BELRON FINANCE LIMITED

1. BELRON FINANCE LIMITED 2008-09-24 → present
2. BELRON U.K LIMITED 2001-03-29 → 2008-09-24
3. DIBELCO U.K. LIMITED 1999-11-12 → 2001-03-29
4. CASTFIELD LIMITED 1999-09-21 → 1999-11-12

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

FRS 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons: As detailed in note 11, at 31 December 2024 the Company had loans due to group undertakings of €5,421m that are contractually repayable on demand. Belron UK Finance Plc and Safelite Group Inc have indicated that they do not intend to seek repayment of the amounts currently due of €3,941m and €1,480m respectively, during the going concern assessment period. As the Company is dependent on interest and dividend income from other group companies, the financial statements have also been prepared on a going concern basis in view of the fact that the parent undertaking, Belron Group SCA has formally indicated its present intention to provide sufficient funding to the Company to enable it to meet its liabilities as they fall due, for at least the next twelve months from the date of signing these financial statements.”

Group structure

1. BELRON FINANCE LIMITED · parent
   1. Belron International Limited 100% · England & Wales
   2. Belron UK Finance plc 100% · England & Wales
   3. Belron Ops S.à.r.l 100% · Luxembourg
   4. Belron Canada Inc 100% · Canada
   5. Carglass SAS 100% · France
   6. Milton Park Developments (Egham) Holdings Limited 100% · England & Wales
   7. Belron Finance Issuer Limited 100% · England & Wales
   8. Belron Finance US LLC 100% · USA
   9. Carglass-Autoglass BV 100% · Netherlands
   10. Belron GmbH 100% · Germany
   11. Cristalbreak S.L.U. 100% · Spain
   12. Belron Hedgeco One Limited 100% · England & Wales
   13. Belron Hedgeco Two Limited 100% · England & Wales
   14. Belron Hedgeco Three Limited 100% · England & Wales
   15. Belron Limited Partnership 99.99% · England & Wales
   16. Carglass Limited 100% · Ireland
   17. Co Sec Number 4 Limited 100% · England & Wales
   18. Belron Auto Holdings Ireland Limited 100% · Ireland

Significant events

• “On 18 March 2024, the Company paid a dividend of €205.0 million to its parent, Belron Reserveco Limited.”
• “On 17 April 2024, the Company repaid loans of €447.7 million and €616.4 million from Carglass SAS.”
• “On 17 June 2024, Carglass NV transferred its loan receivable of €182.9 million to Carglass SAS. Subsequently on, 9 September 2024, the Company repaid the loan liability from Carglass SAS.”
• “In September 2024, the Group undertook a significant corporate reorganisation aimed at streamlining its ownership structure. On 2 September 2024, the Company acquired 100% of the share capital of Belron Ops S.à.r.l. from Belron Reserveco Limited in exchange for shares in the Company with a nominal value of €17,332.1 million. Also on 2 September 2024, the Company reduced its share capital by €17,314.8 million by decreasing the nominal value of each issued ordinary share of €1,000 to €1.00. On the same day, the Company paid a dividends of €18,691,825.0 million to its parent, Belron Reserveco Limited.”
• “As part of a broader refinancing initiative, on 16 October 2024, the Company entered into three loan agreements with Belron UK Finance plc (i) borrowing €2,050.0 million (repayable on 16 October 2031) (ii) borrowing €850.0 million (repayable on 16 October 2029) and (iii) borrowing $1,115.0 million (repayable on 16 October 2029). Then on 17 October 2024, the Company entered into a new loan agreement with Safelite Group, Inc borrowing $1,532.8 million (repayable on 17 October 2031), and two new loan agreements with Belron Hedgeco Three Limited (i) borrowing €80.1.7 million (repayable on 17 October 2034) and (ii) borrowing €80.0 million (repayable on 17 October 2034). Also on 16 October 2024, the Company made early repayments of loans totalling $1,575.5 million, $865.7 million and €840.0 million to Belron Finance Issuer Limited.”
• “On 17 December 2024, the Company paid a dividend of €10.0 million to its parent, Belron Reserveco Limited.”

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

Filings

9

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  +55.8%

  £139,188,627 → £216,828,190

• Net assets

  +590.1%

  £358,120,666 → £2,471,327,150

• Employees

  —

  Not reported

• Operating profit

  +31.3%

  -£4,444,348 → -£3,052,184

• Profit before tax

  +2,212.2%

  £149,461,685 → £3,455,927,531

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