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Peel Group

Profile reviewed

Peel is a private, family-controlled investor in UK property, regeneration, transport and infrastructure. Its businesses include Peel Land, Waters, Retail & Leisure and NRE, with separate joint ventures and minority investments. Peel holds 37.6% of Peel Ports and gained majority control of Harworth through its September 2026 offer. [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30]

01 / Behind the name

Who owns Peel Group?

Private · family / trust control with separately scoped investments [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30]

  1. 01
    Commercial investment enterprise; its portfolio is not a single legal company or uniform ownership percentage

    Peel Group [1][2]

    As reported · 13 Oct 2026
  2. 02
    Website operator · company 10784455 · renamed from Peel L&P Group Management Limited on 13 April 2026

    Peel Group Management (UK) Limited [1][3]

    As reported · 13 Oct 2026
  3. 03
    Immediate parent of the website operator in its 31 March 2025 accounts · incorporated in the Isle of Man

    Peel L&P Group Limited [4]

    As reported · 31 Mar 2025
  4. 04
    Ultimate parent named in the operator's 2025 accounts and the Land reporting group's 2026 accounts · incorporated in the Isle of Man

    Tokenhouse Limited [4][9]

    As reported · 31 Mar 2026
  5. 05
    Ultimate controlling trust of Tokenhouse; current Harworth notification identifies Christopher Eves and Sheila Greenwood as trustees

    Billown 1997 Settlement [4][9][6]

    As reported · 9 Oct 2026

Registered significant control

  • John Whittaker [5]Ownership of shares – 75% or more with control over the trustees of a trust; Ownership of voting rights – 75% or more with control over the trustees of a trust; Right to appoint or remove directors with control over the trustees of a trustAs reported · 13 Oct 2026
  • Christopher Eves [5]Ownership of shares – 75% or more; Ownership of voting rights – 75% or more; Right to appoint or remove directorsAs reported · 13 Oct 2026
  • Sheila Greenwood [5]Ownership of shares – 75% or more; Ownership of voting rights – 75% or more; Right to appoint or remove directorsAs reported · 13 Oct 2026

The commercial Peel Group is distinguished here from its website operator and individual investment vehicles. The operator's 2025 accounts name Isle of Man-incorporated Tokenhouse Limited as ultimate parent, controlled by the Billown 1997 Settlement, with Peel L&P Group Limited as immediate parent. The 2026 Land accounts retain the Tokenhouse/Billown chain through their separate immediate parent, Peel Land Group Limited. Current operator PSC disclosures for John Whittaker, Christopher Eves and Sheila Greenwood overlap: the 75%-or-more shares/votes bands and trustee-control rights are not three personal equity stakes to add together. The 2025 strategic report describes businesses operating separately from the collective Peel L&P brand while retaining the same ultimate ownership. Peel Group Limited 03387733 is a dormant namesake, not the commercial enterprise's operating or ultimate-parent entity. Olayan involvement is historically established, but its current whole-group percentage has not been verified; the 2013 73.19% Billown / 26.81% Olayan disclosure is historical and no current 75:25 or 50.1:49.9 whole-group split is assumed. Minority investments, joint ventures, property ownership and operating contracts have different scopes. Venus Building in Manchester is the operator's registered address; that alone does not establish a headquarters or tax residence for the whole group or its Isle of Man parents. FTSE Russell's 15 October 2026 notice reports a Peel shareholding in excess of 75% and schedules Harworth's FTSE 250 removal for 20 October. This index change is distinct from stock-exchange delisting; exact current settled ownership, acquisition of 100% and completed listing cancellation remain unverified. [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31]

Explore Peel Group investments

Explore Tokenhouse Limited · controlled by Billown 1997 Settlement

Owner & brand overview

02 / On the map

Where is it based?

Disclosed ultimate parent / trust-control chain
Tokenhouse Limited · controlled by Billown 1997 Settlement [4][6][9]
Group headquarters
Not yet verified [1]
Parent incorporated in
England and Wales · website operator 10784455; Tokenhouse and named Peel holding parents incorporated in the Isle of Man [1][4][9]

Headquarters, incorporation and tax residence describe different things. A headquarters address does not tell you where all of a company’s tax is paid.

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Investors in Peel Group

Investor disclosures found

Selected investor disclosures have been found. Each names the held entity, basis and date; the complete investor register remains outside this review. A stake in a parent or operating company is shown against that entity. Dates refer to each disclosure and can differ from the profile review date. Evidence links are included with each record.

