PREMIUM CREDIT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-19 (in 10mo)
Last made up 2026-03-05
Watchouts
Cash
£71M
+37.7% vs 2023
Net assets
£303M
-27.9% vs 2023
Employees
538
+11.4% vs 2023
Profit before tax
£90M
+45.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- PREMIUM CREDIT LIMITED 1988-07-08 → present
- BEAMSHIP LIMITED 1986-04-29 → 1988-07-08
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 | £143,219,000 | £184,891,000 | |
| Operating profit | £61,582,000 | £89,936,000 | |
| Profit before tax | £61,641,000 | £89,786,000 | |
| Net profit | £56,160,000 | £78,350,000 | |
| Cash | £51,204,000 | £70,505,000 | |
| Total assets less current liabilities | £423,829,000 | £304,921,000 | |
| Net assets | £420,477,000 | £303,099,000 | |
| Equity | £420,477,000 | £303,099,000 | |
| Average employees | 483 | 538 | |
| Wages | £28,342,000 | £35,397,000 |
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 |
|---|---|---|---|
| Operating margin | 43.0% | 48.6% | |
| Net margin | 39.2% | 42.4% | |
| Return on capital employed | 14.5% | 29.5% | |
| Gearing (liabilities / total assets) | 83.4% | 88.4% | |
| Current ratio | 1.19x | 1.12x | |
| Interest cover | 285.10x | 365.59x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors assessed the Company's ability to continue as a going concern for a period of at least 12 months and are satisfied it has sufficient resources. They are not aware of any material uncertainties that may cast significant doubt upon the Company's ability to continue as a going concern. The financial statements are prepared on a going concern basis.”
Significant events
- “The Company is monitoring developments in respect of a Court of Appeal Judgement on 25 October 2024 that upheld an appeal against two motor finance providers in relation to historical commission arrangements.”
- “The shares in the Company were distributed from Pomegranate Midco Limited to Platinum Credit Bidco Limited on 21 January 2025.”
- “In January 2025, the ITN and VFN facilities were extended for another 3 years, to 2028, increasing in size to £1,076 million. In February 2025, the Securitisation Facility was extended for another 3 years, to 2028, increasing in size to £125 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 60 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANNYS, Elizabeth Sarah | Secretary | 2018-11-29 | — | — |
| CHAPMAN, Andrew Phillip | Director | 2019-01-03 | Nov 1969 | British |
| EGAN, Scott | Director | 2022-11-09 | Apr 1971 | British |
| KNOLL, Joseph | Director | 2022-11-09 | Oct 1978 | American |
| LUMELLEAU, John Lawrence | Director | 2022-11-09 | Jun 1951 | American |
| SKIBNEVSKIY, Nikolay Romanovich | Director | 2024-04-19 | Jun 1993 | Israeli |
| SORENSON, Kory Beth | Director | 2022-11-09 | Dec 1968 | British |
| WAITE, Tara Jane | Director | 2019-09-23 | Feb 1975 | Irish |
Show 60 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CUTLER, Charleen | Secretary | 2017-07-31 | 2018-11-29 |
| FENWICK, Stephen Timothy | Secretary | 2003-02-11 | 2004-01-27 |
| FITZPATRICK, Jasan | Secretary | 2014-05-07 | 2017-07-31 |
| HENDER, David John | Secretary | 1996-08-22 | 2002-07-17 |
| LEDSAM, Charles Edmund Royden | Secretary | — | 1996-08-22 |
| MULHOLLAND, Alyson Elizabeth | Secretary | 2008-01-01 | 2012-10-31 |
| PUMFREY, Donna Wendy | Secretary | 2005-04-01 | 2008-01-01 |
| RUSSELL, Robin | Secretary | 2004-01-27 | 2005-04-01 |
| ALLAN, Robert Andrew | Director | 2006-01-31 | 2012-10-31 |
| BARNES, Annette Marie | Director | 2008-07-22 | 2010-08-13 |
| BECKETT, Sharon Patricia | Director | 1998-01-01 | 2004-01-27 |
| BURKE, Christopher Stephen | Director | 2015-03-05 | 2019-10-31 |
| CATTERALL, Peter Anthony Colin | Director | 2015-02-27 | 2022-11-09 |
| COBB, Michael Harold | Director | 1995-01-01 | 2001-11-29 |
| COHEN, Aaron Douglas | Director | 2012-10-31 | 2015-02-27 |
| CRAIG, Ian Ashley | Director | 2008-07-22 | 2012-10-31 |
| CREWE, Maxim Devin | Director | 2015-02-27 | 2022-11-09 |
| DE ANGELO, Salvatore Andrew | Director | 2004-01-27 | 2006-01-31 |
| DOMAN, Andrew Spencer | Director | 2012-10-31 | 2015-12-17 |
