CLYDESDALE BANK ASSET FINANCE LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-15 (in 3mo)
Last made up 2025-08-01
Watchouts
Cash
£0
Latest balance sheet
Net assets
£100K
Equity attributable
Employees
—
Average over period
Profit before tax
£0
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 2 times since incorporation
- CLYDESDALE BANK ASSET FINANCE LIMITED 1998-02-23 → present
- CLYDE GENERAL FINANCE LIMITED 1989-02-01 → 1998-02-23
- MODERNMOTION LIMITED 1988-10-04 → 1989-02-01
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2023-09-30 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | £480,000 | £0 | |
| Net profit | £375,000 | £0 | |
| Cash | £11,561,000 | £0 | |
| Total assets less current liabilities | — | — | |
| Net assets | £12,090,000 | £100,000 | |
| Equity | £11,984,000 | £100,000 | |
| Average employees | — | — | |
| 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 | 2023-09-30 | 2025-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 0.0% | 0.0% |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have made an assessment of the Company's ability to continue as a going concern and have considered a number of factors. The Company has ceased trading with only residual winding down transactional activity ongoing. Subsequent to completion of these activities, it is intended that the Company will become dormant. There are no immediate plans to liquidate the Company and the Directors are satisfied that it has the resources to continue in business for at least 12 months from the approval of the financial statements. Accordingly, the Directors adopt the going concern basis in preparing the Annual report and financial statements.”
Significant events
- “In July 2023, the Company applied to cancel its permissions with the Financial Conduct Authority (FCA), following the cessation of its regulated activities. On 14 December 2023, the FCA confirmed cancellation of the Company's permissions.”
- “Following the acquisition of Virgin Money by Nationwide Building Society (Nationwide) on 1 October 2024, the Company's accounting reference date was changed from 30 September to 31 March in order to align to Nationwide's accounting reference date.”
- “The Company ceased trading in September 2022 and has not provided any new instalment credit asset finance facilities to customers nor is there an intention to write any in the future.”
- “During the period, the Company declared interim dividends totalling £11,884k.”
- “Ordinary shares totalling £6,000k were cancelled during the period in order to simplify the Company's issued share capital.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 52 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NBS COSEC LIMITED | Corporate Secretary | 2025-07-31 | — | — |
| BATES, Peter John | Director | 2026-02-11 | Jan 1980 | British |
| SHUFFLETON, Joanne Lucy | Director | 2026-02-11 | Sep 1982 | British |
| WRIGHT, Jason Leslie | Director | 2026-02-11 | Nov 1970 | British |
Show 52 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DUNCAN, Graeme | Secretary | 2014-08-04 | 2025-07-31 |
| MACINTOSH, Keith William | Secretary | — | 1996-09-30 |
| MCMILLAN, Lorna Forsyth | Secretary | 2011-01-25 | 2014-08-05 |
| SHAW, Myshele | Secretary | 2003-07-31 | 2006-02-28 |
| SHIRRAN, Jane Lindsay | Secretary | 1998-06-15 | 2003-07-31 |
| STEWART, Alan James | Secretary | 1996-09-30 | 1998-06-15 |
| WEBBER, Michael Frank | Secretary | 2006-03-01 | 2011-01-25 |
| ABRAHAMS, Clifford James | Director | 2021-03-08 | 2024-12-15 |
| ASLET, Peter Michael | Director | 1993-04-26 | 1995-11-01 |
