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  4. Term Construction Limited

Term Construction Limited

ActiveTotal exemption (full) accountsBuildersLancing
Company number
08455382
Incorporated
21 Mar 201313 years trading
Registered office
ST James' Hall, Mill Road, Lancing, West Sussex, BN15 0PT
Nature of business
Construction of commercial buildings
Accounts due in
445 days
31 Dec 2027
Net assets
£12K▲
+297.0% on the year before
Cash at bank
£2,913▲
At 31 Mar 2026
Employees
1
Average during the year
From the Companies House register, 1 Oct 2026

Term Construction Limited is a 13-year-old private limited company registered in Lancing, company number 08455382, one of 42 building contractors in Lancing. Its next accounts are due at Companies House on 31 December 2027, and the CT600 for the period to 31 March 2027 is due at HMRC on 31 March 2028.

Key dates

Worked out from the year end and filing history on the Companies House register.

Accounts due
31 Dec 2027
in 445 days
For the period to 31 Mar 2027
CT600 due
31 Mar 2028
in 536 days
Period 1 Apr 2026 to 31 Mar 2027
Corporation tax payment
1 Jan 2028
in 446 days
9 months and 1 day after the period end
Confirmation statement
4 Apr 2027
in 174 days
Last made up to 21 Mar 2026

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Finances

From each year's balance sheet filed at Companies House. Small companies do not have to publish turnover or profit, so these are balance sheet figures.

  • Net assets up £19K (+297%) on the year before, to £12K.
  • Net assets rose in 4 of 9 year-on-year comparisons on record.
  • Current assets of £38K against £24K owed within a year: 1.6 times cover.
  • 1 employee on average during the year.
  • Balance sheets on record for 10 years, 2017 to 2026.

Net assets by year

Net assets at each year end, 2017 to 2026-£40K-£20K£031 March 2017: net assets -£10K-£10K201731 March 2018: net assets -£28K-£28K201831 March 2019: net assets -£36K-£36K201931 March 2020: net assets -£30K-£30K202031 March 2021: net assets -£46K-£46K202131 March 2022: net assets -£16K-£16K202231 March 2023: net assets -£24K-£24K202331 March 2024: net assets -£33K-£33K202431 March 2025: net assets -£6,230-£6,230202531 March 2026: net assets £12K£12K2026
Net assets at each year end, 2017 to 2026-£40K-£20K£031 March 2017: net assets -£10K-£10K'1731 March 2018: net assets -£28K-£28K'1831 March 2019: net assets -£36K-£36K'1931 March 2020: net assets -£30K-£30K'2031 March 2021: net assets -£46K-£46K'2131 March 2022: net assets -£16K-£16K'2231 March 2023: net assets -£24K-£24K'2331 March 2024: net assets -£33K-£33K'2431 March 2025: net assets -£6,230-£6,230'2531 March 2026: net assets £12K£12K'26
Year endNet assetsCashCurrent assetsOwed within a yearEmployees
31 Mar 2026£12K£2,913£38K£24K1
31 Mar 2025-£6,230£1,550£79K£83K1
31 Mar 2024-£33K£20K£40K£64K1
31 Mar 2023-£24K£20K£40K£59K1
31 Mar 2022-£16K£21K£41K£57K1
31 Mar 2021-£46K£19K£37K1
31 Mar 2020-£30K£2,682£33K1
31 Mar 2019-£36K£655£37K1
31 Mar 2018-£28K£12K£12K£41K1
31 Mar 2017-£10K£3,787£13K£24K1

Where Term Construction Limited is registered

Term Construction Limited's registered office on a map of the UK

The registered office is in Lancing (BN15), in the Adur local authority area, South East. Show BN15 0PT on a map.

Other trade companies in BN15

Shared registered office

41 companies on our pages use this registered office address. An address shared this widely is usually an accountant's office or a company formation agent's service address, not where the business trades from.

What happens if Term Construction Limited files late

Companies House charges an automatic penalty the day after the deadline, and it rises the longer the accounts are late. These are the dates for this company's accounts due on 31 December 2027.

Companies HouseAccounts deliveredPenalty
Up to 1 month late1 Jan 2028 to 31 Jan 2028£150
1 to 3 months late1 Feb 2028 to 31 Mar 2028£375
3 to 6 months late1 Apr 2028 to 30 Jun 2028£750
More than 6 months lateFrom 1 Jul 2028£1,500

Penalties double if the accounts were also late the year before.

HMRC (CT600)FromPenalty
1 day late1 Apr 2028£200
3 months late30 Jun 2028another £200
6 months late30 Sep 2028HMRC estimates the tax and adds 10% of the unpaid tax
12 months late31 Mar 2029another 10% of any unpaid tax

For returns filed on or after 1 April 2026. Late three times in a row and the £200 penalties become £1,000 each.

Company details

As held on the Companies House register.

Company number
08455382
Status
Active
Company type
Private limited company
Incorporated
21 March 2013 (13 years ago)
Registered office
ST James' Hall, Mill Road, Lancing, West Sussex, BN15 0PT
Nature of business
Construction of commercial buildings (SIC 41201)
Year end
31 March (accounting reference date)
Accounts type
Total exemption (full)
Last accounts made up to
31 March 2026
Last confirmation statement
21 March 2026

Filing notes for building contractors

Building companies often run the Construction Industry Scheme as a contractor, a subcontractor or both. CIS deductions suffered during the year are set against the PAYE bill, and any unrecovered balance at the year end matters when the accounts are drawn up.

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Frequently asked questions

When are Term Construction Limited's accounts due?

Term Construction Limited's next accounts are due at Companies House by 31 December 2027 (in 445 days), covering the period to 31 March 2027.

When is Term Construction Limited's CT600 due?

The CT600 for the period to 31 March 2027 is due at HMRC by 31 March 2028, 12 months after the period end. The corporation tax itself is payable earlier, by 1 January 2028.

Is Term Construction Limited still trading?

Term Construction Limited is listed as active on the Companies House register as of 1 Oct 2026. Active means it has not been dissolved or entered insolvency; it does not show whether it is currently taking on work.

What does Term Construction Limited do?

Term Construction Limited is registered under Construction of commercial buildings (SIC 41201).

How old is Term Construction Limited?

Term Construction Limited was incorporated on 21 March 2013, 13 years ago.

What is the penalty if Term Construction Limited files its accounts late?

Companies House charges £150 if the accounts are up to 1 month late, £375 up to 3 months, £750 up to 6 months and £1,500 after that, doubled if the previous year's accounts were also late. HMRC charges £200 for a CT600 filed a day late and another £200 at 3 months.

Official records

View Term Construction Limited on Companies House for filed documents, officers and the full history.

Report an error on this page

Based on the Companies House register (snapshot 1 Oct 2026). Deadlines are worked out from the register and assume a standard accounting period; a change of year end or a short period moves them. This page is general information, not tax or accountancy advice.

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