IQSA WEAVER PLACE LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have, at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Further information is included in note 2 to the financial statements. The Directors therefore consider it appropriate to adopt the going concern basis in preparing the financial statements. The assessment period for the purposes of considering the going concern basis is to 30 June 2026, being at least 12 months from the date on which these financial statements have been signed. The Company has received a letter of support from the parent company of the Group of which the Company is a part, IQSA Holdco Limited (the Group) covering the Going Concern Period to 30 June 2026.”

Significant events

• “Pursuant to a share pledge agreement dated 3 September 2024, the Company has pledged all its rights, titles, interests and benefits, present and future, in, to and under its present and future shares in favour of CBRE Loan Services Limited as Security Agent at the occurrence of an Event of Default (as defined in the Share Pledge agreement).”
• “On 18 October 2019, the Company entered into 25 year lease agreements with IQSA Telegraph S.a.r.l.. On 22 July 2024, IQSA Telegraph S.a.r.l. was dissolved and the agreements were transferred to IQSA Arcade LL S.a.r.l. The Group restructured as part of the CMBS refinancing on 15 February 2024. As part of the refinancing, IQSA Arcade LL S.a.r.l. redomiciled and migrated from Luxembourg to Jersey and changed name to be IQSA Arcade LL Limited. Under these lease agreements, the Company has commitments to pay 97.00% of the income less operating costs that will arise from lettings of the investment property.”

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

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -14.7%

  £5,291,000 → £4,514,000

• Cash

  +52.4%

  £905,000 → £1,379,000

• Net assets

  +70.9%

  -£79,000 → -£23,000

• Employees

  —

  Not reported

• Operating profit

  -32.9%

  £73,000 → £49,000

• Profit before tax

  -31%

  £84,000 → £58,000

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