Town Centre Securities PLC (TOWN) - Net Assets
Based on the latest financial reports, Town Centre Securities PLC (TOWN) has net assets worth GBX112.30 Million GBX (≈ $13.66K USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX281.43 Million ≈ $34.24K USD) and total liabilities (GBX169.13 Million ≈ $20.58K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Town Centre Securities PLC (TOWN) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX112.30 Million |
| % of Total Assets | 39.9% |
| Annual Growth Rate | 1.16% |
| 5-Year Change | -27.73% |
| 10-Year Change | -40.85% |
| Growth Volatility | 16.05 |
Town Centre Securities PLC - Net Assets Trend (1986–2025)
This chart illustrates how Town Centre Securities PLC's net assets have evolved over time, based on quarterly financial data. Also explore TOWN current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Town Centre Securities PLC (1986–2025)
The table below shows the annual net assets of Town Centre Securities PLC from 1986 to 2025. For live valuation and market cap data, see market cap of Town Centre Securities PLC.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | GBX112.30 Million ≈ $13.66K |
-6.13% |
| 2024-06-30 | GBX119.64 Million ≈ $14.56K |
-15.20% |
| 2023-06-30 | GBX141.09 Million ≈ $17.17K |
-21.31% |
| 2022-06-30 | GBX179.30 Million ≈ $21.82K |
+15.39% |
| 2021-06-30 | GBX155.40 Million ≈ $18.91K |
+0.20% |
| 2020-06-30 | GBX155.08 Million ≈ $18.87K |
-17.62% |
| 2019-06-30 | GBX188.25 Million ≈ $22.90K |
-7.78% |
| 2018-06-30 | GBX204.12 Million ≈ $24.84K |
+6.83% |
| 2017-06-30 | GBX191.08 Million ≈ $23.25K |
+0.64% |
| 2016-06-30 | GBX189.86 Million ≈ $23.10K |
+3.82% |
| 2015-06-30 | GBX182.88 Million ≈ $22.25K |
+11.60% |
| 2014-06-30 | GBX163.87 Million ≈ $19.94K |
+15.48% |
| 2013-06-30 | GBX141.90 Million ≈ $17.27K |
-1.22% |
| 2012-06-30 | GBX143.66 Million ≈ $17.48K |
-6.04% |
| 2011-06-30 | GBX152.90 Million ≈ $18.60K |
+6.99% |
| 2010-06-30 | GBX142.91 Million ≈ $17.39K |
+33.31% |
| 2009-06-30 | GBX107.20 Million ≈ $13.04K |
-51.93% |
| 2008-06-30 | GBX223.01 Million ≈ $27.13K |
-8.71% |
| 2007-06-30 | GBX244.29 Million ≈ $29.72K |
-9.16% |
| 2006-06-30 | GBX268.92 Million ≈ $32.72K |
+30.97% |
| 2005-06-30 | GBX205.32 Million ≈ $24.98K |
+0.81% |
| 2004-06-30 | GBX203.67 Million ≈ $24.78K |
+19.52% |
| 2003-06-30 | GBX170.41 Million ≈ $20.73K |
+5.85% |
| 2002-06-30 | GBX160.99 Million ≈ $19.59K |
+5.02% |
| 2001-06-30 | GBX153.29 Million ≈ $18.65K |
-11.43% |
| 2000-06-30 | GBX173.06 Million ≈ $21.06K |
-4.47% |
| 1999-06-30 | GBX181.17 Million ≈ $22.04K |
+3.05% |
| 1998-06-30 | GBX175.81 Million ≈ $21.39K |
+1.36% |
| 1997-06-30 | GBX173.45 Million ≈ $21.10K |
+10.65% |
| 1996-06-30 | GBX156.76 Million ≈ $19.07K |
0.00% |
| 1995-06-30 | GBX156.76 Million ≈ $19.07K |
+1.09% |
| 1994-06-30 | GBX155.08 Million ≈ $18.87K |
+21.69% |
| 1993-06-30 | GBX127.44 Million ≈ $15.51K |
+4.71% |
| 1992-06-30 | GBX121.70 Million ≈ $14.81K |
-0.03% |
| 1991-06-30 | GBX121.75 Million ≈ $14.81K |
-11.00% |
| 1990-06-30 | GBX136.80 Million ≈ $16.64K |
-5.05% |
| 1989-06-30 | GBX144.07 Million ≈ $17.53K |
+22.70% |
| 1988-06-30 | GBX117.42 Million ≈ $14.29K |
+34.42% |
| 1987-06-30 | GBX87.35 Million ≈ $10.63K |
+21.83% |
| 1986-06-30 | GBX71.70 Million ≈ $8.72K |
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Equity Component Analysis
This analysis shows how different components contribute to Town Centre Securities PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2020.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX94.00 Million | 83.71% |
| Common Stock | GBX10.54 Million | 9.39% |
| Other Comprehensive Income | GBX7.56 Million | 6.73% |
| Other Components | GBX200.00K | 0.18% |
| Total Equity | GBX112.30 Million | 100.00% |
Town Centre Securities PLC Competitors by Market Cap
The table below lists competitors of Town Centre Securities PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ORUM
KQ:475830
|
$596.52K |
|
International Parkside Products Inc
V:IPD
|
$597.08K |
|
Ariana Resources plc
LSE:AAU
|
$597.88K |
|
Gulf Resources Inc
F:R29B
|
$597.98K |
|
Universal Partners Ltd
JSE:UPL
|
$591.34K |
|
Naked Wines plc
LSE:WINE
|
$588.97K |
|
Hitech & Development Wireless Sweden Holding AB (publ)
ST:HDW-B
|
$588.92K |
|
Lakshmi Precision Screws Limited
NSE:LAKPRE
|
$586.92K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Town Centre Securities PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 119,637,000 to 112,302,000, a change of -7,335,000 (-6.1%).