| FLYNN, Shane Grahame | Director | 2004-03-26 | 2006-01-31 |
| FRY, Robert Michael | Director | 2000-10-20 | 2001-03-09 |
| GARROD, Kenneth | Director | 2001-12-06 | 2007-02-01 |
| GREENE, Michele Sylvia | Director | 2006-01-31 | 2012-10-31 |
| HENDER, David John | Director | 1998-01-01 | 2002-07-17 |
| HENDER, William Thomas | Director | 1993-01-04 | 1998-12-31 |
| HOLLANDER, Michael Staren | Director | 2012-10-31 | 2015-02-27 |
| HOPE, Anthony Philip | Director | 1993-04-01 | 1996-08-22 |
| HUNTER, Rebecca Helen | Director | 2022-02-08 | 2022-11-09 |
| JOHNSON, Michele Ann | Director | 1998-01-01 | 2004-01-27 |
| KEOGH, Colin Denis | Director | 2015-10-28 | 2022-11-09 |
| KISNADWALA, Nayan Vithaldas | Director | 2015-07-22 | 2018-06-18 |
| KRULAK, Charles | Director | 2004-01-27 | 2004-03-19 |
| MORAN, Simon John | Director | 2019-07-05 | 2022-11-09 |
| MORAN, Simon John | Director | 2008-07-22 | 2012-10-31 |
| MORAN, Simon John | Director | 1999-01-22 | 2004-01-27 |
| NA, Victor Ho-Yeong | Director | 2022-11-09 | 2024-03-28 |
| O'DOHERTY, Ian | Director | 2007-10-09 | 2012-10-31 |
| OTENASEK, Francis Heath | Director | 2004-01-27 | 2004-01-27 |
| PEARCE, Nicholas Charles William | Director | 2012-10-31 | 2013-10-31 |
| PEARCE, Nicholas Charles William | Director | 2007-03-06 | 2012-10-31 |
| PEARCE, Nicholas Charles | Director | 1999-01-22 | 2004-01-27 |
| POWERS-FREELING, Laurel Claire | Director | 2012-12-07 | 2015-10-28 |
| PUMFREY, Donna Wendy | Director | 2007-03-06 | 2009-12-15 |
| PUTTERGILL, Graham Fraser | Director | 2000-07-03 | 2005-08-19 |
| REEVE, John | Director | 2012-12-07 | 2019-10-31 |
| RHODES, Michael | Director | 2006-01-31 | 2007-10-01 |
| RINGROSE, Colin Alan | Director | 1992-07-16 | 2002-10-31 |
| ROBINSON, Stephen Roger | Director | 2000-10-20 | 2004-01-27 |
| ROCHE, Collin Edward | Director | 2012-10-31 | 2015-02-27 |
| RUSSELL, Robin | Director | 2004-01-27 | 2005-04-01 |
| SANTOSPIRITO, Anthony | Director | 2015-02-27 | 2022-02-08 |
| SIMPSON, Mary Patricia | Director | 1998-01-01 | 2004-01-27 |
| STOFFBERG, Leon Du Toit | Director | 1996-08-22 | 2001-11-21 |
| STOFFBERG, Leon Du Toit | Director | — | 1994-12-30 |
| STRUTHERS, Richard Kenneth | Director | 2004-01-27 | 2006-01-31 |
| WHITTAKER, Clyde Robert | Director | 1999-01-22 | 2004-01-27 |
| WHITTICK, Derek | Director | 1997-01-02 | 2000-12-29 |
| WHITTICK, Derek | Director | — | 1996-08-22 |
| WOOLGROVE, Thomas | Director | 2016-01-11 | 2019-06-07 |
| YOUNG, David Thomas Mcaree | Director | 2016-01-11 | 2023-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Platinum Credit Bidco Limited | Corporate entity | Shares 75–100% | 2025-01-23 | Active |
| Pomegranate Midco Limited | Corporate entity | Shares 75–100% | 2024-08-15 | Ceased 2025-01-23 |
| Vendcrown Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2024-08-15 |
Filing timeline
Last 20 of 307 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-01-27 MA Memorandum articles
- 2023-01-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-06 | AA | accounts | Accounts with accounts type full | |
| 2025-07-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-06-11 | AA | accounts | Accounts with accounts type full | |
| 2024-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-21 | AA | accounts | Accounts with accounts type full | |
| 2023-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-27 | MA | incorporation | Memorandum articles | |
| 2023-01-27 | RESOLUTIONS | resolution | Resolution | |
| 2023-01-20 | CH01 | officers | Change person director company with change date | |
| 2022-11-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-22 | 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 2024-12-31 vs 2023-12-31
-
Turnover
+29.1%
£143,219,000 £184,891,000
-
Cash
+37.7%
£51,204,000 £70,505,000
-
Net assets
-27.9%
£420,477,000 £303,099,000
-
Employees
+11.4%
483 538
-
Operating profit
+46%
£61,582,000 £89,936,000
-
Profit before tax
+45.7%
£61,641,000 £89,786,000
-
Wages
+24.9%
£28,342,000 £35,397,000
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