CLYDESDALE FINANCIAL SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-15 (in 9mo)
Last made up 2026-02-01
Watchouts
Cash
£73M
-41.9% vs 2023
Net assets
£137M
+42.5% vs 2023
Employees
0
Average over period
Profit before tax
-£162M
-76.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- CLYDESDALE FINANCIAL SERVICES LIMITED 1994-03-28 → present
- PINDLETON LIMITED 1994-02-23 → 1994-03-28
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 | — | — | |
| Profit before tax | -£91,809,000 | -£162,238,000 | |
| Net profit | -£70,301,000 | -£123,461,000 | |
| Cash | £125,165,000 | £72,767,000 | |
| Total assets less current liabilities | £1,175,221,000 | £614,613,000 | |
| Net assets | £96,389,000 | £137,381,000 | |
| Equity | £96,389,000 | £137,381,000 | |
| 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 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 96.3% | 92.0% | |
| Current ratio | 1.10x | 1.07x |
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
- UK-adopted international accounting standards
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After evaluating the Company's business activities, financial position, capital, factors likely to affect its future development and performance, and its objectives and policies in managing the financial risks to which it is exposed, for at least the next 12 months from the date of signing these financial statements, the Company will be reliant on Barclays PLC to meet its liabilities as they fall due for that period. Barclays PLC has indicated its intention to continue to make available funds as needed by the Company for the period covered by the forecasts. Therefore, the Directors are satisfied that the Company has adequate access to resources to enable it to meet its obligations and to continue in operational existence for the foreseeable future.”
Significant events
- “During 2023, the Company announced a significant change in its business strategy where they have paused the onboarding of new retail partners, and now only provides new loans through a small number of its existing partners. The Company continued this strategy throughout 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 52 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARCOSEC LIMITED | Corporate Secretary | 2003-05-19 | — | — |
| CHAPPLE, Louisa Fern | Director | 2024-01-01 | Sep 1982 | British |
| DAVIES, Julian Richard | Director | 2019-09-13 | Oct 1971 | British |
| MURPHY, Simon Paul | Director | 2024-05-29 | Nov 1978 | British |
| STEPHEN, Antony | Director | 2022-01-23 | Feb 1973 | American |
Show 52 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARKER, Jack | Secretary | 1994-03-09 | 1994-03-22 |
| BULLOCH, Gaynor Carruthers | Secretary | 2001-04-26 | 2011-05-13 |
| DOWDELLS, Stephen | Secretary | 1999-11-25 | 2001-01-25 |
| DWYER, Daniel John | Nominee Secretary | 1994-02-23 | 1994-03-09 |
| PHILLIPS, Elissa Leah | Secretary | 1994-03-22 | 1994-03-28 |
| PHILLIPS, Elissa Leah | Secretary | 1994-03-22 | 1999-11-25 |
| TJG SECRETARIES LIMITED | Corporate Secretary | 2001-01-25 | 2003-05-19 |
| ASHTON, Helen Jane | Director | 2008-04-29 | 2009-02-13 |
| ASTBURY, Mark Harvey Ayrton | Director | 1994-04-28 | 1996-06-04 |
| BANKS, Richard David William | Director | 2001-01-25 | 2004-05-28 |
| BARKER, Jack | Director | 1994-03-09 | 1994-03-22 |
| BRITTON, Michael John | Director | 2015-05-28 | 2018-10-31 |
| CALLISON, Ann | Director | 2021-02-09 | 2023-06-30 |
| CAMPBELL, Ian Peter | Director | 1994-03-22 | 1996-06-04 |
| CARLIER, Tim | Director | 2006-11-13 | 2007-06-21 |
| CROOK, Peter Stuart | Director | 2003-05-19 | 2005-03-01 |
