INFRASTRUCTURE INVESTMENTS (HSL ZUID) LIMITED

1. INFRASTRUCTURE INVESTMENTS (HSL ZUID) LIMITED 2003-07-06 → present
2. 2212TH SINGLE MEMBER SHELF INVESTMENT COMPANY LIMITED 2003-05-18 → 2003-07-06

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have assessed going concern by considering areas of financial risk, including the continuing impact upon the economy of geopolitical tensions, and by reviewing cash flow forecasts covering a period of at least 12 months from the date of approving these financial statements. They also considered the Company's financial resources, including investments in a project asset. The project operates long-term contracts with various public sector customers. The financing for this project is non-recourse to the Company. At year end, there is a creditor balance in regards to Group Relief payable. Infrastructure Investments Group Limited ("IIGL") has indicated that if this balance is sought to be repaid, which at 31 March 2025 amounted to €898,604, IIGL would provide financial support during the going concern assessment period as necessary. As with any company placing reliance on other group entities for financial support, the Directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Based on this analysis, the Directors have concluded that the Company has adequate resources to continue in operational existence for the foreseeable future, a period of at least 12 months from the date of approving these financial statements. Thus, they consider it appropriate to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. INFRASTRUCTURE INVESTMENTS (HSL ZUID) LIMITED · parent
   1. Infraspeed (Holdings) BV 0.43% · Netherlands
   2. Infraspeed BV 0.43% · Netherlands
   3. BNC Pi2 Holding BV 1% · Netherlands
   4. Pi2 Holding BV 1% · Netherlands
   5. Pi2 BV 1% · Netherlands
   6. GGB Inbalans Investco BV 1% · Netherlands
   7. GGB Inbalans BV 0.85% · Netherlands
   8. BNC IXAS SPC Holding BV 1% · Netherlands
   9. IXAS Zuid-Oost BV 0.25% · Netherlands
   10. Adagia BV 1% · Netherlands
   11. BAAK Blankenburg BV 0.7% · Netherlands

Significant events

• “As at 31 March 2025, the Company had commitments for future project investments of €64.7m into Blankenburg Tunnel.”

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

1

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

  -99.6%

  £7,015,187 → £27,767

• Net assets

  -14.8%

  £64,011,865 → £54,569,066

• Employees

  —

  Not reported

• Operating profit

  -18.1%

  £11,839,274 → £9,697,797

• Profit before tax

  -39.1%

  £6,254,029 → £3,808,363

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