SANTANDER ASSET FINANCE PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-15 (in 10mo)
Last made up 2026-03-01
Watchouts
None on the register
Cash
£0
-100% vs 2023
Net assets
£84M
+6.4% vs 2023
Employees
0
Average over period
Profit before tax
£28M
+77.7% vs 2023
Name history
Renamed 3 times since incorporation
- SANTANDER ASSET FINANCE PLC 2010-08-13 → present
- ALLIANCE & LEICESTER COMMERCIAL FINANCE PLC 2003-07-07 → 2010-08-13
- SOVEREIGN FINANCE PLC 1992-10-01 → 2003-07-07
- SOVEREIGN LEASING PLC 1980-12-08 → 1992-10-01
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 | £5,451,000 | £3,226,000 | |
| Operating profit | £5,097,000 | £2,850,000 | |
| Profit before tax | £15,597,000 | £27,719,000 | |
| Net profit | £11,826,000 | £25,057,000 | |
| Cash | £15,802,000 | £0 | |
| Total assets less current liabilities | — | — | |
| Net assets | £78,988,000 | £84,045,000 | |
| Equity | £78,988,000 | £84,045,000 | |
| 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 |
|---|---|---|---|
| Operating margin | 93.5% | 88.3% | |
| Net margin | 217.0% | 776.7% | |
| Gearing (liabilities / total assets) | 57.0% | 46.2% | |
| Current ratio | 1.23x | 1.73x |
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
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least the period of 12 months from the date the financial statements are authorised for issue. Accordingly, they continue to adopt the going concern basis of accounting in preparing the Annual Report and Financial statements.”
Group structure
- SANTANDER ASSET FINANCE PLC · parent
- A & L CF June (3) Limited 100%
- A & L CF September (4) Limited 100%
- Santander Asset Finance (December) Limited 100%
Significant events
- “On 9 May 2025, the Company received a dividend in specie of £68,466,729 from its subsidiary undertaking Navigator Global Limited, formerly Santander Asset Finance (December) Limited. This eliminated the loan owed by the Company of the same amount on that date.”
- “On 22 May 2025, the Company sold the 100 ordinary shares it held in Navigator Global Limited, formerly Santander Asset Finance (December) Limited, to its parent company, Santander UK plc.”
- “In June 2025, the company sold its leasehold premises in Deansgate, Manchester for £4,000,000. The asset was reported as held for sale at the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SANTANDER SECRETARIAT SERVICES LIMITED | Corporate Secretary | 2012-08-29 | — | — |
| BEAVAN, Sally Helen | Director | 2025-06-18 | May 1975 | British |
| BRAZIER, Paul | Director | 2025-06-18 | Feb 1969 | British |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DUVAL, Michael John | Secretary | — | 1993-01-01 |
| HAWKER, Richard Allen | Secretary | 2007-03-26 | 2011-05-31 |
| HEPPLEWHITE, Julian | Secretary | 1996-11-12 | 1997-06-02 |
| ODELL, Sandra Judith | Secretary | 2006-03-31 | 2007-03-26 |
| SINCLAIR FORD, Ian Andrew | Secretary | 1997-06-02 | 2006-03-31 |
| TAYLOR, Charles Stuart | Secretary | 1993-01-01 | 1996-11-12 |
| ABBEY NATIONAL NOMINEES LIMITED | Corporate Secretary | 2011-05-31 | 2012-08-29 |
| AFFLECK, Stephen David | Director | 2016-09-30 | 2025-06-18 |
| ASHWORTH, Mr George Smith-Salmond | Director | 2017-10-23 | 2019-06-28 |
| BANKS, Richard Lee | Director | 2002-09-02 | 2008-07-07 |
| BANKS, Richard Lee | Director | 1996-11-12 | 2000-08-23 |
| BRIGGS, Andrew Ellis Jack | Director | 2009-03-02 | 2017-10-24 |
| BRITTAIN, Frederick Humphrey | Director | — | 1996-11-12 |
| DUFFY, Anthony Paul | Director | 1998-10-01 | 2001-03-02 |
| EVANS, Martin William | Director | 2000-01-01 | 2017-10-24 |
| GARCIA, Marcelino Castrillo | Director | 2009-03-02 | 2015-05-14 |
| GLOVER, Bryce Paul | Director | 2003-09-24 | 2008-12-04 |
| HINTON, Timothy Giles Sunderland | Director | 2018-11-19 | 2024-11-11 |
| JARDINE, John | Director | 1992-11-30 | 1998-12-31 |
| JONES, Christopher Stanley | Director | 2006-03-20 | 2009-05-16 |
| KONTER, Anna Maria | Director | 2017-10-23 | 2019-07-23 |
| LAYHE, David Jeffrey | Director | 2019-09-17 | 2022-11-25 |
| LEE, Andrew Philip, Mr. | Director | 1996-07-01 | 2000-08-01 |
| MARKS, Norman | Director | 1996-07-01 | 2001-03-30 |
| MORLEY, Colin Richard | Director | 2003-04-01 | 2016-06-30 |
| PATERSON, William Hamilton | Director | 2007-08-03 | 2009-10-23 |
| REINDL, Hayley | Director | 2019-08-05 | 2025-06-18 |
| RHODES, Christopher Stuart | Director | 1996-11-12 | 2000-06-27 |
| ROGERS, Malcolm Courtney | Director | 2008-04-01 | 2008-11-25 |
| ROUGIER, Alan Toby | Director | 2009-03-02 | 2011-07-18 |
| SCHEITHAUER, Peter, Dr | Director | 1993-07-01 | 1996-11-12 |
| SCOTT, Ian Garden | Director | 1991-12-06 | 1997-12-31 |
| SULLIVAN, Christopher Paul | Director | 2017-10-23 | 2018-10-31 |
| SWANN, Andrew Blyth | Director | 1998-09-01 | 2007-04-05 |
| TAYLOR, Charles Stuart | Director | 1991-12-06 | 2002-09-02 |
| TOWERS, Robert Leslie | Director | 2001-03-16 | 2008-04-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Santander Uk Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 544 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-30 MA Memorandum articles
- 2024-01-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-07 | CH01 | officers | Change person director company with change date | |
| 2024-07-03 | AA | accounts | Accounts with accounts type full | |
| 2024-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-30 | MA | incorporation | Memorandum articles | |
| 2024-01-30 | RESOLUTIONS | resolution | Resolution | |
| 2023-08-10 | AA | accounts | Accounts with accounts type full | |
| 2023-08-03 | CH01 | officers | Change person director company with change date | |
| 2023-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-29 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-07 | AA | accounts | Accounts with accounts type full | |
| 2022-03-21 | CH01 | officers | Change person director company with change date | |
| 2022-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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
-40.8%
£5,451,000 £3,226,000
-
Cash
-100%
£15,802,000 £0
-
Net assets
+6.4%
£78,988,000 £84,045,000
-
Employees
—
Not reported
-
Operating profit
-44.1%
£5,097,000 £2,850,000
-
Profit before tax
+77.7%
£15,597,000 £27,719,000
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