ULIVING@ESSEX2 HOLDCO LIMITED

• ⚠

  Material uncertainty over going concern

  Accordingly, the Directors believe it is appropriate to adopt the going concern basis in preparing the financial statements, however a material uncertainty exists, as described above that may cast significant doubt on the Company and Group's ability to continue as a 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 102

Reporting scope

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Accordingly, the Directors believe it is appropriate to adopt the going concern basis in preparing the financial statements, however a material uncertainty exists, as described above that may cast significant doubt on the Company and Group's ability to continue as a going concern.”

Group structure

1. ULIVING@ESSEX2 HOLDCO LIMITED · parent
   1. Uliving@Essex2 Limited 100% · England and Wales · design, build, finance and manage student accommodation
   2. Uliving@Essex2 Issuerco PLC 100% · England and Wales · provision of finance through the listing of bonds on Euronext Dublin

Significant events

• “The Directors consider revenue, operating profit, profit before tax and profit after tax and achievement of milestones under the PFI/PPP concessions to be the key performance indicators of the Group, which are highlighted below. Revenue during construction included construction turnover, where as in the operational phase only rental incom”
• “The Group loss for the year before taxation was £1,399k (2023: £2,379k).”

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

Filings

8

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

  +5.8%

  £4,251,000 → £4,498,000

• Cash

  +75.7%

  £1,501,000 → £2,638,000

• Net assets

  -23.3%

  -£6,553,000 → -£8,081,000

• Employees

  —

  Not reported

• Operating profit

  +9.2%

  £1,404,000 → £1,533,000

• Profit before tax

  +41.2%

  -£2,379,000 → -£1,399,000

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