SME INVOICE FINANCE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-10 (in 2mo)
Last made up 2025-06-26
Watchouts
None on the register
Cash
£3M
-27% vs 2023
Net assets
£19M
+10.8% vs 2023
Employees
46
-6.1% vs 2023
Profit before tax
£2M
-18.8% vs 2023
Name history
Renamed 2 times since incorporation
- SME INVOICE FINANCE LIMITED 2000-02-22 → present
- MILLENNIUM INVOICE FINANCE LIMITED 1999-08-17 → 2000-02-22
- VIDEOGATE LIMITED 1998-07-01 → 1999-08-17
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 | £2,813,000 | £2,284,000 | |
| Profit before tax | £2,813,000 | £2,284,000 | |
| Net profit | £2,330,000 | £1,711,000 | |
| Cash | £4,074,000 | £2,975,000 | |
| Total assets less current liabilities | £16,816,000 | £18,527,000 | |
| Net assets | £16,816,000 | £18,627,000 | |
| Equity | £16,816,000 | £18,627,000 | |
| Average employees | 49 | 46 | |
| Wages | £2,699,000 | £2,542,000 |
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 |
|---|---|---|---|
| Return on capital employed | 16.7% | 12.3% | |
| Gearing (liabilities / total assets) | 84.2% | 86.6% | |
| Current ratio | 1.17x | 1.14x | |
| Interest cover | 0.59x | 0.33x |
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
- Affirmed
“The Directors, having made such enquiries as they consider appropriate, have prepared the financial statements on a going concern basis. The Company receives all of its resources from Metro Bank PLC from which it funds lending, and the Directors of Metro Bank PLC have continued to assert that they are prepared to support the Company on an ongoing basis therefore there is no issue over the going concern of the Company. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- SME INVOICE FINANCE LIMITED · parent
- SME Asset Finance Limited 100%
- RDM Factors Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FRUMKIN, Daniel Sweeney | Director | 2020-01-01 | Jun 1964 | British,American |
| PAGE, Marc Stephen | Director | 2024-10-15 | Dec 1973 | British |
| VEARES, Andy | Director | 2024-06-05 | Mar 1963 | British |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FAIRLEY, Francis John David | Secretary | 2000-01-10 | 2000-02-28 |
| HOGG, Valerie Rosalind | Secretary | 1998-07-26 | 2000-01-10 |
| SAYERS, Steven | Secretary | 2002-01-24 | 2013-07-31 |
| CARGIL MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2000-02-28 | 2002-01-24 |
| SECRETARIAL APPOINTMENTS LIMITED | Corporate Nominee Secretary | 1998-07-01 | 1998-07-26 |
| ALBA OCHOA, Cristina | Director | 2024-03-12 | 2024-10-15 |
| ARDEN, David Thomas | Director | 2018-03-29 | 2022-02-15 |
| BRIERLEY, Michael Charles | Director | 2013-07-31 | 2018-03-29 |
| DONALDSON, Craig Francis | Director | 2013-07-31 | 2019-12-31 |
| FAIRLEY, Francis John David | Director | 2000-01-10 | 2000-10-17 |
| GLYN, James | Director | 2010-10-05 | 2013-07-31 |
| GLYN, Stuart | Director | 2000-01-10 | 2013-07-31 |
| HOGG, David | Director | 1998-07-26 | 2014-05-31 |
| HOGG, Valerie Rosalind | Director | 1998-07-26 | 2000-01-10 |
| HOPKINSON, James William Alistair, Mr. | Director | 2022-09-21 | 2024-01-12 |
| LEES, Richard | Director | 2022-02-25 | 2022-09-21 |
| O'BRIEN, Thomas Francis | Director | 2000-01-10 | 2013-07-31 |
| OAKLEY, Jason Sam | Director | 2013-07-31 | 2015-05-31 |
| PATEL, Mahesh Shivabhai | Director | 2000-01-10 | 2013-07-31 |
| SAULET, Richard Dominic | Director | 2015-09-28 | 2018-03-29 |
| SAYERS, Steven | Director | 2001-09-28 | 2013-07-31 |
| STOKES, Mark Andrew | Director | 2018-03-29 | 2020-04-30 |
| WALTERS, Ian | Director | 2020-05-28 | 2024-03-31 |
| WESTWELL, Graham | Director | 2000-03-09 | 2013-07-31 |
| WILDE, John Martin Anthony | Director | 2000-01-10 | 2013-07-31 |
| CORPORATE APPOINTMENTS LIMITED | Corporate Nominee Director | 1998-07-01 | 1998-07-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Metro Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 163 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | CH01 | officers | Change person director company with change date | |
| 2025-08-27 | AA | accounts | Accounts with accounts type full | |
| 2025-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-08-21 | CH01 | officers | Change person director company with change date | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-17 | AA | accounts | Accounts with accounts type full | |
| 2023-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-19 | CH01 | officers | Change person director company with change date | |
| 2022-10-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-09-27 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-27 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-18 | AA | accounts | Accounts with accounts type full | |
| 2022-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
—
Not reported
-
Cash
-27%
£4,074,000 £2,975,000
-
Net assets
+10.8%
£16,816,000 £18,627,000
-
Employees
-6.1%
49 46
-
Operating profit
-18.8%
£2,813,000 £2,284,000
-
Profit before tax
-18.8%
£2,813,000 £2,284,000
-
Wages
-5.8%
£2,699,000 £2,542,000
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