- Net loss of 3,446,000 reduced equity.
- Dividend payments of 1,054,000 reduced retained earnings.
- Other comprehensive income increased equity by 64,000.
- Other factors decreased equity by 2,899,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-3.45 Million | -3.07% |
| Dividends Paid | GBX1.05 Million | -0.94% |
| Other Comprehensive Income | GBX64.00K | +0.06% |
| Other Changes | GBX-2.90 Million | -2.58% |
| Total Change | GBX- | -6.13% |
Book Value vs Market Value Analysis
This analysis compares Town Centre Securities PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 43.74x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 184.63x to 43.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-06-30 | GBX0.63 | GBX116.50 | x |
| 1987-06-30 | GBX0.76 | GBX116.50 | x |
| 1988-06-30 | GBX1.02 | GBX116.50 | x |
| 1989-06-30 | GBX1.24 | GBX116.50 | x |
| 1990-06-30 | GBX1.15 | GBX116.50 | x |
| 1991-06-30 | GBX1.01 | GBX116.50 | x |
| 1992-06-30 | GBX0.99 | GBX116.50 | x |
| 1993-06-30 | GBX1.01 | GBX116.50 | x |
| 1994-06-30 | GBX1.21 | GBX116.50 | x |
| 1995-06-30 | GBX1.22 | GBX116.50 | x |
| 1996-06-30 | GBX1.21 | GBX116.50 | x |
| 1997-06-30 | GBX1.34 | GBX116.50 | x |
| 1998-06-30 | GBX1.35 | GBX116.50 | x |
| 1999-06-30 | GBX1.48 | GBX116.50 | x |
| 2000-06-30 | GBX1.56 | GBX116.50 | x |
| 2001-06-30 | GBX1.79 | GBX116.50 | x |
| 2002-06-30 | GBX2.19 | GBX116.50 | x |
| 2003-06-30 | GBX2.58 | GBX116.50 | x |
| 2004-06-30 | GBX3.36 | GBX116.50 | x |
| 2005-06-30 | GBX3.57 | GBX116.50 | x |
| 2006-06-30 | GBX4.80 | GBX116.50 | x |
| 2007-06-30 | GBX4.44 | GBX116.50 | x |
| 2008-06-30 | GBX4.17 | GBX116.50 | x |
| 2009-06-30 | GBX2.02 | GBX116.50 | x |
| 2010-06-30 | GBX2.69 | GBX116.50 | x |
| 2011-06-30 | GBX2.88 | GBX116.50 | x |
| 2012-06-30 | GBX2.71 | GBX116.50 | x |
| 2013-06-30 | GBX2.68 | GBX116.50 | x |
| 2014-06-30 | GBX3.08 | GBX116.50 | x |
| 2015-06-30 | GBX3.44 | GBX116.50 | x |
| 2016-06-30 | GBX3.57 | GBX116.50 | x |
| 2017-06-30 | GBX3.59 | GBX116.50 | x |
| 2018-06-30 | GBX3.84 | GBX116.50 | x |
| 2019-06-30 | GBX3.55 | GBX116.50 | x |
| 2020-06-30 | GBX2.92 | GBX116.50 | x |
| 2021-06-30 | GBX2.93 | GBX116.50 | x |
| 2022-06-30 | GBX3.40 | GBX116.50 | x |
| 2023-06-30 | GBX2.88 | GBX116.50 | x |
| 2024-06-30 | GBX2.67 | GBX116.50 | x |
| 2025-06-30 | GBX2.66 | GBX116.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Town Centre Securities PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.99%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.51x
- Recent ROE (-3.07%) is below the historical average (1.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 2.70% | 20.71% | 0.09x | 1.45x | GBX-5.22 Million |
| 1987 | 2.60% | 24.35% | 0.07x | 1.46x | GBX-6.44 Million |
| 1988 | 2.39% | 22.49% | 0.07x | 1.45x | GBX-8.91 Million |
| 1989 | 2.36% | 17.30% | 0.09x | 1.44x | GBX-10.97 Million |
| 1990 | 2.82% | 27.34% | 0.07x | 1.49x | GBX-9.78 Million |
| 1991 | 3.62% | 28.15% | 0.08x | 1.56x | GBX-7.73 Million |
| 1992 | 4.15% | 29.83% | 0.09x | 1.56x | GBX-7.08 Million |
| 1993 | 4.47% | 31.32% | 0.09x | 1.62x | GBX-7.05 Million |
| 1994 | 4.46% | 34.58% | 0.08x | 1.59x | GBX-8.59 Million |
| 1995 | 5.24% | 37.42% | 0.08x | 1.68x | GBX-7.46 Million |
| 1996 | 4.89% | 31.71% | 0.09x | 1.81x | GBX-8.01 Million |
