THE HIGHER EDUCATION SECURITISED INVESTMENTS SERIES NO.1 PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-11-21 (in 6mo)
Last made up 2025-11-07
Watchouts
None on the register
Cash
£647K
-7.2% vs 2024
Net assets
-£251K
+42.6% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£186K
+284.2% vs 2024
Name history
Renamed 1 time since incorporation
- THE HIGHER EDUCATION SECURITISED INVESTMENTS SERIES NO.1 PLC 1998-02-27 → present
- BASKETCROWN PLC 1997-11-07 → 1998-02-27
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | — | — | |
| Profit before tax | — | -£101,000 | £186,000 | |
| Net profit | — | -£101,000 | £186,000 | |
| Cash | — | £697,000 | £647,000 | |
| Total assets less current liabilities | — | — | — | |
| Net assets | -£336,000 | -£437,000 | -£251,000 | |
| Equity | -£336,000 | -£437,000 | -£251,000 | |
| Average employees | — | 0 | 0 | |
| Wages | — | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | — | 102.9% | 104.5% | |
| Current ratio | — | 4.71x | 4.77x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has net liabilities as at 31 March 2025 of £251,000 (2024: £437,000). The Company is funded via asset backed floating rate notes. According to the terms of these notes, where there are insufficient funds to repay the notes at maturity (10 April 2028), the Company shall only be obliged to make payments in respect of principal and interest to the extent that it has received funds from the Company's investment in loan notes issued by FFHE. Therefore, the accumulated losses will be ultimately borne by the loan note holders. In addition, the Company has sufficient cash funds to finance its operating expenses. For the reasons listed on page 4, the Directors continue to adopt the going concern basis in preparing the annual report and financial statements. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period to 30 September 2026, which is in excess of 12 months from when the financial statements are authorised for issue.”
Significant events
- “On 22 November 2024, the registered office address of the company changed from 6th Floor, 125 London Wall, London United Kingdom, EC2Y 5AS to 4th Floor, 140 Aldersgate Street, London, EC1A 4HY, United Kingdom.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| APEX TRUST CORPORATE LIMITED | Corporate Secretary | 2014-01-17 | — | — |
| MARTIN, Sean Peter | Director | 2021-01-15 | Feb 1965 | British |
| APEX CORPORATE SERVICES (UK) LIMITED | Corporate Director | 2006-10-31 | — | — |
| APEX TRUST CORPORATE LIMITED | Corporate Director | 2009-09-28 | — | — |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CAPITA TRUST SECRETARIES LIMITED | Corporate Secretary | 2009-09-28 | 2014-01-17 |
| CLIFFORD CHANCE SECRETARIES (CCA) LIMITED | Corporate Secretary | 2005-08-23 | 2009-09-28 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Secretary | 1997-11-07 | 2005-08-23 |
| BALDRY, Carl Steven | Director | 2016-02-01 | 2021-01-15 |
| CHARLTON, Peter John | Nominee Director | 1997-11-07 | 1998-02-27 |
| CORRIGAN, Paula Celine | Director | 2015-07-30 | 2016-02-01 |
| FINNEY, David Roger | Director | 1998-02-27 | 2000-03-22 |
| GOWER, Adrian Walton | Director | 2005-02-04 | 2006-10-31 |
| HILLS, Peter Michael | Director | 2000-03-22 | 2004-12-12 |
| HILLS, Peter Michael | Director | 1998-02-27 | 2000-03-22 |
| LAWRENCE, Susan Elizabeth | Director | 2010-07-08 | 2015-07-31 |
| NEEDHAM, Bryan Donald | Director | 1998-02-27 | 2004-07-15 |
| RICHARDS, Martin Edgar | Nominee Director | 1997-11-07 | 1998-02-27 |
| CAPITA TRUST COMPANY LIMITED | Corporate Director | 2004-07-15 | 2009-09-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Higher Education Securitised Investments Series (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 132 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2024-11-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-20 | CH02 | officers | Change corporate director company with change date | |
| 2024-11-20 | CH02 | officers | Change corporate director company with change date | |
| 2024-11-20 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-11-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-07 | AA | accounts | Accounts with accounts type full | |
| 2023-05-18 | AA | accounts | Accounts with accounts type full | |
| 2023-03-22 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-03-22 | CH02 | officers | Change corporate director company with change date | |
| 2023-03-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-03-22 | CH02 | officers | Change corporate director company with change date | |
| 2023-03-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-11-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-29 | AA | accounts | Accounts 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.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
—
Not reported
-
Cash
-7.2%
£697,000 £647,000
-
Net assets
+42.6%
-£437,000 -£251,000
highest in 3 filed years
-
Employees
—
Not reported
-
Profit before tax
+284.2%
-£101,000 £186,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers