trilogy logistics reit limited
trilogy logistics reit limited Company Information
Company Number
04330721
Next Accounts
Jan 2026
Shareholders
threadneedle ukpec ii curtis jersey lp acting by its general partner sackville property curtis (jersey gp) limited
Group Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
cannon place 78 cannon street, london, EC4N 6AG
trilogy logistics reit limited Estimated Valuation
Pomanda estimates the enterprise value of TRILOGY LOGISTICS REIT LIMITED at £161.8m based on a Turnover of £28.3m and 5.72x industry multiple (adjusted for size and gross margin).
trilogy logistics reit limited Estimated Valuation
Pomanda estimates the enterprise value of TRILOGY LOGISTICS REIT LIMITED at £767.7m based on an EBITDA of £68.6m and a 11.19x industry multiple (adjusted for size and gross margin).
trilogy logistics reit limited Estimated Valuation
Pomanda estimates the enterprise value of TRILOGY LOGISTICS REIT LIMITED at £629.5m based on Net Assets of £360.5m and 1.75x industry multiple (adjusted for liquidity).
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Trilogy Logistics Reit Limited Overview
Trilogy Logistics Reit Limited is a live company located in london, EC4N 6AG with a Companies House number of 04330721. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in November 2001, it's largest shareholder is threadneedle ukpec ii curtis jersey lp acting by its general partner sackville property curtis (jersey gp) limited with a 100% stake. Trilogy Logistics Reit Limited is a mature, large sized company, Pomanda has estimated its turnover at £28.3m with healthy growth in recent years.
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Trilogy Logistics Reit Limited Health Check
Pomanda's financial health check has awarded Trilogy Logistics Reit Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
5 Regular
1 Weak
Size
annual sales of £28.3m, make it larger than the average company (£914k)
£28.3m - Trilogy Logistics Reit Limited
£914k - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.4%)
6% - Trilogy Logistics Reit Limited
5.4% - Industry AVG
Production
with a gross margin of 74.8%, this company has a comparable cost of product (73%)
74.8% - Trilogy Logistics Reit Limited
73% - Industry AVG
Profitability
an operating margin of 241.4% make it more profitable than the average company (28.2%)
241.4% - Trilogy Logistics Reit Limited
28.2% - Industry AVG
Employees
with 152 employees, this is above the industry average (4)
- Trilogy Logistics Reit Limited
4 - Industry AVG
Pay Structure
on an average salary of £33.8k, the company has an equivalent pay structure (£33.8k)
- Trilogy Logistics Reit Limited
£33.8k - Industry AVG
Efficiency
resulting in sales per employee of £186.1k, this is equally as efficient (£186.9k)
- Trilogy Logistics Reit Limited
£186.9k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is near the average (32 days)
32 days - Trilogy Logistics Reit Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (37 days)
1 days - Trilogy Logistics Reit Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Trilogy Logistics Reit Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 108 weeks, this is more cash available to meet short term requirements (10 weeks)
