UK Companies House feature
STRATTON MORTGAGE FUNDING 2024-3 PLC
Profile
- Company number
- 15609144
- Status
- Active
- Incorporation
- 2024-04-02
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64922
- Hubs
- UK Fintech
Accounts
Pending extraction
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Whilst there is no legal obligation or confirmed intention that the Option Holder will exercise the Call Option, the directors are uncertain as to whether it will be exercised but believe the probability is matched, due to the step-up in margin on the Notes in June 2027. The directors are therefore of the opinion that a material uncertainty exists that may cast significant doubt as to the Company's ability to continue as a going concern.”
Significant events
- “On 12 June 2024 (the "Closing Date"), the Company acquired a portfolio of UK residential mortgage loans from Ertow Holdings XII Designated Activity Company (the "Seller").”
- “At the 25 March 2025 interest payment date, the balance on the Class Z Notes Principal Deficiency Sub-Ledger was £181,976.”
- “Furthermore, Liquidity Deficits to date have reduced the Liquidity Reserve Fund balance to £4,250,065, which is below the Liquidity Reserve Fund Required Amount of £4,608,945.”
- “On 9 June 2025, Fitch Ratings Ltd downgraded the rating for the Class E Notes from BB- to B+.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (UK) LIMITED | Corporate Secretary | 2024-04-02 | — | — |
| WATSON, Alasdair James David | Director | 2024-04-05 | Sep 1970 | British |
| CSC DIRECTORS (NO.1) LIMITED | Corporate Director | 2024-04-02 | — | — |
| CSC DIRECTORS (NO.2) LIMITED | Corporate Director | 2024-04-02 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCGRATH, Catherine Mary Elizabeth | Director | 2024-04-02 | 2024-04-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Stratton Mortgage Funding 2024-3 Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-04-02 | Active |
Filing timeline
Last 13 of 13 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-10 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-07-23 | AA | accounts | accounts with accounts type full |
| 2025-04-11 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-12-16 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2024-06-17 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-06-13 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-04-24 | AP01 | officers | appoint person director company with name date |
| 2024-04-24 | TM01 | officers | termination director company with name termination date |
| 2024-04-24 | AA01 | accounts | change account reference date company current shortened |
| 2024-04-19 | CERT8A | incorporation | legacy |
| 2024-04-19 | SH50 | reregistration | application trading certificate |
| 2024-04-15 | SH01 | capital | capital allotment shares |
| 2024-04-02 | NEWINC | incorporation | incorporation company |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Composite activity score · components 0–100 · reference 2026-05-10
19.2
COLD
/ 100
- Filings velocity 17
- Capital events 0
- Officer churn 0
- Headcount trajectory 50
- Accounts trajectory 50
- 2 filing(s) in last 12 months