SOUTHERN PACIFIC MORTGAGE LIMITED
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Next accounts due
2025-11-30
Overdue
Confirmation statement due
2026-06-10 (in 1mo)
Last made up 2025-05-27
Watchouts
Cash
£44M
-19.3% vs 2022
Net assets
£29M
+6.5% vs 2022
Employees
2
0% vs 2022
Profit before tax
£6M
+1,441.6% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-11-30.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · latest reflected 2023-11-30
| Metric | Trend | 2021-11-30 | 2022-11-30 | 2023-11-30 |
|---|---|---|---|---|
| Turnover | — | £16,080,000 | £26,765,000 | |
| Operating profit | — | — | — | |
| Profit before tax | — | £363,000 | £5,596,000 | |
| Net profit | — | £145,000 | £5,066,000 | |
| Cash | — | £54,121,000 | £43,666,000 | |
| Total assets less current liabilities | — | £290,204,000 | £210,290,000 | |
| Net assets | — | £26,827,000 | £28,559,000 | |
| Equity | £29,682,000 | £26,827,000 | £28,559,000 | |
| Average employees | — | 2 | 2 | |
| Wages | — | £246,000 | £241,000 |
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 | 2021-11-30 | 2022-11-30 | 2023-11-30 |
|---|---|---|---|---|
| Net margin | — | 0.9% | 18.9% | |
| Gearing (liabilities / total assets) | — | 94.1% | 92.9% | |
| Current ratio | — | 1.11x | 1.17x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Given the solvent net asset position of the Group and the sufficient cash that it currently holds and availability of resources for the Company, the Directors consider that the Group and the Company will be able to continue in operational existence for a period for a period up to 30 November 2026 and therefore it is appropriate to prepare the financial statements on a going concern basis.”
Group structure
- SOUTHERN PACIFIC MORTGAGE LIMITED · parent
- Southern Pacific Securities 06-1 plc
- Eurosail 2006-3NC plc
- Eurosail 2006-4NP plc
- Eurosail-UK 2007-1 NC plc
- EMF-UK 2008-1 plc
- Southern Pacific Financing 05-B plc
- Southern Pacific Financing 06-A plc
Significant events
- “During 2024 the Company declared and paid dividends of £2,176,735.”
- “On 8 February 2024 the Company reduced the share capital of the Company from £7,750,572 to £250,000 by cancelling and extinguishing 7,500,572 ordinary shares with a nominal value of £1.00 each in the capital of the Company.”
- “On 9 August 2024, the previous immediate parent company of the Company, Mable Commercial Funding Limited (in administration) sold its holding in the Company to Southern Pacific Holdings Limited.”
- “On 2 April 2008, the Company announced a suspension of its mortgage origination activities.”
- “On 15 September 2008, the previous ultimate parent company Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRANDON, Lee Christopher | Director | 2010-06-17 | Jan 1953 | British |
| MINES, Anthony James | Director | 2024-08-22 | Apr 1974 | British |
| SMUTS, Melgard-Jo | Director | 2024-08-22 | Sep 1977 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GUY, Bernard A | Secretary | 1997-01-10 | 1998-02-01 |
| OLIVER, Wendy Beth | Secretary | 1998-02-01 | 1999-08-01 |
| PALMER, Gary | Secretary | 1996-11-26 | 1997-01-07 |
| AQUIS SECRETARIES LIMITED | Corporate Secretary | 1996-11-26 | 2003-10-31 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Secretary | 2003-10-31 | 2010-09-19 |
| S&A SECRETARIES LIMITED | Corporate Secretary | 1996-10-15 | 1996-11-26 |
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2010-09-19 | 2011-02-24 |
| AITKEN, Stuart Gilbert | Director | 1997-10-13 | 2006-04-26 |
| ATTIA, Amany | Director | 2008-03-28 | 2010-06-17 |
| BILSBOROUGH, William C | Director | 2005-09-23 | 2008-03-27 |
| CHAMBERS, Paul Stuart | Director | 2007-05-08 | 2009-10-14 |
| CHERRY, William Edward | Director | 1996-10-15 | 2005-09-23 |
| DAVIES, Angela Sarah Mary | Director | 2000-03-16 | 2005-06-30 |
| FRASER, George Mclennan | Director | 2002-09-25 | 2005-11-23 |
| GIBB, Dominic Iain | Director | 2006-05-05 | 2007-07-25 |
| GUY, Bernard A | Director | 1996-11-26 | 1998-02-01 |
| HAYES, Kevin James Patrick | Director | 2003-09-22 | 2005-11-23 |
| HINSHELWOOD, Wallace Simon Duthie | Director | 2006-06-01 | 2008-03-17 |
| HOWARD, Robert | Director | 1996-11-26 | 1998-11-24 |
| IGNATIUS, Mark | Director | 2007-05-08 | 2007-05-08 |
| KEEBLE, Anthony John | Director | 2005-01-31 | 2005-11-23 |
| LEASK, Melanie Joan | Director | 2005-01-31 | 2005-11-23 |
| MCHUGH, Gerald Martin | Director | 2006-04-26 | 2008-07-31 |
| PALMER, Gary | Director | 1996-11-26 | 1997-01-07 |
| PRUST, John Matthew | Director | 1997-01-10 | 2007-02-23 |
| RUPP, Christopher Gordon | Director | 2006-02-09 | 2008-03-17 |
| TOWNSEND, Andrew Christopher | Director | 2000-08-07 | 2004-10-12 |
| WALTON, James George | Director | 2003-12-19 | 2003-12-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Southern Pacific Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-08-09 | Active |
| Mable Commercial Funding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-22 | Ceased 2024-08-09 |
| Resetfan Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-02-22 |
Filing timeline
Last 20 of 238 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-04 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-01-27 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-08-07 | AA | accounts | Accounts with accounts type group | |
| 2025-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-15 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-01-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-08-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-13 | AA | accounts | Accounts with accounts type group | |
| 2024-02-14 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-02-14 | SH20 | capital | Legacy | |
| 2024-02-14 | CAP-SS | insolvency | Legacy | |
| 2024-02-14 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-24 | AA | accounts | Accounts with accounts type group | |
| 2022-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-02 | AA | accounts | Accounts with accounts type group |
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
FY2022 → FY2023 · period ending 2023-11-30 vs 2022-11-30
-
Turnover
+66.4%
£16,080,000 £26,765,000
-
Cash
-19.3%
£54,121,000 £43,666,000
-
Net assets
+6.5%
£26,827,000 £28,559,000
-
Employees
0%
2 2
-
Profit before tax
+1,441.6%
£363,000 £5,596,000
-
Wages
-2%
£246,000 £241,000
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