CSSCK UK LTD.
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Cash
£789k
+60.8% vs 2023
Net assets
-£51m
-15.4% lowest in 4 filed years
Employees
103
-50.7% lowest in 3 filed years
Profit before tax
-£6.8m
+15.1% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Group is reliant on support from the ultimate parent company, City Storage Solutions LLC, in order to meet its liabilities as they fall due and the ultimate parent company has confirmed that it will be able to continue this financial support for a period of at least twelve months from date of approval of these consolidated financial statements The ultimate parent company has also guaranteed that no intercompany liabilities owed to it will be called upon where it would compromise the Group's ability to meet its liabilities The directors therefore consider it appropriate to prepare the consolidated financial statements on a going concern basis
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
4-year trend · vs Real Estate median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | £940,055 | £17,042,573 | £13,798,336 | -19% | |
| Operating profit | — | — | -£8,045,460 | -£6,830,644 | +15.1% | |
| Profit before tax | — | -£15,883,454 | -£8,045,460 | -£6,828,115 | +15.1% | |
| Net profit | — | -£15,883,454 | -£8,057,450 | -£6,844,103 | +15.1% | |
| Cash | — | £2,881,120 | £490,870 | £789,319 | +60.8% | |
| Total assets less current liabilities | — | £10,204,452 | -£44,364,716 | -£51,214,439 | -15.4% | |
| Net assets | — | £10,204,452 | -£44,364,716 | -£51,214,439 | -15.4% | |
| Equity | £10,088,598 | £10,204,452 | -£44,364,716 | -£51,214,439 | -15.4% | |
| Average employees | — | 246 | 209 | 103 | -50.7% | |
| Wages | — | £11,437,505 | £12,140,787 | £8,743,352 | -28% | |
| Directors' remuneration | — | — | £0 | £0 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -47.2% | -49.5% | |
| Net margin | — | — | -47.3% | -49.6% | |
| Current ratio | — | 1.16x | 0.67x | 0.63x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“The Group is reliant on support from the ultimate parent company, City Storage Solutions LLC, in order to meet its liabilities as they fall due and the ultimate parent company has confirmed that it will be able to continue this financial support for a period of at least twelve months from date of approval of these consolidated financial statements The ultimate parent company has also guaranteed that no intercompany liabilities owed to it will be called upon where it would compromise the Group's ability to meet its liabilities The directors therefore consider it appropriate to prepare the consolidated financial statements on a going concern basis”
Group structure
- CSSCK UK LTD. · parent
- Otter Operations UK Limited
- Proper Plates Limited
- UK Cloud Retail Limited
- SGA Management Lith, UAB
- UK Strategic Investment Holdings Limited
Significant events
- “In March 2026, Mattas, a Turkish counterparty, entered a court-supervised concordat restructuring process in Turkey A provisional moratorium has been in place since that date, the court is expected to rule in June 2026 on whether to grant a definitive moratorium, which if confirmed would last approximately one year”
- “The Group holds a prepayment of approximately £813,493 in respect of steel inventory purchased from Mattas and held at its site As the steel remains Group-owned property, it falls outside the concordat estate and the Group's primary recovery route is physical retrieval of the inventory, which it is pursuing through Turkish legal counsel In the event that the steel cannot be recovered in full, the Group's residual claim would rank as unsecured within the concordat process, where recovery is expected to be partial”
- “The financial impact cannot be reliably estimated at the date of approval of these financial statements This is a non-adjusting post-balance sheet event, as the conditions giving rise to the event arose after the reporting date of 31 December 2024”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SALOVAARA, Mikko Helander, Mr. | Director | 2026-02-01 | Feb 1992 | American |
| SUMAR, Qazimali | Director | 2020-03-10 | Aug 1986 | Swedish |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CORPORATION SERVICE COMPANY (UK) LIMITED | Corporate Secretary | 2019-12-04 | 2024-11-22 |
| CORPORATION SERVICE COMPANY (UK) LIMITED | Corporate Secretary | 2018-11-29 | 2019-04-12 |
| ATKIN, Matthew Alexander | Director | 2018-11-29 | 2019-04-01 |
| BERESFORD, William James | Director | 2019-04-01 | 2019-12-04 |
| CERESA, Alberto | Director | 2025-03-31 | 2025-10-31 |
| DIAZ SAMPER, Felipe | Director | 2024-10-30 | 2025-03-31 |
| GOFF, Michael Colburn | Director | 2018-11-29 | 2022-02-04 |
| MCGOWAN, Murray Henry | Director | 2019-12-04 | 2020-03-10 |
| NAHMIAS, Ariel Frank | Director | 2018-11-29 | 2019-12-04 |
| SAMPAIO, Rodrigo Monteiro De Abreu | Director | 2022-02-04 | 2026-02-01 |
| SAVAGE, Daniel | Director | 2023-06-26 | 2024-08-22 |
| SHABY, Roy | Director | 2019-04-01 | 2019-12-04 |
| STAIGHT, Matthew | Director | 2022-02-04 | 2022-07-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ck Technology Holdings Ii Limited | Legal person | Shares 75–100%, Voting 75–100% | 2022-06-30 | Active |
| Flatpark Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-03-01 | Ceased 2022-06-30 |
| Travis Cordell Kalanick | Individual | Significant influence | 2018-11-29 | Ceased 2019-03-01 |
| Diego Gaston Berdakin | Individual | Significant influence | 2018-11-29 | Ceased 2019-03-01 |
Filing timeline
Last 20 of 65 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-16 | AA | accounts | Accounts with accounts type group | |
| 2026-05-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-18 | CH01 | officers | Change person director company with change date | |
| 2026-02-18 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-01 | CH01 | officers | Change person director company with change date | |
| 2025-06-19 | CH01 | officers | Change person director company with change date | |
| 2025-06-17 | CH01 | officers | Change person director company with change date | |
| 2025-06-17 | CH01 | officers | Change person director company with change date | |
| 2025-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-25 | AAMD | accounts | Accounts amended with accounts type group | |
| 2025-02-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-18 | AA | accounts | Accounts with accounts type group | |
| 2024-12-14 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-12-10 | GAZ1 | gazette | Gazette notice compulsory |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.