PLATFORM FUNDING LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-02-20 (in 9mo)
Last made up 2026-02-06
Watchouts
Cash
—
Latest balance sheet
Net assets
£15M
+4.1% vs 2024
Employees
0
Average over period
Profit before tax
£216K
-30.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The directors intend to liquidate the Company in the foreseeable future and as a result, the financial statements have been prepared on a basis other than going concern. No changes to the carrying values of assets or liabilities have been made as at 31 December 2025, as these are expected to be realised or settled at their carrying values.
Name history
Renamed 2 times since incorporation
- PLATFORM FUNDING LIMITED 1999-09-13 → present
- THE MONEY STORE COMPANY (NO.1) LIMITED 1997-11-20 → 1999-09-13
- INTERCEDE 1280 LIMITED 1997-10-28 → 1997-11-20
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £303,000 | £211,000 | |
| Operating profit | — | — | |
| Profit before tax | £312,000 | £216,000 | |
| Net profit | £316,000 | £592,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £14,592,000 | £15,184,000 | |
| Net assets | £14,592,000 | £15,184,000 | |
| Equity | £14,592,000 | £15,184,000 | |
| 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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Net margin | 104.3% | 280.6% | |
| Gearing (liabilities / total assets) | 0.1% | 0.1% | |
| Current ratio | 730.60x | 760.20x |
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
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The directors intend to liquidate the Company in the foreseeable future and as a result, the financial statements have been prepared on a basis other than going concern. No changes to the carrying values of assets or liabilities have been made as at 31 December 2025, as these are expected to be realised or settled at their carrying values.”
Significant events
- “During the year, the Company became a part of the Coventry Building Society Group (the Group), following the acquisition of the Company's previous ultimate parent, The Co-operative Bank Holdings p.l.c., on 1 January 2025.”
- “The Company sold its remaining mortgage portfolio to the Bank for proceeds equal to its carrying value at the date of sale in 2025.”
- “The directors intend to liquidate the Company in the foreseeable future.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 54 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GREEN, Catherine Elizabeth | Secretary | 2019-02-14 | — | — |
| RAYBOULD, Lee John | Director | 2025-04-01 | Mar 1973 | British |
Show 54 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARCKLESS, Jane Alison | Secretary | 1999-11-01 | 2001-02-12 |
| ARNOLD, Katy Jane | Secretary | 2014-10-22 | 2014-12-19 |
| DEAR, Morton | Secretary | 1997-11-20 | 1999-05-04 |
| GREEN, Robin Sinclair | Secretary | 2002-10-10 | 2006-08-18 |
| HUDSON, Matthew Donald Jeremy | Secretary | 1999-09-14 | 1999-11-01 |
| HYLTON, Rosemarie | Secretary | 2006-08-18 | 2009-03-25 |
| MCKEOWN, Brona Rose | Secretary | 2014-12-19 | 2015-03-30 |
| MILLS, Paul Andrew | Secretary | 2001-02-12 | 2002-10-10 |
| MOSS, Susan | Secretary | 2010-05-20 | 2014-10-21 |
| NIELSEN, Carl Christian | Secretary | 1999-06-24 | 1999-08-24 |
| OWEN, Robert James Holland | Secretary | 2009-03-25 | 2010-05-20 |
| WHITEHEAD, David Clive | Secretary | 2015-03-30 | 2019-02-14 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Secretary | 1999-08-24 | 1999-09-14 |
| MITRE SECRETARIES LIMITED | Corporate Nominee Secretary | 1997-10-28 | 1997-11-20 |
| AITKEN, Stephen | Director | 2017-01-05 | 2017-01-06 |
| ALDERSON, Keith Brian | Director | 2011-04-06 | 2013-06-04 |
| ALTHAM, Richard David | Director | 2009-12-09 | 2010-11-10 |