Disclosed backing

Tokenhouse Limited

Held entity · Reviewed Peel UK entities · ultimate-parent reporting chain

Disclosed ultimate parent · exact economic split not verified

Ownership evidence checked ·

Operator 2025 and Land 2026 reporting chains identify Isle of Man Tokenhouse and control through Billown 1997 Settlement. This is not a complete beneficial-owner register or a current whole-group Olayan percentage.

Evidence · 31 sources

Explore investor coverage

Explore the portfolio

Brands in the Peel Group portfolio

Selected current Peel businesses and investments, with each relationship qualified. These are not all wholly owned brands or an exhaustive legal group. Property projects, tenants, joint ventures, minority investments and operating contracts remain distinct; completed disposals appear only in the change notes below.

Brand research reviewed . Ownership and tax figures elsewhere on this page describe the group, not individual brands.

Showing 12 of 12 brands and ranges

  • Peel Land

    Property & regeneration

    Current strategic land division. UK reporting company 16236060 has Isle of Man immediate parent Peel Land Group Limited; reconstruction of the division is documented in the 2026 accounts. [9]

    Markets & sources (1)

    Also listed or searchable as: Peel Land Group UK Limited, 16236060

    • UK · business, service or destination scope [9]

  • Peel Waters

    Property & regeneration

    Current waterfront regeneration business. Developer/project association does not establish ownership of every tenant, building or joint-venture asset. [10]

    Markets & sources (1)

    Also listed or searchable as: Peel Waters Group UK Limited

    • UK · business, service or destination scope [10]

  • Peel Retail & Leisure

    Property & regeneration

    Current retail and leisure property business, including Trafford Palazzo. Its destinations and their tenants have separate ownership scopes. [11]

    Markets & sources (1)

    Also listed or searchable as: Peel Retail and Leisure, Peel Retail and Leisure Group UK Limited

    • UK · business, service or destination scope [11]

  • Peel NRE

    Energy & utilities

    The 31 March 2026 Land reporting group lists Peel NRE Limited as an indirectly wholly owned subsidiary. This does not make every plant, occupier or energy joint venture wholly Peel-owned. [9]

    Markets & sources (1)

    Also listed or searchable as: Peel Natural Resources and Energy, Peel NRE Limited, 04480419

    • UK · business, service or destination scope [9]

  • Northstone

    Property & regeneration

    Housebuilding business listed as a current Peel investment; exact current equity percentage is not independently established in this review. [2]

    Markets & sources (1)

    Also listed or searchable as: Northstone Homes

    • UK · business, service or destination scope [2]

  • PLP

    Property & regeneration

    Peel participates in the logistics platform and separate property ventures alongside other investors. Exact platform/venture stakes and the post-restructuring holding-vehicle allocation remain unverified. [12]

    Markets & sources (1)

    Also listed or searchable as: Peel Logistics Property

    • UK · business, service or destination scope [12]

  • Harworth

    Property & regeneration

    Peel-controlled following the unconditional offer through Peel Pepper (UK) Limited on 29 September 2026. Held shares, accepted shares and agreed unsettled purchases have different dated percentages; this is not a claim of completed 100% ownership or delisting. FTSE Russell's 15 October 2026 notice reports a Peel shareholding in excess of 75% and schedules Harworth's FTSE 250 removal for 20 October. This index change is distinct from stock-exchange delisting; exact current settled ownership, acquisition of 100% and completed listing cancellation remain unverified. [14][31]

    Markets & sources (1)

    Also listed or searchable as: Harworth Group, Harworth Group plc

    • UK · business, service or destination scope [14]

  • Peel Ports

    Transport & infrastructure

    Peel has a 37.6% minority interest; AustralianSuper holds 32.4% and the APG/GIP-owned Lemon 2021 Limited vehicle holds 30%. Port operations, concessions and underlying land have separate scopes. [13]

    Markets & sources (1)

    Also listed or searchable as: Peel Ports Group

    • UK · business, service or destination scope [13]

  • Barton Aerodrome

    Transport & infrastructure

    Current airport/heliport business managed by City Airport Limited 05241149. Its register gives Peel Investments (PHA) Limited shares/votes control of 75% or more; exact 100% is not established. [16][17]

    Markets & sources (1)

    Also listed or searchable as: City Airport, City Airport Limited, Manchester Heliport

    • UK · business, service or destination scope [16]

  • Bridgewater Canal

    Transport & infrastructure

    Current Peel-related canal owner/operator. This is distinct from the Manchester Ship Canal and its Peel Ports investment scope. [18]

    Markets & sources (1)

