NATWEST COVERED BONDS LIMITED LIABILITY PARTNERSHIP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-23 (in 3mo)
Last made up 2025-08-09
Watchouts
None on the register
Cash
£215M
+4.8% vs 2023
Net assets
£1B
-6.7% vs 2023
Employees
0
Average over period
Profit before tax
—
Period ending 2024-12-31
Name history
Renamed 1 time since incorporation
- NATWEST COVERED BONDS LIMITED LIABILITY PARTNERSHIP 2018-04-18 → present
- RBS COVERED BONDS LIMITED LIABILITY PARTNERSHIP 2009-10-22 → 2018-04-18
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£91,515,000 | -£145,326,000 | |
| Profit before tax | — | — | |
| Net profit | -£225,924,000 | -£171,436,000 | |
| Cash | £205,541,000 | £215,460,000 | |
| Total assets less current liabilities | £4,603,953,000 | £5,233,932,000 | |
| Net assets | £1,503,852,000 | £1,403,407,000 | |
| Equity | £1,503,852,000 | £1,403,407,000 | |
| Average employees | 0 | 0 | |
| 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 |
|---|---|---|---|
| Return on capital employed | -2.0% | -2.8% | |
| Gearing (liabilities / total assets) | 77.8% | 73.3% | |
| Current ratio | 0.42x | 52.79x | |
| Interest cover | -0.28x | -0.32x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NATIONAL WESTMINSTER BANK PLC | Corporate Llp Designated Member | 2012-11-01 | — | — |
| NATWEST COVERED BONDS (LM) LIMITED | Corporate Llp Designated Member | 2009-10-22 | — | — |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NATIONAL WESTMINSTER HOME LOANS LIMITED | Corporate Llp Designated Member | 2009-10-22 | 2012-11-01 |
| THE ROYAL BANK OF SCOTLAND PLC | Corporate Llp Designated Member | 2009-10-22 | 2018-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Royal Bank Of Scotland Plc | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Ceased 2018-04-30 |
| National Westminster Bank Plc | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Active |
| Natwest Covered Bonds (Lm) Limited | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Active |
Filing timeline
Last 20 of 73 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-14 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-27 | AA | accounts | Accounts with accounts type full | |
| 2024-08-13 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2023-08-09 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-14 | AA | accounts | Accounts with accounts type full | |
| 2023-06-05 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2023-05-17 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2022-09-23 | AA | accounts | Accounts with accounts type full | |
| 2022-08-18 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-18 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2022-08-18 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2021-11-10 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-20 | AA | accounts | Accounts with accounts type full | |
| 2021-07-21 | LLPSC07 | persons-with-significant-control | Cessation of a person with significant control limited liability partnership | |
| 2021-07-21 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2021-04-30 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2021-04-30 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2020-10-21 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-19 | AA | accounts | Accounts with accounts type full |
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
+4.8%
£205,541,000 £215,460,000
-
Net assets
-6.7%
£1,503,852,000 £1,403,407,000
-
Employees
—
Not reported
-
Operating profit
-58.8%
-£91,515,000 -£145,326,000
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