EQUITIX ASH HOLDCO 4 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

FRS 102

Reporting scope

Consolidated group

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared cash flow forecasts for the core PFI operations covering the remaining life of the concession arrangement through to 2037, which indicate that, taking account severe but plausible downsides, the Group will have sufficient funds to meet its liabilities as they fall due for that period. Those forecasts are dependent on the underlying customer continuing to meet its obligations under the Project Agreement. With regards to the parent undertaking borrowings and the interest accrued thereon, there are no principal or interest repayments due for repayment until 31 March 2040 at the earliest as per the loan note agreements. Whilst the Group has not produced updated forecasts to demonstrate the ability of the Group to make these repayments, there is no further impact on the period 12 months from the date of sign off, i.e. the year to July 2026. Furthermore, the Directors have received assurances that the Groups' financing arrangements will not be recalled in the event that this will create liquidity and/or solvency issues for the Group. The Directors believe the Group has sufficient funding in place and expect the Group to be in compliance with its debt covenants even in severe but plausible downside scenarios. Consequently, the Directors are confident that the Group and Company will have sufficient funds to continue to meet their liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. EQUITIX ASH HOLDCO 4 LIMITED · parent
   1. Ash Holdco 2 Limited 100% · England · Holding company
   2. Ash Holdco 1 Limited 100% · England · Holding company
   3. Alpha Schools (Highland) Holdings Limited 100% · England · Holding company
   4. Alpha Schools (Highland) Project Plc 100% · England · Holding company
   5. Alpha Schools (Highland) Limited 100% · England · Design, build and finance eleven primary and secondary schools and provide certain facilities management services
   6. Ash Holdco 3 Limited 100% · England · Holding company

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

Filings

5

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

  +0.4%

  £13,223,923 → £13,282,655

• Cash

  +6.8%

  £15,555,599 → £16,614,427

• Net assets

  -18.2%

  -£12,968,290 → -£15,324,485

• Employees

  —

  Not reported

• Operating profit

  -11.1%

  -£402,625 → -£447,141

• Profit before tax

  -6.3%

  -£1,961,643 → -£2,084,665

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