EMPIRIC STUDENT PROPERTY LIMITED
Get an alert when EMPIRIC STUDENT PROPERTY LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£52m
-31.2% vs 2024
Net assets
£762m
-4.9% lowest in 3 filed years
Employees
286
-21.9% vs 2024
Profit before tax
-£14m
-141.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
6 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Real Estate median
EMPIRIC STUDENT PROPERTY LIMITED·Real Estate median
EMPIRIC STUDENT PROPERTY LIMITED·Real Estate median
EMPIRIC STUDENT PROPERTY LIMITED·Real Estate median
EMPIRIC STUDENT PROPERTY LIMITED·Real Estate median
EMPIRIC STUDENT PROPERTY LIMITED·Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £80,500,000 | £84,200,000 | £83,100,000 | -1.3% | |
| Operating profit | £41,300,000 | £54,400,000 | £3,500,000 | -93.6% | |
| Profit before tax | £53,400,000 | £34,400,000 | -£14,200,000 | -141.3% | |
| Net profit | £53,400,000 | £34,400,000 | -£14,200,000 | -141.3% | |
| Cash | £40,500,000 | £75,400,000 | £51,900,000 | -31.2% | |
| Total assets less current liabilities | — | £1,172,500,000 | £1,148,600,000 | -2% | |
| Net assets | £799,700,000 | £801,300,000 | £762,100,000 | -4.9% | |
| Equity | £799,700,000 | £801,300,000 | £762,100,000 | -4.9% | |
| Average employees | 60 | 366 | 286 | -21.9% | |
| Wages | £12,100,000 | £13,700,000 | £11,700,000 | -14.6% | |
| Directors' remuneration | £1,000,000 | £1,000,000 | £1,000,000 | 0% |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 51.3% | 64.6% | 4.2% | |
| Net margin | 66.3% | 40.9% | -17.1% | |
| Return on capital employed | — | 4.6% | 0.3% | |
| Gearing (liabilities / total assets) | 34.4% | 34.7% | 36.4% | |
| Current ratio | 2.97x | 1.74x | 1.23x | |
| Interest cover | 2.37x | 2.79x | 0.20x |
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.
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2026-02-25
- EMPIRIC STUDENT PROPERTY LIMITED 2026-02-25 → present
- EMPIRIC STUDENT PROPERTY PLC 2014-03-21 → 2026-02-25
- LONDON CORNWALL STUDENT REIT PLC 2014-02-11 → 2014-03-21
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors therefore concluded that it remained appropriate to adopt the going concern basis of preparation when compiling the Annual Report and Accounts for the year ended 31 December 2025.”
Group structure
- EMPIRIC STUDENT PROPERTY LIMITED · parent
- Brunswick Contracting Limited 100%
- Empiric (Alwyn Court) Limited 100%
- Empiric (Baptists Chapel) Limited 100%
- Empiric (Bath Canalside) Limited 100%
- Empiric (Bath James House) Limited 100%
- Empiric (Bath JSW) Limited 100%
- Empiric (Bath Oolite Road) Limited 100%
- Empiric (Bath Piccadilly Place) Limited 100%
- Empiric (Birmingham Apartments) Limited 100%
- Empiric (Birmingham Emporium) Limited 100%
- Empiric (Birmingham) Limited 100%
- Empiric (Bristol CH) Leasing Limited 100%
- Empiric (Bristol CH) Limited 100%
- Empiric (Bristol St Mary's) Leasing Limited 100%
- Empiric (Bristol St Mary's) Limited 100%
- Empiric (Bristol) Limited 100%
- Empiric (Buccleuch Street) Limited 100%
- Empiric (Canterbury Franciscans) Limited 100%
- Empiric (Canterbury Pavilion Court) Limited 100%
- Empiric (Cardiff Wndsr House) Leasing Limited 100%
- Empiric (Cardiff Wndsr House) Limited 100%
- Empiric (Centro Court) Limited 100%
- Empiric (Claremont Newcastle) Limited 100%
- Empiric (College Green) Limited 100%
- Empiric (Edge Apartments) Limited 100%
- Empiric (Edinburgh KSR) Leasing Limited 100%
- Empiric (Edinburgh KSR) Limited 100%
- Empiric (Edinburgh South Bridge) Limited 100%
- Empiric (Exeter Bishop Blackall School) Limited 100%
- Empiric (Exeter Bonhay Road) Limited 100%
- Empiric (Exeter DCL) Limited 100%
- Empiric (Exeter LL) Limited 100%
- Empiric (Falmouth Maritime Studios) Limited 100%
- Empiric (Falmouth Ocean Bowl) Leasing Limited 100%
- Empiric (Falmouth Ocean Bowl) Limited 100%
- Empiric (Glasgow Ballet School) Limited 100%