108 weeks - Trilogy Logistics Reit Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.9%, this is a lower level of debt than the average (70.2%)
55.9% - Trilogy Logistics Reit Limited
70.2% - Industry AVG
TRILOGY LOGISTICS REIT LIMITED financials
Trilogy Logistics Reit Limited's latest turnover from April 2024 is £28.3 million and the company has net assets of £360.5 million. According to their latest financial statements, we estimate that Trilogy Logistics Reit Limited has 152 employees and maintains cash reserves of £35.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 28,281,000 | 28,059,000 | 24,862,000 | 23,952,000 | 30,393,000 | 27,696,000 | 55,858,000 | 50,300,000 | 48,942,000 | 44,989,000 | 41,177,000 | 2,580,000 | 143,000 | 52,000,000 | 348,900,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 7,120,000 | 4,742,000 | 9,004,000 | 6,660,000 | |||||||||||
| Gross Profit | 21,161,000 | 23,317,000 | 15,858,000 | 17,292,000 | |||||||||||
| Admin Expenses | 2,438,000 | 1,011,000 | |||||||||||||
| Operating Profit | 13,420,000 | 16,281,000 | 25,713,000 | 16,057,000 | -13,443,000 | -12,403,000 | -6,184,000 | -4,635,000 | -5,105,000 | -67,653,000 | -24,650,000 | 93,400,000 | 56,100,000 | ||
| Interest Payable | 13,537,000 | 7,783,000 | 4,558,000 | 10,872,000 | 14,563,000 | 14,644,000 | 142,000 | 89,000 | 49,000 | 46,000 | 41,191,000 | 9,011,000 | 26,500,000 | 23,000,000 | |
| Interest Receivable | 863,000 | 145,000 | 145,000 | 204,000 | 208,000 | 364,000 | 16,000 | 25,000 | 200,000 | 100,000 | |||||
| Pre-Tax Profit | 36,741,000 | 61,937,000 | 164,081,000 | 138,605,000 | 20,305,000 | 30,321,000 | 3,011,598,000 | -12,347,000 | -5,980,000 | -4,476,000 | -4,787,000 | -108,828,000 | 116,364,000 | 80,100,000 | 45,600,000 |
| Tax | -10,886,000 | -17,283,000 | -47,969,000 | -20,198,000 | -3,440,000 | -5,811,000 | -2,333,000 | 8,312,000 | -2,582,000 | -2,043,000 | -1,217,000 | -5,998,000 | 317,000 | 4,300,000 | -8,700,000 |
| Profit After Tax | 25,855,000 | 44,654,000 | 116,112,000 | 118,407,000 | 16,865,000 | 24,510,000 | 3,009,265,000 | -4,035,000 | -8,562,000 | -6,519,000 | -6,004,000 | -114,826,000 | 116,681,000 | 84,400,000 | 36,900,000 |
| Dividends Paid | 4,630,000,000 | 671,554,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | |||||||||
| Retained Profit | 25,855,000 | 44,654,000 | 116,112,000 | 118,407,000 | 16,865,000 | -4,605,490,000 | 2,337,711,000 | -4,035,000 | -8,562,000 | -6,519,000 | -6,004,000 | -134,826,000 | 96,681,000 | 64,700,000 | 16,900,000 |
| Employee Costs | 119,000 | 416,000 | 381,000 | 40,764,000 | 34,054,000 | 31,197,000 | 30,040,000 | 25,331,000 | 22,704,000 | 6,908,000 | 80,500,000 | 77,900,000 | |||
| Number Of Employees | 1 | 3 | 3 | 693 | 506 | 370 | 333 | 310 | 269 | 119 | 2,591 | 2,575 | |||
| EBITDA* | 13,420,000 | 16,281,000 | 25,713,000 | 16,057,000 | -13,443,000 | -12,274,000 | -6,184,000 | -4,635,000 | -5,105,000 | -67,653,000 | -24,650,000 | 157,600,000 | 117,200,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 14,950,000 | 14,950,000 | 681,991,000 | 522,155,000 | 431,110,000 | 414,016,000 | 386,655,000 | 2,258,385,000 | 1,568,000,000 | 1,565,200,000 | |||||
| Intangible Assets | 10,000,000 | ||||||||||||||
| Investments & Other | 761,156,000 | 714,950,000 | 669,151,000 | 511,957,000 | 431,110,000 | 414,016,000 | 386,639,000 | 2,258,385,000 | 2,258,673,000 | 2,258,555,000 | 2,257,636,000 | 2,257,586,000 | 349,970,000 | 334,800,000 | 325,600,000 |
