UK Companies House feature
PROPEL FINANCE PLC
Profile
- Company number
- 04015132
- Status
- Active
- Incorporation
- 2000-06-15
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64910
- Hubs
- UK Fintech
Accounts
Pending extraction
No iXBRL extracted yet for this company.
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared on the assumption that the group is a going concern and will continue in operation for the foreseeable future. In making this assessment the Board has considered predominantly, but not exclusively, the group's closing net asset position, the FY 25-28 business plan, access to credit markets and recent covenant performance.”
Significant events
- “In the post balance sheet period we have further materially expanded our funding capacity through:- concluding on an initial £500m Committed Forward Flow facility with Barclays; concluding on a new £75m wholesale facility with Bank of America ("BofA"); concluding on a new £55m 'TopCo' mezzanine facility with Castlelake LP ("CL") which on funding replaces in whole the equivalent facility with Quilam Capital Ltd ("Quilam")”
- “Subsequent to the year end, the company has fully repaid the block discounting facilities with Mitsubishi HC Capital UK PLC and Aldermore Bank PLC as part of its ongoing management of funding capacity and liquidity.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
5 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NATION, Catrin | Secretary | 2020-01-23 | — | — |
| CATTON, Mark | Director | 2018-10-05 | May 1966 | British |
| MCDOUGALL, Richard James | Director | 2014-07-03 | Jan 1980 | British |
| MCNEILL, Edward Hugh | Director | 2014-07-03 | Apr 1978 | British |
| WILLIAMS, Anne | Director | 2018-10-05 | May 1961 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURN, Mark | Secretary | 2014-11-25 | 2018-08-31 |
| DOBSON, Philip | Secretary | 2003-04-30 | 2004-11-09 |
| FELMAN, Matthew David | Secretary | 2006-11-22 | 2014-11-25 |
| HARVEY, Elizabeth Naomi | Secretary | 2004-11-09 | 2006-11-22 |
| ROSS, Sally | Secretary | 2000-06-15 | 2003-04-30 |
| TWEED, Mark Allan | Secretary | 2018-10-05 | 2020-01-23 |
| SEVERNSIDE SECRETARIAL LIMITED | Corporate Nominee Secretary | 2000-06-15 | 2000-06-15 |
| BURN, Mark | Director | 2014-11-25 | 2018-08-31 |
| CROOK, Mark Bryan | Director | 2000-06-15 | 2019-10-11 |
| ROSS, Howard Francis | Director | 2000-06-15 | 2018-08-03 |
| TWEED, Mark Allan | Director | 2018-10-05 | 2026-03-13 |
| SEVERNSIDE NOMINEES LIMITED | Corporate Nominee Director | 2000-06-15 | 2000-06-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cabot Square Capital Gp Iv Llp | Corporate entity | Appoints directors | 2016-06-30 | Active |
| Cabot Square Capital Llp | Corporate entity | Appoints directors | 2016-06-30 | Active |
| Propel Group Finance Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 154 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-20 | AD03 | address | move registers to sail company with new address |
| 2026-04-20 | AD02 | address | change sail address company with new address |
| 2026-03-17 | TM01 | officers | termination director company with name termination date |
| 2025-10-30 | CH01 | officers | change person director company with change date |
| 2025-06-23 | AA | accounts | accounts with accounts type full |
| 2025-06-20 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-06-13 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-05-29 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-05-27 | MR05 | mortgage | mortgage charge whole release with charge number |
| 2025-05-06 | MR04 | mortgage | mortgage satisfy charge full |
| 2024-09-24 | CC04 | change-of-constitution | statement of companys objects |
| 2024-09-21 | MA | incorporation | memorandum articles |
| 2024-09-21 | RESOLUTIONS | resolution | resolution |
| 2024-08-29 | MR04 | mortgage | mortgage satisfy charge full |
| 2024-07-03 | AA | accounts | accounts with accounts type full |
| 2024-06-11 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-07-08 | AA | accounts | accounts with accounts type full |
| 2023-06-21 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-08-16 | MA | incorporation | memorandum articles |
| 2022-08-16 | RESOLUTIONS | resolution | resolution |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Credit score requires extracted accounts data.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory
Activity Score not yet computed for this company.