- Empiric (Glasgow Bath St) Limited 100%
- Empiric (Glasgow George St) Leasing Limited 100%
- Empiric (Glasgow George St) Limited 100%
- Empiric (Glasgow) Leasing Limited 100%
- Empiric (Glasgow) Limited 100%
- Empiric (Hatfield CP) Limited 100%
- Empiric (Huddersfield Oldgate House) Limited 100%
- Empiric (Lancaster Penny Street 1) Limited 100%
- Empiric (Lancaster Penny Street 2) Limited 100%
- Empiric (Lancaster Penny Street 3) Limited 100%
- Empiric (Leeds Algernon) Limited 100%
- Empiric (Leeds Pennine House) Limited 100%
- Empiric (Leeds St Marks) Limited 100%
- Empiric (Leicester 134 New Walk) Limited 100%
- Empiric (Leicester 136-138 New Walk) Limited 100%
- Empiric (Leicester 140-142 New Walk) Limited 100%
- Empiric (Leicester 160 Upper New Walk) Limited 100%
- Empiric (Leicester Bede Park) Limited 100%
- Empiric (Leicester De Montfort Square) Limited 100%
- Empiric (Leicester Hosiery Factory) Limited 100%
- Empiric (Leicester Peacock Lane) Limited 100%
- Empiric (Leicester Shoe & Boot Factory) Limited 100%
- Empiric (Liverpool Art School/Maple House) Limited 100%
- Empiric (Liverpool Grove Street) Limited 100%
- Empiric (Liverpool Hahnemann Building) Limited 100%
- Empiric (Liverpool Octagon/Hayward) Limited 100%
- Empiric (London Camberwell) Limited 100%
- Empiric (London Road) Limited 100%
- Empiric (Manchester Ladybarn) Limited 100%
- Empiric (Manchester TH) Limited 100%
- Empiric (Manchester Victoria Point) Limited 100%
- Empiric (Newcastle Metrovick) Limited 100%
- Empiric (Northgate House) Limited 100%
- Empiric (Nottingham 95 Talbot) Limited 100%
- Empiric (Nottingham Frontage) Limited 100%
- Empiric (Oxford Stonemason) Limited 100%
- Empiric (Picturehouse Apartments) Limited 100%
- Empiric (Portobello House) Limited 100%
- Empiric (Portsmouth Elm Grove Library) Limited 100%
- Empiric (Portsmouth Europa House) Leasing Limited 100%
- Empiric (Portsmouth Europa House) Limited 100%
- Empiric (Portsmouth Kingsway House) Limited 100%
- Empiric (Portsmouth Registry) Limited 100%
- Empiric (Provincial House) Leasing Limited 100%
- Empiric (Provincial House) Limited 100%
- Empiric (Reading Saxon Court) Leasing Limited 100%
- Empiric (Reading Saxon Court) Limited 100%
- Empiric (Snow Island) Limited 100%
- Empiric (Southampton Emily Davies) Limited 100%
- Empiric (Southampton) Leasing Limited 100%
- Empiric (Southampton) Limited 100%
- Empiric (St Andrews Ayton House) Leasing Limited 100%
- Empiric (St Andrews Ayton House) Limited 100%
- Empiric (St Peter Street) Limited 100%
- Empiric (Stoke Caledonia Mill) Limited 100%
- Empiric (Summit House) Limited 100%
- Empiric (Talbot Studios) Limited 100%
- Empiric (Trippet Lane) Limited 100%
- Empiric (York Lawrence Street) Limited 100%
- Empiric (York Percy's Lane) Limited 100%
- Empiric Investment Holdings (Eight) Limited 100%
- Empiric Investment Holdings (Five) Limited 100%
- Empiric Investment Holdings (Four) Limited 100%
- Empiric Investment Holdings (Seven) Limited 100%
- Empiric Investment Holdings (Two) Limited 100%
- Empiric Investments (Eight) Limited 100%
- Empiric Investments (Five) Limited 100%
- Empiric Investments (Four) Limited 100%
- Empiric Investments (One) Limited 100%
- Empiric Investments (Seven) Limited 100%
- Empiric Investments (Six) Limited 100%
- Empiric Investments (Three) Limited 100%
- Empiric Investments (Two) Limited 100%
- Empiric Student Property Trustees Limited 100%
- Hello Student Management Limited 100%
- Empiric (York Foss Studios 1) Limited 100%
Significant events
- “On 28 January 2026, The Unite Group plc completed the acquisition of Empiric Student Property plc. As a result of the transaction, Empiric became a wholly owned subsidiary of The Unite Group plc, became part of the Unite REIT group and was delisted from the London Stock Exchange on 28 January 2026 and subsequently re-registered as a Limited Company.”