| Debtors (Due After 1 year) | 6,420,000 | 5,099,000 | |||||||||||||
| Total Fixed Assets | 776,106,000 | 729,900,000 | 675,571,000 | 517,056,000 | 431,110,000 | 414,016,000 | 386,655,000 | 2,258,385,000 | 2,258,673,000 | 2,258,555,000 | 2,257,636,000 | 2,257,586,000 | 349,970,000 | 1,578,000,000 | 1,565,200,000 |
| Stock & work in progress | 1,100,000 | 1,000,000 | |||||||||||||
| Trade Debtors | 2,504,000 | 2,819,000 | 4,229,000 | 5,882,000 | 4,192,000 | 4,873,000 | 17,000,000 | 12,400,000 | |||||||
| Group Debtors | 13,000 | 7,207,000 | 4,588,550,000 | 527,826,000 | 349,548,000 | 265,669,000 | 213,023,000 | 70,688,000 | 228,077,000 | ||||||
| Misc Debtors | 2,324,000 | 627,000 | 631,000 | 225,000 | 4,052,000 | 3,110,000 | 1,651,000 | 23,117,000 | 26,907,000 | 21,634,000 | 22,060,000 | 3,574,000 | 150,000 | 15,900,000 | 17,800,000 |
| Cash | 35,538,000 | 25,982,000 | 10,790,000 | 8,125,000 | 7,302,000 | 3,427,000 | 5,910,000 | 22,605,000 | 3,244,000 | 13,521,000 | 50,195,000 | 1,367,000 | 8,500,000 | 2,600,000 | |
| misc current assets | 556,000 | 660,000 | 595,000 | 351,000 | 2,600,000 | ||||||||||
| total current assets | 40,922,000 | 30,088,000 | 16,245,000 | 15,635,000 | 15,559,000 | 21,217,000 | 4,590,201,000 | 556,853,000 | 399,060,000 | 290,547,000 | 248,604,000 | 124,457,000 | 229,594,000 | 42,500,000 | 33,800,000 |
| total assets | 817,028,000 | 759,988,000 | 691,816,000 | 532,691,000 | 446,669,000 | 435,233,000 | 4,976,856,000 | 2,815,238,000 | 2,657,733,000 | 2,549,102,000 | 2,506,240,000 | 2,382,043,000 | 579,564,000 | 1,620,500,000 | 1,599,000,000 |
| Bank overdraft | 300,000 | 2,300,000 | |||||||||||||
| Bank loan | 8,934,000 | ||||||||||||||
| Trade Creditors | 22,000 | 124,000 | 208,000 | 139,000 | 140,000 | 397,386,000 | 6,709,000 | 6,753,000 | 3,573,000 | 3,241,000 | 9,248,000 | 28,300,000 | 33,300,000 | ||
| Group/Directors Accounts | 311,974,000 | 200,256,000 | 158,909,000 | 30,000,000 | |||||||||||
| other short term finances | 1,926,000 | 1,361,000 | 941,000 | 1,021,000 | 100,000 | ||||||||||
| hp & lease commitments | 922,000 | 678,000 | 698,000 | 718,000 | 1,300,000 | ||||||||||
| other current liabilities | 14,175,000 | 15,724,000 | 13,353,000 | 8,706,000 | 389,937,000 | 338,615,000 | 507,999,000 | 34,441,000 | 32,146,000 | 24,444,000 | 17,145,000 | 82,600,000 | 75,200,000 | ||
| total current liabilities | 17,045,000 | 17,887,000 | 15,200,000 | 19,518,000 | 390,077,000 | 397,386,000 | 338,615,000 | 514,708,000 | 353,168,000 | 235,975,000 | 186,594,000 | 56,393,000 | 112,600,000 | 110,800,000 | |
| loans | 327,119,000 | 298,975,000 | 475,457,000 | 473,550,000 | 263,333,000 | 759,400,000 | 695,800,000 | ||||||||
| hp & lease commitments | 18,375,000 | 19,297,000 | 19,975,000 | 20,673,000 | |||||||||||
| Accruals and Deferred Income | 20,000,000 | ||||||||||||||
| other liabilities | 19,800,000 | ||||||||||||||
| provisions | 93,950,000 | 85,001,000 | 147,984,000 | 55,414,000 | 13,952,000 | 10,192,000 | 582,400,000 | 702,800,000 | |||||||
| total long term liabilities | 439,444,000 | 403,273,000 | 379,287,000 | 328,641,000 | 6,976,000 | 5,096,000 | 263,333,000 | 690,900,000 | 719,100,000 | ||||||
