GCP ASSET BACKED INCOME (UK) LIMITED

1. GCP ASSET BACKED INCOME (UK) LIMITED 2016-10-21 → present
2. PROJECT FINANCE INVESTMENTS (UK) LIMITED 2015-10-23 → 2016-10-21

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers CI LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have made an assessment of the Company's ability to continue as a going concern. After making enquiries of the Investment Manager on the maturity profile of the investment portfolio and the forecast cash flows, and having reassessed the principal risks in light of the recent changes to the Company's investment objective and strategy, the Directors are satisfied that the Company has adequate resources to continue in operational existence for a period of at least twelve months from the date on which the annual report and financial statements are approved. The Orderly Realisation will not result in a liquidation of the Parent Company in the immediate future and the Parent Company's board will seek to implement the Orderly Realisation in a manner that maximises value for the Parent Company's shareholders. The Directors have concluded that the financial statements of the Company should continue to be prepared on a going concern basis and the financial statements have been prepared accordingly.”

Group structure

1. GCP ASSET BACKED INCOME (UK) LIMITED · parent
   1. GABI GS Limited 100% · England and Wales · hold shares as security for loans issued to underlying borrowers
   2. GABI Housing Limited 100% · England and Wales · investing in five underlying properties, and the income stream derived from these properties through letting them to specialist housing associations
   3. GABI Housing 2 Limited 100% · England and Wales · invest in a single, unlevered, operational rental property and to benefit from the income stream derived from this asset

Significant events

• “A managed wind-down of the Parent Company with an orderly realisation of its assets (the "Orderly Realisation") will not result in the liquidation of the Parent Company in the immediate future and the Parent Company's Board will seek to implement the Orderly Realisation in a manner that maximises value for the Parent Company's shareholders.”
• “The Investment Manager published the Realisation Plan in July 2024, which was approved by the Parent Company Board.”
• “Following the conclusion of a formal competitive audit tender process performed by the Parent Company, the Board of the Parent Company has approved the appointment of Grant Thornton Limited ("Grant Thornton") as the Parent Company's new Auditor.”

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

  —

  Not reported

• Cash

  -1.3%

  £2,545,000 → £2,512,000

• Net assets

  -23.7%

  £4,047,000 → £3,086,000

• Employees

  —

  Not reported

• Operating profit

  -1,075.9%

  £87,000 → -£849,000

• Profit before tax

  -1,075.9%

  £87,000 → -£849,000

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