CUBCALL LIMITED

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The Group successfully completed the refinancing of the Deutsche Bank facility with a new lender, Emirates NBD in January 2025 with a drawdown of £147.0m. Mica Investments Limited has provided a letter of support to confirm that it will not recall amounts due to the detriment of the group and its ability to continue as a going concern.”

Group structure

1. CUBCALL LIMITED · parent
   1. Arlington House Residents Management Limited 0.9% · England and Wales · pay property management expenses and collect tenants' service charge contributions
   2. Lupus Property Company Limited · England and Wales · property investment and management

Significant events

• “During 2024 the company achieved a turnover of 15,302,081 (2023: £14,549,214) with a healthy operating profit of 9,379,181 (2023: £8,228,922).”
• “The business has experienced a substantial increase in the interest payments during the year. This increase can be attributed to higher interest rates in the market, as well as increased interest applied by the lender following the default of the facility, and short term extensions subsequent to the original facility expiry date.”
• “In January 2025 the group successfully completed the refinancing of the Deutsche Bank facility with a new lender, Emirates NBD.”
• “Emirates NBD provided a loan facility of £147.0m, repayable in January 2028. The loan interest is payable on a quarterly basis at a rate of SONIA + 1.65 per cent per annum. In addition, further financing of £56.8m has been provided by a parent undertaking, through a mezzanine facility.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +5.2%

  £14,549,214 → £15,302,081

• Cash

  +35.7%

  £2,502,440 → £3,396,913

• Net assets

  +4.4%

  £55,590,351 → £58,010,433

• Employees

  0%

  11 → 11

• Operating profit

  +14%

  £8,228,922 → £9,379,181

• Profit before tax

  -21.7%

  £5,412,627 → £4,236,433

• Wages

  -2.9%

  £353,908 → £343,683

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