S4B (ISSUER) PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-07 (in 5mo)
Last made up 2025-09-23
Watchouts
Cash
—
Latest balance sheet
Net assets
£52K
0% vs 2024
Employees
0
Average over period
Profit before tax
£0
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
These events and conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | £0 | £0 | |
| Net profit | £0 | £0 | |
| Cash | — | — | |
| Total assets less current liabilities | — | — | |
| Net assets | £52,000 | £52,000 | |
| Equity | £52,000 | £52,000 | |
| 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
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“These events and conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”
Significant events
- “In the previous financial year, two events of default arose due to ratios below the required levels in financial model submissions and the dissolution of S4B (Issuer) Plc, a group company. The waivers were granted for these instances of default in December 2024.”
- “On 2 May 2025, Moody's Ratings withdrew its Baa1 underlying rating on the Bonds issued by the Company. The withdrawal was due to the lack of audited accounts from Manchester City Council, a counterparty to S4B Limited under the Project Agreement. This arose following changes to the Accounts and Audit Regulations in July 2024.”
- “As a result of the withdrawal of the underlying rating, several breaches of the Senior Finance Documents occurred which creates a risk to the bond being recalled by the lender. As at date of signing, the bond has not been recalled. However, the event of default exists as no waiver has been received. A draft waiver has been agreed in principle by all parties, including the lender, and is expected to be signed after the approval date of the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EQUITIX MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2025-11-01 | — | — |
| DUCK, Andrew Neil | Director | 2025-11-05 | Nov 1975 | British |
| GILL, Paul Ellis | Director | 2019-11-18 | Mar 1975 | British |
| HARDY, Gemma Louise | Director | 2026-02-19 | Nov 1983 | British |
| JAMES, Danielle Margaret | Director | 2023-11-28 | Nov 1983 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHERECHES, Alina | Secretary | 2024-12-06 | 2025-11-01 |
| CLARKE, Emma Margaret | Secretary | 2018-10-31 | 2024-12-06 |
| SMITH, Jonathan | Secretary | 2013-05-14 | 2014-01-06 |
| SPRINGETT, Gordon Neil | Secretary | 2014-01-02 | 2018-10-30 |
| BLYTHE, Brendan Mark William | Director | 2015-04-01 | 2016-10-11 |
| BROWN, Andrew Michael James | Director | 2017-04-01 | 2017-07-14 |
| COOPER, Alastair James | Director | 2017-01-16 | 2020-08-21 |
| CURLE, Mark John | Director | 2017-07-21 | 2019-05-10 |
| FYFE, Joanne Stonehouse | Director | 2021-01-12 | 2025-11-05 |
| GERRARD, Mike | Director | 2020-08-21 | 2023-10-31 |
| LAGAR, Gary | Director | 2013-12-16 | 2014-05-29 |
| LEECH, Benjamin Huw | Director | 2013-05-14 | 2019-04-23 |
| LOVE, Brian | Director | 2013-12-16 | 2015-03-31 |
| MACKINLAY, Gavin William | Director | 2014-02-28 | 2019-03-22 |
| NICHOLSON, Helen Rachel | Director | 2014-05-29 | 2016-12-21 |
| O'BRIEN, Kirsty | Director | 2019-04-23 | 2019-11-18 |
| RAPLEY, Bronwen Mary | Director | 2025-05-15 | 2026-01-30 |
| RAPLEY, Bronwen Mary | Director | 2017-07-14 | 2022-01-25 |
| ROSE, David | Director | 2013-05-14 | 2014-02-28 |
| SAYE, Matthew Barry | Director | 2022-01-25 | 2025-04-15 |
| SIMMONS, Lee Richard | Director | 2013-12-16 | 2020-01-17 |
| WARRINGTON, James Edward | Director | 2019-04-13 | 2026-02-19 |
| WINTERBOURNE, Judith Margaret | Director | 2013-12-16 | 2017-03-31 |
| WOULD, Philip Arthur | Director | 2019-03-22 | 2021-01-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| S4b (Holdings) Limited | Corporate entity | Shares 75–100% | 2016-09-01 | Active |
Filing timeline
Last 20 of 101 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-04 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-05 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-11-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-11-11 | CH01 | officers | Change person director company with change date | |
| 2024-10-15 | AA | accounts | Accounts with accounts type full | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-29 | AA | accounts | Accounts with accounts type full | |
| 2023-11-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-05 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 4
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
—
Not reported
-
Net assets
0%
£52,000 £52,000
-
Employees
—
Not reported
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