UK Companies House feature
PRUDENTIAL LIFETIME MORTGAGES LIMITED
Profile
- Company number
- SC073158
- Status
- Active
- Incorporation
- 1980-11-18
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64929
- Hubs
- UK Fintech
Accounts
Pending extraction
No iXBRL extracted yet for this company.
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP, London
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As described in the Basis of Preparation section of the Accounting Policies at note 1, an assessment of the Company's prospects has been carried out. The Directors have also considered the results of reasonably plausible severe downside scenarios to assess the potential implications on the Company's solvency and liquidity. Based on the results of these assessments, the Board is satisfied that the Company will be able to continue in operation and meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements.”
Significant events
- “The Company was active in the lifetime mortgage market until April 2010, when a decision was made to close it to new business.”
- “The Company has, since 2008, periodically sold tranches of its portfolio to its immediate parent, The Prudential Assurance Company Limited ("PAC").”
- “Post the sale of a portfolio in 2023, with a view to simplify the capital structure within the Company, it was intended to explore the option to consider a share capital reduction in 2024, whilst that was not progressed with in 2024, there is still an intention to undertake share capital reduction and redeem the preference share capital in 2025.”
- “Additionally, there is an intention to sell the mortgage portfolio to PAC in April 2025 upon completion of administrative activities.”
- “The volume of lifetime mortgage drawdowns during 2024 was lower than the 2023 levels.”
- “The Bank of England base rate was changed in August and November 2024 (a 25bps reduction respectively)”
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
5 active · 57 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| M&G MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2019-10-04 | — | — |
| BOLTON, Clive Grant | Director | 2023-09-25 | Sep 1961 | British |
| HORGAN, Spencer | Director | 2022-08-15 | Dec 1974 | British |
| NANCARROW, David, Mr. | Director | 2022-11-22 | Jun 1970 | British |
| PATON EVANS, Stuart | Director | 2018-05-23 | Jul 1968 | British |
Show 57 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GREEN, David George | Secretary | 1997-09-30 | 2000-08-01 |
| LEE, Tony | Secretary | 2001-02-05 | 2001-10-31 |
| RUPAREL, Vanessa Frances | Secretary | 2000-08-01 | 2001-02-05 |
| STEVENSON, Archibald Mackay | Secretary | — | 1990-01-19 |
| WILSON, John Martin | Secretary | 1990-01-19 | 1998-04-10 |
| PRUDENTIAL GROUP SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2001-10-31 | 2019-10-04 |
| ALLAN, John Napier | Director | 1992-01-06 | 1993-11-26 |
| ANDERSON, Raymond | Director | — | 1991-12-31 |
| BEATTIE, Iain Hunter | Director | 1996-01-08 | 1997-10-01 |
| BETTERIDGE, John Clark | Director | 2007-08-29 | 2013-12-31 |
| BOUSFIELD, Clare Jane | Director | 2019-06-06 | 2023-09-30 |
| BOYLING, Nigel Stephen | Director | 1999-12-15 | 2000-11-30 |
| BRIGGS, Andrew David | Director | 2006-08-25 | 2006-10-02 |
| BROWN, Andrew Jonathan | Director | 2001-07-26 | 2003-03-31 |
| COOPER, Paul David | Director | 2019-12-10 | 2022-05-06 |
| COURT, David John | Director | 1995-07-14 | 1997-10-01 |
| CROSSLEY, Alison Victoria | Director | 2007-01-29 | 2007-09-30 |
| CROSSLEY, Andrew Michael | Director | 2008-06-11 | 2011-02-11 |
| DEEKS, Jeremy Spencer | Director | 2011-02-11 | 2016-11-09 |
| DENNIS, Rodney John | Director | 1997-09-30 | 1999-11-01 |
| EVERETT, Richard Charles | Director | 2003-07-30 | 2005-05-19 |
| FERRANS, Douglas | Director | 1990-07-01 | 1997-10-01 |
| FISHWICK, Roger Charles | Director | 1997-09-04 | 1999-12-16 |