| 1997 | 6.31% | 39.68% | 0.09x | 1.79x | GBX-6.41 Million |
| 1998 | 3.35% | 20.09% | 0.09x | 1.81x | GBX-11.68 Million |
| 1999 | 5.94% | 34.60% | 0.09x | 1.86x | GBX-7.35 Million |
| 2000 | 5.52% | 26.55% | 0.11x | 1.89x | GBX-7.74 Million |
| 2001 | 9.63% | 38.86% | 0.13x | 1.92x | GBX-566.20K |
| 2002 | 5.26% | 35.38% | 0.07x | 1.99x | GBX-7.63 Million |
| 2003 | 3.80% | 26.33% | 0.07x | 1.93x | GBX-10.57 Million |
| 2004 | 2.38% | 19.90% | 0.07x | 1.75x | GBX-15.51 Million |
| 2005 | 19.26% | 164.87% | 0.06x | 1.98x | GBX19.02 Million |
| 2006 | 25.79% | 299.63% | 0.04x | 1.95x | GBX42.45 Million |
| 2007 | 0.22% | 2.14% | 0.05x | 2.19x | GBX-23.88 Million |
| 2008 | -5.04% | -42.57% | 0.06x | 2.07x | GBX-33.53 Million |
| 2009 | -104.07% | -408.87% | 0.09x | 2.91x | GBX-122.28 Million |
| 2010 | 27.69% | 172.40% | 0.08x | 2.10x | GBX25.28 Million |
| 2011 | 10.00% | 68.05% | 0.07x | 2.01x | GBX5.50K |
| 2012 | -2.90% | -18.94% | 0.07x | 2.10x | GBX-18.53 Million |
| 2013 | 2.51% | 15.86% | 0.07x | 2.21x | GBX-10.63 Million |
| 2014 | 16.74% | 121.21% | 0.07x | 2.06x | GBX11.05 Million |
| 2015 | 13.13% | 105.67% | 0.06x | 2.05x | GBX5.72 Million |
| 2016 | 6.28% | 45.39% | 0.07x | 2.04x | GBX-7.06 Million |
| 2017 | 3.52% | 24.42% | 0.07x | 2.06x | GBX-12.38 Million |
| 2018 | 9.00% | 60.89% | 0.07x | 2.16x | GBX-2.04 Million |
| 2019 | -6.62% | -39.69% | 0.08x | 2.15x | GBX-31.29 Million |
| 2020 | -15.56% | -75.44% | 0.08x | 2.55x | GBX-39.63 Million |
| 2021 | -0.37% | -2.69% | 0.06x | 2.34x | GBX-16.12 Million |
| 2022 | 6.14% | 37.05% | 0.08x | 2.09x | GBX-6.92 Million |
| 2023 | -20.90% | -94.51% | 0.10x | 2.17x | GBX-43.60 Million |
| 2024 | -6.70% | -25.06% | 0.11x | 2.44x | GBX-19.97 Million |
| 2025 | -3.07% | -9.99% | 0.12x | 2.51x | GBX-14.68 Million |
Industry Comparison
This section compares Town Centre Securities PLC's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $927,403,474
- Average return on equity (ROE) among peers: 1.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Town Centre Securities PLC (TOWN) | GBX112.30 Million | 2.70% | 1.51x | $595.40K |
| AEW UK REIT Plc (AEWU) | $147.86 Million | 2.47% | 0.38x | $1.99 Million |
| Alternative Income REIT PLC (AIRE) | $76.42 Million | -1.17% | 0.42x | $700.31K |
| abrdn Property Income Trust Ltd. (API) | $87.26 Million | 4.79% | 1.08x | $108.54K |
| British Land Company PLC (BLND) | $741.70 Million | 3.55% | 1.62x | $46.89 Million |
| Custodian REIT PLC (CREI) | $351.88 Million | 6.88% | 0.22x | $5.09 Million |
| Ground Rents Income Fund PLC (GRIO) | $86.20 Million | -1.30% | 0.28x | $197.88K |
| Land Securities Group PLC (LAND) | $7.16 Billion | 7.31% | 0.51x | $53.43 Million |
| Palace Capital PLC (PCA) | $128.47 Million | -27.79% | 0.57x | $416.49K |
| Picton Property Income Ltd (PCTN) | $369.97 Million | 18.61% | 0.68x | $4.85 Million |
| Real Estate Investors PLC (RLE) | $128.67 Million | 6.44% | 0.85x | $659.49K |
About Town Centre Securities PLC
Town Centre Securities PLC is a property investment and car parking operator with assets of £280m. With more than 60 years' experience, a commitment to sustainable development and a reputation for quality and innovation, TCS create mixed use developments close to transport hubs in major cities across the UK. Town Centre Securities PLC is based in Leeds, England.