BRIDGING TRADING LLP
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-11-02 (in 6mo)
Last made up 2025-10-19
Watchouts
None on the register
Cash
£8M
-79.2% vs 2023
Net assets
£213M
+47% vs 2023
Employees
1
0% vs 2023
Profit before tax
£10M
-11.1% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | £18,470,000 | £13,417,000 | |
| Operating profit | £10,800,000 | £12,165,000 | |
| Profit before tax | £10,897,000 | £9,690,000 | |
| Net profit | £10,897,000 | £9,768,000 | |
| Cash | £38,193,000 | £7,932,000 | |
| Total assets less current liabilities | £144,851,000 | £225,808,000 | |
| Net assets | £144,851,000 | £212,968,000 | |
| Equity | £144,851,000 | £212,968,000 | |
| Average employees | 1 | 1 | |
| Wages | £51,000 | £101,000 |
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 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Operating margin | 58.5% | 90.7% | |
| Net margin | 59.0% | 72.8% | |
| Return on capital employed | 7.5% | 5.4% | |
| Current ratio | 656.43x | 6.28x | |
| Interest cover | — | 4.51x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group and the LLP funds its lending activities and meets its working. capital requirements through the support of an LLP member. After making enquiries, there is reasonable expectation that this support will continue for the foreseeable future, such that the Group and LLP have adequate resources to continue trading and making new loans. In addition, the Group and LLP expects that the turnover and capital repayments from the current loan portfolio will be sufficient to meet its ongoing expenditure obligations for a period of at least twelve months from the signing of these financial statements. Accordingly, the going concern basis is adopted in the preparation of the financial statements.”
Group structure
- BRIDGING TRADING LLP · parent
- Downing Development Finance Plc 100%
- Downing Development Lending Limited 100%
- Downing Specialist Finance Limited 100%
- Downing Wholesale Finance Limited 100%
- Real Estate Lending Co Limited
Significant events
- “On 30 June 2024, as part of a group reorganisation, the LLP acquired Downing Development Finance Plc (including its subsidiaries Downing Development Lending Limited and Real Estate Lending Co Limited), Downing Specialist Finance Limited and Downing Wholesale Finance Limited from its ultimate parent company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 47 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAGNALL ENERGY LIMITED | Corporate Llp Designated Member | 2015-10-01 | — | — |
| DOWNING CORPORATE FINANCE LIMITED | Corporate Llp Designated Member | 2010-10-19 | — | — |
| DOWNING MEMBERS LIMITED | Corporate Llp Designated Member | 2014-10-30 | — | — |
| PULFORD TRADING LIMITED | Corporate Llp Designated Member | 2015-10-01 | — | — |
| DOWNING NOMINEES LIMITED | Corporate Llp Member | 2024-08-07 | — | — |
| NICK COX CONSTRUCTION LIMITED | Corporate Llp Member | 2018-04-18 | — | — |
| QUEENSBURY DEVELOPMENTS LIMITED | Corporate Llp Member | 2018-04-18 | — | — |
Show 47 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOWNING ASSET MANAGEMENT LIMITED | Corporate Llp Designated Member | 2010-10-19 | 2013-04-23 |
| DOWNING ASSET-BACKED IHT LLP | Corporate Llp Designated Member | 2013-09-05 | 2015-12-01 |
| DOWNING IHT INCOME FUND 2 LLP | Corporate Llp Designated Member | 2010-10-19 | 2015-10-01 |
| DOWNING IHT INCOME FUND 3 LLP | Corporate Llp Designated Member | 2010-10-19 | 2015-10-01 |
| DOWNING IHT INCOME FUND 4 LLP | Corporate Llp Designated Member | 2011-08-31 | 2015-10-01 |
| DOWNING IHT INCOME FUND LLP | Corporate Llp Designated Member | 2010-10-19 | 2015-10-01 |
| DOWNING LLP | Corporate Llp Designated Member | 2012-05-31 | 2014-10-30 |
| DOWNING MANAGEMENT SERVICES LIMITED | Corporate Llp Designated Member | 2010-10-19 | 2012-05-31 |
| DOWNING PARKANDER IHT INCOME FUND LLP | Corporate Llp Designated Member | 2010-10-19 | 2015-10-01 |
| DOWNING RENEWABLES IHT LLP | Corporate Llp Designated Member | 2013-09-05 | 2015-12-01 |
| A. ALLEN DEVELOPMENTS LIMITED | Corporate Llp Member | 2018-04-18 | 2021-10-01 |
| A. ALLEN DEVELOPMENTS LIMITED | Corporate Llp Member | 2016-06-02 | 2016-06-02 |
| A. ALLEN DEVELOPMENTS LIMITED | Corporate Llp Member | 2015-11-30 | 2016-06-01 |
| BAGNALL RENEWABLES LIMITED | Corporate Llp Member | 2013-02-15 | 2013-09-05 |
| CHILDS DEVELOPMENTS LIMITED | Corporate Llp Member | 2018-04-18 | 2021-10-01 |
| CHILDS DEVELOPMENTS LIMITED | Corporate Llp Member | 2016-06-02 | 2016-06-02 |
| CHILDS DEVELOPMENTS LIMITED | Corporate Llp Member | 2015-11-30 | 2016-06-01 |
