ENVIRONMENTS FOR LEARNING LEEDS PFI TWO LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2027-04-08 (in 11mo)
Last made up 2026-03-25
Watchouts
Cash
£3M
+18.9% highest in 3 filed years
Net assets
-£258K
-405.9% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
£455K
+119.8% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
With effect from 5 October 2023, the Company does not have an effective Parent Company Guarantee in place due to the liquidation of Interserve Group Limited ("IGL"). This has led to technical default in the Loan Facilities Agreement which means that the lender could recall the senior debt from the Company on demand. The Directors confirm that there are no plans that would change the future operations of the Company. Consequently, the Directors have prepared the financial statements on a going concern basis however they acknowledge the EOD gives rise to a material uncertainty which may cause significant doubt about the Company's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business.
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-09-30
| Metric | Trend | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|
| Turnover | — | — | £1,777,000 | £1,936,000 | |
| Operating profit | — | — | £397,000 | £531,000 | |
| Profit before tax | — | £156,000 | £207,000 | £455,000 | |
| Net profit | — | £125,000 | £162,000 | £341,000 | |
| Cash | — | £2,750,000 | £2,394,000 | £2,847,000 | |
| Total assets less current liabilities | — | — | £1,439,000 | £1,791,000 | |
| Net assets | — | £90,000 | -£51,000 | -£258,000 | |
| Equity | -£4,689,000 | £90,000 | -£51,000 | -£258,000 | |
| Average employees | — | — | 0 | 0 | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30
-
Turnover
+8.9%
£1,777,000 £1,936,000
-
Cash
+18.9%
£2,394,000 £2,847,000
highest in 3 filed years
-
Net assets
-405.9%
-£51,000 -£258,000
lowest in 3 filed years
-
Employees
—
Not reported
-
Operating profit
+33.8%
£397,000 £531,000
-
Profit before tax
+119.8%
£207,000 £455,000
highest in 3 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating margin | — | — | 22.3% | 27.4% | |
| Net margin | — | — | 9.1% | 17.6% | |
| Return on capital employed | — | — | 27.6% | 29.6% | |
| Gearing (liabilities / total assets) | — | — | 100.2% | 101.2% | |
| Current ratio | — | — | 1.07x | 1.09x | |
| Interest cover | — | — | 0.34x | 0.43x |
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. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“With effect from 5 October 2023, the Company does not have an effective Parent Company Guarantee in place due to the liquidation of Interserve Group Limited ("IGL"). This has led to technical default in the Loan Facilities Agreement which means that the lender could recall the senior debt from the Company on demand. The Directors confirm that there are no plans that would change the future operations of the Company. Consequently, the Directors have prepared the financial statements on a going concern basis however they acknowledge the EOD gives rise to a material uncertainty which may cause significant doubt about the Company's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business.”
Significant events
- “The Company has failed to have an effective Parent Company Guarantee ("PCG") in place as a result of the liquidation of Interserve Group Limited which has led to the combined Construction and Facilities Management ("FM") Contract becoming terminable as well as triggering technical defaults in the Loan Facilities Agreement. On 5 October 2023 Interserve Group Limited ("IGL") appointed liquidators under a Creditors Voluntary Liquidation. IGL is a Major Project Party as it provides a PCG for Tilbury Douglas Construction Limited ("TDCL") in relation to the combined Construction and FM Contract between the Company and TDCL. Therefore, as a result of IGL's liquidation, the combined Construction and FM Contracts have become terminable. This insolvency event has also triggered a technical default in the Loan Facility Agreement of the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RESOLIS LIMITED | Corporate Secretary | 2022-04-05 | — | — |
| HEPBURN, Paul Robert, Mr. | Director | 2022-02-14 | Apr 1969 | British |
| MCGHEE, Steven John | Director | 2025-08-25 | Oct 1983 | British |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KEEN, Richard | Secretary | 2018-01-17 | 2018-05-18 |
| PHILLIPS, Judith Carlyon | Secretary | 2015-11-17 | 2017-11-30 |
| RAPLEY, Wendy Lisa | Secretary | 2019-04-09 | 2022-04-05 |
| SMERDON, Leigh | Secretary | 2008-02-14 | 2015-07-31 |
| ANDREWS, Paul Simon | Director | 2014-01-21 | 2014-04-04 |
| BLANCHARD, David Graham | Director | 2012-08-01 | 2013-06-27 |
| CLAPP, Andrew David | Director | 2014-04-04 | 2018-07-04 |
| CUNNINGHAM, Kevin Alistair | Director | 2020-07-01 | 2025-08-25 |
| ENGLISH, Nick Stuart | Director | 2011-09-14 | 2012-08-01 |
| FALERO, Louis Javier | Director | 2011-09-14 | 2013-03-18 |
| FALERO, Louis Javier, Mr. | Director | 2008-09-09 | 2008-09-09 |
| FIELD, Christopher Richard | Director | 2013-01-22 | 2022-01-07 |
| GORDON, John Stephen | Director | 2015-11-01 | 2020-07-01 |
| HARRIS, John David | Director | 2013-03-18 | 2015-10-19 |
| HOILE, Richard David | Director | 2008-02-14 | 2011-08-12 |
| JOHNSTONE, Peter Kenneth | Director | 2017-09-01 | 2020-07-01 |
| JONES, David Richard | Director | 2013-06-28 | 2014-01-24 |
| JONES, Stephen Michael | Director | 2008-02-14 | 2017-09-01 |
| LOMAS, David James | Director | 2008-02-14 | 2010-09-28 |
| MATTHEWS, Andrew | Director | 2008-02-14 | 2011-09-14 |
| MCDONAGH, John | Director | 2013-03-18 | 2017-09-01 |
| MCGLYNN, Fionuala Margaret | Director | 2008-02-14 | 2010-09-28 |
| SHAH, Sinesh Ramesh | Director | 2012-10-09 | 2014-01-21 |
| TEMPLETON, Matthew | Director | 2018-10-01 | 2021-01-19 |
| VINCE, Robert David | Director | 2008-02-14 | 2013-01-22 |
| WADDINGTON, Adam George | Director | 2011-09-14 | 2012-10-09 |
| BEIF II CORPORATE SERVICES LIMITED | Corporate Director | 2010-11-09 | 2013-03-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Environments For Learning Leeds Holdco Two Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 124 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-23 | AA | accounts | Accounts with accounts type full | |
| 2025-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-26 | AA | accounts | Accounts with accounts type full | |
| 2024-03-07 | AD02 | address | Change sail address company with old address new address | |
| 2024-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-06 | AD04 | address | Move registers to registered office company with new address | |
| 2024-03-06 | CH01 | officers | Change person director company with change date | |
| 2024-03-06 | CH01 | officers | Change person director company with change date | |
| 2023-10-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-07-06 | AA | accounts | Accounts with accounts type full | |
| 2023-05-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-21 | AA | accounts | Accounts with accounts type full | |
| 2022-04-27 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2022-04-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.