LAKE INTERNATIONAL LTD

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -10.5%

  -£219,484,201 → -£242,503,943

• Employees

  0%

  1 → 1

• Operating profit

  +36.2%

  -£133,212 → -£84,954

• Profit before tax

  -14.2%

  -£20,164,533 → -£23,019,742

• Wages

  -37.5%

  £96,000 → £60,000

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Gravita Audit II Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As set out in note 1.2 to the Financial Statements, the directors have a reasonable expectation that the Company has access to adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. LAKE INTERNATIONAL LTD · parent
   1. The University of Law Limited 100% · England and Wales
   2. L-J Finco Limited 100% · England and Wales

Significant events

• “Subsequent to the year end, on 30 September 2025, London College of Contemporary Arts Ltd was acquired from a related party at its fair value of £108 million, with the consideration left outstanding as a short-term loan.”
• “Also subsequent to the year end, on 15 October 2025, Global University Systems Germany B.V. was acquired from a related party at its book value of £27,892,000, with the consideration subsequently settled by the Company issuing one ordinary share with a nominal value of £27,892,000 to its parent.”
• “Also subsequent to the year end, on 13 November 2025, the Global University Systems group entered into a new financing arrangement for which the Company is named as a guarantor.”
• “In the prior year, HMRC opened an enquiry into certain historic tax filings of the Company along with other companies in the Global University Systems group. The enquiry remains ongoing, and the result may be that tax liabilities become due, plus any assessed interest and penalties. The directors consider the outcome of the enquiry to be uncertain.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

1

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.