LIFE SETTLEMENT ASSETS PLC

1. LIFE SETTLEMENT ASSETS PLC 2018-01-24 → present
2. LIFE SETTLEMENT ASSETS LIMITED 2017-08-16 → 2018-01-24

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Financial Statements of the Company have been prepared on a going concern basis. The forecast projections and actual performance are reviewed on a regular basis throughout the period. Further details are shown in the Viability Statement on page 26. The Directors believe that it is appropriate to prepare the Financial Statements on a going concern basis and that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of the approval of the Financial Statements.”

Significant events

• “In March 2023, the Company announced that it has acquired the policies from the Mutual Benefits Keep Policy Trust for a gross consideration of USD 24 million.”
• “The Company paid the gross proceeds of USD 24 million to acquire the policies held by the MBC Trust.”
• “The Company has received USD 5.7 million as the first tranche of the MBC sale proceeds together with a refund of overpaid premiums of USD 4.0 million.”
• “On 28 March 2025, further examination of the portfolio acquired from the MBC Trustee revealed that the MBC Trustee had previously not exercised an extension to a particular policy which would have extended the policy maturity from 100 to 120 years, adversely affected the December 2024 valuation of this policy.”
• “The Company bought back and cancelled 4,423,841 shares in the year to 31 December 2024, at a total cost of USD 7.8 million.”
• “Since the year end, the Company has bought back and cancelled a further 622,231 shares at a total cost of USD 1.1 million.”
• “No final dividend will be declared for the year ended 31 December 2024.”

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

Filings

3

last 12 months

Capital events

5

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

  —

  Not reported

• Cash

  -24.4%

  £9,011,861 → £6,810,230

• Net assets

  -9.2%

  £82,441,067 → £74,888,807

• Employees

  —

  Not reported

• Operating profit

  -55.4%

  £5,034,099 → £2,246,108

• Profit before tax

  -85.5%

  £3,187,546 → £461,824

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