GLASGOW RESIDENCES (KENNEDY STREET) LLP
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Cash
£31M
+493.7% highest in 3 filed years
Net assets
£32M
+218.4% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£22M
+8,129.6% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
These financial statements have not been prepared on a going concern basis. Items included within assets and liabilities are current and shown at their realisable values.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Unclassified median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £4,159,000 | £4,743,000 | £4,312,000 | -9.1% | |
| Operating profit | £1,496,000 | £1,746,000 | £23,355,000 | +1,237.6% | |
| Profit before tax | -£55,000 | £267,000 | £21,973,000 | +8,129.6% | |
| Net profit | -£55,000 | £267,000 | £21,973,000 | +8,129.6% | |
| Cash | £4,293,000 | £5,256,000 | £31,206,000 | +493.7% | |
| Total assets less current liabilities | £31,692,000 | £31,382,000 | £32,036,000 | +2.1% | |
| Net assets | £9,796,000 | £10,063,000 | £32,036,000 | +218.4% | |
| Equity | £9,796,000 | £10,063,000 | £32,036,000 | +218.4% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Members' 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 36.0% | 36.8% | — | |
| Net margin | -1.3% | 5.6% | — | |
| Return on capital employed | 4.7% | 5.6% | 72.9% | |
| Gearing (liabilities / total assets) | 70.6% | 69.8% | — | |
| Current ratio | 3.17x | 3.38x | 36.48x | |
| Interest cover | 0.88x | 1.01x | 13.72x |
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 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“These financial statements have not been prepared on a going concern basis. Items included within assets and liabilities are current and shown at their realisable values.”
Significant events
- “On 17 December 2025, the LLP sold its interest in its student accommodation property and so ceased trading in this sector on this date. The LLP is therefore no longer considered to be a going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GLASGOW RESIDENCES (KENNEDY STREET) HOLDINGS LIMITED | Corporate LLP Designated Member | 2015-12-23 | — | — |
| GLASGOW RESIDENCES (KENNEDY STREET) SPV LIMITED | Corporate LLP Designated Member | 2015-12-23 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Glasgow Residences (Kennedy Street) Spv Limited | Corporate entity | Voting 75–100% (LLP), Surplus assets 75–100% (LLP) | 2016-04-06 | Active |
Filing timeline
Last 20 of 36 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-04 | AA | accounts | Accounts with accounts type full | |
| 2026-02-17 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2026-02-17 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2026-02-17 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2026-02-17 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2026-02-17 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2026-02-17 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2026-01-02 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-05 | AA | accounts | Accounts with accounts type full | |
| 2025-01-06 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-14 | AA | accounts | Accounts with accounts type full | |
| 2024-01-04 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-22 | AA | accounts | Accounts with accounts type full | |
| 2023-01-03 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-31 | AA | accounts | Accounts with accounts type full | |
| 2022-08-16 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2022-08-16 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2022-01-04 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-02 | AA | accounts | Accounts with accounts type full | |
| 2021-01-27 | LLCS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.