ULIVING@ESSEX LIMITED

1. ULIVING@ESSEX LIMITED 2012-05-01 → present
2. UL PROJECTCO LIMITED 2012-04-19 → 2012-05-01

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

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Even though the Company has a net liabilities position currently, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future. Accordingly the Directors continue to adopt the going concern basis on preparing the 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 of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “The principal activity of the Company is to design, build, finance and manage student accommodation for the period of 51 years from August 2012 to August 2063 pursuant to a project agreement dated 7 August 2012. The construction of the new accommodation achieved practical completion on 18 September 2013.”
• “Nominations for the 2023/24 academic year were set at 82%. For the 2024/25 academic year nominations were set at 71%. Due to the retention mechanism in place, all revenues received from nominations above 83% flow back to the University so the risk sits with the SPV once nominations fall below this threshold.”
• “There have been no significant events affecting the Company since the year end.”

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

Filings

4

last 12 months

Capital events

0

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

  -0.8%

  £7,571,000 → £7,509,000

• Cash

  +33%

  £4,627,000 → £6,153,000

• Net assets

  -4.7%

  -£27,342,000 → -£28,632,000

• Employees

  —

  Not reported

• Operating profit

  +17.4%

  £1,985,000 → £2,331,000

• Profit before tax

  +82%

  -£7,172,000 → -£1,290,000

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