CREATION CONSUMER FINANCE LIMITED

1. CREATION CONSUMER FINANCE LIMITED 2004-11-12 → present
2. OPEN AND DIRECT RETAIL SERVICES LIMITED 1999-06-21 → 2004-11-12
3. NIE FINANCING LIMITED 1997-06-19 → 1999-06-21

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are satisfied that the financial statements have been prepared on a going concern basis taking into account the following: The Company meets its day-to-day working capital requirements through its cash reserves and internal borrowings provided from its immediate parent entity, Creation Financial Services Limited, which in turn has funding framework. agreements with the BNP Paribas SA Group. The directors have made the assumption that the shareholder will continue to fund on this basis. Further information on the Company's borrowings is given in notes 13 and 21. The Company have considered the current economic conditions including but not limited to the 'cost of living crisis', inflation levels and interest rates, and the Company's forecasts and projections, taking account of reasonably possible changes in trading performance, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.”

Significant events

• “On 11 January 2024, the Financial Conduct Authority ('FCA') announced a review of the use of historical discretionary commission arrangements ('DCAs') in the motor finance industry, before they were banned in 2021. In October 2024, the Court of Appeal gave judgement in the cases of Hopcraft, Wrench and Johnson, which had far reaching and potentially unintended implications for the motor finance industry. Appeals to these cases were heard at the Supreme Court, which on 1 August 2025, overturned the Hopcraft and Wrench cases, but upheld the Johnson case. Following the Supreme Court ruling, the FCA consulted on a proposed redress scheme 'CP25/27'on 7 October 2025. Although the scope and design of the scheme are yet to be finalised, it is clear that some level of redress will be payable under the scheme. The expanded scope... has led us to increase our previously held motor finance commissions provision from £5m to £55m.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.