PICTON FINANCING UK LIMITED

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

UK-adopted international accounting standards

Reporting scope

Standalone (parent only)

Auditor

KPMG Channel Islands Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have assessed whether the going concern basis remains appropriate for the preparation of the financial statements. They have reviewed the Company's principal and emerging risks, existing loan facilities, access to funding and liquidity position. As the Company has a net liability position as at 31 March 2025 the Directors have received confirmation from the Company's parent entity that it will provide such financial support as required in order for the Company to continue to meet its liabilities. The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt a going concern basis in preparing the annual report and accounts.”

Significant events

• “In April 2024 the Company received £16,400,000 from three subsidiaries of its Parent, Picton Property Income Limited, in repayment of intra group loans. Proceeds were used to repay the full £16,400,000 drawn under its revolving credit facility with National Westminster Bank Plc.”
• “The £50 million revolving credit facility, due to expire on 26 May 2025, has been refinanced with National Westminster Bank Plc with an initial term of three years and the option of two one-year extensions.”

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

Filings

2

last 12 months

Capital events

0

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

  +14.7%

  £34,803 → £39,908

• Net assets

  -45.2%

  -£1,160,063 → -£1,684,080

• Employees

  —

  Not reported

• Operating profit

  -95.9%

  £1,038,120 → £42,223

• Profit before tax

  -30.2%

  -£402,560 → -£524,017

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