CAPELLA UK BIDCO 2 LIMITED
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Cash
£18M
+1,548.3% highest in 3 filed years
Net assets
£362M
-1.9% vs 2024
Employees
0
Average over period
Profit before tax
-£10M
+89.9% vs 2024
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£96,000 | -£93,809,000 | -£7,320,000 | +92.2% | |
| Profit before tax | -£7,928,000 | -£100,485,000 | -£10,144,000 | +89.9% | |
| Net profit | -£7,737,000 | -£100,773,000 | -£10,034,000 | +90% | |
| Cash | £2,279,000 | £1,119,000 | £18,445,000 | +1,548.3% | |
| Total assets less current liabilities | £892,141,000 | £934,529,000 | £937,350,000 | +0.3% | |
| Net assets | £351,906,000 | £369,217,000 | £362,123,000 | -1.9% | |
| Equity | £351,906,000 | £369,217,000 | £362,123,000 | -1.9% | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £0 | £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 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Return on capital employed | -0.0% | -10.0% | -0.8% | |
| Gearing (liabilities / total assets) | 66.4% | 65.9% | 71.7% | |
| Current ratio | 1.16x | 1.26x | 1.14x | |
| Interest cover | -0.00x | -2.16x | -0.18x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, after making enquiries and having considered forecasts and appropriate sensitivities, the Directors have a reasonable expectation that the Group has sufficient resources to continue in operational existence for the Going Concern Period and accordingly continue to adopt a going concern.basis for the preparation of the financial statements.”
Group structure
- CAPELLA UK BIDCO 2 LIMITED · parent
- Lewes Brighton Limited 100%
- Pure Highbury Limited 100%
- IQSA Stephenson House Limited 100%
- IQSA (Westbourne) Limited 100%
- IQSA General Operating Company Limited 100%
- IQSA Trafalgar Limited 100%
- IQSA TTS Nottingham Limited 100%
- IQSA Nelson Limited 100%
- Twerton Bath Limited 100%
- IQSA St. George's Limited 100%
- IQSA (Huddersfield) Limited 100%
- IQSA (Oxford) Limited 100%
- IQSA Star Limited 100%
- IQSA Clyde Limited 100%
- IQSA Blythswood Limited 100%
- Westbourne Holdings S.à r.l. 100%
- IQSA TB (Jersey) Limited 100%
- IQSA LB (Jersey) Limited 100%
- Athena Asset 7 Limited 100%
- IQSA Chandos Limited 100%
- Athena Asset 6 Limited 100%
- Westbourne Portfolio Limited 100%
- IQSA LPS Nottingham Limited 100%
Significant events
- “As part of a refinancing of borrowings within the Group in April 2026, the Company sold one of its subsidiaries, IQSA Blythswood Limited, to a fellow subsidiary of the Group for consideration of £6.4m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KANAKIS, Rebecca Louise | Director | 2022-07-22 | Feb 1980 | British |
| MERRICK, Matthew Graham | Director | 2026-04-30 | Feb 1978 | British |
| SANGAR, Dushyant Singh | Director | 2025-05-16 | Jan 1982 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Simon David Austin | Director | 2020-02-20 | 2022-07-22 |
| KATAKY, Gemma Nandita | Director | 2020-02-20 | 2023-02-24 |
| MORTIMER, James Neil | Director | 2021-07-30 | 2026-04-30 |
| MORTON, Emma Jane | Director | 2020-02-20 | 2021-07-30 |
| VASHI, Rachana Gautam | Director | 2023-02-24 | 2025-05-16 |
| VRANA, Michael David | Director | 2020-02-20 | 2025-05-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stephen Allen Schwarzman | Individual | Significant influence | 2020-02-20 | Ceased 2021-11-23 |
| Capella Uk Pledgeco 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-02-20 | Active |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-28 | AA | accounts | Accounts with accounts type full | |
| 2026-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-02 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-06-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-02 | AA | accounts | Accounts with accounts type full | |
| 2025-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-10 | AD02 | address | Change sail address company with old address new address | |
| 2024-07-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-11 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | SH01 | capital | Capital allotment shares | |
| 2024-03-28 | SH19 | capital | Capital statement capital company with date currency figure |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.