USS NERO LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-11-25 (in 6mo)
Last made up 2025-11-11
Watchouts
None on the register
Cash
£123K
EUR 141,000
+422.2% vs 2024
Net assets
£344M
EUR 395,090,000
+605.3% vs 2024
Employees
0
Average over period
Profit before tax
-£15M
EUR -17,349,000
-167.5% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | £22,361,075 | -£15,087,399 | |
| Net profit | £22,361,075 | -£15,087,399 | |
| Cash | £23,480 | £122,619 | |
| Total assets less current liabilities | £48,714,671 | £343,586,399 | |
| Net assets | £48,714,671 | £343,586,399 | |
| Equity | £48,714,671 | £343,586,399 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | £61,744 | — |
Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
—
Not reported
-
Cash
+422.2%
£23,480 £122,619
-
Net assets
+605.3%
£48,714,671 £343,586,399
-
Employees
—
Not reported
-
Profit before tax
-167.5%
£22,361,075 -£15,087,399
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 89.1% | 7.5% | |
| Current ratio | 0.00x | 0.00x |
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)
- Auditor
- Ernst and Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Considering all the information available, the Directors conclude that the Company is able to continue as a going concern for a period of 12 months from the date of approval of these financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing the financial statements.”
Significant events
- “In June 2025, the maturity date of the external loan was extended to 22 June 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| USS SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2019-01-07 | — | — |
| HOLLAND, Damian Martin | Director | 2019-06-27 | Oct 1977 | British |
| SANCHEZ SANCHEZ, Carlos | Director | 2024-12-31 | Apr 1985 | Spanish |
| SHARMA, Puneet | Director | 2025-07-18 | Sep 1983 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OTIKA, Fiona Jackelin Achola | Secretary | 2017-07-31 | 2019-01-07 |
| SHERLOCK, Ian Montague | Secretary | 2014-02-12 | 2016-03-31 |
| TIMLIN, Victoria Jane | Secretary | 2016-03-31 | 2017-07-31 |
| MERCHANT, Gavin Bruce | Director | 2013-10-31 | 2024-12-31 |
| PHAKEY, Amy Laura | Director | 2017-03-31 | 2019-06-27 |
| POWELL, Mike | Director | 2013-10-31 | 2016-02-15 |
| SHERLOCK, Ian Montague | Director | 2014-09-08 | 2017-03-31 |
| WEBSTER, David Stephen | Director | 2013-12-04 | 2014-08-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| L3 Investment Holdings Lp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 75 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-13 | AA | accounts | Accounts with accounts type full | |
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-28 | ANNOTATION | miscellaneous | Legacy | |
| 2025-01-14 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-01-14 | SH20 | capital | Legacy | |
| 2025-01-14 | CAP-SS | insolvency | Legacy | |
| 2025-01-14 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-03 | AA | accounts | Accounts with accounts type full | |
| 2024-11-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-22 | ANNOTATION | miscellaneous | Legacy | |
| 2024-10-01 | SH01 | capital | Capital allotment shares | |
| 2024-01-13 | AA | accounts | Accounts with accounts type full | |
| 2023-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-04 | AA | accounts | Accounts with accounts type full | |
| 2022-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-20 | AA | accounts | Accounts with accounts type full | |
| 2021-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 3
- Officers appointed
- 1
- 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.