301k	£283k	£256k	£179k
Gross profit	£194k	£207k	£198k	£307k
Operating profit	£2.3m	£420k	£912k	£847k
Profit before tax	£2m	£145k	£609k	£656k
Profit after tax	£1.2m	£140k	£471k	£491k
Profit (best available)	£1.2m	£140k	£471k	£491k
Employees (average)	3	3	3	3
Ratios
Profit margin	249.2%	28.6%	103.8%	101%
Gross margin	39.3%	42.3%	43.6%	63.1%
Revenue per employee	£165k	£163k	£151k	£162k
Profit per employee	£411k	£46.7k	£157k	£164k
Growth (year on year)
Revenue growth	—	▼1%	▼7.5%	▲7.1%
Profit growth	—	▼88.6%	▲235.8%	▲4.2%
Headcount growth	—	0%	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.4k	£200k	£3.9k	£3.8k
Net assets	£9.2m	£9.4m	£9.8m	£10.3m
Fixed assets	£16.3m	£15.1m	£14.2m	£13.2m
Current assets	£53.3k	£286k	£68k	£96.1k
Debtors	£51.9k	£86k	£64.1k	£92.3k
Deferred income	£86.9k	£86.8k	£82.5k	£60.9k
Source	Accounts · bulk data Nov 2023	Accounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Jan 2026

Derived from the latest filing

How the business works

Profit margin: 101%; Profit ÷ revenue.
Gross margin: 63.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £162k; Revenue ÷ average employees.
Profit per employee: £164k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2718%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 12.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲5%; Now £10.3m
Cash at bank: ▼4%; Now £3.8k
Headcount: 0%; Now 3
Deferred income: ▼26%; Now £60.9k
Fixed assets: ▼7%; Now £13.2m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Registered Holdings Limitedultimate parent75–100%
Towncore Properties Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

R. E. H. Property Investment Co. LimitedRev. £134k · Profit £731k

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Apr 2025 (profit £491k), from the Companies House accounts bulk data published Jan 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.