AVIVA INVESTORS GR SPV 13 LIMITED

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  Audit opinion: Disclaimer of opinion

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

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  Negative shareholders' funds

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

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 13 LIMITED 2014-05-21 → present
2. PGL (104) LIMITED 2010-12-07 → 2014-05-21

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Ernst & Young LLP

Audit opinion

Disclaimer of opinion

Going concern

Affirmed

“At the balance sheet date the Company had net current liabilities of £4,624,485 (2024: £4,726,222), driven by intercompany borrowings with parent (£4,351,053). Directors received confirmation via separate letters of support from Aviva Investors REALM Ground Rent Limited Partnership to meet obligations and from Aviva Investors Ground Rent Holdco Limited not to seek repayment if it would make the company insolvent. Directors have a reasonable expectation to continue in operational existence for 12 months from approval date and adopted going concern.”

Significant events

• “During 2025, progress on both the Labour Government's Leasehold Reform and Building Safety policies appeared to have stalled, culminating in two much anticipated Bills being postponed until 2026.”
• “MVU remained in place across these assets throughout 2025 and will continue until remediation liabilities under building safety legislation can be reliably quantified. Consequently, redemptions in the Unit Trust were suspended in Q2 2022 to protect the interests of the Company and all investors. This suspension remained in force throughout 2025.”
• “On 27 January 2026, the Government announced a significant package of reforms to the residential leasehold system, including a draft Commonhold and Leasehold Reform Bill (CLRB) accompanied by a policy statement titled 'addressing unregulated and unaffordable ground rent'. The key announcement was however the decision to cap existing ground rents at £250 per annum (falling to a peppercorn after 40 years).”
• “The Directors are in discussions with Aviva Investors Ground Rent HoldCo Limited regarding the proposed conversion of an outstanding loan balance of £4,351,053 into equity by way of a debt-for-equity swap.”

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.