ALPHA PARTNERS LEASING LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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.”

Group structure

1. ALPHA PARTNERS LEASING LIMITED · parent
   1. Alpha Leasing Limited 100% · England · Holding company
   2. Alpha Leasing (No. 4) Limited 100% · England · Holding company
   3. Alpha Leasing (No.9) Limited 100% · England · Holding company
   4. Alpha Leasing (No.10) Limited 100% · England · Holding company
   5. Alpha Leasing (No.11) Limited 100% · England · Holding company
   6. Alpha Leasing (No.12) Limited 100% · England · Holding company
   7. Alpha Leasing (No. 14) Limited 100% · England · Holding company
   8. Omega Leasing Limited 100% · England · Leasing of aero engines
   9. Omega Leasing (No.4) Limited 100% · England · Leasing of aero engines
   10. Rolls-Royce & Partners Finance Limited 100% · England · Leasing of aero engines
   11. Rolls-Royce Engine Leasing (Labuan) Limited 100% · Malaysia · Leasing of aero engines
   12. RRPF Engine Leasing (Tianjin) Limited 100% · China · Leasing of aero engines
   13. RRPF Asset Management Services Limited 100% · England · Aero engine lease management services
   14. Aether Asset Management Services Limited 100% · 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 and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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