| total liabilities | 456,489,000 | 421,160,000 | 394,487,000 | 348,159,000 | 397,053,000 | 402,482,000 | 338,615,000 | 514,708,000 | 353,168,000 | 235,975,000 | 186,594,000 | 56,393,000 | 263,333,000 | 803,500,000 | 829,900,000 |
| net assets | 360,539,000 | 338,828,000 | 297,329,000 | 184,532,000 | 49,616,000 | 32,751,000 | 4,638,241,000 | 2,300,530,000 | 2,304,565,000 | 2,313,127,000 | 2,319,646,000 | 2,325,650,000 | 316,231,000 | 817,000,000 | 769,100,000 |
| total shareholders funds | 360,539,000 | 338,828,000 | 297,329,000 | 184,532,000 | 49,616,000 | 32,751,000 | 4,638,241,000 | 2,300,530,000 | 2,304,565,000 | 2,313,127,000 | 2,319,646,000 | 2,325,650,000 | 316,231,000 | 817,000,000 | 769,100,000 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 13,420,000 | 16,281,000 | 25,713,000 | 16,057,000 | -13,443,000 | -12,403,000 | -6,184,000 | -4,635,000 | -5,105,000 | -67,653,000 | -24,650,000 | 93,400,000 | 56,100,000 | ||
| Depreciation | 374,000 | 346,000 | 129,000 | 64,200,000 | 61,100,000 | ||||||||||
| Amortisation | |||||||||||||||
| Tax | -10,886,000 | -17,283,000 | -47,969,000 | -20,198,000 | -3,440,000 | -5,811,000 | -2,333,000 | 8,312,000 | -2,582,000 | -2,043,000 | -1,217,000 | -5,998,000 | 317,000 | 4,300,000 | -8,700,000 |
| Stock | -1,100,000 | 100,000 | 1,000,000 | ||||||||||||
| Debtors | 1,382,000 | -7,834,000 | 74,000 | 2,949,000 | -6,933,000 | -4,575,011,000 | 4,039,258,000 | 174,488,000 | 89,152,000 | 52,220,000 | 160,821,000 | -153,965,000 | 195,327,000 | 2,700,000 | 30,200,000 |
| Creditors | -102,000 | -84,000 | 69,000 | -1,000 | -397,246,000 | 397,386,000 | -6,709,000 | -44,000 | 3,180,000 | 332,000 | -6,007,000 | 9,248,000 | -28,300,000 | -5,000,000 | 33,300,000 |
| Accruals and Deferred Income | -1,549,000 | 2,371,000 | 4,647,000 | -381,231,000 | 389,937,000 | -338,615,000 | -169,384,000 | 473,558,000 | 2,295,000 | 7,702,000 | 7,299,000 | 17,145,000 | -102,600,000 | 27,400,000 | 75,200,000 |
| Deferred Taxes & Provisions | 8,949,000 | -62,983,000 | 92,570,000 | 41,462,000 | 3,760,000 | 10,192,000 | -582,400,000 | -120,400,000 | 702,800,000 | ||||||
| Cash flow from operations | 62,663,000 | -346,636,000 | 25,657,000 | 4,654,220,000 | -4,231,127,000 | 295,064,000 | -92,443,000 | -50,864,000 | -165,851,000 | 106,707,000 | -931,860,000 | 61,100,000 | 888,600,000 | ||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 46,206,000 | 45,799,000 | 157,194,000 | 80,847,000 | 17,094,000 | 27,377,000 | -1,871,746,000 | -288,000 | 118,000 | 919,000 | 50,000 | 1,907,616,000 | 15,170,000 | 9,200,000 | 325,600,000 |
| cash flow from investments | -46,206,000 | -45,799,000 | |||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -8,934,000 | 8,934,000 | |||||||||||||
| Group/Directors Accounts | -311,974,000 | 111,718,000 | 41,347,000 | 128,909,000 | 30,000,000 | ||||||||||
| Other Short Term Loans | 565,000 | 420,000 | -80,000 | 1,021,000 | -100,000 | 100,000 | |||||||||
| Long term loans | 28,144,000 | -176,482,000 | 1,907,000 | 473,550,000 | -263,333,000 | -496,067,000 | 63,600,000 | 695,800,000 | |||||||
| Hire Purchase and Lease Commitments | -678,000 | -698,000 | -718,000 | 21,391,000 | -1,300,000 | 1,300,000 | |||||||||
| other long term liabilities | -19,800,000 | 19,800,000 | |||||||||||||
| share issue | |||||||||||||||
