RBS INVOICE FINANCE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-20 (in 3mo)
Last made up 2025-08-06
Watchouts
None on the register
Cash
£82M
+293.6% vs 2023
Net assets
£45M
-7.5% vs 2023
Employees
239
+8.1% vs 2023
Profit before tax
£44M
-19.2% vs 2023
Name history
Renamed 3 times since incorporation
- RBS INVOICE FINANCE LIMITED 2006-01-03 → present
- THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED 2000-12-29 → 2006-01-03
- LOMBARD NATWEST FACTORS LIMITED 1988-09-30 → 2000-12-29
- CREDIT FACTORING LIMITED 1960-06-15 → 1988-09-30
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £249,704,000 | £270,238,000 | |
| Operating profit | £189,916,000 | £194,265,000 | |
| Profit before tax | £54,653,000 | £44,155,000 | |
| Net profit | £39,218,000 | £29,795,000 | |
| Cash | £20,769,000 | £81,757,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £48,305,000 | £44,704,000 | |
| Equity | £48,305,000 | £44,704,000 | |
| Average employees | 221 | 239 | |
| Wages | £14,786,000 | £16,016,000 |
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 | 76.1% | 71.9% | |
| Net margin | 15.7% | 11.0% | |
| Gearing (liabilities / total assets) | 98.5% | 98.8% | |
| Current ratio | 1.02x | 1.01x | |
| Interest cover | 1.40x | 1.29x |
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
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of twelve months from when the financial statements are authorised for issue.”
Group structure
- RBS INVOICE FINANCE LIMITED · parent
- Premier Audit Company Limited 100%
Significant events
- “An interim dividend of £26,717k was paid on 29 July 2024 (2023: £33,878k) and a final dividend of £6,679k was paid on 16 December 2024 (2023: £9,045k).”
- “In 2024 the Company amended its articles of association by special resolution to remove the previous provision limiting the share capital the Company was authorised to issue.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 70 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NATWEST GROUP SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2012-04-27 | — | — |
| BISHOP, Elizabeth | Director | 2025-02-24 | Mar 1991 | British |
| EDWARDS, Paul Andrew | Director | 2024-07-29 | Apr 1975 | British |
| KRISHNA, Kunal | Director | 2024-10-17 | Jan 1984 | British |
Show 70 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CUNNINGHAM, Angela Mary | Secretary | 2004-04-21 | 2007-07-26 |
| FLETCHER, Rachel Elizabeth | Secretary | 2007-07-27 | 2012-04-27 |
| LEA, John Albert | Secretary | 2000-08-07 | 2004-04-21 |
| LEWIS, Derek John | Secretary | 1993-04-27 | 2000-08-06 |
| STRANAGHAN, Patricia Ann | Secretary | — | 1993-04-27 |
| BARDRICK, Michael Jeffrey | Director | 2011-10-25 | 2014-06-30 |
| BARNARD, Andrew David | Director | 2009-04-06 | 2010-04-19 |
| BECK, James Frederick | Director | 2001-01-18 | 2003-10-31 |
| BRADLEY, Neil Joseph | Director | 2002-09-16 | 2006-12-29 |
| BRANCHFLOWER, Andrew James, Director | Director | 2021-05-31 | 2022-06-27 |
| BULLOCH, Robert James Mackenzie | Director | 2003-07-17 | 2004-04-21 |
| CARTE, Brian Addison | Director | — | 1996-06-30 |
| COMFORT, Peter Nigel | Director | 2001-01-18 | 2005-01-24 |
| COWIE, Ian Duncan | Director | 2015-03-31 | 2016-10-31 |
| COWIE, Ian Duncan | Director | 2007-01-02 | 2014-01-31 |
| DEVINE, Alan Sinclair | Director | 2008-11-03 | 2008-11-03 |
| DICKINSON, Alan Peter | Director | 2002-07-01 | 2004-07-09 |
| FLOYD, Carla Francesca | Director | 2023-11-10 | 2025-02-10 |
| FRUMKIN, Daniel Sweeney | Director | 2008-11-03 | 2008-11-03 |
| GEE, Paul Robert | Director | — | 1994-02-02 |
| GREEN, Christopher William | Director | 2018-10-11 | 2019-12-16 |
| GREEP, William Henry | Director | — | 1998-05-08 |
| HAISMAN, Keith | Director | 2004-06-14 | 2005-03-30 |
| HANNAY, Melanie Jane | Director | 2007-03-01 | 2009-04-06 |
| HARRISON, Geoffrey | Director | 2003-09-01 | 2005-01-24 |
| HAYDEN, Peter David | Director | 1997-04-22 | 2001-04-18 |
| HOLDEN, Adam | Director | 2014-01-31 | 2016-07-01 |
| HOLLOWAY, Stuart Antony | Director | 2000-01-27 | 2004-06-11 |
