# UNDERSTANDABLE EQUITY RELEASE LIMITED (13366893)

> UNDERSTANDABLE EQUITY RELEASE LIMITED is an active private limited company (company number 13366893) incorporated on 29 April 2021, registered in London. Its registered activity is activities of mortgage finance companies (SIC 64922). Latest micro accounts cover the period ending 30 April 2026, showing net assets of £17, with 1 employee on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 98% on the prior period (£985). Across the last 3 periods on record the net-asset trend is volatile.

- Status: Active
- Incorporated: 2021-04-29
- Registered office: London, W1T 6EB
- SIC 64922: Activities of mortgage finance companies
- Next accounts due: 2028-01-30
- Confirmation statement due: 2027-05-13
- Accounts type: MICRO ENTITY

By net assets it sits in the lower half of 416 comparable companies in London (median £6,096, upper quartile £43k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2026-04-30 | £17 | — | — | — | — | — | 1 |
| 2025-04-30 | £985 | — | — | — | — | — | 1 |
| 2024-04-30 | £41 | — | — | — | — | — | 1 |

net assets trend volatile; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £17 at 30 April 2026
- Net assets down 25% or more on the prior period: -98.3% vs prior period
- Three or more accounting periods on record: 3 periods on record
- Incorporated five or more years ago: Incorporated 29 April 2021

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Jason Gates — owns 75–100% of shares; holds 75–100% of voting rights, since 2022-10-11

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/13366893
HTML: https://firmoscan.com/company/13366893-understandable-equity-release-limited