PEAC BUSINESS FINANCE LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-06-30
Confirmation statement due
2027-03-15 (in 10mo)
Last made up 2026-03-01
Watchouts
None on the register
Cash
£84M
+22.9% vs 2023
Net assets
£188M
-9.9% vs 2023
Employees
58
-4.9% vs 2023
Profit before tax
-£20M
-139.3% vs 2023
Name history
Renamed 4 times since incorporation
- PEAC BUSINESS FINANCE LIMITED 2021-07-01 → present
- BARCLAYS MERCANTILE BUSINESS FINANCE LIMITED 1987-11-30 → 2021-07-01
- BARCLAYS MERCANTILE INDUSTRIAL FINANCE LIMITED 1976-12-31 → 1987-11-30
- BARCLAYS BANK (FINANCE) LIMITED 1967-02-14 → 1976-12-31
- MARTINS BANK (FINANCE) LIMITED 1967-02-14 → 1976-12-31
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-06-30
| Metric | Trend | 2023-06-30 | 2024-06-30 |
|---|---|---|---|
| Turnover | £48,788,000 | £59,798,000 | |
| Operating profit | £1,194,000 | -£6,284,000 | |
| Profit before tax | £51,344,000 | -£20,178,000 | |
| Net profit | £50,290,000 | -£20,720,000 | |
| Cash | £68,361,000 | £83,991,000 | |
| Total assets less current liabilities | £767,851,000 | £723,718,000 | |
| Net assets | £209,167,000 | £188,447,000 | |
| Equity | £209,167,000 | £188,447,000 | |
| Average employees | 61 | 58 | |
| Wages | £4,468,000 | £3,803,000 |
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 | 2023-06-30 | 2024-06-30 |
|---|---|---|---|
| Operating margin | 2.4% | -10.5% | |
| Net margin | 103.1% | -34.6% | |
| Return on capital employed | 0.2% | -0.9% | |
| Gearing (liabilities / total assets) | 81.7% | 82.4% | |
| Current ratio | 1.55x | 1.52x | |
| Interest cover | 0.03x | -0.13x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 at least twelve months from when the financial statements are authorised for issue.”
Group structure
- PEAC BUSINESS FINANCE LIMITED · parent
- PEAC (BF1) limited 1%
Significant events
- “As disclosed in the Strategic Report, the Court of Appeal has ruled that certain undisclosed commission payments were unlawful. This has potential impacts on the Company, further details can be found in note 24 to the financial statemetnts.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 64 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STAVELY, Robert Daniel | Secretary | 2024-02-01 | — | — |
| ASHLEY, Jonathan | Director | 2021-06-30 | Feb 1966 | American |
| BOLTON, Stephen Geoffrey | Director | 2014-04-01 | Feb 1962 | British |
| BROMFIELD, Andrew John | Director | 2021-06-30 | Jul 1988 | British |
| HARTIS, Anthony | Director | 2022-05-11 | Oct 1976 | British |
| HAWKINS, David Charles | Director | 2014-05-21 | May 1967 | British |
| LIM, Benjamin Sze Ern | Director | 2024-12-20 | Jul 1992 | British |
| STAADECKER, Justin | Director | 2021-06-30 | Jun 1968 | British |
Show 64 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCMILLAN, Richard John | Secretary | 2000-02-10 | 2009-12-18 |
| SHOOLBRED, Charles Frederick | Secretary | — | 2000-02-10 |
| VENNER, Philip | Secretary | 2021-06-30 | 2024-01-31 |
| BARCOSEC LIMITED | Corporate Secretary | 2005-09-08 | 2021-06-30 |
| ANDERSON, Jonathan Trevor | Director | 2007-03-08 | 2011-01-11 |
| ASQUITH, Andrew Martin Granville | Director | 2013-12-19 | 2014-04-16 |
| BARNES, Donna | Director | 2019-09-27 | 2021-06-23 |
| BOOBYER, Christopher Leslie Richard | Director | — | 2004-09-17 |
| BOUSABA, Marie-Anne | Director | 2022-02-28 | 2025-01-08 |
| BOX, Sarah | Director | 1996-03-31 | 1998-09-17 |
| BROWN, Alexander Stuart | Director | 2010-04-27 | 2012-04-30 |
| BROWN, Jonathan James | Director | 2019-03-01 | 2021-06-30 |
| BUCKLEY, Stanley William | Director | — | 1992-08-31 |
| CALLENDER, John Dalrymple | Director | 2004-11-19 | 2006-03-31 |
| CALLENDER, John Dalrymple | Director | — | 2004-10-01 |
| CARVER, Joanna Mary | Director | 2008-03-10 | 2010-09-20 |
| CLARK, Thomas Martin | Director | — | 1996-03-22 |
| COLLINS, Nathaniel James | Director | 2012-01-06 | 2013-01-29 |
| CROCKETT, Angela Judith Mary | Director | 2006-03-28 | 2007-01-02 |
| EAST, Robert David | Director | 2000-07-26 | 2001-11-07 |