| BOEHM, Peter Otto | Director | 1997-11-20 | 1998-02-18 |
| BRADY, Gavin Thomas | Director | 1997-11-20 | 1999-03-25 |
| BRITNELL, Louise Jeanette | Director | 2019-09-19 | 2025-03-31 |
| DEAR, Morton | Director | 1997-11-20 | 1999-05-04 |
| GARLICK, Philip Michael | Director | 2011-01-19 | 2013-04-27 |
| GOSLING, Clare Louise | Director | 2012-03-30 | 2015-06-15 |
| GREEN, Peter | Director | 2001-02-12 | 2001-05-16 |
| GREEN, Robin Sinclair | Director | 2001-02-12 | 2007-07-31 |
| GREGORY, Gerald Arthur | Director | 2002-02-11 | 2008-03-31 |
| HIOM, Richard Michael | Director | 2022-07-22 | 2026-04-13 |
| HUGHES, John Richard | Director | 2012-05-15 | 2013-11-11 |
| KATOVSKY, Jon Ian | Director | 2006-01-03 | 2010-03-19 |
| LEE, Phillip Andrew | Director | 2003-10-30 | 2009-10-27 |
| LEWIS, Michael George | Director | 2005-10-21 | 2009-10-27 |
| LILLIE, Ashley John William | Director | 2016-08-18 | 2019-06-30 |
| MAYNOR, James | Director | 1999-08-13 | 1999-08-24 |
| MCCARTHY, David James | Director | 2008-11-26 | 2009-10-27 |
| MILLER, David Michael | Director | 2018-11-06 | 2019-02-01 |
| MILLS, Paul Andrew | Director | 2002-10-10 | 2005-12-20 |
| MUNDY, Daniel | Director | 2015-06-15 | 2017-03-15 |
| NEWBY, William Edward | Director | 2009-10-27 | 2013-06-21 |
| REEVES, Barbara | Nominee Director | 1997-10-28 | 1997-11-20 |
| REIZENSTEIN, Anthony Jonathan | Director | 2009-10-27 | 2010-12-07 |
| RICH, Michael William | Nominee Director | 1997-10-28 | 1997-11-20 |
| RICHARDSON, Caroline Jane | Director | 2017-05-09 | 2018-10-22 |
| RICHARDSON, Neville Brian | Director | 2001-02-12 | 2002-02-11 |
| ROWAN, John Laidlaw | Director | 2009-11-19 | 2010-10-22 |
| RUSSELL, Andrew Nicholas | Director | 2011-01-19 | 2011-11-30 |
| SLAPE, Nicholas Stuart | Director | 2019-02-25 | 2022-07-22 |
| TEMPLETON, William Steven | Director | 1997-11-20 | 1999-08-13 |
| TURTLETAUB, Marc Jay | Director | 1997-11-20 | 1999-05-21 |
| TWEEDY, David | Director | 2001-02-12 | 2012-05-15 |
| WILSON, Alan Christopher | Director | 2013-07-24 | 2016-07-31 |
| WILSON, Paul Antony | Director | 2011-01-20 | 2011-01-20 |
| WODARSKI, Lawrence | Director | 1998-10-23 | 1999-08-24 |
| PCSL SERVICES NO. 1 LIMITED | Corporate Director | 1999-08-23 | 2009-10-27 |
| PCSL SERVICES NO.2 LIMITED | Corporate Director | 1999-08-23 | 2009-10-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Co-Operative Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 219 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-10 | AA | accounts | Accounts with accounts type full | |
| 2026-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-27 | AA | accounts | Accounts with accounts type full | |
| 2025-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-22 | CH03 | officers | Change person secretary company with change date | |
| 2024-08-22 | CH01 | officers | Change person director company with change date | |
| 2024-08-22 | CH01 | officers | Change person director company with change date | |
| 2024-06-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-06-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-05-04 | AA | accounts | Accounts with accounts type full | |
| 2024-03-12 | CH03 | officers | Change person secretary company with change date | |
| 2024-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-24 | AA | accounts | Accounts with accounts type full | |
| 2023-02-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-02 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-04 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
-30.4%
£303,000 £211,000
-
Cash
—
Not reported
-
Net assets
+4.1%
£14,592,000 £15,184,000
-
Employees
—
Not reported
-
Profit before tax
-30.8%
£312,000 £216,000
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