UNDERSTUDY LIMITED - Profile & Financials

Accounts Submitted 13 Aug 2025

Confirmation Statement Submitted 19 Aug 2025

Net assets £839.03K £128.28K 2024 year on year

Total assets £8.04M £1.69M 2024 year on year

Total Liabilities £7.21M £1.82M 2024 year on year

Charges 5

1 outstanding 4 satisfied

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Contact & Details

Contact

Update Details

Registered Address

72-74 Dean Street London W1D 3SG England

Office (London)

London SE1 9PX

Office (Upper Ground, London SE1 9PX)

Registered Office

Telephone

0333 444 4111

[email protected]

Website

nationaltheatre.org.uk

Credit Report

Discover UNDERSTUDY LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

See All Mutual Companies

Financials

Period 1 Jan → 31 Dec 2024

Type Total Exemption Full

Next accounts 31 December 2025

Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2021–2024)

Cash in Bank

£2.67M

Increased by £562.42k (+27%)

Net Assets

£839.03k

Decreased by £128.28k (-13%)

Total Liabilities

£7.21M

Increased by £1.82M (+34%)

Turnover

£19.61M

Increased by £3.82M (+24%)

Employees

267

Increased by 29 (+12%)

Debt Ratio

90%

Increased by 5 (+6%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2024 Dec Year End	2023 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share allotments and capital structure

2 Allotments 27,248 Shares £12k Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
13 Jun 2025	B ORDINARY	24,053	£4k	£0.18
19 Sept 2024	C ORDINARY	3,195	£8k	£2.52

Officers

5 active

Show resigned officers

						Status
Alex Mclauchlan	Director	British	England	47	4 Oct 2018	Active
Christopher Alan Morgan	Director	British	England	35	26 Oct 2024	Active
David Patrick Roberts	Director	British	United Kingdom	57	4 Nov 2014	Active
Gordon James Ker	Director	British	England	41	7 Aug 2013	Active
Paul Adam Campbell	Director	British	United Kingdom	61	4 Nov 2014	Active

Shareholders

Shareholders (29)


Will Beckett	1.8%	5,552	A Ordinary	19 Aug 2025
Winston Barker	0.5%	1,718	B Ordinary	19 Aug 2025
Wojciech Smietalo	0.4%	1,145	B Ordinary	19 Aug 2025

Persons with Significant Control

Persons with Significant Control (1)

1 Active 2 Ceased

Bgf Investment Management Limited

United Kingdom

Active

Notified 26 Oct 2024

Nature of Control

Ownership Of Shares 25 To 50 Percent
Voting Rights 25 To 50 Percent

Gordon James Ker

Ceased 26 Oct 2024

Ceased

David Patrick Roberts

Ceased 26 Oct 2024

Ceased

See All Controllers

Group Structure

BGF INVESTMENT MANAGEMENT LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

BGF GROUP PLC united kingdom significant influence or control

RBS SME INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent

HSBC (BGF) INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

BARCLAYS FUNDS INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

UBERIOR INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

BARCLAYS EQUITY HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

HSBC BANK PLC united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent

RBS AA HOLDINGS (UK) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent

LBG EQUITY INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

BARCLAYS PRINCIPAL INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

HSBC HOLDINGS PLC united kingdom

LLOYDS BANKING GROUP PLC united kingdom

NATWEST GROUP PLC united kingdom

BARCLAYS PLC united kingdom

UNDERSTUDY LIMITED Current Company

BLACKLOCK (CANARY WHARF) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

BLACKLOCK NEWCO 2 LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

BLACKLOCK NEWCO LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

1 outstanding 4 satisfied

Documents

Company Filings

Date	Category	Description	Document
19 Aug 2025	Confirmation Statement	Confirmation statement made on 2025-08-07 with updates	View(8 pages)
13 Aug 2025	Accounts	Annual accounts made up to 2024-12-29	View(39 pages)
3 Jul 2025	Capital	Allotment of shares (GBP 3,153.35) on 2025-06-13	View(4 pages)
2 Jul 2025	Resolution	Resolutions	View(1 page)
30 Dec 2024	Resolution	Resolutions	View(4 pages)