INCOME CONTINGENT STUDENT LOANS 1 (2002-2006) PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-21 (in 8mo)
Last made up 2026-01-07
Watchouts
None on the register
Cash
£134K
+51.7% vs 2024
Net assets
-£46M
-32% vs 2024
Employees
—
Average over period
Profit before tax
-£11M
-224.9% 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 | -£3,436,866 | -£11,165,047 | |
| Net profit | -£3,437,116 | -£11,165,297 | |
| Cash | £88,330 | £134,035 | |
| Total assets less current liabilities | £657,733,250 | £675,704,714 | |
| Net assets | -£34,916,304 | -£46,081,601 | |
| Equity | -£34,916,304 | -£46,081,601 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
—
Not reported
-
Cash
+51.7%
£88,330 £134,035
-
Net assets
-32%
-£34,916,304 -£46,081,601
-
Employees
—
Not reported
-
Profit before tax
-224.9%
-£3,436,866 -£11,165,047
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) | 104.5% | 106.2% | |
| Current ratio | 1.28x | 2.50x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have formed a judgement, at the time of approving the financial statements, that the Company will have adequate resources to continue in operational existence for at least twelve months from the date of approval of these financial statements. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “From 1 September 2025, the interest rate to be charged on pre-2012 income contingent student loans is 3.20%, which is equivalent to the RPI in March 2025. This rate may be adjusted during the year, if and when the bank base rate plus 1% falls below the prevailing rate.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (LONDON) LIMITED | Corporate Secretary | 2017-02-01 | — | — |
| ABRAHAMS, Susan Iris | Director | 2017-02-01 | Jul 1957 | British |
| CSC DIRECTORS (NO.3) LIMITED | Corporate Director | 2017-02-01 | — | — |
| CSC DIRECTORS (NO.4) LIMITED | Corporate Director | 2017-02-01 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Income Contingent Student Loans 1 (2002-2006) Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-02-01 | Active |
Filing timeline
Last 20 of 41 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-04-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-25 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-25 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-25 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-04-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-12 | CH02 | officers | Change corporate director company with change date | |
| 2024-12-12 | CH02 | officers | Change corporate director company with change date | |
| 2024-12-12 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-01-08 | AA | accounts | Accounts with accounts type full | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-24 | AUD | auditors | Auditors resignation company | |
| 2023-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-24 | AA | accounts | Accounts with accounts type full | |
| 2022-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-21 | AA | accounts | Accounts with accounts type full | |
| 2021-04-22 | AAMD | accounts | Accounts amended with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- 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.