| EMNEY, Paul | Director | 2011-01-31 | 2011-10-11 |
| FORAN, Martin John | Director | 1993-08-09 | 1994-06-03 |
| FOWLER, Brian Frederick | Director | 1996-10-31 | 1999-02-22 |
| FRENCH, Richard Keith | Director | 2002-04-18 | 2004-04-23 |
| GAMBLE, Shawn Elizabeth | Director | 2007-10-26 | 2010-09-30 |
| GLOVER, Michael Richard | Director | 2011-10-11 | 2012-01-03 |
| GRIGG, Christopher Montague | Director | 2007-03-08 | 2008-11-24 |
| HARE, Darren Mark | Director | 2007-10-26 | 2010-01-21 |
| HARVEY, Peter John | Director | 2004-04-23 | 2007-01-31 |
| HASSELL, Brian Charles | Director | — | 1992-12-31 |
| KUMAR, Vukkalam Rangaswami Praveen | Director | 2016-05-24 | 2021-06-23 |
| LEATHER, Jonathan Terence | Director | 2010-09-28 | 2015-11-23 |
| LEATHER, Jonathan Terence | Director | 2003-05-16 | 2005-08-02 |
| LYLE, Thomas | Director | 2022-05-11 | 2023-01-11 |
| MAXWELL, Peter Stuart | Director | 1994-03-01 | 1998-12-31 |
| MCMILLAN, Richard John | Director | 2004-10-01 | 2005-08-31 |
| MCMILLAN, Richard John | Director | 2003-05-16 | 2004-09-17 |
| MERCHANT, Ketan Dhirendra | Director | 2015-08-13 | 2016-02-16 |
| MORRIN, Martin John | Director | 2006-03-28 | 2007-02-20 |
| MOSELEY, Ian Angus | Director | 2003-05-07 | 2006-09-11 |
| NOLSON, Karl Wesley | Director | 2016-07-01 | 2019-02-28 |
| OTTAWAY, Angela Nicole | Director | 2013-01-31 | 2019-09-23 |
| PRICE, Stephen Frederick | Director | 2004-10-29 | 2007-09-25 |
| ROBERTS, David Lawton | Director | 1998-12-08 | 2000-07-26 |
| ROBERTS, Paul Timothy | Director | 1998-12-08 | 2001-07-25 |
| ROSE, Stephen George | Director | 2004-10-01 | 2007-01-31 |
| ROUSE, Charles Nicholas | Director | 1996-09-23 | 1998-09-11 |
| ROWBERRY, Duncan John | Director | 2010-09-28 | 2013-12-23 |
| ROWBERRY, Duncan John | Director | 2003-05-16 | 2005-08-19 |
| SAINSBURY, Adrian John | Director | 2004-04-23 | 2004-10-29 |
| SILCOCK, Frank Avis | Director | — | 1993-07-31 |
| SPENCE, Sean | Director | 1999-02-09 | 2000-11-03 |
| SPURIN, Mark Roger Graham | Director | 2004-12-07 | 2007-09-03 |
| STENT, Carla Rosaline | Director | 2006-03-28 | 2007-11-30 |
| STUART, John David | Director | 2007-10-26 | 2010-04-27 |
| THOMPSON, David | Director | 1992-08-17 | 1998-12-31 |
| WATERSON, Raymond George | Director | 1995-01-01 | 1998-12-31 |
| WATSON, Dennis John | Director | 2012-05-04 | 2015-09-07 |
| WEAVING, John Martin | Director | 1993-08-09 | 1996-03-31 |
| WELSH, David Charles | Director | 1998-09-07 | 2003-02-28 |
| WILLIAMSON, Patricia Mary | Director | 1998-12-08 | 2005-08-02 |
| YARDLEY, John Edward | Director | 1992-11-13 | 1996-10-31 |
| BARCOSEC LIMITED | Corporate Director | 2001-05-18 | 2004-06-29 |
| BAROMETERS LIMITED | Corporate Director | 2001-05-18 | 2004-06-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Peac Business Finance Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-06-30 | Active |
| Barclays Principal Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-06-26 | Ceased 2021-06-30 |
| Barclays Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-06-26 |
Filing timeline
Last 20 of 380 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-27 | AA | accounts | Accounts with accounts type full | |
| 2024-12-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-13 | AA | accounts | Accounts with accounts type full | |
| 2024-02-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-08-29 | AA | accounts | Accounts with accounts type full | |
| 2023-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-08-05 | AA01 | accounts | Change account reference date company previous extended | |
| 2022-05-12 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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 2024-06-30 vs 2023-06-30
-
Turnover
+22.6%
£48,788,000 £59,798,000
-
Cash
+22.9%
£68,361,000 £83,991,000
-
Net assets
-9.9%
£209,167,000 £188,447,000
-
Employees
-4.9%
61 58
-
Operating profit
-626.3%
£1,194,000 -£6,284,000
-
Profit before tax
-139.3%
£51,344,000 -£20,178,000
-
Wages
-14.9%
£4,468,000 £3,803,000
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