CUBUS LUX PLC
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Cash
—
Latest balance sheet
Net assets
-£56M
lowest in 6 filed years
Employees
3
Average over period
Profit before tax
-£4.3M
Period ending 2025-09-30
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company incurred a net loss of £4,320,000 during the period ended 30 September 2025 and, at that date, the company's liabilities exceeded its assets by £56.2m. The company is in default of the terms of its borrowings and has amounts outstanding to suppliers. These conditions ... indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | |
| Operating profit | — | — | — | -£1,645,000 | -£862,000 | -£2,257,000 | — | |
| Profit before tax | -£3,117,000 | -£906,000 | -£2,009,000 | -£3,520,000 | -£1,626,000 | -£4,320,000 | — | |
| Net profit | -£3,117,000 | -£906,000 | — | -£3,520,000 | -£1,626,000 | -£4,320,000 | — | |
| Cash | — | — | — | — | — | — | — | |
| Total assets less current liabilities | — | — | — | — | — | — | — | |
| Net assets | — | — | — | -£50,292,000 | -£51,918,000 | -£56,238,000 | — | |
| Equity | -£43,857,000 | -£44,763,000 | -£46,772,000 | -£50,292,000 | -£51,918,000 | -£56,238,000 | — | |
| Average employees | 3 | 3 | 3 | 3 | 3 | 3 | — | |
| Wages | £55,000 | £55,000 | £55,000 | £55,000 | £55,000 | £82,000 | — | |
| Directors' remuneration | £55,000 | £55,000 | £55,000 | £55,000 | £55,000 | £82,000 | — |
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 —. Year-on-year comparison hidden: this filing covers about 18 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Interest cover | — | — | — | -0.88x | -1.13x | -1.09x |
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.
Name history
Renamed 2 times since incorporation
- CUBUS LUX PLC 2004-06-14 → present
- CUBUS LUX (UK) LIMITED 2004-05-26 → 2004-06-14
- FORSTERS SHELFCO 196 LIMITED 2004-05-13 → 2004-05-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- UHY Hacker Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The company incurred a net loss of £4,320,000 during the period ended 30 September 2025 and, at that date, the company's liabilities exceeded its assets by £56.2m. The company is in default of the terms of its borrowings and has amounts outstanding to suppliers. These conditions ... indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern.”
Group structure
- CUBUS LUX PLC · parent
- Adriatic Development LLC 100%
- Cubus Lux d.o.o 100%
- Cubus Lux Grandenje d.o.o. 100%
- Cubus Lux Tenis d.o.o. 100%
- Cubus Lux Usluge d.o.o. 100%
- Deep Blue Developments GmbH 100%
- Duboko Plavetnilo Hoteli d.o.o. 100%
- Duboko Plavetnilo Ugljan Projekta nt d.o.o. 100%
- Golf Projektant Skradin d.o.o. 100%
- Tiha Uvala d.o.o 100%
- Worldwide Leisure Housing LLC 100%
Significant events
- “the detrimental effect on the leisure and tourism projects that the Company was advancing in Croatia and across South Fast Europe. This included the Olive Island Resort in Croatia, Valdanos in Montenegro and further wellness projects in Austria.”
- “In recent periods, the Directors have personally financed Company costs and dealt with the legal actions concerning the previously disclosed case against the Group's former bankers.”
- “the failure to achieve a successful outcome to the legal cases; and the inability to recover control and value for its shareholders from those subsidiary undertakings.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCANN, Stephen John | Secretary | 2013-01-02 | — | British |
| HUBER, Gerhard, Dr | Director | 2005-07-21 | Jul 1959 | British |
| JANSSEN, Michael | Director | 2005-07-19 | Apr 1966 | German |
| MCCANN, Stephen John | Director | 2007-03-08 | Jun 1959 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| RAVID, Haggai | Secretary | 2004-05-20 | 2005-07-28 |
| REID, Alan | Secretary | 2005-07-28 | 2005-10-01 |
| SIMMONS, David | Secretary | 2005-10-01 | 2013-01-02 |
| FORSTERS SECRETARIES LIMITED | Corporate Nominee Secretary | 2004-05-13 | 2004-05-20 |
| ABRAMOVICH, Eliezer | Director | 2006-06-27 | 2012-03-12 |
| ALVAREZ MOLINA, Francisco | Director | 2007-03-08 | 2015-09-21 |
| GRAY, David William | Director | 2004-06-07 | 2005-01-05 |
| HAR ADIR, Moshe | Director | 2004-05-20 | 2005-07-19 |
| KAISER, Christian | Director | 2006-03-06 | 2012-03-12 |
| NAHON, Leon Rodolfo | Director | 2004-08-13 | 2012-07-03 |
| RAVID, Haggai | Director | 2004-05-20 | 2008-08-06 |
| RYAN, Claire | Director | 2004-05-13 | 2004-05-20 |
| YENNI, Yaron | Director | 2004-05-20 | 2004-09-12 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 226 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AA | accounts | Accounts with accounts type full | |
| 2026-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-09 | CH01 | officers | Change person director company with change date | |
| 2026-06-09 | CH01 | officers | Change person director company with change date | |
| 2026-06-09 | CH01 | officers | Change person director company with change date | |
| 2025-08-20 | AA01 | accounts | Change account reference date company current extended | |
| 2025-07-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | CH03 | officers | Change person secretary company with change date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-09-30 | CH01 | officers | Change person director company with change date | |
| 2024-09-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-23 | AA | accounts | Accounts with accounts type full | |
| 2022-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-12-31 | CH03 | officers | Change person secretary company with change date | |
| 2021-12-30 | CH01 | officers | Change person director company with change date | |
| 2021-12-30 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.