SECURED INCOME FUND PLC

• ⚠

  Material uncertainty over going concern

  Given the Company's investment policy to carry out an orderly realisation of the Company's portfolio of assets and distribution of cash to Shareholders, the financial statements have been prepared on a non-going concern basis. This has had no significant impact on the financial statements as the loans are included net of their expected credit loss provision ("ECL") and are expected to be realised in an orderly manner, and the estimated costs of winding up the Company are immaterial and therefore have not been provided for in the financial statements.

1. SECURED INCOME FUND PLC 2020-07-18 → present
2. SQN SECURED INCOME FUND PLC 2017-04-28 → 2020-07-18
3. THE SME LOAN FUND PLC 2016-08-31 → 2017-04-28
4. GLI ALTERNATIVE FINANCE PLC 2015-07-13 → 2016-08-31

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

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Given the Company's investment policy to carry out an orderly realisation of the Company's portfolio of assets and distribution of cash to Shareholders, the financial statements have been prepared on a non-going concern basis. This has had no significant impact on the financial statements as the loans are included net of their expected credit loss provision ("ECL") and are expected to be realised in an orderly manner, and the estimated costs of winding up the Company are immaterial and therefore have not been provided for in the financial statements.”

Significant events

• “During this reporting period, the Board distributed over £1.05 million using the B Share Scheme, which is equivalent to 2.0p per Ordinary Share. In addition, a dividend of 0.1p per share was paid during the period.”
• “The Company delisted from the London Stock Exchange with effect from 4 August 2023.”
• “In July 2025, discussions commenced to extend the capital return period of Borrower 1 to September 2026.”

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

Filings

4

last 12 months

Capital events

2

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

  -88.2%

  £761,000 → £90,000

• Cash

  -2.3%

  £2,064,000 → £2,016,000

• Net assets

  -18.6%

  £5,005,000 → £4,073,000

• Employees

  —

  Not reported

• Operating profit

  -422.4%

  £147,000 → -£474,000

• Profit before tax

  -56.3%

  £405,000 → £177,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers