MANCHESTER SCIENCE PARTNERSHIPS LIMITED

1. MANCHESTER SCIENCE PARTNERSHIPS LIMITED 2014-09-30 → present
2. MANCHESTER SCIENCE PARKS LIMITED 2009-09-18 → 2014-09-30
3. MANCHESTER SCIENCE PARK LIMITED 1983-06-10 → 2009-09-18
4. FLEETNESS 38 LIMITED 1983-04-21 → 1983-06-10

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have received confirmation that Bruntwood Scitech Limited ("Group"), the company's ultimate holding company, will continue to provide the necessary level of support to enable it to continue to operate for at least twelve months from the date of approval of these financial statements.”

Group structure

1. MANCHESTER SCIENCE PARTNERSHIPS LIMITED · parent
   1. Citylabs Limited 100% · England and Wales · Trading
   2. Citylabs 2.0 Limited 96.5% · England and Wales · Trading
   3. Citylabs 3.0 Limited 100% · England and Wales · Trading
   4. Citylabs 4.0 Limited 100% · England and Wales · Trading
   5. Mi-idea Limited 100% · England and Wales · Trading

Significant events

• “In October 2023, the company's parent company, Bruntwood Scitech (Scitech) received additional committed investment from its shareholders Bruntwood and Legal and General, and new investor, Greater Manchester Pension Fund. At the same time, Scitech and its subsidiaries converted to a Real Estate Investment Trust (REIT).”
• “Also in October 2023, Scitech divested of Bruntwood Science Management Services (BSMSL) to Bruntwood Group and Legal and General in a 50:50: joint venture. BSMSL, whilst now outside of the Group, continues to provide management services to the company.”
• “In March 2025, the Group successfully completed on an extension to the expiry of the Medium Term Loan (MTL) facility from January 2027 to March 2028 and an increase to the value of the facility by £100m. The total facility now amounts to £580m.”
• “During the year there was a £0.8m impairment charge in respect of the company's valuation of Citylabs 4.0 Limited due to a decrease in the net assets of that company.”
• “On 30 January 2024, the group entered into a new interest rate swap with a principal value of £300m at a fixed interest rate charge of 3.835%. The swap matures on 31 January 2027.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  +13.5%

  £7,894,000 → £8,961,000

• Cash

  -79.9%

  £1,167,000 → £235,000

• Net assets

  -23.5%

  £51,046,000 → £39,035,000

• Employees

  —

  Not reported

• Operating profit

  +174%

  £691,000 → £1,893,000

• Profit before tax

  +2%

  -£18,806,000 → -£18,426,000

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