CAPELLA UK PLEDGECO 1 LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2027-03-05 (in 10mo)
Last made up 2026-02-19
Watchouts
Cash
—
Latest balance sheet
Net assets
£1B
-0.1% vs 2023
Employees
—
Average over period
Profit before tax
-£1M
-105,000% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£1,000 | -£13,000 | |
| Profit before tax | -£1,000 | -£1,051,000 | |
| Net profit | -£1,000 | -£1,051,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £1,206,477,000 | £1,205,426,000 | |
| Net assets | £1,206,477,000 | £1,205,426,000 | |
| Equity | £1,206,477,000 | £1,205,426,000 | |
| Average employees | — | — | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Return on capital employed | -0.0% | -0.0% | |
| Current ratio | 1.00x | 1.00x |
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.
Audit & accounting basis
- 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. The Directors therefore consider it appropriate to adopt the going concern basis in preparing the financial statements.”
Group structure
- CAPELLA UK PLEDGECO 1 LIMITED · parent
- Capella UK Bidco 1 Limited 100%
- IQSA (Wembley Court) LP
- Elliot Edinburgh Limited
- IQSA (Hermes) Limited
- Pure Bankside Limited
- Pure Hammersmith Limited
- Pure City Opco Limited
- IQSA (Athena) Limited
- IQSA (Glasgow) Limited
- IQSA (GP1) Limited
- LTS Paris Gardens (General Partner) Limited
- IQ (Shareholder GP) Limited
- IQSA (Bloomsbury) Nominee Limited
- IQ Shoreditch (General Partner 2) Limited
- Corsham Street Student 1 Limited
- IQ Shoreditch Letting (General Partner 2) Limited
- IQ Two (General Partner) Limited
- IQ Two Property Limited Partnership
- IQ Two Letting (General Partner 2) Limited
- IQ (General Partner) Limited
- IQ Property Partnership
- IQ Letting (General Partner 2) Limited
- Redness York Limited
- UKSA 60 CR Limited
- IQSA UK City Aldgate Limited
- IQSA Weaver Place Limited
- Arcade Holloway Limited
- Opal Villas Limited
- IQSA (Brighton) Limited
- LTS Paris Gardens (Nominee) Limited
- IQSA (GP2) Limited
- LTS Paris Gardens Limited Partnership
- IQSA (Bloomsbury) LP
- IQ Shoreditch (General Partner) Limited
- IQ Shoreditch Property Limited Partnership
- IQ Shoreditch Letting (General Partner) Limited
- IQ Shoreditch Letting Property Limited Partnership
- IQ Two (General Partner 2) Limited
- IQ Two Letting (General Partner) Limited
- IQ Two Letting Property Limited Partnership
- IQ (General Partner 2) Limited
- IQ Letting (General Partner) Limited
- IQ Letting Property Partnership
- Hermes Asset Weston S.a.r.l.
- IQSA Ewer Hammersmith S.a.r.l.
- IQSA Redness York S.a.r.l.
- Athena Asset 4 S.a.r.l.
- IQSA Century Square S.a.r.l.
- iQ Properties S.a.r.l.
- GSGA II Real Estate S.a.r.l.
- Titanium Bloomsbury S.a.r.l.
- IQSA Redeness 2 S.a.r.l.
- IQSA Elliot Edinburgh S.a.r.l.
- IQSA Arcade LL S.a.r.l.
- Athena Asset 5 S.a.r.l.
- Hermes Asset Group S.a.r.l.
- Lugus Holdings S.a.r.l.
- Titanium Minority Unitholder S.a.r.l.
- IQSA Paris Gardens S.a.r.l.
- IQSA Arcade Holloway Road S.a.r.l.
- IQ Unit Trust
- IQ Shoreditch Unit Trust
Significant events
- “The Group entered into a debt facility in 2024. The Company, along with other entities in the Group, acts as a guarantor and obligor of one of the Group's drawn facilities and could be liable to settle some or all of this facility in the event of default.”
- “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).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KANAKIS, Rebecca Louise | Director | 2022-07-22 | Feb 1980 | British |
| MERRICK, Matthew Graham | Director | 2026-04-30 | Feb 1978 | British |
| SANGAR, Dushyant Singh | Director | 2025-05-16 | Jan 1982 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Simon David Austin | Director | 2020-02-20 | 2022-07-22 |
| KATAKY, Gemma Nandita | Director | 2020-02-20 | 2023-02-24 |
| MORTIMER, James Neil | Director | 2021-07-30 | 2026-04-30 |
| MORTON, Emma Jane | Director | 2020-02-20 | 2021-07-30 |
| VASHI, Rachana Gautam | Director | 2023-02-24 | 2025-05-16 |
| VRANA, Michael David | Director | 2020-02-20 | 2025-05-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stephen Allen Schwarzman | Individual | Significant influence | 2020-02-20 | Ceased 2021-11-23 |
| Capella Uk Mezzco 1 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-02-20 | Active |
Filing timeline
Last 20 of 54 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-02 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-06-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-02 | AA | accounts | Accounts with accounts type full | |
| 2025-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-10 | AD02 | address | Change sail address company with old address new address | |
| 2024-09-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-09 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
-0.1%
£1,206,477,000 £1,205,426,000
-
Employees
—
Not reported
-
Operating profit
-1,200%
-£1,000 -£13,000
-
Profit before tax
-105,000%
-£1,000 -£1,051,000
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