UK Companies House feature
LAND SECURITIES (FINANCE) LIMITED
Cash
£77M
+102.5% vs 2023
Net assets
£321M
-29.7% vs 2023
Employees
0
Average over period
Profit before tax
-£119M
-740.7% vs 2023
Profile
- Company number
- 00680609
- Status
- Active
- Incorporation
- 1961-01-16
- Last accounts made up
- 2025-03-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
9-year trend · vs UK Fintech median
Accounts
9-year trend · latest 2024-03-31
| Metric | Trend | 2019-04-01 | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | -£96,000 | — | £1,000 | — | |
| Operating profit | — | -£18,303,000 | — | -£180,208,000 | — | -£20,469,000 | — | -£83,825,000 | -£192,748,000 | |
| Profit before tax | — | £95,193,000 | — | -£225,526,000 | — | £14,722,000 | — | -£14,162,000 | -£119,060,000 | |
| Net profit | — | £73,177,000 | — | -£198,501,000 | — | £9,710,000 | — | -£28,799,000 | -£135,378,000 | |
| Cash | — | £12,939,000 | — | £4,361,000 | — | £2,666,000 | — | £38,176,000 | £77,325,000 | |
| Total assets less current liabilities | — | — | — | — | — | — | — | — | — | |
| Net assets | — | £673,841,000 | — | £475,340,000 | — | £485,050,000 | — | £456,251,000 | £320,873,000 | |
| Equity | £600,664,000 | £673,841,000 | £673,841,000 | £475,340,000 | £475,340,000 | £485,050,000 | £485,050,000 | £456,251,000 | £320,873,000 | |
| Average employees | — | 0 | — | 0 | — | 0 | — | 0 | 0 | |
| Wages | — | — | — | — | — | — | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have determined that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the ultimate parent company, Land Securities Group PLC (together with its subsidiaries referred to as the 'Group'). The Directors' going concern assessment covers the period to 31 December 2026 and confirmation has been received that Land Securities Group PLC will support the Company until this date, so long as the Company remains a subsidiary of Land Securities Group PLC. If the Company was sold within the period to 31 December 2026, confirmation has been received that Land Securities Group PLC would ensure the Company remains in a position to continue as a going concern at the point of sale. The Company's ability to meet its future liabilities is therefore dependent on the financial performance, position and liquidity of the Group as a whole. At the Group level, considerations included potential risks and uncertainties in the business, credit, market, property valuation and liquidity risks, including the availability and repayment profile of bank facilities, as well as forecast covenant compliance. Stress testing has been carried out to ensure the Group has sufficient cash resources to continue in operation over the going concern assessment period to 31 December 2026. This stress testing modelled a scenario with materially reduced levels of cash receipts over the next 12 months. Based on these considerations, together with available market information and the Directors' knowledge and experience of the Company, the Directors continue to adopt the going concern basis in preparing the financial statements for the year ended 31 March 2025.”
Significant events
- “The Company has commitments in respect of guarantees arising in the ordinary course of business, for which it is not yet possible to quantify any potential future liability.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
6 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LS COMPANY SECRETARIES LIMITED | Corporate Secretary | 2011-04-30 | — | — |
| GILLBE, Elizabeth Anne | Director | 2022-01-18 | Feb 1979 | British |
| HOLDER, Duncan John | Director | 2023-09-05 | Mar 1980 | British |
| MAIRS, Cassani | Director | 2020-10-01 | Jun 1984 | Australian |
| SIMMS, Vanessa Kate | Director | 2021-05-31 | Aug 1975 | British |
| WORTHINGTON, Martin Richard | Director | 2016-07-01 | May 1978 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DUDGEON, Peter Maxwell | Secretary | 1998-04-07 | 2011-04-30 |
| JONES, Laurance Aubrey | Secretary | — | 1998-04-06 |
| BUSHELL, Richard Spencer | Director | 2003-02-10 | 2004-09-01 |
| CADWALADR, Marc Peter | Director | 2013-12-31 | 2021-06-28 |
| DEUTSCH, Alastair Michael | Director | 2018-07-30 | 2020-08-06 |
| DOBBIN, Anthony Michael Chetwynd | Director | — | 2004-09-01 |
| DON-WAUCHOPE, Despina | Director | 2012-09-30 | 2013-12-31 |
| FOUNTAIN, Julie Louise | Director | 2018-07-30 | 2022-01-18 |
| FUTTER, Rosalind Charlotte | Director | 2018-07-30 | 2022-08-05 |
| GILL, Christopher Marshall | Director | 2004-09-01 | 2016-07-14 |
| GILLARD, James Stephen | Director | 2021-06-30 | 2022-06-15 |
| GREENSLADE, Martin Frederick | Director | 2005-09-06 | 2021-05-31 |
| HENDERSON, Ian James | Director | — | 2004-07-14 |
| HOLT, David Leslie Frank | Director | 2004-09-01 | 2012-09-30 |
| HUNT, Peter John, Sir | Director | — | 1997-12-08 |
| LEE, Martin | Director | 2004-09-23 | 2007-02-26 |
| LEUNG, Stephen Sui Sang | Director | 2004-09-01 | 2014-03-14 |
| MACFARLANE, Andrew Elliott | Director | 2001-10-02 | 2005-08-05 |
| MOORE, Nicholas Anthony Charles | Director | — | 2002-12-20 |
| MURRAY, James Ian Keith | Director | — | 2001-06-28 |
| STANLEY, Don Eric | Director | 2022-08-05 | 2022-12-13 |
| WEST, Sean Allan | Director | 2004-09-01 | 2012-02-23 |
| WOOD, Martin Reay | Director | 2002-12-10 | 2021-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Land Securities Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 172 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-12-28 | AA | accounts | accounts with accounts type full |
| 2025-06-30 | AA | accounts | accounts with accounts type full |
| 2025-06-24 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-06-07 | DISS40 | gazette | gazette filings brought up to date |
| 2025-05-27 | GAZ1 | gazette | gazette notice compulsory |
| 2025-01-14 | CH01 | officers | change person director company with change date |
| 2024-06-21 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-09-22 | AA | accounts | accounts with accounts type full |
| 2023-09-06 | AP01 | officers | appoint person director company with name date |
| 2023-06-21 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-03-29 | AA | accounts | accounts with accounts type full |
| 2022-12-16 | TM01 | officers | termination director company with name termination date |
| 2022-08-05 | AP01 | officers | appoint person director company with name date |
| 2022-08-05 | TM01 | officers | termination director company with name termination date |
| 2022-06-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-06-16 | TM01 | officers | termination director company with name termination date |
| 2022-01-24 | TM01 | officers | termination director company with name termination date |
| 2022-01-24 | AP01 | officers | appoint person director company with name date |
| 2021-12-16 | AA | accounts | accounts with accounts type full |
| 2021-07-30 | TM01 | officers | termination director company with name termination date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory