AVIVA INVESTORS GR SPV 15 LIMITED

• ◆

  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

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

  -13.1%

  £238,523 → £207,377

• Cash

  —

  Not reported

• Net assets

  -204.1%

  -£1,177,135 → -£3,580,170

• Employees

  —

  Not reported

• Operating profit

  -485.1%

  -£362,967 → -£2,123,879

  lowest in 5 filed years

• Profit before tax

  -283.9%

  -£620,584 → -£2,382,202

  lowest in 5 filed years

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. AVIVA INVESTORS GR SPV 15 LIMITED 2016-02-18 → present
2. ST ANDREW FREEHOLD REVERSIONS LIMITED 2015-11-16 → 2016-02-18
3. DALSTON LEASEHOLDS LIMITED 2010-02-05 → 2015-11-16
4. DAVID WILSON HOMES LAND (NO 4) LIMITED 2006-07-13 → 2010-02-05

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Disclaimer of opinion

Going concern

Affirmed

“At the balance sheet date the Company had net current liabilities of £5,678,170 (2023: £5,548,135). This is driven by the intercompany borrowings with the parent of £4,293,612 (2023: £4,293,612) and other creditor balances. The Directors have received confirmation via separate letters of support that Aviva Investors REALM Ground Rent Limited Partnership intends to support the Company to enable it to meet its obligations as they fall due and Aviva Investors Ground Rent Holdco Limited will not seek repayment of part or all of the amount owed by this Company, where to do so would place this Company in an insolvent position. The Directors have reviewed the current and projected financial position of the Company, making reasonable assumptions about future trading performance. After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements and on this basis the Directors have adopted the going concern in preparing the financial statements.”

Significant events

• “Material Valuation Uncertainty: After applying discounts of £1.5m (2023: £0.4m), the independent valuer has also applied two material valuation uncertainty clauses ('MVUs') to the Company's investment property.”
• “Regulatory Updates: Both the incumbent Government at the start of the year and the new Labour Government continued to develop and implement their Leasehold Reform and Building Safety policies into regulations and legislation throughout 2024.”
• “Remediation Acceleration Plan: Government published its Remediation Acceleration Plan on 2 December 2024, setting clear deadlines for building owners to start and complete remediation.”
• “Leasehold Reform: Following the release of the Leasehold and Freehold Reform Bill on 27 November 2023, DLUHC issued a consultation into introducing a ground rent cap.”
• “Suspension of redemptions: The Unit Trust implemented a suspension of redemptions in Q2 2022 to protect the interests of the Company and all its investors and this suspension remained in force throughout 2024.”
• “Events after the reporting period: On 2 December 2024, Government published its Remediation Acceleration Plan. The company is working with stakeholders to meet obligations.”
• “Events after the reporting period: MHCLG confirmed publication of four consultations during 2025 regarding Leasehold Reform - Insurance Commission.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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