LONDON FORFAITING COMPANY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-29 (this month)
Last made up 2025-05-15
Watchouts
None on the register
Cash
744,733
-98.1% vs 2023
Net assets
79,711,565
-32.1% vs 2023
Employees
—
Average over period
Profit before tax
10,998,836
-2.9% vs 2023
Name history
Renamed 2 times since incorporation
- LONDON FORFAITING COMPANY LIMITED 2003-11-11 → present
- LONDON FORFAITING COMPANY PLC 1984-03-29 → 2003-11-11
- ELTONLAND LIMITED 1983-06-22 → 1984-03-29
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 | £37,345,112 | £37,930,385 | |
| Operating profit | £27,915,750 | £28,717,204 | |
| Profit before tax | £11,332,596 | £10,998,836 | |
| Net profit | £8,637,444 | £8,241,152 | |
| Cash | £39,377,343 | £744,733 | |
| Total assets less current liabilities | — | — | |
| Net assets | £117,470,413 | £79,711,565 | |
| Equity | £117,470,413 | £79,711,565 | |
| Average employees | — | — | |
| Wages | £5,625,393 | £4,876,952 |
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 | 74.8% | 75.7% | |
| Net margin | 23.1% | 21.7% | |
| Gearing (liabilities / total assets) | 71.7% | 71.4% | |
| Current ratio | 1.39x | 1.40x | |
| Interest cover | 1.68x | 1.62x |
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
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors confirm the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the Company to continue as a going concern.”
Group structure
- LONDON FORFAITING COMPANY LIMITED · parent
- London Forfaiting International Limited 100%
- London Forfaiting Americas Inc. 100%
- London Forfaiting do Brasil Ltda. 100%
Significant events
- “2024 has been a challenging year for trade and trade finance, with modest growth in global goods trade as markets stabilized from COVID-19 and the Russia-Ukraine conflict, while assessing impacts of Middle East conflict.”
- “New U.S. sanctions targeting Russia's allies and increased trade flows between Russia and its supportive nations continue to complexify the sanctions environment.”
- “Increased trade tariffs from all developed nations have put pressure on maintaining current trade flow volumes.”
- “Financial institutions are preparing for Basel 4 (Basel 3.1 in the UK), with the implementation date pushed back to January 1, 2027.”
- “Cash Dividends Distributed: USD 6,000,000. Capital Return: 40,000,000 shares at USD 1 each.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RAMZAN, William | Secretary | 2009-10-23 | — | — |
| ABBOUCHI, Samer | Director | 2024-04-24 | May 1982 | Lebanese |
| BAKALLI, Teuta | Director | 2025-01-02 | Jun 1971 | British |
| GRECH, John Carmel, Dr | Director | 2016-05-09 | Aug 1948 | Maltese |
| LALANI, Hussain Abdul Aziz | Director | 2019-07-18 | Aug 1975 | Pakistani |
| LAY, Simon Jethro | Director | 2024-08-27 | Sep 1957 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BONADIES, Raffaella Maria Rosaria, Dr | Secretary | 2007-02-12 | 2009-10-23 |
| DEEGAN, Jayne | Secretary | 2001-11-23 | 2002-02-12 |
| ELLINGTON, Geraldine Mary | Secretary | 2002-02-12 | 2005-04-07 |
| ELLINGTON, Geraldine Mary | Secretary | 1993-09-02 | 1997-07-11 |
| LUTSCHG EMMENEGGER, Margrith | Secretary | 2005-04-07 | 2007-02-12 |
| PALMER, Martin Trevor Digby | Secretary | 1997-07-11 | 2001-11-23 |
| SAVVIDES, Marios | Secretary | — | 1993-09-02 |
| AL SALEH, Najeeb Hamad Musaad | Director | 2003-08-29 | 2012-05-20 |
| AL-AJEEL, Majed Essa Ahmed | Director | 2015-08-03 | 2023-05-04 |
| BUCKLEY, Peter Neville | Director | — | 1993-04-20 |
| BURGESS, David Patrick Henry | Director | — | 2003-09-24 |
| CHAUHAN, Arun Pratap | Director | 2003-09-02 | 2005-04-26 |
| DAVENPORT, Michael | Director | 1996-04-24 | 2003-09-12 |
| FEKIH AHMED, Mohamed, Mr. | Director | 2014-04-23 | 2023-05-04 |
| FREEMAN, Andrew Thomas Menzies | Director | 2003-09-15 | 2005-12-31 |
| FROST, Robert James | Director | 2015-08-03 | 2019-07-02 |
| HARDMAN, Blaise Noel Anthony | Director | 1993-04-20 | 1996-04-24 |
| JOHNS, Michael Charles | Director | — | 2001-05-31 |
| KNIGHT, Tony | Director | 2011-04-01 | 2016-02-09 |
| KNIGHT, Tony | Director | 2011-01-01 | 2011-01-01 |
| LAY, Simon Jethro, Mr. | Director | 2006-01-01 | 2016-05-09 |
| LAY, Simon Jethro | Director | 1997-09-09 | 2003-08-29 |
| LILLEY, David Richard | Director | 1997-09-09 | 2003-08-29 |
| LOUHAB, Mohammed | Director | 2023-05-04 | 2024-08-01 |
| LUCAS, Ian David | Director | 2011-04-01 | 2016-02-09 |
| LUCAS, Ian David | Director | 2011-01-01 | 2011-01-01 |
| LUTSCHG EMMENEGGER, Margrith | Director | 2003-08-29 | 2015-01-15 |
| OOI, Boon Aun | Director | 1994-02-25 | 1999-01-25 |
| PAPADOPOULOS, Victor Nicou | Director | — | 2000-06-30 |
| PAPOUTES, Efstathios Aristotelous | Director | — | 2003-08-29 |
| PRETECEILLE, Raphael Jean-Marc | Director | — | 2000-06-30 |
| ROTHWELL, Stephen | Director | 1996-09-10 | 2000-06-30 |
| ROY, Claude Lucien Joseph | Director | 2003-08-29 | 2005-04-26 |
| SAMANI, Pravin Popatlal | Director | — | 2003-08-29 |
| SCHUMACHER, Erich | Director | 2023-05-04 | 2024-04-24 |
| WEST, Mark Andrew | Director | — | 2000-06-30 |
| WILSON, Jack (John) Arnold Gustafson | Director | — | 2003-08-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fimbank Plc | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 324 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-21 | AA | accounts | Accounts with accounts type group | |
| 2025-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-22 | AA | accounts | Accounts with accounts type group | |
| 2024-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-29 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-05-29 | SH20 | capital | Legacy | |
| 2024-05-29 | CAP-SS | insolvency | Legacy | |
| 2024-05-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-06 | SH01 | capital | Capital allotment shares | |
| 2023-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-19 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 2
- 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
+1.6%
£37,345,112 £37,930,385
-
Cash
-98.1%
£39,377,343 £744,733
-
Net assets
-32.1%
£117,470,413 £79,711,565
-
Employees
—
Not reported
-
Operating profit
+2.9%
£27,915,750 £28,717,204
-
Profit before tax
-2.9%
£11,332,596 £10,998,836
-
Wages
-13.3%
£5,625,393 £4,876,952
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