BLACK HORSE GROUP LIMITED

1. BLACK HORSE GROUP LIMITED 2005-10-26 → present
2. CHARTERED TRUST GROUP LIMITED 2003-03-11 → 2005-10-26
3. CHARTERED TRUST GROUP PLC 1992-12-21 → 2003-03-11
4. SCIMITAR CANADIAN AMERICAN GAS FUND PLC 1990-05-03 → 1992-12-21

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

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.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte 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 12 months from the date of approval of the accounts. ... Having consulted on these, the Directors conclude that it is appropriate to continue to adopt the going concern basis in preparing the annual financial statements.”

Group structure

1. BLACK HORSE GROUP LIMITED · parent
   1. Black Horse Limited 100% · England and Wales · Financial services
   2. Heidi Finance Holdings (UK) Limited 100% · England and Wales · Dormant
   3. London Taxi Finance Limited 100% · England and Wales · Non-trading
   4. Black Horse (TRF) Limited 100% · England and Wales · Non-trading
   5. Hyundai Car Finance Limited 100% · England and Wales · Non-trading
   6. Shogun Finance Limited 100% · England and Wales · Instalment credit
   7. Suzuki Financial Services Limited 51% · England and Wales · Instalment credit
   8. International Motors Finance Limited 51% · England and Wales · Instalment credit
   9. Lotus Finance Limited 100% · England and Wales · Non-trading
   10. A G Finance Limited 100% · England and Wales · Non-trading
   11. Proton Finance Limited 99.995% · England and Wales · Non-trading

Significant events

• “A subsidiary, Black Horse Limited, recognised a £324,000,000 provision in 2023 for the potential impact of the FCA review into historical motor finance commission arrangements and sales. A further £616,000,000 provision was recognised in Q4 2024 related to motor finance commission arrangements, in light of Court of Appeal decisions in Wrench, Johnson and Hopcraft ("WJH") in October 2024, which goes beyond the scope of the original FCA motor finance commission review.”
• “On 3 February 2025, the Company allotted 398,000,000 ordinary shares of £1.00 each to its immediate parent company Lloyds Bank Asset Finance Limited in an exchange for receipt of £398,000,000.”
• “On 3 February 2025, the Company purchased 1,680,000,000 new ordinary shares of £0.25 each from its direct subsidiary Black Horse Limited in an exchange for payment of £420,000,000.”
• “On 25 March 2025, the Company purchased 4,999 ordinary shares in Hyundai Car Finance Limited of £1.00 each from Heidi Finance Holdings (UK) Limited for £1.00.”
• “During June 2025, the Company completed the following share capital injections: £125,000 into A G Finance Limited, £572,000 into Black Horse (TRF) Limited, £386,000 into Hyundai Car Finance Limited and £127,000 into London Taxi Finance Limited.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  0%

  £512,552,000 → £512,424,000

• Employees

  —

  Not reported

• Profit before tax

  -100.6%

  £22,716,000 → -£128,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers