MEC UK LIMITED

1. MEC UK LIMITED 1986-03-21 → present
2. LEGIBUS 652 LIMITED 1985-10-08 → 1986-03-21

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The Directors have considered cash flow requirement for the period to 30 September 2026 (the "going concern period"). The Company had net asset of £1,550,164 (2023 - £1,362,054) as at 31 December 2024, and net current assets of £228,768 (2023 - £445,934) and no external borrowing, though the Company had operating losses of £31,890 in 2024 (2023- loss of £96,943). The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support from the immediate parent company, Mitsubishi Estate Europe Limited ('MEE'). The directors have obtained a support letter from MEE Limited, the immediate parent company of the Company, which has confirmed its intention to provide ongoing financial support for the going concern period throughout to 30 September 2026. The directors have carried out an assessment, including consideration of appropriate forecast, which indicate that MEE as part of Mitsubishi Estate Company Limited (the Group), will have adequate resources to continue to trade for the going concern period based on the ongoing liquidity of the Group. At the Group level, considerations included potential risks and uncertainties in the business, credit, market, property valuation and liquidity risks, including the availability and repayment profile of debt facilities, as well as forecast covenant compliance. In addition, the Directors considered the potential future risks of economic uncertainty related to macro-economic events, including the geopolitical instability, further costs increase due to inflation, pressures from increasing interest rates and outward yield movement. Further stress testing involving downside scenarios has been carried out to ensure that the Group has sufficient cash resources to continue in operation for the going concern period. The Directors has also evaluated potential events and conditions beyond the going concern period that may cast significant doubt on the going concern assessment, specifically, the ability of the Group to secure refinancing or extend existing facilities. Based on this, together with available market information and the Directors' knowledge and experience of the Group, the Directors continue to adopt the going concern basis in preparing the financial statements for the year ended 31 December 2024.”

Group structure

1. MEC UK LIMITED · parent
   1. MEC London Property 2 (General Partner) Limited 100% · England and Wales · Property development
   2. MEC London Property 3 (General Partner) Limited 100% · England and Wales · Property development

Significant events

• “In May 2025, the Company made additional capital contribution of £150,000 in MEC London Property 3 Unit Trust.”

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

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  +70.4%

  £157,819 → £268,859

• Net assets

  +13.8%

  £1,362,054 → £1,550,164

• Employees

  —

  Not reported

• Operating profit

  +67.1%

  -£96,943 → -£31,890

• Profit before tax

  +67.1%

  -£96,943 → -£31,890

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