ALPHA PARTNERS LEASING LIMITED

Company number

04133746

Status

Active

Incorporation

2000-12-28

Last accounts made up

2024-12-31

Account category

GROUP

Primary SIC

64910

Hubs

UK Fintech

Accounting basis

FRS 102

Reporting scope

Consolidated (group)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have considered the application of the going concern basis of accounting and believe that, for the foreseeable future (which accounting standards require to be at least a year from the date of approval of these Financial Statements), the Group will have adequate resources to meet its liabilities as they fall due. In making this assessment, the Directors have considered the cash generation arising from current and future lease income receivables against the creditors and loan repayments necessary within one year from signing these financial statements in combination with the Group's undrawn revolving credit facility of $600,000,000 (2023: $450,000,000) which remains available throughout the going concern period. The Directors have also considered the Group's ability to remain compliant with its loan covenants during this period. The Directors therefore have reasonable expectations that the Group is well placed to manage business risks and to continue in operational existence for the foreseeable future (which accounting standards require to be at least a year from the date of approval of these Financial Statements) and have not identified any material uncertainties to the Group's ability to do so. See note 2 for further details.”

Subsidiaries

• Alpha Leasing Limited · 100% held · England · Holding company
• Alpha Leasing (No. 4) Limited · 100% held · England · Holding company
• Alpha Leasing (No.9) Limited · 100% held · England · Holding company
• Alpha Leasing (No.10) Limited · 100% held · England · Holding company
• Alpha Leasing (No.11) Limited · 100% held · England · Holding company
• Alpha Leasing (No.12) Limited · 100% held · England · Holding company
• Alpha Leasing (No. 14) Limited · 100% held · England · Holding company
• Omega Leasing Limited · 100% held · England · Leasing of aero engines
• Omega Leasing (No.4) Limited · 100% held · England · Leasing of aero engines
• Rolls-Royce & Partners Finance Limited · 100% held · England · Leasing of aero engines
• Rolls-Royce Engine Leasing (Labuan) Limited · 100% held · Malaysia · Leasing of aero engines
• RRPF Engine Leasing (Tianjin) Limited · 100% held · China · Leasing of aero engines
• RRPF Asset Management Services Limited · 100% held · England · Aero engine lease management services
• Aether Asset Management Services Limited · 100% held · England · Aero engine lease management services

Significant events

• “Subsequent to the balance sheet date, on 27 February 2025, Alpha Partners Leasing Limited completed the acquisition of 80% of ordinary shares of Beta One Holding Limited and 90% of ordinary shares of Hyphen Holdings Limited, increasing its interests to 100% from 20% and 10% respectively, and providing Alpha Partners Leasing Limited control over Beta One Holding Limited, Hyphen Holdings Limited and their subsidiaries. Beta One Holding Limited, Hyphen Holdings Limited and their subsidiaries became consolidated subsidiaries of Alpha Partners Leasing Limited on this date, having been accounted for previously as equity method investments.”
• “In April 2025, $80,000,000 of bank borrowings due by the Group was extended to a new term date of October 2025. The Group also issued loan notes of $265,000,000 subsequent to the balance sheet date with maturity dates between 2027 and 2032. Additionally, the revolving credit facility has been extended by a further year to 28 June 2028.”

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