| DAVIES, Richard Llewellyn | Director | 2005-09-22 | 2007-01-31 |
| DAVIS, Gregory Richard | Director | 2020-09-21 | 2021-02-26 |
| DENHOLM, Ronald | Director | 2011-03-17 | 2016-02-29 |
| DOYLE, Betty June | Nominee Director | 1994-02-23 | 1994-03-09 |
| DUDANI, Anjli | Director | 2011-07-04 | 2014-08-05 |
| DWYER, Daniel John | Nominee Director | 1994-02-23 | 1994-03-09 |
| EVANS, Alan Guy | Director | 2001-01-25 | 2009-07-17 |
| FAIRBANK, Stephen | Director | 1994-03-22 | 1996-06-04 |
| FRANK, Karen Ann | Director | 2020-04-09 | 2020-06-01 |
| GRIMES, Michael Leonard Julian | Director | 1994-03-09 | 1994-03-22 |
| GRIVE, Kean | Director | 2014-10-08 | 2015-05-07 |
| HASAN, Syed Naseerul | Director | 2020-08-07 | 2021-02-15 |
| HESS, Curt John | Director | 2009-06-04 | 2010-01-18 |
| HOWELLS, Marc Richard | Director | 2007-07-05 | 2008-03-06 |
| JONES, Malcolm Vaughan | Director | 2015-06-18 | 2018-03-23 |
| JONES, Samuel Robert | Director | 2001-01-25 | 2004-11-23 |
| KEENS, David Wilson | Director | 1999-11-25 | 2001-01-25 |
| KELLING, Konrad Xavier | Director | 2017-07-31 | 2019-12-08 |
| KENDALL, Ian Peter Wheeler | Director | 1994-03-22 | 1994-04-22 |
| MAYNARD, Kenneth William | Director | 1996-03-04 | 1998-10-23 |
| MCDONALD, Ian | Director | 2001-06-01 | 2004-05-25 |
| MCHUGH, Philip Christopher | Director | 2010-03-26 | 2010-07-05 |
| MEIKLE, Wendy Mary | Director | 2006-11-13 | 2007-10-15 |
| MILLER, Susanne | Director | 2010-06-25 | 2015-02-27 |
| MURRAY, Craig William | Director | 1996-02-01 | 2010-02-08 |
| NEWBERY, Mark | Director | 2023-03-03 | 2024-04-23 |
| NOBLE, Paul | Director | 2009-08-06 | 2011-07-04 |
| O'DONOVAN, Sarah-Jayne | Director | 2016-01-20 | 2019-12-08 |
| PAGE, Marc Stephen | Director | 2021-05-07 | 2023-11-30 |
| PHILLIPS, Elissa Leah | Director | 1994-03-25 | 1997-02-23 |
| RADLEY, Neil Andrew | Director | 2009-06-04 | 2011-03-17 |
| SOMMERS, Richard Francis | Director | 2004-01-26 | 2005-04-12 |
| THOMSON, William Robert | Director | 2006-11-13 | 2009-01-09 |
| TURNER, Paul Gerard | Director | 2005-06-22 | 2006-06-30 |
| WHITE, Jeff | Director | 2001-11-05 | 2004-06-11 |
| WOOD, Christopher Mark | Director | 2018-12-18 | 2019-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Barclays Principal Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-05-16 | Active |
| Carnegie Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2025-05-16 |
Filing timeline
Last 20 of 237 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-10-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-23 | SH01 | capital | Capital allotment shares | |
| 2025-05-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-13 | AA | accounts | Accounts with accounts type full | |
| 2025-02-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-03 | SH01 | capital | Capital allotment shares | |
| 2024-06-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-13 | AA | accounts | Accounts with accounts type full | |
| 2024-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-13 | CH01 | officers | Change person director company with change date | |
| 2024-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-23 | AA | accounts | Accounts with accounts type full | |
| 2023-07-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-10 | SH01 | capital | Capital allotment shares | |
| 2022-10-07 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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
—
Not reported
-
Cash
-41.9%
£125,165,000 £72,767,000
-
Net assets
+42.5%
£96,389,000 £137,381,000
-
Employees
—
Not reported
-
Profit before tax
-76.7%
-£91,809,000 -£162,238,000
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