ASAF OPERATIONS (NO.1) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-20 (in 11mo)
Last made up 2026-04-06
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
218
+11.2% vs 2023
Profit before tax
-£232K
-240.7% vs 2023
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £8,601,207 | £9,210,783 | |
| Operating profit | £349,271 | -£27,739 | |
| Profit before tax | £164,771 | -£231,769 | |
| Net profit | £69,090 | -£376,733 | |
| Cash | £532,844 | — | |
| Total assets less current liabilities | £3,249,654 | — | |
| Net assets | -£891,010 | — | |
| Equity | -£891,010 | -£3,304,976 | |
| Average employees | 196 | 218 | |
| Wages | £5,276,442 | £6,346,296 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 4.1% | -0.3% | |
| Net margin | 0.8% | -4.1% | |
| Return on capital employed | 10.7% | — | |
| Current ratio | 0.83x | — | |
| Interest cover | 0.72x | -0.05x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- Lubbock Fine LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the current information available, the Group's cashflow forecasts indicate that the Group will continue to have sufficient headroom to pay its lenders and suppliers as payments become due. Given the sustained level of bookings for the Group's assets under management and continued support for the student accommodation sector, the Directors consider it is appropriate to prepare the financial statements on a going concern basis.”
Group structure
- ASAF OPERATIONS (NO.1) LIMITED · parent
- Collegiate AC Limited 100%
- Collegiate Marketing Ltd 100%
- Arlington Asset Management Limited 98%
- Arlington Development management Limited 100%
- Colleco Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCKEOWN, Sean Thomas | Director | 2020-04-07 | Sep 1970 | British |
| SHWEIRY, George Nicholas | Director | 2024-03-28 | Aug 1966 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MOYLE, Robert Bromley | Director | 2020-04-07 | 2024-03-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| George Nicholas Shweiry | Individual | Significant influence | 2020-04-07 | Ceased 2020-04-07 |
| Arlington Advisors Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2020-04-07 | Active |
Filing timeline
Last 19 of 19 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-04 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-04-03 | AA | accounts | Accounts with accounts type group | |
| 2026-03-03 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-28 | AA | accounts | Accounts with accounts type group | |
| 2024-04-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-12 | AA | accounts | Accounts with accounts type small | |
| 2023-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-09 | AA | accounts | Accounts with accounts type small | |
| 2022-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-19 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-04-07 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-01-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-04-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-07 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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 2024-12-31 vs 2023-12-31
-
Turnover
+7.1%
£8,601,207 £9,210,783
-
Cash
—
Not reported
-
Net assets
—
Not reported
-
Employees
+11.2%
196 218
-
Operating profit
-107.9%
£349,271 -£27,739
-
Profit before tax
-240.7%
£164,771 -£231,769
-
Wages
+20.3%
£5,276,442 £6,346,296
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