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Cash

Latest balance sheet

Net assets

£41M

-72.4% lowest in 3 filed years

Employees

0

Average over period

Profit before tax

-£106M

-401.8% lowest in 3 filed years

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30

Metric Trend 2023-09-302024-09-302025-09-30 Δ vs prior
Turnover
Operating profit -£10,000-£85,989,000-£106,393,000 -23.7%
Profit before tax -£10,000£35,256,000-£106,393,000 -401.8%
Net profit -£15,000£35,256,000-£106,393,000 -401.8%
Cash
Total assets less current liabilities £172,538,000£146,950,000£40,557,000 -72.4%
Net assets £172,538,000£146,950,000£40,557,000 -72.4%
Equity £172,538,000£146,950,000£40,557,000 -72.4%
Average employees 00
Wages
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 2023-09-302024-09-302025-09-30
Return on capital employed -0.0%-58.5%-262.3%

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. Sector-distribution context coming next.

Audit & accounting basis

Accounting basis
FRS 101
Reporting scope
Standalone (parent only)
Auditor
Ernst & Young LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“Accordingly, after making enquiries and having considered forecasts and appropriate sensitivities, the Directors have a reasonable expectation that the Group has sufficient resources to continue in operational existence for the Going Concern Period and accordingly continue to adopt a going concern basis for the preparation of the financial statements.”

Group structure

  1. CAPELLA UK PLEDGECO 3 LIMITED · parent
    1. Capella UK Bidco 3 Limited · United Kingdom
    2. IQSA Newcastle Propco Limited · United Kingdom
    3. Central Business and Technology Park Management Company Limited 80% · United Kingdom
    4. IQSA Minster Limited · United Kingdom
    5. IQSA Development Finance 3 Limited · United Kingdom
    6. Cain Management Limited · United Kingdom
    7. IQSA Development Finance 1 S.à r.l. · Luxembourg
    8. WH Student Accommodation S.à r.l. · Luxembourg
    9. IQSA Development Finance 2 S.à r.l. · Luxembourg
    10. IQSA Hume House S.à r.l. · Luxembourg
    11. IQSA Bainbridge Limited · Jersey
    12. IQSA Manors (North) Limited · Jersey
    13. IQSA Coventry Limited · Jersey

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

3 active · 6 resigned

Name Role Appointed Born Nationality
KANAKIS, Rebecca Louise Director 2022-07-22 Feb 1980 British
MERRICK, Matthew Graham Director 2026-04-30 Feb 1978 British
SANGAR, Dushyant Singh Director 2025-05-16 Jan 1982 British
Show 6 resigned officers
Name Role Appointed Resigned
DAVIES, Simon David Austin Director 2020-02-18 2022-07-22
KATAKY, Gemma Nandita Director 2020-02-18 2023-02-24
MORTIMER, James Neil Director 2021-07-30 2026-04-30
MORTON, Emma Jane Director 2020-02-18 2021-07-30
VASHI, Rachana Gautam Director 2023-02-24 2025-05-16
VRANA, Michael David Director 2020-02-18 2025-05-16

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr Stephen Allen Schwarzman Individual Significant influence 2020-02-18 Ceased 2021-11-23
Capella Uk Mezzco 3 Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2020-02-18 Active

Filing timeline

Last 20 of 47 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2024-03-28 RESOLUTIONS Resolution
Date Type Category Description
2026-05-28 AA accounts Accounts with accounts type full
2026-05-01 AP01 officers Appoint person director company with name date PDF
2026-04-30 TM01 officers Termination director company with name termination date PDF
2026-03-09 PSC05 persons-with-significant-control Change to a person with significant control PDF
2026-02-23 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-06-02 RP04AP01 officers Second filing of director appointment with name PDF
2025-06-02 TM01 officers Termination director company with name termination date PDF
2025-06-02 TM01 officers Termination director company with name termination date PDF
2025-05-30 AP01 officers Appoint person director company with name date
2025-05-02 AA accounts Accounts with accounts type full
2025-02-28 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-12-10 AD02 address Change sail address company with old address new address PDF
2024-07-19 AD01 address Change registered office address company with date old address new address PDF
2024-04-11 AA accounts Accounts with accounts type full
2024-03-28 SH19 capital Capital statement capital company with date currency figure
2024-03-28 RESOLUTIONS resolution Resolution
2024-03-28 CAP-SS insolvency Legacy
2024-03-28 SH20 capital Legacy
2024-03-01 CS01 confirmation-statement Confirmation statement with updates PDF
2024-01-26 RP04SH01 capital Second filing capital allotment shares PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
5

last 12 months

Capital events
0

last 24 months

Officers appointed
1

last 12 months

Officers resigned
1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page