CAPELLA UK BIDCO 3 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 101

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.”

Group structure

1. CAPELLA UK BIDCO 3 LIMITED · parent
   1. IQSA Development Finance 3 Limited 100% · United Kingdom · Holding company
   2. IQSA Development Finance 1 S.a.r.l. 100% · Luxembourg · Holding company
   3. IQSA Newcastle Propco Limited 100% · United Kingdom
   4. Cain Management Limited 100% · United Kingdom
   5. IQSA Hume House S.a.r.l. 100% · Luxembourg
   6. WH Student Accommodation S.a.r.l. 100% · Luxembourg
   7. IQSA Development Finance 2 S.a.r.l. 100% · Luxembourg
   8. IQSA Bainbridge Limited 100% · Jersey
   9. IQSA Manors (North) Limited 100% · Jersey
   10. IQSA Coventry Limited 100% · Jersey
   11. IQSA Minster Limited 100% · Jersey
   12. Central Business and Technology Park Management Company Limited 80% · United Kingdom

Significant events

• “On 1 December 2023, the Company's subsidiary IQSA Development Finance 3 Limited issued 3 shares to the Company for consideration of £60,400k.”
• “During the year the Group successfully refinanced the CMBS debt facility of £540.2m. As part of this refinancing, IFLs have been repaid throughout the Group.”
• “On 26 September 2024, a dividend payment of £20,207,528 per ordinary share (2023: £nil) was made to Capella UK Pledgeco 3 Limited for a total of £121,245,166 to offset remaining related party balances.”
• “This year management performed an indicator test for impairment of the Company's investments assessing quantitative factors and qualitative market and economic conditions of the Investment Property Portfolio held by the direct and indirect subsidiaries. Management concluded that there are impairment indicators noted due to internal restructuring following the Group successfully refinancing £2.9bn of debt facilities. Following an impairment review of the direct and indirect subsidiaries, impairments have been noted within the Company's underlying portfolio.”

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

  —

  Not reported

• Cash

  +100%

  £1,000 → £2,000

• Net assets

  -31.4%

  £172,509,000 → £118,397,000

• Employees

  —

  Not reported

• Operating profit

  +25,673.1%

  -£26,000 → £6,649,000

• Profit before tax

  +26,119.2%

  -£26,000 → £6,765,000

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