BRASS NO.10 PLC
Get an alert when BRASS NO.10 PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-21 (in 8mo)
Last made up 2026-01-07
Watchouts
Cash
£143M
+9.9% vs 2023
Net assets
£2K
+100.1% vs 2023
Employees
—
Average over period
Profit before tax
£2M
-60.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The directors note that there is a call option in the terms of the transaction documents, which means that the company has the option to redeem the notes at an earlier date after giving not more than 60 nor less than ten days' notice to the Class A Noteholders. The earliest optional redemption date of the notes is 16 April 2026 at which point the company has the option to redeem the notes in full. However, the Directors have not yet taken a decision as to whether or not this option will be exercised. In the event that the Directors decide to exercise the call option on the first or a subsequent optional redemption date, the obligations of the Company (as set out in the transaction documents), following repayment of the outstanding principal and interest on notes will be extinguished. After this, the Company will be liquidated. These conditions indicate the existence of a material uncertainty that may cast significant doubts about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | £4,340,000 | £1,699,000 | |
| Net profit | £4,339,000 | £1,698,000 | |
| Cash | £129,820,000 | £142,682,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | -£1,696,000 | £2,000 | |
| Equity | -£1,696,000 | £2,000 | |
| 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 100.1% | 100.0% | |
| Current ratio | 129832.00x | 47564.67x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The directors note that there is a call option in the terms of the transaction documents, which means that the company has the option to redeem the notes at an earlier date after giving not more than 60 nor less than ten days' notice to the Class A Noteholders. The earliest optional redemption date of the notes is 16 April 2026 at which point the company has the option to redeem the notes in full. However, the Directors have not yet taken a decision as to whether or not this option will be exercised. In the event that the Directors decide to exercise the call option on the first or a subsequent optional redemption date, the obligations of the Company (as set out in the transaction documents), following repayment of the outstanding principal and interest on notes will be extinguished. After this, the Company will be liquidated. These conditions indicate the existence of a material uncertainty that may cast significant doubts about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.”
Significant events
- “The Bank of England started cutting interest rates in August, from 5.25%, to 4.75% by the end of 2024. The Bank of England made a further cut in January 2025, reducing the base rate from 4.75% to 4.5%. The combination of falling interest rates and positive real wage growth helped to ease affordability pressures for some borrowers and therefore to increase their confidence in the housing market.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WILMINGTON TRUST SP SERVICES (LONDON) LIMITED | Corporate Secretary | 2021-01-08 | — | — |
| KYRIAKOPOULOS, Ioannis | Director | 2021-01-08 | Jun 1974 | British |
| WILMINGTON TRUST SP SERVICES (LONDON) LIMITED | Corporate Director | 2021-01-08 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Brass No.10 Mortgage Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-01-08 | Active |
Filing timeline
Last 20 of 20 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-12 | CH01 | officers | Change person director company with change date | |
| 2025-04-01 | AA | accounts | Accounts with accounts type full | |
| 2025-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-25 | AA | accounts | Accounts with accounts type full | |
| 2024-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-04 | AA | accounts | Accounts with accounts type full | |
| 2023-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-27 | AA | accounts | Accounts with accounts type full | |
| 2022-01-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-03-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-02-15 | CERT8A | incorporation | Legacy | |
| 2021-02-15 | SH01 | capital | Capital allotment shares | |
| 2021-02-15 | SH50 | reregistration | Application trading certificate | |
| 2021-02-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-02-05 | AA01 | accounts | Change account reference date company current shortened | |
| 2021-01-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-01-27 | CH01 | officers | Change person director company with change date | |
| 2021-01-08 | NEWINC | incorporation | Incorporation company |
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 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+9.9%
£129,820,000 £142,682,000
-
Net assets
+100.1%
-£1,696,000 £2,000
-
Employees
—
Not reported
-
Profit before tax
-60.9%
£4,340,000 £1,699,000
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