- “On 9 February 2026, the Company repaid £5 million of the drawn RCF facility with HSBC.”
- “On 16 February 2026, the Company settled a dispute with a contractor in relation to remedial fire safety works, resulting in a settlement of £3.4 million in the Company's favour.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HIBBERD, Lisa Jefferson | Secretary | 2024-04-02 | — | — |
| BURT, Michael James | Director | 2026-01-28 | Mar 1983 | British |
| LISTER, Joseph Julian | Director | 2026-01-28 | Dec 1971 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HADAWAY, Paul Nicholas | Secretary | 2014-02-11 | 2014-05-28 |
| APEX SECRETARIES LLP | Corporate Secretary | 2022-01-01 | 2024-03-31 |
| FIM CAPITAL LIMITED | Corporate Secretary | 2014-05-28 | 2022-01-01 |
| ALSTON, Charles Stephen Withycombe | Director | 2014-05-28 | 2019-03-31 |
| ATTLEE, Timothy Laurence | Director | 2014-02-11 | 2020-06-30 |
| AVIS, Alice Mary Cleoniki | Director | 2019-03-01 | 2026-01-28 |
| BEEVOR, Stuart Robert Hartley | Director | 2016-01-01 | 2022-05-23 |
| DEAN OF THORNTON LE FYLDE, Brenda, Rt. Hon Baroness Dean Of Tiior | Director | 2014-05-28 | 2018-03-13 |
| ENRIGHT, Michael John | Director | 2014-03-21 | 2017-03-14 |
| FENNAH, Lynne | Director | 2017-06-26 | 2022-10-31 |
| GARROOD, Duncan | Director | 2020-09-28 | 2026-01-28 |
| GRANT, Donald Aaron | Director | 2022-09-12 | 2026-01-28 |
| HADAWAY, Paul Nicholas | Director | 2014-02-11 | 2017-12-12 |
| MACKESY, Alexandra Jane | Director | 2014-05-28 | 2016-02-29 |
| PAIN, Mark Andrew | Director | 2018-09-01 | 2026-01-28 |
| PRESTON-BEER, Clair | Director | 2022-07-01 | 2026-01-28 |
| PROWER, Aubyn James Sugden | Director | 2014-05-28 | 2021-10-01 |
| RATCHFORD, Martin James | Director | 2021-10-01 | 2026-01-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Unite Group Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-28 | Active |
Filing timeline
Last 20 of 155 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-25 RESOLUTIONS Resolution
- 2026-02-25 CERT10 Certificate re registration public limited company to private
- 2026-02-25 RR02 Reregistration public to private company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-07 | AA | accounts | Accounts with accounts type group | |
| 2026-06-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-06-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-05-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-02-25 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-25 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2026-02-25 | MAR | incorporation | Re registration memorandum articles | |
| 2026-02-25 | RR02 | change-of-name | Reregistration public to private company | |
| 2026-02-03 | OC | miscellaneous | Court order | |
| 2026-01-30 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-28 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-28 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-26 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 6
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.