SECURITISATION OF CONSUMER AGREEMENTS LIMITED
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Next accounts due
2026-03-31
Overdue
Confirmation statement due
2027-03-31 (in 10mo)
Last made up 2026-03-17
Watchouts
Cash
£114K
+2.3% vs 2023
Net assets
-£22M
-13.1% vs 2023
Employees
0
Average over period
Profit before tax
-£3M
+73.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-03-31.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 |
|---|---|---|---|
| Turnover | £12,556,030 | £11,503,036 | |
| Operating profit | — | — | |
| Profit before tax | -£9,715,898 | -£2,563,928 | |
| Net profit | -£9,716,468 | -£2,564,498 | |
| Cash | £111,964 | £114,491 | |
| Total assets less current liabilities | £330,826,975 | £276,184,644 | |
| Net assets | -£19,646,513 | -£22,211,011 | |
| Equity | -£19,646,513 | -£22,211,011 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-03-31 | 2024-03-31 |
|---|---|---|---|
| Net margin | -77.4% | -22.3% | |
| Gearing (liabilities / total assets) | 105.9% | 108.0% | |
| Current ratio | 1.90x | 0.34x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Despite the Company being in a current liability position and having made are historic losses, the Company is still operational and the directors are comfortable that the Company is able to meet its liabilities as they fall due. Furthermore, the loan notes are limited recourse obligations and these are not repayable until March 2029. On this basis, and after reviewing the latest performance of the underlying receivables, the directors are satisfied that the Company will have adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.”
Significant events
- “On 18 March 2025, an amendment was made to further extend the amortisation period start date of the notes from March 2025 to March 2026, after which an amortisation period covering 5 years begins and the operations of the Company are expected to cease in March 2030.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2022-02-22 | — | — |
| WALLACE, Andrew Paul, Mr. | Director | 2018-09-25 | Mar 1971 | British |
| JOINT CORPORATE SERVICES LIMITED | Corporate Director | 2016-03-18 | — | — |
| TMF CORPORATE DIRECTORS LIMITED | Corporate Director | 2016-03-18 | — | — |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JOINT SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2016-03-18 | 2022-02-22 |
| LAWRENCE, Susan Elizabeth | Director | 2016-03-18 | 2018-09-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tmf Trustee Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 40 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-15 | AA | accounts | Accounts with accounts type full | |
| 2025-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-10 | AA | accounts | Accounts with accounts type full | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-12 | CH02 | officers | Change corporate director company with change date | |
| 2024-03-12 | CH01 | officers | Change person director company with change date | |
| 2024-03-12 | CH02 | officers | Change corporate director company with change date | |
| 2024-03-12 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-03-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-07-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-09 | AA | accounts | Accounts with accounts type full | |
| 2023-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-05 | AA | accounts | Accounts with accounts type full | |
| 2022-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-02-24 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2021-11-26 | CH01 | officers | Change person director company with change date | |
| 2021-05-10 | AA | accounts | Accounts with accounts type full | |
| 2021-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-03-31 vs 2023-03-31
-
Turnover
-8.4%
£12,556,030 £11,503,036
-
Cash
+2.3%
£111,964 £114,491
-
Net assets
-13.1%
-£19,646,513 -£22,211,011
-
Employees
—
Not reported
-
Profit before tax
+73.6%
-£9,715,898 -£2,563,928
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