UK-CENTRAL (SOLIHULL) LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

• ⚠

  Material uncertainty over going concern

  Owing to the decision by SMBC to subsume the outstanding work of the UGC, the directors no longer have a reasonable expectation that the company will continue to operate for the 12 months following approval of the financial statements. The Solicitor to the Council has been authorised to take all necessary steps to wind up the UGC. As such, the financial statements have therefore been prepared on a basis other than going concern.

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 101

Reporting scope

Standalone (parent only)

Auditor

Luckmans Duckett Parker Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Owing to the decision by SMBC to subsume the outstanding work of the UGC, the directors no longer have a reasonable expectation that the company will continue to operate for the 12 months following approval of the financial statements. The Solicitor to the Council has been authorised to take all necessary steps to wind up the UGC. As such, the financial statements have therefore been prepared on a basis other than going concern.”

Significant events

• “in July 2023 a decision was made by SMBC Cabinet Members that a separate delivery vehicle was no longer needed to deliver the UKC Hub Programme and approval was given for the Solicitor to the Council to take all necessary steps at the appropriate time to wind up the UGC company. From January 2024 the remaining work of the UGC has been subsumed into SMBC to be delivered in-house with the UGC now having been substantially wound down.”
• “Notice was given to Birmingham Airport Ltd on the 31 July 2023 of the wish to exercise the termination option included within the lease. The lease ended on the 31 January 2024 therefore the right-of-use asset and lease liability have now been removed from the balance sheet.”

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

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -78.7%

  £7,751,940 → £1,647,971

• Cash

  -76.6%

  £2,504,667 → £585,561

• Net assets

  0%

  £1 → £1

• Employees

  -40%

  10 → 6

• Wages

  -9.5%

  £779,388 → £705,371

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