QUADREAL UK SERVICES LIMITED

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

Oury Clark Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at 31 December 2024, the Company had net current assets of £3,189,029 (2023: £2,406,617). The Company's financial statements have been prepared on the going concern basis, which assumes that the Company will be able to meet its financial obligations for the period of 12 months and 1 day from the date of approval of the financial statements. The UK is currently facing challenging economic conditions, with significant increase in inflation and interest rates, fragmented regulatory and macroeconomic environment, and increasing commodity prices that have been worsened by the impacts of the Russian-Ukraine war. However, QuadReal Property Group Limited Partnership ("QuadReal Property Group LP") has confirmed that it will provide continued financial support to the Company in accordance with the Management Service Agreement, whereby the Company earns fee revenue equal to cost to render the services plus 10%, with specified adjustments. As such, this agreement ensures the Company will continue as a going concern. In addition, the Company does not have any exposure to interest rates given its only borrowings are with QuadReal Property Group LP; the Company does not have any external debt.”

Significant events

• “Subsequent to the reporting date, Company management arrived at the decision to exercise a break clause in the lease agreement relating to the office premises, which is accounted for under the requirements of IFRS16 Leases. The break clause allows for early termination of the lease in 2026 where at least 6 months' notice is provided, subject to other related terms and conditions of the lease agreement pertinent to the exercise also being met.”

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

1

last 12 months

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

• Turnover

  +18.7%

  £8,317,360 → £9,875,929

• Cash

  +25.4%

  £3,938,130 → £4,939,350

• Net assets

  +43.3%

  £2,228,879 → £3,193,298

• Employees

  -12.5%

  16 → 14

• Operating profit

  +280.4%

  £324,754 → £1,235,318

• Profit before tax

  +324.2%

  £301,402 → £1,278,562

• Wages

  +8.5%

  £5,737,081 → £6,223,580

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