| ENCOMPASS TELEMANAGEMENT LIMITED | Corporate Llp Member | 2018-04-18 | 2018-10-22 |
| ENCOMPASS TELEMANAGEMENT LTD | Corporate Llp Member | 2016-06-02 | 2016-06-02 |
| ENCOMPASS TELEMANAGEMENT LTD | Corporate Llp Member | 2015-11-30 | 2016-06-01 |
| HALL DEVELOPMENT COMPANY LIMITED | Corporate Llp Member | 2018-04-18 | 2021-10-01 |
| HALL DEVELOPMENT COMPANY LIMITED | Corporate Llp Member | 2016-06-02 | 2016-06-02 |
| HALL DEVELOPMENT COMPANY LIMITED | Corporate Llp Member | 2015-11-30 | 2016-06-01 |
| JENNY WRENS NEST LIMITED | Corporate Llp Member | 2018-04-18 | 2021-10-01 |
| JENNY WRENS NEST LIMITED | Corporate Llp Member | 2016-06-02 | 2016-06-02 |
| JENNY WRENS NEST LIMITED | Corporate Llp Member | 2015-10-01 | 2016-06-01 |
| JOURNEY EAST LIMITED | Corporate Llp Member | 2018-04-18 | 2021-10-01 |
| JOURNEY EAST LIMITED | Corporate Llp Member | 2016-06-02 | 2016-06-02 |
| JOURNEY EAST LIMITED | Corporate Llp Member | 2015-10-01 | 2016-06-01 |
| KEARNS PROPERTY DEVELOPMENTS LIMITED | Corporate Llp Member | 2018-04-18 | 2019-10-01 |
| KEARNS PROPERTY DEVELOPMENTS LIMITED | Corporate Llp Member | 2016-06-02 | 2016-06-02 |
| KEARNS PROPERTY DEVELOPMENTS LIMITED | Corporate Llp Member | 2015-10-01 | 2016-06-01 |
| MAGNUS SECURED LENDING LLP | Corporate Llp Member | 2023-04-27 | 2024-08-07 |
| MINI NIMBUS PROPERTY CO. LIMITED | Corporate Llp Member | 2018-04-18 | 2021-10-01 |
| MINI NIMBUS PROPERTY CO. LIMITED | Corporate Llp Member | 2016-06-02 | 2016-06-02 |
| MINI NIMBUS PROPERTY CO. LIMITED | Corporate Llp Member | 2015-10-01 | 2016-06-01 |
| NICK COX CONSTRUCTION LIMITED | Corporate Llp Member | 2016-06-02 | 2016-06-02 |
| NICK COX CONSTRUCTION LIMITED | Corporate Llp Member | 2015-10-01 | 2016-06-01 |
| PULFORD TRADING LIMITED | Corporate Llp Member | 2013-02-15 | 2013-09-05 |
| QUEENSBURY DEVELOPMENTS LIMITED | Corporate Llp Member | 2016-06-02 | 2016-06-02 |
| QUEENSBURY DEVELOPMENTS LIMITED | Corporate Llp Member | 2015-11-30 | 2016-06-01 |
| R M & A BENTON DEVELOPMENTS LIMITED | Corporate Llp Member | 2016-06-02 | 2016-06-02 |
| R M & A BENTON DEVELOPMENTS LIMITED | Corporate Llp Member | 2015-11-30 | 2016-06-01 |
| RM & A BENTON DEVELOPMENTS LIMITED | Corporate Llp Member | 2018-04-18 | 2021-10-01 |
| TIMOTHY CLIST DEVELOPMENTS LIMITED | Corporate Llp Member | 2018-04-18 | 2018-10-22 |
| TIMOTHY CLIST DEVELOPMENTS LIMITED | Corporate Llp Member | 2016-06-02 | 2016-06-02 |
| TIMOTHY CLIST DEVELOPMENTS LIMITED | Corporate Llp Member | 2015-10-01 | 2016-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pulford Trading Limited | Corporate entity | significant-influence-or-control-limited-liability-partnership | 2023-09-26 | Active |
| Downing Corporate Finance Limited | Corporate entity | significant-influence-or-control-limited-liability-partnership | 2016-07-01 | Ceased 2023-09-26 |
| Downing Members Limited | Corporate entity | significant-influence-or-control-limited-liability-partnership | 2016-07-01 | Ceased 2023-09-26 |
Filing timeline
Last 20 of 181 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-04 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2025-10-19 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-03 | AA | accounts | Accounts with accounts type full | |
| 2025-06-24 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2025-06-24 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-01-06 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2025-01-06 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2025-01-06 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2025-01-06 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2025-01-06 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2025-01-06 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2025-01-06 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2024-10-19 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2024-09-30 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2024-09-30 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2024-09-30 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2024-09-30 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2024-09-30 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2024-09-30 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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 2024-09-30 vs 2023-09-30
-
Turnover
-27.4%
£18,470,000 £13,417,000
-
Cash
-79.2%
£38,193,000 £7,932,000
-
Net assets
+47%
£144,851,000 £212,968,000
-
Employees
0%
1 1
-
Operating profit
+12.6%
£10,800,000 £12,165,000
-
Profit before tax
-11.1%
£10,897,000 £9,690,000
-
Wages
+98%
£51,000 £101,000
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