STRATTON MORTGAGE FUNDING 2024-3 PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-15 (in 11mo)
Last made up 2026-04-01
Watchouts
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
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.
Accounts
Audit & accounting basis
- 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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
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
Latest filed period vs the prior one