Ascend Estates Ltd
Private Limited Company · Sale
ActiveUnited KingdomIncorporated 2014Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£3,137,054
Cash
£1,838,498
Turnover
£10,199,637
Profit / loss
£3,515,657
Current assets
£3,845,700
Creditors < 1 year
£1,325,840
Equity
£3,137,054
Average employees
119
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 | 2017-10-3112 months | 2016-10-3112 months | 2015-10-31 | 2014-04-30 | 2014-02-28 |
|---|---|---|---|---|---|---|---|
| Balance sheet | |||||||
| Net assets | £3,137,054 | £621,397 | £177,418 | £154,914 | — | — | £100 |
| Equity | £3,137,054 | £621,397 | £177,418 | £154,914 | −£45,265 | £100 | £100 |
| Share capital | £100 | £100 | — | — | — | — | — |
| Retained earnings | £3,136,954 | £621,297 | — | — | — | — | — |
| Assets | |||||||
| Fixed assets | £672,361 | £707,532 | £212,376 | £71,311 | — | — | — |
| Intangible assets | £19,145 | £55,633 | £87,938 | £0 | — | — | — |
| Property, plant & equipment | £98,108 | £96,791 | £124,436 | £71,311 | £66,745 | £0 | — |
| Investments | £555,108 | £555,108 | — | — | — | — | — |
| Current assets | £3,845,700 | £4,788,409 | £511,892 | £351,265 | £98,995 | £100 | — |
| Cash at bank | £1,838,498 | £3,939,477 | £346,999 | £240,863 | £60,023 | £0 | — |
| Debtors | £2,005,934 | £848,529 | £164,893 | £110,402 | £38,972 | £100 | — |
| Stock | £1,268 | £403 | — | — | — | — | — |
| Liabilities | |||||||
| Creditors within one year | £1,325,840 | £4,874,544 | — | — | £211,005 | £0 | — |
| Provisions | £55,167 | — | — | — | — | — | — |
| Net current assets | £2,519,860 | −£86,135 | £15,042 | £119,652 | −£112,010 | £100 | — |
| Assets less current liabilities | £3,192,221 | £621,397 | £227,418 | £190,963 | −£45,265 | £100 | — |
| Profit & loss | |||||||
| Turnover | £10,199,637 | £8,798,178 | — | — | — | — | — |
| Cost of sales | £209,908 | £151,419 | — | — | — | — | — |
| Gross profit | £9,989,729 | £8,646,759 | — | — | — | — | — |
| Administrative expenses | £7,594,129 | £6,224,243 | — | — | — | — | — |
| Operating profit | £2,395,600 | £2,422,516 | — | — | — | — | — |
| Interest receivable | £1,757,199 | £139,928 | — | — | — | — | — |
| Interest payable | £7,890 | £1,886 | — | — | — | — | — |
| Profit before tax | £4,144,909 | £2,560,558 | — | — | — | — | — |
| Tax | £629,252 | £657,325 | — | — | — | — | — |
| Profit / loss | £3,515,657 | £1,903,233 | — | — | — | — | — |
| Dividends | £1,000,000 | £2,500,000 | — | — | — | — | — |
| Operating costs | |||||||
| Depreciation | £69,080 | £63,780 | — | — | — | — | — |
| Amortisation | £43,996 | £26,059 | — | — | — | — | — |
| Operating lease charges | £201,901 | £424,903 | — | — | — | — | — |
| People & pay | |||||||
| Average employees | 119 | 99 | 32 | 23 | — | — | — |
| Staff costs | £4,944,883 | £3,775,158 | — | — | — | — | — |
| Wages & salaries | £4,339,973 | £3,357,056 | — | — | — | — | — |
| Social security costs | £518,717 | £354,025 | — | — | — | — | — |
| Pension costs | £86,193 | £64,077 | — | — | — | — | — |
| Directors' remuneration | £150,081 | £162,544 | — | — | — | — | — |
| Source evidence | View filing | View filing | View filing | View filing | View filing | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The company's principal activity was property management in the UK single-family rental (SFR) sector
- What it does
- property management · UK single-family rental · rent collection · property lettings and administration · maintenance coordination · service charge management · tenant liaison (AI keywords)
- The year
- Company turnover increased to £10.2 million (2024 £8.8 million), reflecting growth in the managed property portfolio and continued demand for professional property management services. Operating profit for the year amounted to £2.4 million (2024 £2.4 million).
- Audit
- Subsidiary audit exemption, parent guarantee (s479A)
- Immediate parent
- Gatehouse Build to Rent Group Limited
- Ultimate parent
- Gatehouse Financial Group Limited · Jersey
- Ultimate controlling party
- Apollo Global Management, Inc.
- Approved
- 2026-08-21, signed by J Sarmecanic
Turnover by segment (4)
- Provision of Services: 10,199,637 (2025-12-31)
- Provision of Services: 8,798,178 (2024-12-31)
- United Kingdom: 10,199,637 (2025-12-31)
- United Kingdom: 8,798,178 (2024-12-31)
Related parties (1)
- a company in which the spouse of one of the directors is a part of the key management personnel · A company in which the spouse of one of the directors is a part of the key management personnel · Purchases; amount outstanding at year end and included in trade creditors · £103,680 (2024 £17,280); £8,640 (2024 £8,640)
Share classes (2)
- 10,000 Ordinary A Shares of 1p each of 1p
- 10,000 Ordinary A Shares of 1p each of 1p
Events after the year end (1)
- On 31 March 2026, the shareholders of Gatehouse Build to Rent Group Limited completed a sale of 100% of the issued share capital to Aegean Holdco Limited. From this date, Aegean Holdco Limited became the company's intermediate parent company, and the ultimate controlling party is now Apollo Global Management, Inc.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesShow 1 satisfied / released
All Assets · created 2020-07-03 · satisfied 2025-01-22
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Satisfied