| interest | -12,674,000 | -7,783,000 | -4,558,000 | -10,872,000 | -14,563,000 | -14,644,000 | 3,000 | 56,000 | 204,000 | 159,000 | 318,000 | -41,175,000 | -8,986,000 | -26,300,000 | -22,900,000 |
| cash flow from financing | 11,213,000 | -187,698,000 | -15,698,000 | 510,533,000 | -14,563,000 | -14,644,000 | 3,000 | -311,918,000 | 111,922,000 | 41,506,000 | 129,227,000 | 1,869,737,000 | -1,103,903,000 | 2,100,000 | 1,444,900,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 9,556,000 | 15,192,000 | 2,665,000 | 823,000 | 3,875,000 | 3,427,000 | -5,910,000 | -16,695,000 | 19,361,000 | -10,277,000 | -36,674,000 | 48,828,000 | -7,133,000 | 5,900,000 | 2,600,000 |
| overdraft | -300,000 | -2,000,000 | 2,300,000 | ||||||||||||
| change in cash | 9,556,000 | 15,192,000 | 2,665,000 | 823,000 | 3,875,000 | 3,427,000 | -5,910,000 | -16,695,000 | 19,361,000 | -10,277,000 | -36,674,000 | 48,828,000 | -6,833,000 | 7,900,000 | 300,000 |
trilogy logistics reit limited Credit Report and Business Information
Trilogy Logistics Reit Limited Competitor Analysis
Perform a competitor analysis for trilogy logistics reit limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other large companies, companies in EC4N area or any other competitors across 12 key performance metrics.
trilogy logistics reit limited Ownership
TRILOGY LOGISTICS REIT LIMITED group structure
Trilogy Logistics Reit Limited has 3 subsidiary companies.
Ultimate parent company
SACKVILLE PROPERTY CURTIS (JERSEY GP)
#0131616
1 parent
TRILOGY LOGISTICS REIT LIMITED
04330721
3 subsidiaries
trilogy logistics reit limited directors
Trilogy Logistics Reit Limited currently has 5 directors. The longest serving directors include Mr James Rigg (Aug 2020) and Mr Giuseppe Vullo (Aug 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Rigg | United Kingdom | 56 years | Aug 2020 | - | Director |
| Mr Giuseppe Vullo | United Kingdom | 52 years | Aug 2020 | - | Director |
| Mr Stephen Lauder | United Kingdom | 47 years | Aug 2020 | - | Director |
| Mr Thomas Weeks | England | 46 years | Dec 2020 | - | Director |
| Mr Peter Stone | 59 years | Dec 2020 | - | Director |
P&L
April 2024turnover
28.3m
+1%
operating profit
68.3m
0%
gross margin
74.9%
-9.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
360.5m
+0.06%
total assets
817m
+0.08%
cash
35.5m
+0.37%
net assets
Total assets minus all liabilities
trilogy logistics reit limited company details
company number
04330721
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
November 2001
age
24
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2024
previous names
threadneedle curtis limited (October 2024)
mag investment assets limited (August 2020)
See moreaccountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
cannon place 78 cannon street, london, EC4N 6AG
Bank
-
Legal Advisor
-
trilogy logistics reit limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 11 charges/mortgages relating to trilogy logistics reit limited. Currently there are 3 open charges and 8 have been satisfied in the past.
trilogy logistics reit limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for TRILOGY LOGISTICS REIT LIMITED. This can take several minutes, an email will notify you when this has completed.
trilogy logistics reit limited Companies House Filings - See Documents
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