PERMANENT FUNDING (NO. 1) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-08 (in 2mo)
Last made up 2025-06-24
Watchouts
Cash
£2M
-0.9% vs 2023
Net assets
£2M
-0.9% vs 2023
Employees
0
Average over period
Profit before tax
-£18K
+25% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As described in the Future developments section, the Directors intend to place the Company into liquidation as soon as it is feasible. Therefore, these financial statements have been prepared on a basis other than going concern.
Name history
Renamed 1 time since incorporation
- PERMANENT FUNDING (NO. 1) LIMITED 2002-03-21 → present
- ALNERY NO. 2225 LIMITED 2001-08-09 → 2002-03-21
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£24,000 | -£18,000 | |
| Profit before tax | -£24,000 | -£18,000 | |
| Net profit | -£24,000 | -£18,000 | |
| Cash | £1,947,000 | £1,929,000 | |
| Total assets less current liabilities | £1,906,000 | £1,888,000 | |
| Net assets | £1,906,000 | £1,888,000 | |
| Equity | £1,906,000 | £1,888,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -1.3% | -1.0% | |
| Gearing (liabilities / total assets) | 2.1% | 2.1% | |
| Current ratio | 47.49x | 47.05x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As described in the Future developments section, the Directors intend to place the Company into liquidation as soon as it is feasible. Therefore, these financial statements have been prepared on a basis other than going concern.”
Significant events
- “During 2023, the Company ceased to be party to the Permanent transaction and the Directors are of the intention that the Company will be liquidated as soon as it is practicable.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (LONDON) LIMITED | Corporate Secretary | 2002-03-18 | — | — |
| WHITAKER, Paivi Helena | Director | 2023-02-01 | Jan 1963 | Finnish |
| CSC DIRECTORS (NO.3) LIMITED | Corporate Director | 2002-03-18 | — | — |
| CSC DIRECTORS (NO.4) LIMITED | Corporate Director | 2002-03-18 | — | — |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALNERY INCORPORATIONS NO 1 LIMITED | Corporate Nominee Secretary | 2001-08-09 | 2002-03-18 |
| BALAI, David | Director | 2002-03-18 | 2009-10-29 |
| JAFFE, Daniel Marc Richard | Director | 2018-07-20 | 2023-02-01 |
| STEWART, Ian Gordon | Director | 2012-03-21 | 2016-12-09 |
| WALLACE, Claudia Ann | Director | 2016-12-09 | 2018-07-20 |
| WALLACE, Claudia Ann | Director | 2009-10-29 | 2012-03-21 |
| ALNERY INCORPORATIONS NO 1 LIMITED | Corporate Nominee Director | 2001-08-09 | 2002-03-18 |
| ALNERY INCORPORATIONS NO 2 LIMITED | Corporate Nominee Director | 2001-08-09 | 2002-03-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Permanent Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 128 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2025-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-24 | CH01 | officers | Change person director company with change date | |
| 2025-04-24 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-24 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-24 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-04-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-13 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-12-13 | CH02 | officers | Change corporate director company with change date | |
| 2024-12-13 | CH02 | officers | Change corporate director company with change date | |
| 2024-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-17 | AA | accounts | Accounts with accounts type full | |
| 2023-07-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-23 | CH01 | officers | Change person director company with change date | |
| 2023-06-10 | AA | accounts | Accounts with accounts type full | |
| 2023-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-27 | AA | accounts | Accounts with accounts type full | |
| 2022-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
-0.9%
£1,947,000 £1,929,000
-
Net assets
-0.9%
£1,906,000 £1,888,000
-
Employees
—
Not reported
-
Operating profit
+25%
-£24,000 -£18,000
-
Profit before tax
+25%
-£24,000 -£18,000
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