    Also listed or searchable as: The Bridgewater Canal Company Limited

    • UK · business, service or destination scope [18]

  • Leep Utilities

    Energy & utilities

    Continuing Ancala/Peel utility-network joint venture. The exact current economic split remains unverified; the original 50:50 description does not establish today's shares. [20]

    Markets & sources (1)
    • UK · business, service or destination scope [20]

  • Evyve

    Energy & utilities

    EV-charging joint venture involving Peel NRE and EVY Infrastructure Partners. The exact current split, holding company and customer-contracting entity are separate questions. [21]

    Markets & sources (1)

    Also listed or searchable as: Evyve EV charging

    • UK · business, service or destination scope [21]
Recent portfolio changes

Liverpool John Lennon Airport: Ancala's October 2025 completed-deal release confirms acquisition of Peel's entire 47.1% interest, taking Ancala to 94.2%; Liverpool City Council retains 5.8%. The exact legal closing day is not separately established. [22]

MediaCity: Landsec completed acquisition of Peel's residual 25% interest and related wholly owned studio/hotel operations and management rights on 30 October 2024. Historical Peel development involvement is not current equity ownership. [24]

APCL: Balaena acquired the operating group, including A&P, Cammell Laird and Neway, on 10 June 2026. Peel's portfolio gallery still lists APCL, but the completed acquisition supersedes that listing; transfer of every shipyard freehold has not been established. [23][2]

Trafford Centre: CPP Investments acquired ownership through CPPIB Credit following enforcement in December 2020. The centre is separate from the current Peel-related Trafford Palazzo destination and the wider TraffordCity place brand. [26][11]

Peel Cubico Renewables: Cubico's 14 January 2024 announcement confirms acquisition of Peel NRE's entire 50% joint-venture interest. The historical Peel name does not establish a retained Peel equity stake. [25]

Ardrossan Harbour: CMAL acquired harbour assets from Peel Ports on behalf of the Scottish Government on 18 March 2026. The asset transfer is distinct from ownership of shares in the old harbour company. [27]

Teesside International Airport: returned to public ownership in 2019; Peel Investments (DTVA) Limited ceased as registered controller on 15 February 2019. The exact current public-sector capital split is not reconciled here. [28][29]

Harworth: the offer became unconditional on 29 September 2026. At 1pm on 1 October, the 2 October announcement reported 66.47% held by BidCo/concert parties, 67.39% including valid acceptances and 69.72% including further agreed unsettled purchases. These separate bases do not establish the current settled percentage or 100% ownership. [14][15]

FTSE Russell's 15 October 2026 notice reports a Peel shareholding in excess of 75% and schedules Harworth's FTSE 250 removal for 20 October. This index change is distinct from stock-exchange delisting; exact current settled ownership, acquisition of 100% and completed listing cancellation remain unverified. [31]

03 / The figures, with context

What does it report in UK tax?

Peel Group-wide UK cash corporation tax remains unverified. The website operator's standalone 2025 accounts report a £338,900 current-tax charge including group relief; this differs from its £282,860 total accounting tax charge and does not establish cash paid to HMRC. Holding-company incorporation or a policy statement does not establish a tax-payment amount.

United KingdomNot yet verified

UK corporation tax paid

Not yet verifiedCash payment

Peel Group · whole-group UK cash reporting scope not reconciled
Annual reporting period not yet verified

A dated whole-group UK cash corporation-tax payment has not been established. The operator's 2025 cash-flow statement and note 19 do not separately disclose cash corporation tax; the Group Tax Strategy is policy only. Accounting charges and payments for group relief do not establish the commercial group's cash paid to HMRC. This gap does not mean no tax was paid. [4][30]

United KingdomYear ended 31 March 2025

Website operator: UK current corporation-tax charge

£338.9kAccounting charge · not cash paid

Peel L&P Group Management Limited · company 10784455, now Peel Group Management (UK) Limited
Period ending 31 Mar 2025

Standalone operator accounts, note 9 printed p27: £352,386 group tax relief less a £13,486 prior-period adjustment gives £338,900 current tax. This is an accounting charge, not cash corporation tax paid to HMRC or a whole-group amount. A separate deferred-tax credit of £56,040 reduces the total accounting tax charge to £282,860. [4][3]

These figures have different scopes. They should not be added together or used as a like-for-like tax ranking.

Understand the measures

04 / Check our working

The public record.

Primary sources used in this profile. Company disclosures are attributed to the company; inclusion is not an independent audit.