| GILCHRIST, Archibald William Stewart | Director | 1990-07-01 | 1997-04-01 |
| HAGGART, Keith Gerard | Director | 2007-10-12 | 2010-06-30 |
| HAWES, Michael James Lifford Macnaughtan, Mr. | Director | 2016-08-30 | 2019-06-06 |
| HAYTER, Nicolas John | Director | 2004-09-09 | 2005-06-20 |
| HUNTER, David Ian | Director | 1990-07-01 | 1996-12-20 |
| HURD, Brian Willian | Director | 2005-06-20 | 2006-11-02 |
| JACK, James White | Director | 2000-11-30 | 2004-07-30 |
| KERR, Ian David | Director | 2006-11-20 | 2007-05-01 |
| KNOX, William Graeme | Director | — | 1995-10-16 |
| LOVETT, Keith Alan | Director | 1997-09-10 | 2000-11-30 |
| MACMILLAN, David Roy | Director | 2017-07-03 | 2018-05-24 |
| MAIRS, Gary Thomas | Director | 1995-08-16 | 1997-10-01 |
| MARSHALL, Robert David Maxwell | Director | 2001-03-16 | 2001-10-31 |
| MCKNIGHT, Ernest Laidlaw | Director | 1990-07-01 | 1991-06-04 |
| MILLER, Ronald Andrew Baird, Sir | Director | 1993-05-01 | 1997-10-01 |
| MOORES, Michael John | Director | 2001-11-28 | 2002-09-02 |
| MORRISON, William Charles Carnegie | Director | 1995-07-14 | 1997-10-01 |
| NAIDU, Tulsi Ratakonda | Director | 2011-02-11 | 2016-05-31 |
| NICOLSON, Roy Macdonald | Director | 1990-07-01 | 1997-10-01 |
| O'DWYER, Finbar Anthony | Director | 2009-01-14 | 2011-02-11 |
| PENDER, Daniel John | Director | 2015-02-13 | 2015-12-08 |
| PROUDFOOT, William | Director | — | 1990-06-30 |
| RAMSDEN, Roger Charles | Director | 2005-06-20 | 2006-05-31 |
| ROBERTSON, John Ewart | Director | 1990-07-01 | 1997-11-28 |
| SANDELL, Jonathan Mark Donald | Director | 2016-08-30 | 2017-11-14 |
| SHAUGHNESSY, Gary Paul John | Director | 2006-10-31 | 2008-09-25 |
| SHERIFF, Paul Nigel | Director | 2005-06-20 | 2006-08-25 |
| SMITH, James | Director | 2001-03-16 | 2001-10-31 |
| SOLOMONS, Bernard | Director | — | 1997-10-01 |
| STEWART, Alexander Donald | Director | 1990-07-01 | 1994-04-27 |
| SUTHERLAND, David James Bruce | Director | 1990-07-01 | 1997-10-01 |
| TOOKEY, Timothy James William | Director | 2002-09-02 | 2003-07-30 |
| WILSON, John Martin | Director | 1990-07-01 | 1997-09-30 |
| WOOD, Gregory Mark | Director | 2001-10-31 | 2003-07-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Prudential Assurance Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 273 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-06-18 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-05-30 | AA | accounts | accounts with accounts type full |
| 2024-06-14 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-04-30 | AA | accounts | accounts with accounts type full |
| 2023-10-05 | AP01 | officers | appoint person director company with name date |
| 2023-10-03 | TM01 | officers | termination director company with name termination date |
| 2023-06-14 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-05-03 | AA | accounts | accounts with accounts type full |
| 2022-11-22 | AP01 | officers | appoint person director company with name date |
| 2022-09-09 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2022-09-07 | AP01 | officers | appoint person director company with name date |
| 2022-09-05 | AD01 | address | change registered office address company with date old address new address |
| 2022-07-12 | AUD | auditors | auditors resignation company |
| 2022-06-21 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-05-13 | AA | accounts | accounts with accounts type full |
| 2022-05-10 | TM01 | officers | termination director company with name termination date |
| 2021-06-14 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-05-26 | AA | accounts | accounts with accounts type full |
| 2020-07-07 | AA | accounts | accounts with accounts type full |
| 2020-06-25 | CS01 | confirmation-statement | confirmation statement with no updates |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Credit score requires extracted accounts data.
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