LLOYDS BANK COMMERCIAL FINANCE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-27 (in 9mo)
Last made up 2026-02-13
Watchouts
None on the register
Cash
£171M
-53.9% vs 2023
Net assets
£101M
+15% vs 2023
Employees
111
-8.3% vs 2023
Profit before tax
£18M
+170.7% vs 2023
Name history
Renamed 2 times since incorporation
- LLOYDS BANK COMMERCIAL FINANCE LIMITED 2013-09-23 → present
- LLOYDS TSB COMMERCIAL FINANCE LIMITED 2000-03-31 → 2013-09-23
- ALEX LAWRIE FACTORS LIMITED 1962-08-21 → 2000-03-31
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 | £104,912,000 | £100,622,000 | |
| Operating profit | £25,477,000 | £30,964,000 | |
| Profit before tax | £6,472,000 | £17,517,000 | |
| Net profit | £4,883,000 | £13,112,000 | |
| Cash | £370,877,000 | £170,954,000 | |
| Total assets less current liabilities | £87,404,000 | £100,516,000 | |
| Net assets | £87,404,000 | £100,516,000 | |
| Equity | £87,404,000 | £100,516,000 | |
| Average employees | 121 | 111 | |
| Wages | £7,643,000 | £7,615,000 |
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 | 24.3% | 30.8% | |
| Net margin | 4.7% | 13.0% | |
| Return on capital employed | 29.1% | 30.8% | |
| Gearing (liabilities / total assets) | 88.2% | 79.4% | |
| Current ratio | 1.12x | 1.23x | |
| Interest cover | 1.14x | 1.83x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of approval of the accounts. Thus they continue to adopt the going concern basis of accounting in preparing the Annual Report and Accounts.”
Group structure
- LLOYDS BANK COMMERCIAL FINANCE LIMITED · parent
- Alex Lawrie Factors Limited 1%
- Alex Lawrie Receivables Financing Limited 1%
- Eurolead Services Holdings Limited 1%
- LBCF Limited 1%
- Lloyds Bank Commercial Finance Scotland Limited 1%
- Cashfriday Limited 1%
Significant events
- “Firstsource Solutions Limited continues to run the back office operations for the Company as per the Service Agreement signed on 4 July 2024 superseding Master Service Agreement signed on 18 August 2015.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 48 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MULHOLLAND, Alison Elizabeth | Secretary | 2024-02-07 | — | — |
| BAKER, Victoria Louise | Director | 2023-03-30 | Mar 1978 | British |
| CORSON, Alan John | Director | 2023-03-30 | Mar 1982 | British |
| LORING, Christopher | Director | 2023-03-30 | Mar 1979 | British |
| PETERS, Matthew John | Director | 2024-08-05 | Jan 1984 | British |
Show 48 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARTLETT, Howard | Secretary | — | 1999-04-22 |
| GITTINS, Paul | Secretary | 2010-09-13 | 2024-02-07 |
| NEWMAN, Paulette Jean | Secretary | 1999-04-22 | 2009-08-17 |
| SARFO-AGYARE, Claude Kwasi | Secretary | 2009-08-17 | 2012-06-01 |
| BARTLETT, Howard | Director | — | 1999-12-28 |
| BIDDLE, Timothy | Director | 2023-03-30 | 2024-08-05 |
| BIRCH, Barrie Peter | Director | — | 1999-12-28 |
| BROWN, Paul Gregorius | Director | 1992-11-17 | 1996-04-01 |
| COOPER, Martin John | Director | 2003-05-01 | 2015-08-19 |
| DAVIES, John Lewis | Director | 2000-01-19 | 2006-11-30 |
| DAVIES, John Arthur | Director | — | 1993-09-30 |
| EDDOWES, Robert James | Director | 1999-04-06 | 2013-01-21 |
| ETTERSHANK, Edward Michael George | Director | 1999-04-19 | 2008-07-27 |
| FEATHERSTONE, Simon Andrew | Director | 2008-07-28 | 2011-07-29 |
| GREEN, Janet Anne | Director | 1993-10-29 | 2000-04-04 |
| HIGLEY, Keith John | Director | 1997-01-01 | 2000-01-31 |
| HUTTON, Andrew Kilpatrick | Director | — | 2000-01-31 |
| JENKINS, John Michael | Director | 1999-04-22 | 2005-02-01 |
| KERR, Donald | Director | 2012-12-12 | 2016-01-07 |
| LARKIN, Ian David | Director | 2011-09-19 | 2012-10-31 |
| LOMAS, Ian David | Director | 1999-04-22 | 2014-04-30 |
| MALTBY, John Neil | Director | 2007-01-07 | 2012-09-06 |
| MARTIN, Catherine | Director | 2012-12-12 | 2014-01-31 |
| MASTER, Gwynne | Director | 2021-03-29 | 2023-04-11 |
| MAZZOCCHI, Mario Emanuele | Director | 2010-01-01 | 2012-10-12 |
| MOORE, Alan Edward | Director | 1996-04-01 | 1998-04-30 |
| NEWMAN, Paulette Jean | Director | 1999-04-22 | 2009-08-17 |
| NUNNERLEY, Philip Haldane | Director | — | 1993-02-26 |
| OLDFIELD, David James Stanley | Director | 2012-09-06 | 2013-10-02 |
| PIRRIE, David Blair | Director | — | 1992-11-17 |
| POSTINGS, David John | Director | 2006-12-01 | 2007-07-06 |
| POTTS, David Keith | Director | 2000-04-26 | 2006-11-30 |
| REED, Danielle Kara | Director | 2016-01-07 | 2019-07-29 |
| RIDING, Frederick Michael Peter | Director | 1996-04-01 | 2003-12-29 |
| ROBSON, John Frederick | Director | 2012-12-12 | 2015-06-30 |
| SARFO-AGYARE, Claude Kwasi | Director | 2009-08-17 | 2012-05-30 |
| SAUNDERS, Paul Kevin | Director | — | 2009-12-31 |
| SHAW, Michael William | Director | 1993-02-26 | 1994-10-28 |
| SINGLETON, David Michael | Director | 1998-05-11 | 2004-02-24 |
| SMITH, Edward John Gerard | Director | 2013-10-02 | 2016-01-07 |
| SMITH, Malcolm James | Director | — | 1996-12-31 |
| SMITHSON, Andrew Chadwick | Director | 2019-07-29 | 2021-11-19 |
| SPENCE, John Andrew | Director | 1994-10-28 | 1999-07-06 |
| STEPHENSON, Ben | Director | 2016-03-10 | 2023-04-19 |
| TATE, George Truett | Director | 2004-01-29 | 2010-06-29 |
| TOTNEY, David Antony | Director | 2002-04-18 | 2004-08-20 |
| WALKER, Adrian Keith | Director | 2016-01-07 | 2018-02-27 |
| WEBSDALE, Steven John | Director | — | 1996-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lloyds Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 251 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2025-05-12 | CH03 | officers | Change person secretary company with change date | |
| 2025-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2024-08-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-02-07 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-08-08 | AA | accounts | Accounts with accounts type full | |
| 2023-04-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-08 | AA | accounts | Accounts with accounts type full | |
| 2022-03-22 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
-4.1%
£104,912,000 £100,622,000
-
Cash
-53.9%
£370,877,000 £170,954,000
-
Net assets
+15%
£87,404,000 £100,516,000
-
Employees
-8.3%
121 111
-
Operating profit
+21.5%
£25,477,000 £30,964,000
-
Profit before tax
+170.7%
£6,472,000 £17,517,000
-
Wages
-0.4%
£7,643,000 £7,615,000
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