UK Companies House feature
PERMANENT MASTER ISSUER PLC
Profile
- Company number
- 05922774
- Status
- Active
- Incorporation
- 2006-09-01
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Accounts
Pending extraction
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at 31 December 2024, the Company is showing a net assets position in the financial statements. The Company has continued to perform in line with the Programme Documentation. There are certain rating and non-rating triggers included in the Programme Documentation as referred in the KPI section of the Strategic report and explained in the note on Management of risk (note 10). In the course of their regular monitoring of these KPIs and review of risk, the Directors are confident that these triggers remain un-breached and will remain so for the period of at least twelve months from when the financial statements are authorised for issue. The Directors have also considered the credit enhancement features of the transaction and the limited recourse nature of the issued notes. ... For this reason, the Directors continue to adopt the going concern basis in preparing the financial statements for a period of at least 12 months from the date of this report.”
Significant events
- “During the year £1,000,000,000 (2023: £1,198,000,000) of Notes were settled on their expected payment dates following the settlement of the equivalent amount on the Loans to Funding company, and during the year £700,000,000 (2023: £2,750,000,000) of Notes were issued.”
- “In January 2025, the maturity date of certain debt securities due to mature in 2025 was extended to 2033, meaning that the associated Loans to funding company would now be classed as non-current.”
- “In January 2025, the call date and the step-up date for the 2015-1 class 1A4 have been extended to July 2033 and 2038 respectively from October 2025 while the note margin (both pre and post step-up) has been reduced to 0.85% from 0.90%. The call date and the step-up date for the 2018-1 class 1A3 have been extended to July 2029 and 2034 respectively from April 2025, while the note margin (both pre and post-step-up) has been reduced to 0.55% from 0.70%. This is considered as a non-adjusting event.”
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
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (LONDON) LIMITED | Corporate Secretary | 2006-09-01 | — | — |
| WHITAKER, Paivi Helena | Director | 2023-02-01 | Jan 1963 | Finnish |
| CSC DIRECTORS (NO.3) LIMITED | Corporate Director | 2006-09-01 | — | — |
| CSC DIRECTORS (NO.4) LIMITED | Corporate Director | 2006-09-01 | — | — |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALAI, David | Director | 2006-09-01 | 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 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sfm Corporate Services Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2016-04-06 |
| Permanent Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 107 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-08-29 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-07-07 | AA | accounts | accounts with accounts type full |
| 2025-04-25 | CH01 | officers | change person director company with change date |
| 2025-04-25 | CH02 | officers | change corporate director company with change date |
| 2025-04-25 | CH02 | officers | change corporate director company with change date |
| 2025-04-25 | CH04 | officers | change corporate secretary company with change date |
| 2025-04-25 | 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 |
| 2024-12-12 | CH02 | officers | change corporate director company with change date |
| 2024-12-12 | CH04 | officers | change corporate secretary company with change date |
| 2024-12-12 | CH02 | officers | change corporate director company with change date |
| 2024-09-02 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-06-17 | AA | accounts | accounts with accounts type full |
| 2023-09-01 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-06-10 | AA | accounts | accounts with accounts type full |
| 2023-04-19 | CH01 | officers | change person director company with change date |
| 2023-02-10 | AP01 | officers | appoint person director company with name date |
| 2023-02-08 | TM01 | officers | termination director company with name termination date |
| 2022-08-31 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-07-05 | AA | accounts | accounts with accounts type full |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory