Lucy Developments Limited
Development of building projects · Oxford
ActiveUnited KingdomIncorporated 2002Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£157,173
Cash
£1,925,788
Turnover
£28,709,799
Profit / loss
−£3,740,765
Current assets
£41,708,532
Creditors < 1 year
£7,449,067
Equity
£157,173
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3112 months · Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £157,173 | £3,897,938 |
| Equity | £157,173 | £3,897,938 |
| Share capital | £1,000 | £1,000 |
| Retained earnings | £156,173 | £3,896,938 |
| Assets | ||
| Fixed assets | £400,524 | £426,697 |
| Property, plant & equipment | £64,389 | £90,562 |
| Investments | £336,135 | £336,135 |
| Current assets | £41,708,532 | £32,612,067 |
| Cash at bank | £1,925,788 | £731,271 |
| Debtors | £4,029,603 | £1,261,365 |
| Stock | £35,753,141 | £30,619,431 |
| Liabilities | ||
| Creditors within one year | £7,449,067 | £3,434,382 |
| Creditors after one year | £34,500,000 | £25,700,000 |
| Provisions | £2,816 | £6,444 |
| Net current assets | £34,259,465 | £29,177,685 |
| Assets less current liabilities | £34,659,989 | £29,604,382 |
| Profit & loss | ||
| Turnover | £28,709,799 | £17,800,782 |
| Cost of sales | £27,695,594 | £16,830,996 |
| Gross profit | −£77,703 | £651,558 |
| Distribution costs | £694,720 | £192,812 |
| Administrative expenses | £931,056 | £890,192 |
| Other operating income | £11,852 | £11,731 |
| Operating profit | −£1,691,627 | −£419,715 |
| Interest receivable | — | £5,212 |
| Interest payable | £2,143,489 | £961,406 |
| Profit before tax | −£4,987,314 | −£1,375,909 |
| Tax | −£1,246,549 | −£9,762 |
| Profit / loss | −£3,740,765 | −£1,366,147 |
| Operating costs | ||
| Depreciation | £26,173 | — |
| Audit fees | £6,300 | £4,800 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- What it does
- designing and building homes · residential developments · sustainable communities · premium specifications · land partnerships (AI keywords)
- The year
- Lucy Developments continued to face significant financial challenges in 2025, driven by market softness, reduced profitability margins, and slower progress across development sites. Revenue increased by 61.3% compared to the prior year, reaching £28.7 million. Despite costs continuing to be well controlled, profitability remained weak. The business recorded a gross loss of £0.1 million (2024: profit of £0.7 million) and a pre tax loss of £5.0 million, compared with a loss of £1.4 million in 2024.
- Outlook
- Looking ahead to 2026, the business remains focused on strengthening cash management, maintaining strict cost control, accelerating sales activity, and rebuilding profit margins to restore financial stability.
- Auditor
- Wenn Townsend · senior statutory auditor Ajay Bahl BA BFP FCA
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Lucy Group Ltd · England & Wales
- Ultimate parent
- W. L. Shareholding Company Limited · England & Wales
- Ultimate controlling party
- W. L. Shareholding Company Limited
- Accounts
- FRS 101
- Approved
- 2026-02-27, signed by C. R. Dick, J. C. Finch-Dick
Borrowings (1)
- £35m loan facility · from group undertakings · 34,500,000 · 3% over SONIA (Sterling overnight index average) · The facility is available for seven years.
Share classes (1)
- 1,000 Ordinary of £1
Principal risks (6)
- Macroeconomic environment
- shortage of consented development sites
- planning policy changes
- house price growth
- continued cost price inflation
- Strategy implementation
Events after the year end (1)
- On 17 February 2026 additional share capital of 5,000,000 ordinary shares were issued at £1 per share to the parent company Lucy Group Limited.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
3 outstanding chargesSusan Elizabeth Fuller<<<<<, Andrew Charles Fuller<<<<<, Roy Ian Fuller<<<<<, Welbeck Strategic Land V Limited<<<<<
Property · created 2025-11-24
—
OutstandingFixed · created 2024-06-21
—
OutstandingProperty · created 2023-03-29
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OutstandingShow 1 satisfied / released
Property · created 2020-03-31 · satisfied 2021-02-15
—
Satisfied