  1. 01
    Peel Group: commercial enterprise and website operator (opens in a new tab)

    Peel Group · Current description as a family-owned investment enterprise; footer identifies website operator 10784455 and its England and Wales registration

    Accessed 13 Oct 2026
  2. 02
    Peel Group investment directory (opens in a new tab)

    Peel Group · Current real estate and infrastructure investments; portfolio listings are cross-checked against completed disposals rather than treated as a complete ownership register

    Accessed 13 Oct 2026
  3. 03
    Peel Group Management (UK) Limited filing history (opens in a new tab)

    Companies House · Company 10784455; certificate dated 13 April 2026 changes the name from Peel L&P Group Management Limited; latest reviewed accounts are for 31 March 2025

    Accessed 13 Oct 2026
  4. 04
    Peel L&P Group Management Limited annual accounts 2025 (opens in a new tab)

    Companies House · Peel L&P Group Management Limited · Year ended 31 March 2025, filed 3 December 2025: strategic report p5/PDF p8 explains separate business units with unchanged ultimate ownership; note 20 p33/PDF p36 identifies Tokenhouse, Billown and immediate parent; note 9 p27, cash-flow p19 and note 19 p32 distinguish accounting charges from cash tax

    Accessed 13 Oct 2026
  5. 05
    Peel Group Management (UK) Limited registered significant control (opens in a new tab)

    Companies House · Three active controllers: John Whittaker with control over trustees, Christopher Eves and Sheila Greenwood; overlapping shares/votes bands of 75% or more and director appointment rights

    Accessed 13 Oct 2026
  6. 06
    Harworth major-holdings notification: Peel trustee and holding chain (opens in a new tab)

    Harworth Group plc · Regulatory News Service · 9 October 2026 TR-1, section 9: Eves and Greenwood as trustees controlling Tokenhouse; chain through Tokenhouse Investments (IOM), Peel Holdings Group and Peel Holdings (IOM). This is not an internal Peel cap table

    Accessed 13 Oct 2026
  7. 07
    Peel Group Limited: dormant namesake (opens in a new tab)

    Companies House · Company 03387733: SIC 99999 Dormant Company; formerly Peel Airports Leasing Limited; distinct from the website operator and commercial group

    Accessed 13 Oct 2026
  8. 08
    Historical Peel Group ownership disclosure (opens in a new tab)

    Coalfield Resources plc · Regulatory News Service · 7 August 2013 rights-issue announcement, section 5: Billown Trust 73.19%, Olayan Investments Company Establishment 26.81%; family discretionary beneficiaries. Historical figures, not a verified current split

    Accessed 13 Oct 2026
  9. 09
    Peel Land Group UK Limited annual accounts 2026 (opens in a new tab)

    Companies House · Peel Land Group UK Limited · Year ended 31 March 2026, filed 18 September 2026: pp3 and 27 Land division reconstruction and support chain; note 12 p46 lists Peel NRE as indirectly wholly owned; note 28 p56 names Isle of Man immediate parent Peel Land Group Limited and ultimate Tokenhouse/Billown

    Accessed 13 Oct 2026
  10. 10
    Peel Waters current regeneration portfolio (opens in a new tab)

    Peel Waters · Current waterfront regeneration business and project/development portfolio; association with a project is separate from title to every building and ownership of tenants

    Accessed 13 Oct 2026
  11. 11
    Peel Retail & Leisure current portfolio (opens in a new tab)

    Peel Retail & Leisure · Current property/destination portfolio; includes Trafford Palazzo, which is separate from the Trafford Centre

    Accessed 13 Oct 2026
  12. 12
    PLP investment relationships (opens in a new tab)

    PLP · Logistics platform and capital partnerships; Peel involvement is separate from exact property-venture ownership and title to individual warehouses

    Accessed 13 Oct 2026
  13. 13
    Peel Ports capital and shareholder structure (opens in a new tab)

    Peel Ports Group · Capital & Funding Structure: Peel 37.6%, AustralianSuper 32.4%, Lemon 2021 Limited 30%; Lemon is jointly owned by APG and Global Infrastructure Partners

    Accessed 13 Oct 2026
  14. 14
    Peel offer for Harworth becomes unconditional (opens in a new tab)

    Harworth Group plc · 29 September 2026, pp1–2: recommended cash offer through Peel Pepper (UK) Limited becomes unconditional; majority control does not establish completed acquisition of every remaining share

    Accessed 13 Oct 2026
  15. 15
    Harworth offer: held shares, acceptances and unsettled purchases (opens in a new tab)

    Harworth Group plc · 2 October 2026, pp2–4, positions at 1pm on 1 October: 66.47% held by BidCo/concert parties, 67.39% including valid acceptances and 69.72% including further agreed unsettled purchases; separate bases