| BARR, Ian Henry | Director | 2001-10-11 | 2013-09-24 |
| BELMORE, Judith Murray | Director | 2014-08-27 | 2017-06-30 |
| BRICE, Robert Wayne | Director | 1995-08-03 | 1996-08-16 |
| BROWN, Douglas Robert George Campbell | Director | 2013-09-10 | 2019-06-25 |
| BURNS, Thomas | Director | 2005-09-02 | 2007-06-25 |
| CAMPBELL, Colin Robertson | Director | 2003-03-31 | 2005-09-02 |
| CARNEGIE, Keith James | Director | 2007-06-25 | 2010-02-09 |
| CHATER, Hugh Leathley | Director | 2021-10-01 | 2023-11-08 |
| CICUTTO, Francis John | Director | 1994-03-21 | 1996-03-01 |
| COLE-HAMILTON, Arthur Richard | Director | — | 1992-11-02 |
| COLE-HAMILTON, Arthur Richard | Director | — | 1990-02-07 |
| COOK, John | Director | — | 1992-09-25 |
| CORBETT, Iain Drummond | Director | 2013-09-10 | 2017-07-20 |
| CORNER, Douglas Robertson | Director | 1992-08-15 | 1995-05-31 |
| GOODWIN, Frederick Anderson | Director | 1995-04-24 | 1998-07-31 |
| GREEN, Kenneth Charles | Director | — | 1990-07-27 |
| HALLIDAY, Gavin Jackson | Director | 2017-08-29 | 2020-04-23 |
| HAMILTON, Neil Thomas Hunter | Director | — | 1991-05-01 |
| HART, Michael James | Director | 2017-07-20 | 2017-09-07 |
| KERR, Donald | Director | 2017-12-04 | 2018-11-21 |
| LOVE, Charles Marshall | Director | 1992-10-01 | 1993-12-28 |
| MCGEE, David John | Director | 1998-10-09 | 2003-02-07 |
| MCMILLAN, Lorna Forsyth | Director | 2012-11-20 | 2014-08-27 |
| MCNEILLAGE, James Kean | Director | 1990-10-30 | 1993-03-02 |
| MYERS, Kathleen Mary | Director | 2011-07-15 | 2012-11-29 |
| OPPERMAN, Gavin Rodney | Director | 2020-04-23 | 2021-10-01 |
| ORME, Steven Derek Stanley | Director | 2010-02-09 | 2011-06-17 |
| PATRIZI, Allegra Cristina | Director | 2023-11-08 | 2024-10-28 |
| QUEEN, John Eadie | Director | 1998-10-11 | 2000-06-30 |
| QUEEN, John Eadie | Director | 1990-07-30 | 1996-04-19 |
| RHODES, Christopher Stuart | Director | 2024-10-29 | 2026-02-11 |
| ROBERTSON, David Ritchie | Director | — | 1991-09-30 |
| SLATER, Gavin Robin | Director | 2005-09-12 | 2007-06-25 |
| SMITH, Ian Stuart | Director | 2020-04-23 | 2020-10-14 |
| SOMMERVILLE, William | Director | 2001-10-11 | 2003-04-07 |
| STEWART, Alan James | Director | 1998-01-19 | 1998-06-30 |
| THOMPSON, Anthony Richard | Director | 2017-09-07 | 2020-01-24 |
| THUNDERCLIFFE, Mark John | Director | 2020-10-14 | 2021-03-07 |
| WEANIE, Peter Robert | Director | 1996-10-01 | 2001-05-31 |
| WEBSTER, Alan Watt | Director | 1993-08-26 | 1996-10-01 |
| WILLIS, Graeme Douglas | Director | 1996-04-26 | 1998-09-18 |
| WRIGHT, John Robertson | Director | 1998-09-07 | 2000-06-30 |
| ZABORSZKY, Gergely Mark | Director | 2025-03-04 | 2026-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nationwide Building Society | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-04-02 | Active |
| Clydesdale Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2026-04-02 |
Filing timeline
Last 20 of 240 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-11 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-05 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-07-30 | AA | accounts | Accounts with accounts type full | |
| 2025-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-01 | AA01 | accounts | Change account reference date company current extended | |
| 2024-07-04 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-07-04 | SH20 | capital | Legacy | |
| 2024-07-04 | CAP-SS | insolvency | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 2
- Officers appointed
- 4
- Officers resigned
- 3
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 → FY2025 · period ending 2025-03-31 vs 2023-09-30