CAPELLA UK PLEDGECO 2 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
£487M
+35.7% vs 2023
Employees
—
Average over period
Profit before tax
-£13K
-30% 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 | -£10,000 | -£13,000 | |
| Profit before tax | -£10,000 | -£13,000 | |
| Net profit | -£15,000 | -£13,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £358,730,000 | £486,717,000 | |
| Net assets | £358,730,000 | £486,717,000 | |
| Equity | £358,730,000 | £486,717,000 | |
| 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% | |
| Gearing (liabilities / total assets) | 18.5% | 20.6% | |
| 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. 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.”
Group structure
- CAPELLA UK PLEDGECO 2 LIMITED · parent
- Capella UK Bidco 2 Limited 100%
- IQSA Nelson Limited 100%
- Lewes Brighton Limited 100%
- Pure Highbury Limited 100%
- IQSA Stephenson House Limited 100%
- IQSA (Westbourne) Limited 100%
- IQSA General Operating Company Limited 100%
- IQSA Trafalgar Limited 100%
- IQSA TTS Nottingham Limited 100%
- IQSA Blythswood Limited 100%
- Twerton Bath Limited 100%
- IQSA St. George's Limited 100%
- IQSA (Huddersfield) Limited 100%
- IQSA (Oxford) Limited 100%
- IQSA Star Limited 100%
- IQSA Clyde Limited 100%
- Westbourne Holdings S.a.r.l. 100%
- IQSA St George's S.a.r.l 100%
- IQSA Stephenson House S.a.r.l 100%
- IQSA Manors S.a.r.l 100%
- IQSA TB (Jersey) Limited 100%
- IQSA LB (Jersey) Limited 100%
- Athena Asset 7 Limited 100%
- IQSA Chandos Limited 100%
- Athena Asset 6 Limited 100%
- Westbourne Portfolio Limited 100%
- IQSA LPS Nottingham Limited 100%
Significant events
- “Pursuant to a share pledge agreement dated 15 February 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 Situs Asset Management Limited as Security Agent at the occurrence of an Event of Default.”
- “On 15 February 2024, the Company's subsidiary Capella UK Bidco 2 Limited issued 1 ordinary share to the Company for consideration of £128,000k.”
- “On 27 March 2024, the Company's subsidiary Capella UK Bidco 2 Limited issued 71,330,922 ordinary shares for consideration of £71,331k. Capella UK Bidco 2 Limited subsequently cancelled 71,330,922 shares.”
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 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-02-20 | Active |
Filing timeline
Last 20 of 51 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-28 RESOLUTIONS Resolution
| 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 | |
| 2025-05-31 | 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 | |
| 2025-02-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-18 | 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 | |
| 2024-07-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-09 | AA | accounts | Accounts with accounts type full | |
| 2024-03-28 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-03-28 | SH20 | capital | Legacy | |
| 2024-03-28 | CAP-SS | insolvency | Legacy | |
| 2024-03-28 | RESOLUTIONS | resolution | Resolution |
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
+35.7%
£358,730,000 £486,717,000
-
Employees
—
Not reported
-
Operating profit
-30%
-£10,000 -£13,000
-
Profit before tax
-30%
-£10,000 -£13,000
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