How much does Medway Development Company (Land and Projects) Ltd make?

Medway Development Company (Land and Projects) Ltd reported revenue of £32.6m and a loss of £7.6m in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Medway Development Company (Land and Projects) Ltd have?

Medway Development Company (Land and Projects) Ltd reported an average of 0 employees in the year to 31 Mar 2025.

Is Medway Development Company (Land and Projects) Ltd profitable?

No — Medway Development Company (Land and Projects) Ltd reported a loss of £7.6m in the year to 31 Mar 2025.

Company No. 12995131 · Incorporated 4 Nov 2020

Medway Development Company (Land and Projects) Ltd

Registered name: MEDWAY DEVELOPMENT COMPANY (LAND AND PROJECTS) LTD

Part of Medway Council group

Medway Development Company (Land and Projects) Ltd made £32.6m revenue and a £7.6m loss in the year to 31 Mar 2025.

Medway Development Company (Land and Projects) Ltd’s revenue fell 9% to £32.6m in the year to 31 Mar 2025, with a loss of £7.6m and 0 employees. The company is classified under “construction of domestic buildings” and is based in Chatham; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41202Construction of domestic buildings

Status: Active
Location: Chatham, South East
Age: 5 yrs · since 2020
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 Mar 2025

Key figures

Small team

Revenue

£32.6m

Growth ▼9.3%

Profit

−£7.6m

Growth —

Profit margin

−23.4%

Gross −21.4%

Employees

Change —

Profit / employee

—

Profitable streak

0yrs

Consecutive profitable years in our data

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	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£761k	£4.1m	£36m	£32.6m
Cost of sales	—	£4.2m	£38.6m	£39.6m
Gross profit	—	−£75.2k	−£2.6m	−£7m
Operating profit	—	−£449k	−£3.4m	−£7.6m
Profit before tax	—	−£1.4m	−£2.4m	−£7.6m
Profit after tax	—	−£1.4m	−£2.4m	−£7.6m
Profit (best available)	—	−£1.4m	−£2.4m	−£7.6m
Employees (average)	—	0	0	0
Ratios
Profit margin	—	−34.7%	−6.7%	−23.4%
Gross margin	—	−1.8%	−7.1%	−21.4%
Growth (year on year)
Revenue growth	—	▲444.5%	▲768.6%	▼9.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£748k	£1.2m	£402k	£567k
Net assets	—	−£1m	−£3.4m	−£11m
Current assets	—	£75.4m	£76.8m	£72.5m
Debtors	£270k	£168k	£0	£21.5k
Deferred income	—	—	£1.8m	£3.3m
Source	Accounts · bulk data Mar 2024	Accounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2026	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: −23.4%; Profit ÷ revenue.
Gross margin: −21.4%; 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: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 10%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.1%; 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: —; Now −£11m
Cash at bank: ▲41%; Now £567k
Headcount: —; Now 0
Deferred income: ▲80%; Now £3.3m
Fixed assets: —; Now —

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

Medway Council (registered outside the UK register)ultimate parent75–100%
Medway Development Company Limited75–100%
Medway Development Company (Land and Projects) Ltdthis company

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

Sister companies (2)

Medway Development Company (New Homes) LtdFigures not disclosed
Medway Development Company (PRS) LtdFigures not disclosed

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 31 Mar 2025 (profit −£7.6m), from the Companies House accounts bulk data published Mar 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.