STRATA LENDING PLC

Company number

09329385

Status

Active

Incorporation

2014-11-26

Last accounts made up

2025-03-31

Account category

FULL

Primary SIC

66300

Hubs

UK Fintech

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

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Blick Rothenberg Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “The Company experienced difficult trading conditions during the 2024/25 financial year with its distributable reserves significantly reduced and a substantial loss resulting in the financial year.”
• “At a General Meeting held on the 14 January 2025 a resolution was passed authorising the Company to seek a Court Order to enable the Company's share capital to be reduced. This Court Order was granted and this enabled the Company to meet the objectives of the SBP in place at the time primarily as regards meeting Withdrawal requests.”
• “A new SBP was put in place at the Annual General Meeting held in September 2024.”
• “Shareholder approval was given at a General Meeting held on the 26 March 2025. A new SBP was put in place, to facilitate first charge lending on commercial property (moving away from a residential development lending strategy).”
• “The Funding Adviser and Asset Manager Agreements terminated on 31 March 2025... and Proplend will be appointed as the Loan Originator and Asset Manager.”
• “On 14 January 2025, a special resolution was passed and subsequently confirmed by the courts that the capital of the company should be reduced by way of the nominal value of each of the shares in the capital of the company be reduced from £1.00 to £0.01.”

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