GE MONEY SERVICING LIMITED

1. GE MONEY SERVICING LIMITED 2005-10-03 → present
2. IGROUP SERVICING LIMITED 1999-12-10 → 2005-10-03
3. FIRSTLINE SERVICING LIMITED 1999-10-11 → 1999-12-10

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

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have performed a review of the company's investments in group undertakings as at 31 December 2024. This has resulted in the value of its investments in its subsidiaries being written down by £nil million (2023: £2.1 million). Going concern. The company has net assets of £192.4 million as at 31 December 2024 (2023: £279.0 million) and a profit for the year of £13.4 million (2023: £9.2 million). Based on this position the financial statements have been prepared on a going concern basis which the directors consider to be appropriate. The directors have performed a going concern assessment for a period of 12 months from the date of approval of these financial statements, also considering events reasonably foreseeable beyond this horizon, which indicates that, and in light of the company's ability to access the group's cash pool facility if required, the company will have sufficient funds to meet its liabilities as they fall due for that period. The directors are confident that the company will have sufficient funds to continue in operational existence for at least 12 months from the date of approval of these financial statements and they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. GE MONEY SERVICING LIMITED · parent
   1. GE Money Secured Loans Limited 100% · United Kingdom
   2. GE Money Home Finance Limited 100% · United Kingdom
   3. GE Money Mortgages Limited 100% · United Kingdom
   4. GE Money Consumer Lending Limited 100% · United Kingdom

Significant events

• “On 3 November 2021 General Electric Company (GE) announced that it would form three global listed companies that are intended to be an independent and focus on the aerospace, healthcare, and energy segments. On 3 January 2023, GE completed the separation of its healthcare business into an independent publicly traded company, GE HealthCare Technologies Inc. (GE HealthCare), and on 2 April 2024, GE completed the separation of its GE Vernova business into an independent publicly traded company, GE Vernova, Inc. (GE Vernova). As a consequence of the operations, the company is part of GE Aerospace.”
• “During 2010, the group loan portfolio companies disposed of their remaining mortgage assets. The directors of the group portfolio companies do not intend to acquire a replacement trade and plan to place the group loan portfolio companies into liquidation as soon as practically possible.”
• “On 18 July 2025, the company's wholly-owned and indirect subsidiary undertakings were placed into Members Voluntary Liquidation. The company received funds from these subsidiary undertakings as dividends before they entered Members Voluntary Liquidation, and to the extent that any liabilities arise in the subsidiary undertakings going forward the company would expect to stand behind such liabilities.”
• “The cash distributions received amounted to £13.8 million, whereby £13.7 million treated as returns of investment and the remaining as dividend income.”
• “Dividend paid of £100,000,000 (2023: nil) per ordinary share”

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

Filings

6

last 12 months

Capital events

0

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

  +4.6%

  £2,589,000 → £2,707,000

• Cash

  -93.1%

  £72,000 → £5,000

• Net assets

  -31%

  £279,048,000 → £192,411,000

• Employees

  0%

  1 → 1

• Operating profit

  -6,200%

  £5,000 → -£305,000

• Profit before tax

  +45.8%

  £9,164,000 → £13,363,000

• Wages

  -23.9%

  £238,000 → £181,000

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