SNOWDON FINANCIAL LIMITED

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

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Bishop Fleming Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have concluded that the financial statements should be prepared on a going concern basis. The directors have assessed this basis with reference to external factors and deemed it to be reasonable. In particular, as noted in the Strategic Report, the group financial statements include a significant provision in relation to redress that is payable by the group. The directors do not expect redress of this magnitude to re-occur in future years and excluding the redress the underlying operations of the group are positive and the group is profitable.”

Significant events

• “In March 2024 the Group had voluntarily agreed with the FCA to abstain from accepting new business, whilst it consolidates recent acquisitions and embeds essential business oversight functions with our new client management framework designed to enhance client service. The FCA also required that a Skilled Persons Review was commissioned and the resulting report identified areas where the payment of redress to clients may be appropriate. The total group provision representing the estimated amount of redress payable at 31 March 2025 amounts to £13,106,203, including interest but net of recoverable VAT. Of this sum £nil is attributable to this company.”
• “Turnover and gross profit in 2025 decreased by 100% compared with 2024 which was driven by business moving from Snowdon Financial Limited into other group entities.”

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

Filings

2

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

  —

  Not reported

• Cash

  -12.5%

  £20,952 → £18,340

• Net assets

  -11.1%

  £21,705 → £19,301

• Employees

  0%

  2 → 2

• Profit before tax

  +28.9%

  -£3,383 → -£2,404

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers