LANDBAY PARTNERS LIMITED

Company number

08668507

Status

Active

Incorporation

2013-08-29

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

62012

Hubs

UK AI & Enterprise SaaS

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the year end the Company had made a total comprehensive loss for the year of £842,549 (2023 - £950,091). In assessing the Company's going concern status, the directors have considered the trading results since the year end, forecasted lending levels, the profit and loss forecast and the cash flow forecast and are confident that the Company has adequate resources to be able to support growth, working capital commitments, committed capital expenditure and to meet its obligations as they fall due for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis which the Directors consider appropriate in the circumstances.”

Significant events

• “Landbay moved offices during the second half of the year which resulted in several one-off costs alongside an increase in the ongoing costs due to the new office having a larger footprint.”
• “Towards the end of the year, Landbay completed an additional Forward Flow agreement with a new Institutional Funder, which further increases the diversity of its funding base and increases the available pools of capital available to loan to borrowers.”
• “Following significant software development over the last 18 months, in late 2024 we launched a pilot for our Product Transfer proposition.”

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