CREATION FINANCIAL SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-14 (in 2mo)
Last made up 2025-06-30
Watchouts
None on the register
Cash
£83M
-57% vs 2023
Net assets
£62M
+28.4% vs 2023
Employees
780
+4.8% vs 2023
Profit before tax
£7M
-38% vs 2023
Name history
Renamed 2 times since incorporation
- CREATION FINANCIAL SERVICES LIMITED 1998-09-07 → present
- SEARS FINANCIAL SERVICES LIMITED 1985-05-01 → 1998-09-07
- SELFRIDGES FINANCE LIMITED 1973-01-23 → 1985-05-01
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 | £10,833,000 | £6,714,000 | |
| Profit before tax | £10,833,000 | £6,714,000 | |
| Net profit | £10,041,000 | £5,124,000 | |
| Cash | £193,590,000 | £83,321,000 | |
| Total assets less current liabilities | £3,275,339,000 | £3,584,497,000 | |
| Net assets | £48,400,000 | £62,125,000 | |
| Equity | £48,400,000 | £62,125,000 | |
| Average employees | 744 | 780 | |
| Wages | £35,649,000 | £38,152,000 |
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 |
|---|---|---|---|
| Return on capital employed | 0.3% | 0.2% | |
| Gearing (liabilities / total assets) | 98.5% | 98.3% | |
| Current ratio | 12.76x | 8.49x | |
| Interest cover | 0.08x | 0.04x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are satisfied that the financial statements have been prepared on a going concern basis taking into account the following: The Company meets its day-to-day working capital requirements through its cash reserves and internal borrowings provided from companies within the BNP Paribas SA Group as required. The directors have made the assumption that the shareholder will continue to fund, based upon the existing funding agreement frameworks in place. Further information on the Company's borrowings is given in notes 12 and 20. The Company have considered the current economic conditions including but not limited to the 'cost of living crisis', inflation levels and interest rates and the Company's forecasts and projections, taking account of reasonably possible changes in trading performance, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- CREATION FINANCIAL SERVICES LIMITED · parent
- Creation Consumer Finance Limited 100%
Significant events
- “The Company is in the process of winding down its credit card operations and, as such, no significant future business developments are expected.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 62 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARSON, David Maurice | Secretary | 2016-04-01 | — | — |
| HUNT, Stephen Andrew Robert | Director | 2006-05-01 | Feb 1967 | British |
| MOORTHY, Lakshmi Krishna | Director | 2021-10-01 | Dec 1973 | British |
| PARAUD, Ethel | Director | 2021-10-01 | Aug 1968 | French |
| RAYNAUD, Anais | Director | 2023-10-25 | Jun 1978 | French |
| REDFERNE, Mike | Director | 2023-06-30 | Nov 1959 | British |
Show 62 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CAVELIER, Benoit Stephane | Secretary | 1999-07-08 | 2001-07-06 |
| ELWELL, Karen Marie | Secretary | — | 1999-02-23 |
| HOLMES, Robert David | Secretary | 2004-07-06 | 2008-05-09 |
| MCCULLOGH, John Stewart | Secretary | 1999-07-08 | 2016-03-31 |
| MCCULLOGH, John Stewart | Secretary | 1994-07-14 | 1999-02-23 |
| PHILLIPS, Suzanne | Secretary | 2001-06-01 | 2004-06-21 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Secretary | 1999-02-23 | 1999-07-08 |
| ALLMEY, Deborah Jane | Director | — | 1999-07-08 |
| ANTIGLIO, Xavier | Director | 2016-04-01 | 2017-12-19 |
| BONNAFE, Jean-Laurent | Director | 1999-02-23 | 2001-07-26 |
| BURGI, Andre Jacques | Director | 1999-02-23 | 2004-06-21 |
| BURTON, James Anthony | Director | 2002-06-01 | 2003-05-31 |
| CABACA, Antonio Miguel | Director | 2018-12-19 | 2021-03-01 |
| CAMBLIN, Jean-Louis | Director | 1999-02-23 | 2003-06-01 |
| CAMPAGNE IBARCQ, Jacques | Director | 2004-06-21 | 2006-01-11 |
| CAVELIER, Benoit Patrice Stephane, Monsieur | Director | 2015-02-16 | 2018-06-26 |
| CHANAVAS, Jean Michel Albert | Director | 2004-06-21 | 2009-09-18 |
| CHARLES, Jean Pierre | Director | 2022-05-05 | 2023-05-31 |
| CHARLES, Jean Pierre | Director | 2004-06-21 | 2015-02-16 |
| CHAURAND, Gerard | Director | 1999-02-23 | 2001-06-28 |
| CHESHIRE, Ian | Director | 1995-05-12 | 1998-05-29 |
| CICALA, Raffaele | Director | 2011-09-23 | 2012-07-04 |
| CLARKE, Rachel Louise | Director | 1996-02-01 | 1996-12-16 |
| D'HALLUIN, Benoit | Director | 2009-09-18 | 2011-09-23 |
| DARRIEU, Jean | Director | 2003-06-01 | 2011-12-31 |
| DE KORVER, Marc | Director | 2019-03-14 | 2022-02-18 |
| DEAKIN, Tony | Director | 2015-02-16 | 2016-05-12 |
| DECLA, Patrick | Director | 1999-02-23 | 2001-06-28 |
| DEFTY, David Andrew | Director | 1994-02-18 | 1995-07-30 |
| DILLY, Benoit Claude, Monsieur | Director | 2015-02-16 | 2017-12-19 |
| DOUCET, Rebecca | Director | 2011-09-23 | 2015-02-16 |
| DOUGLAS-JONES, Keith | Director | — | 1994-08-12 |
| ELLIOTT, Paul Andrew | Director | 2006-05-01 | 2007-01-01 |
| ELWELL, Karen Marie | Director | 1994-02-28 | 1999-02-23 |
| FAVRE, Martin Francois Lazare | Director | 2019-06-17 | 2022-01-11 |
| GRANGER, Jean Yves | Director | 2004-06-21 | 2009-01-05 |
| GRIFFIN, Marielle Laure | Director | 2017-12-19 | 2021-10-01 |
| HUNT, Stephen Andrew Robert | Director | 1997-05-19 | 1999-07-08 |
| JILLINGS, Peter Ronald | Director | 1994-02-28 | 1994-04-25 |
| KEAYS, Helen Margaret | Director | 1995-04-18 | 1996-06-30 |
| KIMBERLEY, Roger James | Director | 1994-02-28 | 1999-02-23 |
| KING, Martyn Paul | Director | 1994-02-28 | 1995-05-05 |
| LORY, Chantal Denise Marie Josephe | Director | 2004-06-21 | 2009-02-28 |
| LOVERING, John David | Director | — | 1993-01-27 |
| MCCULLOUGH, David John | Director | 1995-10-09 | 1998-04-01 |
| PHILIPPIN, Michel Rene | Director | 2009-09-18 | 2011-09-23 |
| PHILIPPIN, Michel Rene | Director | 1999-02-23 | 2004-06-21 |
| PHILLIPS, Suzanne | Director | 1998-07-01 | 1999-07-08 |
| REFFAY, Philippe Andre Rene | Director | 2009-01-05 | 2015-02-16 |
| RENNISON, Gordon | Director | 1998-07-06 | 1999-07-08 |
| SANDERSON, John, Dr | Director | 1996-11-11 | 1998-05-15 |
| SCHMOLL, Laurent Gerard | Director | 1999-02-23 | 2004-06-21 |
| SNYMAN, Johannes Jacobus | Director | 2017-03-31 | 2020-08-31 |
| STRONG, Liam Gerald | Director | 1992-01-08 | 1997-05-30 |
| TRAISNEL, Solange Magali Josiane, Mlle | Director | 2013-01-30 | 2015-02-16 |
| UPPAL, Jetinder Singh | Director | 2015-02-16 | 2018-12-19 |
| VAN GROENENDAEL, Alain Carmelo, Monsieur | Director | 2015-02-16 | 2015-08-20 |
| VARLET, Jean-Francois | Director | 1999-02-23 | 2001-06-28 |
| VERSTRAETEN, Anne Marie Odile Albertine | Director | 2018-06-01 | 2020-02-20 |
| VERVENNE, Bart | Director | 2023-06-28 | 2025-04-25 |
| WILLIAMS, Terry Ivan | Director | — | 1994-02-08 |
| ZEITOUN, Gilles | Director | 2017-12-19 | 2018-12-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Alpha Credit S A | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-31 | Active |
| Bnp Paribas Personal Finance S A | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2023-03-31 |
Filing timeline
Last 20 of 269 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-11-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-28 | AA | accounts | Accounts with accounts type full | |
| 2025-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-24 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-31 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-07-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-04-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-11-09 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2022-11-09 | SH20 | capital | Legacy | |
| 2022-11-09 | CAP-SS | insolvency | Legacy | |
| 2022-11-09 | RESOLUTIONS | resolution | Resolution | |
| 2022-10-03 | AA | accounts | Accounts with accounts type full | |
| 2022-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates |
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 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
-57%
£193,590,000 £83,321,000
-
Net assets
+28.4%
£48,400,000 £62,125,000
-
Employees
+4.8%
744 780
-
Operating profit
-38%
£10,833,000 £6,714,000
-
Profit before tax
-38%
£10,833,000 £6,714,000
-
Wages
+7%
£35,649,000 £38,152,000
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