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Company No. 11421934 · Incorporated 19 Jun 2018

CW Properties (B2) Limited

Registered name: CW PROPERTIES (B2) LIMITED

Part of Canary Wharf Group Investment Holdings PLC group

CW Properties (B2) Limited made £5.9m revenue and £3m profit in the year to 31 Dec 2025.

CW Properties (B2) Limited’s revenue fell 31% to £5.9m in the year to 31 Dec 2025, with £3m profit and 0 employees. The company is classified under “development of building projects” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects
Status
Active
Location
London, London
Age
8 yrs · since 2018
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 31 Dec 2025

Key figures

Small team
Revenue
£5.9m
Growth ▼31.3%
Profit
£3m
Growth ▲383.6%
Profit margin
51.5%
Gross 87.8%
Employees
0
Change —
Profit / employee
—
 
Profitable streak
2yrs
Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202331 Dec 202431 Dec 2025
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£6.4m£8.5m£5.9m
Cost of sales£497k£2.1m£718k
Gross profit£5.9m£6.4m£5.1m
Operating profit−£14.2m£2.1m£4.5m
Profit before tax−£15.6m£624k£3m
Profit after tax−£15.6m£624k£3m
Profit (best available)−£15.6m£624k£3m
Employees (average)000
Ratios
Profit margin−245%7.3%51.5%
Gross margin92.2%75.5%87.8%
Growth (year on year)
Revenue growth—▲33.8%▼31.3%
Profit growth——▲383.6%
Balance sheet — indirect signals, not revenue
Cash at bank£2.2m£1.7m£2.4m
Net assets£51.5m£52.1m£55.1m
Fixed assets£83m£78.8m£78.2m
Current assets£15.3m£22.7m£25.1m
Debtors£1.4m£908k£232k
Deferred income£1.8m£3.8m£1.4m
SourceFullAccounts · bulk data Sep 2025FullAccounts · bulk data Sep 2025FullAccounts · bulk data Sep 2026
Derived from the latest filing

How the business works

Profit margin
51.5%
Profit ÷ revenue.
Gross margin
87.8%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
—
Revenue ÷ average employees.
Profit per employee
—
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
1335%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
23.3%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
4%
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
▲6%
Now £55.1m
Cash at bank
▲43%
Now £2.4m
Headcount
—
Now 0
Deferred income
▼64%
Now £1.4m
Fixed assets
▼1%
Now £78.2m

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

  1. Canary Wharf Group Investment Holdings PLCultimate parent75–100%
  2. Songbird Finance Limited50–75%
  3. CWG Newco Limited75–100%
  4. Canary Wharf Group PLC75–100%
  5. Canary Wharf Estate Limited75–100%
  6. Canary Wharf Holdings Limited75–100%
  7. Canary Wharf Investments Limited75–100%
  8. CW Properties (B2) Limitedthis company

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

Sister companies (56)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £3m), from the Companies House accounts bulk data published Sep 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.