| HUNTER, John Stewart | Director | 2005-04-20 | 2011-05-04 |
| IBBETSON, Peter Richard | Director | 2001-01-18 | 2002-11-06 |
| JOHNSON, Jeffrey | Director | 1995-02-20 | 1999-04-30 |
| JONES, Susan Myra | Director | 1999-10-22 | 2001-06-29 |
| LENT, Stephen John, Mr. | Director | 2001-04-18 | 2004-12-17 |
| LYNAM, Paul Anthony | Director | 2008-11-03 | 2008-11-03 |
| MABERLY, Michael Alan | Director | — | 1994-12-31 |
| MALONE, Sean Kevin | Director | 2020-07-21 | 2021-05-31 |
| MARROW, Paul | Director | 2002-11-06 | 2006-09-30 |
| MATTHEWS, Steven Bruce | Director | 2008-11-03 | 2008-11-03 |
| MCFARLANE, Ross William | Director | 2001-01-18 | 2012-04-18 |
| MILLS, Nigel Patrick | Director | 2001-03-01 | 2011-08-03 |
| MITCHELL, Michael Kevin | Director | 2010-04-19 | 2010-11-29 |
| MOFFAT, Peter | Director | 2021-12-06 | 2024-10-17 |
| MORGAN, Jason Asa | Director | 2005-09-01 | 2007-03-01 |
| MORRIN, Martin John | Director | 2007-08-16 | 2015-03-31 |
| NICHOLS, Lawrence Edward De Lisle | Director | 2001-01-18 | 2005-09-22 |
| OAKLEY, Jason Sam | Director | 2002-09-30 | 2003-07-01 |
| PARRY, Alan David | Director | 2017-05-03 | 2020-07-21 |
| PATTARA, Joseph Alexander | Director | 2016-10-31 | 2021-12-06 |
| PHILLIPS, Lisa Marie | Director | 2020-11-18 | 2024-07-29 |
| RANKIN, Alexander Arthur George | Director | 2001-01-18 | 2016-09-07 |
| ROWDEN, Christian Gerrard | Director | 2018-10-11 | 2022-07-19 |
| SAINSBURY, Adrian John | Director | 2005-03-30 | 2007-03-01 |
| SAVILLE, Suzanne | Director | 2007-03-01 | 2009-03-19 |
| SCULLEY, Neil Anthony | Director | 2007-01-02 | 2007-07-30 |
| SEMPLE, Francesca Margaret | Director | 2006-01-26 | 2007-03-01 |
| SINGLETON, Kathryn Elizabeth | Director | 2002-04-25 | 2003-07-01 |
| SMART, Richard | Director | 2022-07-19 | 2023-10-06 |
| SMITH, Robert John | Director | — | 2000-07-31 |
| SNELLING, Duane Edward | Director | 2007-07-30 | 2008-12-17 |
| THORNTON, John | Director | 2001-01-18 | 2002-07-01 |
| THWAITE, John Paul | Director | 2017-05-03 | 2018-10-11 |
| TORRANCE, Peter | Director | 2001-01-18 | 2005-01-24 |
| TURNER, Malcolm Winston | Director | — | 2000-02-29 |
| WALLS, Colin Jamie Fleming | Director | 2003-07-01 | 2007-11-15 |
| WATTS, Oliver David | Director | 2010-04-19 | 2014-01-31 |
| WHITEHORN, John Leonard | Director | — | 2000-11-01 |
| WILCOX, David Brian | Director | 2000-11-01 | 2006-03-17 |
| WOOD, John Hamer | Director | 2016-08-23 | 2017-06-30 |
| WOOD, John Hamer | Director | 2008-12-31 | 2013-08-15 |
| WRIGHT, Ian | Director | 2010-04-19 | 2011-01-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Westminster Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-04-04 | Active |
| Rbs Invoice Finance (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2018-04-04 |
Filing timeline
Last 20 of 301 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-02-16 MA Memorandum articles
- 2024-02-16 RESOLUTIONS Resolution
- 2024-02-12 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-05 | AA | accounts | Accounts with accounts type full | |
| 2025-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-01 | AA | accounts | Accounts with accounts type full | |
| 2024-08-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-16 | MA | incorporation | Memorandum articles | |
| 2024-02-16 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-12 | CC04 | change-of-constitution | Statement of companys objects | |
| 2023-11-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-26 | AA | accounts | Accounts with accounts type full | |
| 2022-10-10 | AA | accounts | Accounts with accounts type full | |
| 2022-08-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-20 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
+8.2%
£249,704,000 £270,238,000
-
Cash
+293.6%
£20,769,000 £81,757,000
-
Net assets
-7.5%
£48,305,000 £44,704,000
-
Employees
+8.1%
221 239
-
Operating profit
+2.3%
£189,916,000 £194,265,000
-
Profit before tax
-19.2%
£54,653,000 £44,155,000
-
Wages
+8.3%
£14,786,000 £16,016,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers