LANCASHIRE SCHOOLS SPC HOLDINGS PHASE 2A LTD

• ⚠

  Confirmation statement overdue

  Due 2026-09-08.

• ◆

  Material uncertainty over going concern

  However, if an Event of Default does occur and the Senior Lender exercises its right to full repayment of the senior debt or if Deductions associated with defects continue at a level similar to or greater than the level between October 2025 and June 2026, there is a material uncertainty which may cast significant doubt upon the Company's ability to continue as a going concern due to the risk of insolvency and, in particular, insufficient funds to repay the full senior debt when it falls due.

• ·

  Going-concern uncertainty disclosed

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

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.

1. LANCASHIRE SCHOOLS SPC HOLDINGS PHASE 2A LTD 2011-10-17 → present
2. CATALYST EDUCATION (LANCASHIRE) HOLDINGS PHASE 2A LIMITED 2008-04-28 → 2011-10-17

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, if an Event of Default does occur and the Senior Lender exercises its right to full repayment of the senior debt or if Deductions associated with defects continue at a level similar to or greater than the level between October 2025 and June 2026, there is a material uncertainty which may cast significant doubt upon the Company's ability to continue as a going concern due to the risk of insolvency and, in particular, insufficient funds to repay the full senior debt when it falls due.”

Group structure

1. LANCASHIRE SCHOOLS SPC HOLDINGS PHASE 2A LTD · parent
   1. Lancashire Schools SPC Phase 2A Ltd 100% · England · PFI Contractor

Significant events

• “On 17 December 2021, the Company's subsidiary issued a legal claim relating to building defects against the Building Contractor ahead of the expiry of the limitation period under the Building Contract.”
• “In October 2025, the Council notified its intention to make Deductions from the Monthly Unitary Payment ("MUP") as a consequence of alleged Unavailability of Areas related to some alleged fire defects, including some alleged defects included in the claim against the Building Contractor.”
• “From October 2025 to June 2026, the Council deducted amounts in respect of the Unavailability of Areas caused by such alleged defects from the MUP.”
• “In addition, an Event of Default may occur in respect of the Senior Debt Service Cover Ratio ("SDSCR") in September 2026 due to the Deductions and high costs incurred by the Company's subsidiary relating to the dispute with the Council and Sub-Contractors.”

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.