SHURGARD UK LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +7.8%

  £58,725,832 → £63,292,193

• Cash

  -81.6%

  £1,898,645 → £349,291

• Net assets

  +16.4%

  £909,387,769 → £1,058,650,378

• Employees

  +13%

  115 → 130

• Operating profit

  +3.8%

  £29,141,175 → £30,245,140

• Profit before tax

  +49.8%

  £100,839,168 → £151,077,518

• Wages

  +32.5%

  £5,379,072 → £7,129,811

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. SHURGARD UK LIMITED 2012-09-24 → present
2. SHURGARD UK PROPERTIES LIMITED 2003-06-17 → 2012-09-24
3. IBIS (819) LIMITED 2003-04-11 → 2003-06-17

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers CI LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company is a subsidiary of Shurgard Self Storage Limited ("the group" / "the parent company"). Whilst the company has sufficient cash reserves to continue as a going concern and the directors are satisfied the company can operate within its current available cash reserves, we also recognise that the group is managed on a consolidated basis for central financing and cashpooling arrangements, so investment and financing decisions may result in certain geographies receiving or providing financing to others. As a result, the company will receive funding in meeting its ongoing financial obligations and liabilities as they fall due during the normal course of business for at least 12 months from the approval date of the financial statements. The directors have satisfied themselves that Shurgard Self Storage Limited has the means and ability to provide financial support for a period at least 12 months from the approval date of the financial statements by reviewing consolidated cash flow forecasts, discussing and challenging those cash flow forecasts with group directors and assessing the level of cash reserves and facilities available at the group. Considering all these steps, the directors have satisfied themselves that it is appropriate that the financial statements are prepared on a going concern basis.”

Group structure

1. SHURGARD UK LIMITED · parent
   1. Shurgard Storage Centres UK Limited 100%
   2. Shurgard Services UK Limited 100%
   3. Second Shurgard UK Limited 100%
   4. Shurgard UK West London Limited 100%
   5. MM3 Milly Millars Lane Management Company Limited 50%

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.