UK Companies House feature
ASSET FINANCE SOLUTIONS (UK) LTD
Cash
£7M
-3.7% vs 2024
Net assets
£4M
-14.2% vs 2024
Employees
11
-8.3% vs 2024
Profit before tax
£3M
-16.4% vs 2024
Profile
- Company number
- 09227443
- Status
- Active
- Incorporation
- 2014-09-19
- Last accounts made up
- 2025-04-30
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
6-year trend · vs UK Fintech median
Accounts
6-year trend · latest 2025-04-30
| Metric | Trend | 2020-04-30 | 2021-04-30 | 2022-04-30 | 2023-04-30 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | |
| Profit before tax | — | — | £2,783,726 | £3,872,218 | £4,104,718 | £3,430,137 | |
| Net profit | — | — | £2,331,226 | £3,212,218 | £3,224,718 | £2,542,505 | |
| Cash | — | — | £3,892,794 | £7,102,577 | £7,521,089 | £7,244,231 | |
| Total assets less current liabilities | — | — | £2,457,214 | £4,638,884 | £5,107,722 | £4,411,831 | |
| Net assets | — | — | £2,420,476 | £4,565,563 | £5,063,379 | £4,343,856 | |
| Equity | £1,496,890 | £1,729,063 | £2,420,476 | £4,565,563 | £5,063,379 | £4,343,856 | |
| Average employees | — | — | 8 | 10 | 12 | 11 | |
| Wages | — | — | £282,732 | £310,355 | £389,659 | £386,147 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PM+M Solutions for Business LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “A significant development during the second half of the financial year was the impact felt across the finance industry following the Court of Appeal, not only ruling in favour of 3 claimants in consumer car finance claims, but going further in stating that credit brokers had a fiduciary duty to their customers. This caused a flurry of activity and a fair amount of consternation across the industry.”
- “There was subsequently an appeal made to the Supreme Court by the two finance companies involved and they basically reversed the Court of Appeal decisions and the potential for a fiduciary relationship. There was still a sting in the tail though as they ruled that one of the claimants was vulnerable and so unsophisticated that he had been taken advantage of and the finance had been deemed unfair and was awarded compensation.”
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
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FORD, Justin John | Director | 2014-09-19 | Aug 1972 | British |
| GEDDES, Michael David | Director | 2014-09-19 | Feb 1970 | British |
| METCALFE, David John | Director | 2024-10-17 | Dec 1966 | British |
| SIMMS, Lee | Director | 2022-04-11 | Nov 1977 | British |
| SIMPSON, Nicholas | Director | 2014-09-19 | Apr 1966 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Afs Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 31 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-14 | AA | accounts | accounts with accounts type full |
| 2025-08-12 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-01-15 | AA | accounts | accounts with accounts type full |
| 2024-10-24 | AP01 | officers | appoint person director company with name date |
| 2024-08-16 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-12-20 | AA | accounts | accounts with accounts type full |
| 2023-08-10 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-01-16 | AA | accounts | accounts with accounts type full |
| 2022-12-13 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2022-09-08 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-04-21 | AP01 | officers | appoint person director company with name date |
| 2021-08-26 | CS01 | confirmation-statement | confirmation statement with updates |
| 2021-08-17 | AA | accounts | accounts with accounts type total exemption full |
| 2020-09-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2020-09-07 | AA | accounts | accounts with accounts type total exemption full |
| 2019-09-23 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2019-09-19 | AA | accounts | accounts with accounts type total exemption full |
| 2019-03-05 | AD01 | address | change registered office address company with date old address new address |
| 2018-09-19 | AA | accounts | accounts with accounts type total exemption full |
| 2018-09-19 | CS01 | confirmation-statement | confirmation statement with no updates |
Credit score
Altman Z″ (private-firm) · reference 2025-04-30
5.93
SAFE
Altman Z″
- Working capital / Total assets 0.431 × 6.56 = +2.83
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.340 × 6.72 = +2.29
- Book equity / Total liabilities 0.779 × 1.05 = +0.82
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory