SCAPE LIVING PLC

• ◆

  Outstanding charges registered

  One or more mortgages or charges remain undischarged on the Companies House register.

1. SCAPE LIVING PLC 2021-01-18 → present
2. SCAPE LIVING LIMITED 2020-09-23 → 2021-01-18

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

IFRS

Reporting scope

Consolidated group

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group was profit making in the year, with the operational assets performing well with an overall operating margin of 58% (2024: 60%). The Group has positive net assets of £769.0m but is in a net current liability position of £403.2m due to three of the Group's loans being due for repayment in less than one year. In assessing the appropriateness of the going concern basis of preparation the Directors have taken into account the key risks of the business, including the Group's business model and availability of cash resources. The Directors continue to ensure compliance with both historical and forecast financial covenants. Management also considers severe but plausible downsides in making their assessment. One key risk is occupancy of the operational buildings given a reduction in occupancy would lead to a reduction in cash generated to operate the business. For the 2025/2026 academic year, contracts are in place securing a high level of occupancy. However, if the occupancy for the 2026/2027 academic year were to fall by 25%, the cashflow model forecasts that there would be sufficient cash to meet liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.”

Group structure

1. SCAPE LIVING PLC · parent
   1. Circus Street UK Propco Ltd 100% · United Kingdom · Rental of student accommodation
   2. Guildford UK Propco Ltd 100% · United Kingdom · Rental of student accommodation
   3. Kingsway Jersey Holdco Limited 100% · Jersey · Holding company
   4. Scape Holdco 1 Ltd 100% · United Kingdom · Holding company
   5. Scape Operations Ltd 100% · United Kingdom · Facilities support activities
   6. Scape Topco 4 Ltd 100% · United Kingdom · Holding company
   7. Scape Topco 5 Ltd 100% · United Kingdom · Holding company
   8. Shoreditch Guernsey Holdco Ltd 100% · Guernsey · Holding company
   9. Talgarth UK Holdco Ltd 92.5% · United Kingdom · Holding company
   10. Bloomsbury UK Propco Ltd 100% · United Kingdom · Rental of student accommodation
   11. Circus Street Property Management Company Limited 100% · United Kingdom · Facilities support activities
   12. Guildford 2 UK Opco Ltd 100% · United Kingdom · Rental of student accommodation
   13. Guildford 2 UK Propco Ltd 100% · United Kingdom · Rental of student accommodation
   14. Hammersmith UK Opco Ltd 100% · United Kingdom · Rental of student accommodation
   15. Hammersmith UK Propco Ltd 100% · United Kingdom · Rental of student accommodation
   16. Kingsway Jersey Propco Limited 100% · Jersey · Rental of student accommodation
   17. Mile End Guernsey Holdco Ltd 100% · Guernsey · Holding company
   18. Mile End Guernsey Opco Ltd 100% · Guernsey · Rental of student accommodation
   19. Mile End Guernsey Propco Ltd 100% · Guernsey · Rental of student accommodation
   20. Shoreditch Guernsey Opco Ltd 100% · Guernsey · Rental of student accommodation
   21. Shoreditch Guernsey Propco Ltd 100% · Guernsey · Rental of student accommodation
   22. Wembley UK Opco Ltd 100% · United Kingdom · Rental of student accommodation
   23. Wembley UK Propco Ltd 100% · United Kingdom · Rental of student accommodation

Significant events

• “In May 2025, ahead of schedule, practical completion was achieved on the Hammersmith asset. This 713 bed asset is now the largest asset within the Group.”
• “In September 2025, the Group took vacant possession of the Kingsway asset, to enable the Group to re-develop the asset into a 406-bed student accommodation building. The building is expected to complete ahead of the 2028/29 academic year.”
• “In April 2025, the Group sold its office building at the Circus Street office site. This has allowed the business to focus on its core activity, provision of student accommodation.”
• “On 31 October 2025, an amendment to the Natwest loan agreement was agreed, lowering the margin from 3.2% to 2.0% for £81.0m of the loan balance.”
• “On 11 November 2025, the company issued £86,489 £1 ordinary shares for a total subscription of £6,600,027.”
• “On 16 December 2025, the Group agreed an extension to the £105m facility secured on the Hammersmith asset. Under the terms of the agreement, the termination date has been extended to 31 January 2027.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

6

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -1.8%

  £62,558,000 → £61,462,000

• Cash

  -46.4%

  £62,135,000 → £33,325,000

• Net assets

  +13%

  £680,682,000 → £769,007,000

• Employees

  +20.4%

  137 → 165

• Operating profit

  -5.8%

  £37,798,000 → £35,591,000

• Profit before tax

  +0.7%

  £69,695,000 → £70,149,000

• Wages

  +13.7%

  £3,280,000 → £3,728,000

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