    Accessed 13 Oct 2026
  16. 16
    Barton Aerodrome: airport and operating business (opens in a new tab)

    Barton Aerodrome · Current airport history and management description; City Airport Limited operates Barton Aerodrome and Manchester Heliport

    Accessed 13 Oct 2026
  17. 17
    City Airport Limited registered significant control (opens in a new tab)

    Companies House · Company 05241149: Peel Investments (PHA) Limited has at least 75% shares and votes; the statutory band does not establish exact 100% equity

    Accessed 13 Oct 2026
  18. 18
    Bridgewater Canal owner and operator (opens in a new tab)

    The Bridgewater Canal Company Limited · Current ownership/operating description; Bridgewater Canal is distinct from the Manchester Ship Canal

    Accessed 13 Oct 2026
  19. 19
    Bridgewater Canal Company registered significant control (opens in a new tab)

    Companies House · Company 06805592: active Peel-related Whittaker/trustee, Eves and Greenwood control disclosures notified 15 April 2025; overlapping bands are not additive personal stakes

    Accessed 13 Oct 2026
  20. 20
    Leep Utilities current joint-venture ownership description (opens in a new tab)

    Leep Utilities · Current description of Ancala and Peel joint-venture involvement; does not establish the exact current economic split

    Accessed 13 Oct 2026
  21. 21
    Evyve joint-venture business (opens in a new tab)

    Evyve · EV-charging joint venture involving Peel NRE and EVY Infrastructure Partners; exact current split not established by this description

    Accessed 13 Oct 2026
  22. 22
    Ancala acquires Peel's Liverpool John Lennon Airport interest (opens in a new tab)

    Ancala · Completed-deal release, dated 20 October 2025 in Ancala's news archive: acquires Peel's entire 47.1% interest; Ancala reaches 94.2% and Liverpool City Council retains 5.8%; exact closing day not separately established

    Accessed 13 Oct 2026
  23. 23
    Balaena acquires the APCL Group (opens in a new tab)

    Balaena · 10 June 2026 completed acquisition of APCL operating group including A&P, Cammell Laird and Neway; this does not establish transfer of every shipyard freehold

    Accessed 13 Oct 2026
  24. 24
    Landsec annual report 2025: MediaCity acquisition (opens in a new tab)

    Land Securities Group plc · Note 43, printed p150: completed 30 October 2024; residual 25% MediaCity interest and related wholly owned entities including studio/hotel operations and management rights acquired from Peel

    Accessed 13 Oct 2026
  25. 25
    Cubico takes full ownership of Peel Cubico Renewables (opens in a new tab)

    Cubico Sustainable Investments · 14 January 2024 completed-deal announcement: Cubico acquires Peel NRE's entire 50% joint-venture interest

    Accessed 13 Oct 2026
  26. 26
    CPP Investments acquires ownership of the Trafford Centre (opens in a new tab)

    CPP Investments · 16 December 2020: ownership acquired through CPPIB Credit following enforcement; Trafford Centre is separate from Peel's Trafford Palazzo and wider TraffordCity place brand

    Accessed 13 Oct 2026
  27. 27
    CMAL takes ownership of Ardrossan Harbour (opens in a new tab)

    Caledonian Maritime Assets Limited · 18 March 2026 completed acquisition of harbour assets from Peel Ports on behalf of the Scottish Government; does not establish transfer of the old legal company's shares

    Accessed 13 Oct 2026
  28. 28
    Teesside International Airport public ownership (opens in a new tab)

    Teesside International Airport · Airport's current description records return to public ownership in 2019; current exact capital split not reconciled here

    Accessed 13 Oct 2026
  29. 29
    Teesside airport registered control history (opens in a new tab)

    Companies House · Peel Investments (DTVA) Limited ceased as controller on 15 February 2019

    Accessed 13 Oct 2026
  30. 30
    Peel Group Tax Strategy 2026 (opens in a new tab)

    Peel Group · Updated March 2026, pp2–3: policy approved by Peel Holdings Group Limited; no cash-tax payment amount

    Accessed 13 Oct 2026
  31. 31
    Harworth: FTSE constituent deletion notice (opens in a new tab)

    FTSE Russell · Regulatory News Service · 15 October 2026 primary notice: Peel shareholding in excess of 75%; FTSE 250 removal scheduled for 20 October. Index deletion is distinct from cancellation of stock-exchange listing and does not establish 100% ownership.

    Accessed 16 Oct 2026
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