ASSETFINANCE DECEMBER (F) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-19 (in 1y)
Last made up 2026-05-05
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£12M
+2% vs 2023
Employees
0
Average over period
Profit before tax
£326K
+110.3% vs 2023
Name history
Renamed 4 times since incorporation
- ASSETFINANCE DECEMBER (F) LIMITED 1999-09-27 → present
- FORWARD TRUST BUSINESS FINANCE LIMITED 1997-04-01 → 1999-09-27
- FTBF LEASING DECEMBER (C) LIMITED 1995-02-15 → 1997-04-01
- FORWARD ASSET LEASING DECEMBER (C) LIMITED 1992-08-14 → 1995-02-15
- FORWARD LEASING LIMITED 1969-07-01 → 1992-08-14
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 | — | — | |
| Operating profit | -£3,154,647 | £326,142 | |
| Profit before tax | -£3,154,647 | £326,142 | |
| Net profit | -£2,210,221 | £244,606 | |
| Cash | — | — | |
| Total assets less current liabilities | £5,557,093 | — | |
| Net assets | £12,011,794 | £12,256,400 | |
| Equity | £12,011,794 | £12,256,400 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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 |
|---|---|---|---|
| Return on capital employed | -56.8% | — | |
| Gearing (liabilities / total assets) | 33.3% | 30.6% | |
| Current ratio | 0.11x | 2.32x | |
| Interest cover | -14.67x | 3.14x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at 31 December 2024, the Company had net current liabilities of £1,270,917 (2023: £5,371,005). The parent undertaking, HSBC UK Bank plc, will provide financial support to the Company such that the Company is able to operate as a going concern and to settle its liabilities as they fall due for a period of not less than 12 months from the date of signing the financial statements. As a result of this, together with the considerations referred to in the Principal risks and uncertainties and impact of climate risk section in the Strategic Report, the Directors have prepared the financial statements on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 47 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BALACHANDRAN, Sacha | Director | 2021-12-17 | Mar 1971 | British |
| OSBORNE, Matthew James | Director | 2025-07-31 | Oct 1974 | British |
| RUS, Ramona, Ms. | Director | 2025-02-11 | Nov 1985 | Romanian |
Show 47 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAYER, George William | Secretary | 2008-02-21 | 2008-09-12 |
| DEAN, Katherine | Secretary | 2013-07-24 | 2015-05-26 |
| FURTADO, Ellroy Victor, Mr. | Secretary | 2019-02-08 | 2021-03-30 |
| GOTT, Sarah Caroline | Secretary | 2008-10-01 | 2010-09-24 |
| MCKENZIE, John Hume | Secretary | 1992-05-06 | 2001-07-01 |
| MCQUILLAN, Pauline Louise | Secretary | 2006-05-08 | 2008-02-21 |
| MUSGROVE, Robert Hugh | Secretary | 2001-07-01 | 2002-11-15 |
| NIVEN, Frances Julie | Secretary | 2003-12-08 | 2005-07-08 |
| PEARCE, Mark Vivian | Secretary | 2002-11-15 | 2003-12-08 |
| RAJU, Pragnaa, Ms. | Secretary | 2021-03-30 | 2022-11-23 |
| RANGER, Molly | Secretary | 2018-02-28 | 2019-02-08 |
| READ, Alice | Secretary | 2005-07-08 | 2006-05-08 |
| WILSON, Larissa | Secretary | 2015-05-26 | 2017-02-03 |
| WOOD, Hollie Rheanna | Secretary | 2010-09-24 | 2013-07-24 |
| YOUSSOUF, Lorna | Secretary | 2017-02-03 | 2017-12-08 |
| BOTTOMLEY, Stephen Andrew | Director | 2004-07-26 | 2007-07-19 |
| BROOKES, Malcolm James | Director | 2003-12-19 | 2011-06-09 |
| BULFORD, Bryan | Director | 2015-06-19 | 2019-04-25 |
| CARNEY, Brian | Director | 2000-04-01 | 2002-12-30 |
| CARTER, Richard Andrew | Director | 2012-11-14 | 2015-06-30 |
| CARVER, Robert Francis | Director | 2012-05-22 | 2014-10-13 |
| DICKINSON, Joanne Marie | Director | 2024-02-21 | 2025-07-31 |
| EVANS, Geoffrey William | Director | — | 1998-03-16 |
| GILMAN, David William | Director | — | 2003-10-31 |
| HARRIS, Christopher David | Director | 1995-03-01 | 1995-06-16 |
| HARRIS, Mark | Director | 2015-12-02 | 2022-12-31 |
| HEWITT, Gavin Paul | Director | 2011-08-11 | 2015-01-23 |
| HOLMES, Timothy Victor | Director | 2004-07-26 | 2005-12-31 |
| HOLMES, Timothy Victor | Director | 1997-04-01 | 2002-12-30 |
| KELL, Christopher Raymond | Director | 2002-12-30 | 2004-07-26 |
| LANE, Robert David | Director | 2002-12-30 | 2004-07-26 |
| LEECH, Ian Robert | Director | 1993-10-20 | 1995-03-01 |
| LELONG, Richard | Director | 2015-06-19 | 2015-09-30 |
| LESTER, Edward Paul | Director | — | 1992-08-05 |
| MCELROY, Robert Ian | Director | 2017-01-25 | 2019-03-29 |
| PICKEN, Graham Edward | Director | — | 2002-12-30 |
| QUINN, Noel Paul | Director | 2007-07-19 | 2011-03-31 |
| QUINN, Noel Paul | Director | 1992-08-05 | 1993-10-20 |
| RAO, Jodi Emma, Ms. | Director | 2019-04-25 | 2023-12-31 |
| RIGBY, Adrian Timothy | Director | 2009-06-09 | 2012-05-22 |
| ROTHBURY, Miles Edward | Director | 2021-03-30 | 2021-06-30 |
| RUSSELL-BROWN, Michael John | Director | 2006-01-01 | 2015-06-02 |
| SIMPSON, Stephen Walter | Director | 1995-03-01 | 1996-01-15 |
| SMITHSON, Keith Victor | Director | 1997-04-01 | 1999-07-30 |
| STEIN, Wallace George William | Director | 1997-04-01 | 2000-03-31 |
| SUBRAMANIAN, Nivedita | Director | 2015-12-02 | 2017-01-25 |
| TURNER, Will | Director | 2023-09-29 | 2024-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hsbc Equipment Finance (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-26 | Active |
Filing timeline
Last 20 of 237 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-07-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-14 | AA | accounts | Accounts with accounts type full | |
| 2024-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-07 | CH01 | officers | Change person director company with change date | |
| 2024-03-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-23 | AA | accounts | Accounts with accounts type full | |
| 2023-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-10-14 | AA | accounts | Accounts with accounts type full | |
| 2022-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-17 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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
—
Not reported
-
Cash
—
Not reported
-
Net assets
+2%
£12,011,794 £12,256,400
-
Employees
—
Not reported
-
Operating profit
+110.3%
-£3,154,647 £326,142
-
Profit before tax
+110.3%
-£3,154,647 £326,142
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