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Cash

Latest balance sheet

Net assets

£1.3B

+4.6% highest in 3 filed years

Employees

0

Average over period

Profit before tax

£55M

+425,246.2% vs 2024

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 -£13,000£55,264,000 +425,207.7%
Profit before tax -£13,000£55,269,000 +425,246.2%
Net profit -£13,000£55,290,000 +425,407.7%
Cash
Total assets less current liabilities £1,206,483,000£1,206,470,000£1,261,760,000 +4.6%
Net assets £1,206,483,000£1,206,470,000£1,261,760,000 +4.6%
Equity £1,206,483,000£1,206,470,000£1,261,760,000 +4.6%
Average employees 000
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%4.4%
Current ratio 1.00x0.55x1.66x

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 MEZZCO 1 LIMITED · parent
    1. Capella UK Pledgeco 1 Limited 100% · United Kingdom
    2. Capella UK Bidco 1 Limited 100% · United Kingdom
    3. MP Newlands Limited 100% · United Kingdom
    4. IQSA (Wembley Court) LP 100% · United Kingdom
    5. Elliot Edinburgh Limited 100% · United Kingdom
    6. IQSA (Hermes) Limited 100% · United Kingdom
    7. Pure Bankside Limited 100% · United Kingdom
    8. Pure Hammersmith Limited 100% · United Kingdom
    9. Pure City Opco Limited 100% · United Kingdom
    10. IQSA (Athena) Limited 100% · United Kingdom
    11. IQSA (Glasgow) Limited 100% · United Kingdom
    12. IQSA (GP1) Limited 100% · United Kingdom
    13. LTS Paris Gardens (General Partner) Limited 100% · United Kingdom
    14. IQ (Shareholder GP) Limited 100% · United Kingdom
    15. IQSA (Bloomsbury) Nominee Limited 100% · United Kingdom
    16. IQ Shoreditch (General Partner 2) Limited 100% · United Kingdom
    17. IQSA (Wembley Court) GP1 Limited 100% · United Kingdom
    18. IQ Shoreditch Letting (General Partner 2) Limited 100% · United Kingdom
    19. IQ Two (General Partner) Limited 100% · United Kingdom
    20. IQ Two Property Limited Partnership 100% · United Kingdom
    21. IQ Two Letting (General Partner 2) Limited 100% · United Kingdom
    22. IQ (General Partner) Limited 100% · United Kingdom
    23. IQ Property Partnership 100% · United Kingdom
    24. IQ Letting (General Partner 2) Limited 100% · United Kingdom
    25. Corsham Street Student 1 Limited 100% · United Kingdom
    26. IQSA Nottingham Holding Company 100% · United Kingdom
    27. MP Newtown Limited 100% · United Kingdom
    28. Redness York Limited 100% · United Kingdom
    29. UKSA 60 CR Limited 100% · United Kingdom
    30. IQSA UK City Aldgate Limited 100% · United Kingdom
    31. IQSA Weaver Place Limited 100% · United Kingdom
    32. Arcade Holloway Limited 100% · United Kingdom
    33. Opal Villas Limited 100% · United Kingdom
    34. IQSA (Brighton) Limited 100% · United Kingdom
    35. LTS Paris Gardens (Nominee) Limited 100% · United Kingdom
    36. IQSA (GP2) Limited 100% · United Kingdom
    37. LTS Paris Gardens Limited Partnership 100% · United Kingdom
    38. IQSA (Bloomsbury) LP 100% · United Kingdom
    39. IQ Shoreditch (General Partner) Limited 100% · United Kingdom
    40. IQ Shoreditch Property Limited Partnership 100% · United Kingdom
    41. IQ Shoreditch Letting (General Partner) Limited 100% · United Kingdom
    42. IQ Shoreditch Letting Property Limited Partnership 100% · United Kingdom
    43. IQ Two (General Partner 2) Limited 100% · United Kingdom
    44. IQ Two Letting (General Partner) Limited 100% · United Kingdom
    45. IQ Two Letting Property Limited Partnership 100% · United Kingdom
    46. IQ (General Partner 2) Limited 100% · United Kingdom
    47. IQ Letting (General Partner) Limited 100% · United Kingdom
    48. IQ Letting Property Partnership 100% · United Kingdom
    49. IQSA Holdings S.à r.l. 100% · Luxembourg
    50. GSG Hermes S.à r.l. 100% · Luxembourg
    51. IQSA Acquisition 1 S.à r.l. 100% · Luxembourg
    52. GSG Athena 2 Holdco S.à r.l. 100% · Luxembourg
    53. IQSA Acquisition 2 S.à r.l. 100% · Luxembourg
    54. IQSA Arcade Holloway Road S.à r.l. 100% · Luxembourg
    55. GSG Athena 2 S.à r.l. 100% · Luxembourg
    56. IQSA Newlands S.à r.l. 100% · Luxembourg
    57. IQSA Commercial Road S.à r.l. 100% · Luxembourg
    58. Titanium Athena S.à r.l. 100% · Luxembourg
    59. IQSA Student Holdco S.à r.l. 100% · Luxembourg
    60. IQSA Redeness 2 S.à r.l. 100% · Luxembourg
    61. Athena Properties 4 Limited 100% · Jersey
    62. Lugus Holding Limited 100% · Jersey
    63. GSGA II Real Estate Limited 100% · Jersey
    64. IQSA Paris Garden Limited 100% · Jersey
    65. Hermes Asset Weston Limited 100% · Jersey
    66. IQSA Ewer Hammersmith Limited 100% · Jersey
    67. Hermes Asset Group Limited 100% · Jersey
    68. Titanium Bloomsbury Limited 100% · Jersey
    69. IQ Unit Trust 100% · Jersey
    70. IQSA Century Square Limited 100% · Jersey
    71. IQSA Arcade LL Limited 100% · Jersey
    72. IQSA Elliot Edinburgh Limited 100% · Jersey
    73. IQSA Redness York Limited 100% · Jersey
    74. IQSA Properties Limited 100% · Jersey
    75. Athena Properties 5 Limited 100% · Jersey
    76. Titanium Minority Unitholder Limited 100% · Jersey
    77. IQ Shoreditch Unit Trust 100% · Jersey

Significant events

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 2020-02-20 2022-07-22
KATAKY, Gemma Nandita Director 2020-02-20 2023-02-24
MORTIMER, James Neil Director 2021-07-30 2026-04-30
MORTON, Emma Jane Director 2020-02-20 2021-07-30
VASHI, Rachana Gautam Director 2023-02-24 2025-05-16
VRANA, Michael David Director 2020-02-20 2025-05-16

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr Stephen Allen Schwarzman Individual Significant influence 2020-02-20 Ceased 2021-11-23
Capella Uk Midco 1 Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2020-02-20 Active

Filing timeline

Last 20 of 42 total filings

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
2026-03-02 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 PDF
2025-05-02 AA accounts Accounts with accounts type full
2025-03-03 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-02-13 PSC05 persons-with-significant-control Change to a person with significant control PDF
2025-02-13 PSC05 persons-with-significant-control Change to a person with significant control 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
2024-04-09 AA accounts Accounts with accounts type full
2024-03-04 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-04-12 AA accounts Accounts with accounts type full
2023-03-10 RP04CS01 confirmation-statement Second filing of confirmation statement with made up date PDF
2023-03-03 CS01 confirmation-statement Confirmation statement with no updates
2023-03-02 AP01 officers Appoint person director company with name date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

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