TC FUNDING III LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-06-30
Confirmation statement due
2026-06-30 (in 1mo)
Last made up 2025-06-16
Watchouts
Cash
£12M
+277.5% vs 2023
Net assets
-£4M
+45.2% vs 2023
Employees
—
Average over period
Profit before tax
£3M
+223.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-06-30
| Metric | Trend | 2023-06-30 | 2024-06-30 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | -£2,511,522 | £3,105,270 | |
| Net profit | -£2,512,092 | £3,104,700 | |
| Cash | £3,258,894 | £12,302,081 | |
| Total assets less current liabilities | £164,022,851 | £121,991,147 | |
| Net assets | -£6,866,550 | -£3,761,850 | |
| Equity | -£6,866,550 | -£3,761,850 | |
| Average employees | — | — | |
| 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 | 2023-06-30 | 2024-06-30 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 104.2% | 103.1% | |
| Current ratio | 10.19x | 17.19x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In spite of the current uncertainty in the economic environment, after making enquiries regarding the quality of assets and the limited recourse nature of the Company's borrowings, the Directors have formed a judgement, at the time of approving these financial statements, that there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2020-06-17 | — | — |
| KHAN, Ejaz | Director | 2025-05-02 | Jun 1970 | British |
| JOINT CORPORATE SERVICES LIMITED | Corporate Director | 2020-06-17 | — | — |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANAND, Ravinder Singh | Director | 2022-06-30 | 2025-09-30 |
| HARTLEY, Daniel Richard | Director | 2023-12-07 | 2026-02-25 |
| MORTON, Jenny | Director | 2020-06-17 | 2022-06-30 |
| RAICHURA, Rajeev Ramniklal | Director | 2022-06-30 | 2023-12-08 |
| SAVJANI, Nita Ramesh | Director | 2020-06-17 | 2025-05-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tmf Trustee Limited | Corporate entity | Voting 75–100% | 2020-06-17 | Active |
Filing timeline
Last 20 of 33 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-10 | AA | accounts | Accounts with accounts type full | |
| 2025-05-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-28 | CH01 | officers | Change person director company with change date | |
| 2024-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-27 | CH02 | officers | Change corporate director company with change date | |
| 2024-05-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-27 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-05-27 | CH01 | officers | Change person director company with change date | |
| 2024-02-12 | AA | accounts | Accounts with accounts type full | |
| 2024-01-05 | AA | accounts | Accounts with accounts type full | |
| 2023-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-13 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-09-05 | GAZ1 | gazette | Gazette notice compulsory |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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 2024-06-30 vs 2023-06-30
-
Turnover
—
Not reported
-
Cash
+277.5%
£3,258,894 £12,302,081
-
Net assets
+45.2%
-£6,866,550 -£3,761,850
-
Employees
—
Not reported
-
Profit before tax
+223.6%
-£2,511,522 £3,105,270
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