ASSETFINANCE MARCH (D) LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-06 (in 2mo)
Last made up 2025-06-22
Watchouts
Cash
—
Latest balance sheet
Net assets
£2M
+0.3% vs 2024
Employees
0
Average over period
Profit before tax
£9K
+100.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Company has been reviewed for liquidation and liquidation plan is in progress. Lease contracts in their secondary period will be terminated or transferred to other HSBC Group companies and the Company will cease trading. The Company will be liquidated in the foreseeable future.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£1,676,692 | £9,004 | |
| Profit before tax | -£1,676,692 | £9,004 | |
| Net profit | -£1,257,520 | £6,752 | |
| Cash | — | — | |
| Total assets less current liabilities | £2,479,047 | £2,485,799 | |
| Net assets | £2,479,047 | £2,485,799 | |
| Equity | £2,479,047 | £2,485,799 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | £0 | £0 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
+0.3%
£2,479,047 £2,485,799
-
Employees
—
Not reported
-
Operating profit
+100.5%
-£1,676,692 £9,004
-
Profit before tax
+100.5%
-£1,676,692 £9,004
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Return on capital employed | -67.6% | 0.4% | |
| Gearing (liabilities / total assets) | 5.3% | 0.3% | |
| Current ratio | 9.25x | 183.13x | |
| Interest cover | -167.67x | — |
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.
Name history
Renamed 2 times since incorporation
- ASSETFINANCE MARCH (D) LIMITED 1999-09-27 → present
- MIDLAND MONTAGU LEASING (GB) LIMITED 1980-12-31 → 1999-09-27
- STAVWING LIMITED 1980-10-24 → 1980-12-31
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Company has been reviewed for liquidation and liquidation plan is in progress. Lease contracts in their secondary period will be terminated or transferred to other HSBC Group companies and the Company will cease trading. The Company will be liquidated in the foreseeable future.”
Significant events
- “The Company has been reviewed for liquidation and liquidation plan is in progress. Lease contracts in their secondary period will be terminated or transferred to other HSBC Group companies and the Company will cease trading. The Company will be liquidated in the foreseeable future.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 56 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BALACHANDRAN, Sacha | Director | 2021-12-17 | Mar 1971 | British |
| OSBORNE, Matthew James | Director | 2025-07-31 | Oct 1974 | British |
| RUS, Ramona, Ms. | Director | 2025-02-11 | Nov 1985 | Romanian |
Show 56 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAYER, George William | Secretary | 2008-02-21 | 2008-09-12 |
| DEAN, Katherine | Secretary | 2013-07-24 | 2015-05-26 |
| FURTADO, Ellroy Victor, Mr. | Secretary | 2019-02-08 | 2021-03-30 |
| GOTT, Sarah Caroline | Secretary | 2008-10-01 | 2011-11-29 |
| MCKENZIE, John Hume | Secretary | 1992-05-06 | 2001-07-01 |
| MCQUILLAN, Pauline Louise | Secretary | 2006-05-08 | 2008-02-21 |
| MUSGROVE, Robert Hugh | Secretary | 2001-07-01 | 2002-11-15 |
| NIVEN, Frances Julie | Secretary | 2004-06-11 | 2005-07-08 |
| PEARCE, Mark Vivian | Secretary | 2002-11-15 | 2004-06-11 |
| RAJU, Pragnaa, Ms. | Secretary | 2021-03-30 | 2022-11-23 |
| RANGER, Molly | Secretary | 2018-02-28 | 2019-02-08 |
| READ, Alice | Secretary | 2005-07-08 | 2006-05-08 |
| WILSON, Larissa | Secretary | 2015-05-26 | 2017-03-22 |
| WOOD, Hollie Rheanna | Secretary | 2011-11-29 | 2013-07-24 |
| YOUSSOUF, Lorna | Secretary | 2017-03-22 | 2017-12-08 |
| ALDRIDGE, Peter Colin | Director | 1994-05-03 | 1997-04-14 |
| BARKER, Fiona Ann | Director | 2010-06-04 | 2013-06-21 |
| BENCARD, Robin Louis Henning | Director | 2005-03-14 | 2005-05-04 |
| BOTTOMLEY, Stephen Andrew | Director | 2004-07-26 | 2007-07-19 |
| BROOKES, Malcolm James | Director | 2003-12-19 | 2011-06-09 |
| BROWNE, Ian James | Director | 1994-03-01 | 1995-04-04 |
| BULFORD, Bryan | Director | 2015-06-19 | 2019-04-25 |
| CARNEY, Brian | Director | 2000-04-01 | 2002-12-30 |
| CARVER, Robert Francis | Director | 2012-05-22 | 2014-10-13 |
| DEVENISH, William Frederick | Director | 1997-04-14 | 2003-09-01 |
| DICKINSON, Joanne Marie | Director | 2024-02-21 | 2025-07-31 |
| EVANS, Geoffrey William | Director | — | 1998-03-16 |
| GILMAN, David William | Director | — | 2003-10-31 |
| HARRIS, Mark | Director | 2015-12-02 | 2022-12-31 |
| HEWITT, Gavin Paul | Director | 2011-08-11 | 2015-01-23 |
| HOLMES, Timothy Victor | Director | 2004-07-26 | 2005-12-31 |
| HOLMES, Timothy Victor | Director | 1997-04-01 | 2002-12-30 |
| KELL, Christopher Raymond | Director | 2002-12-30 | 2004-07-26 |
| KENNY, Mary Bridget | Director | 2007-06-29 | 2008-12-03 |
| LANE, Robert David | Director | 2002-12-30 | 2004-07-26 |
| LEECH, Ian Robert | Director | — | 1993-04-01 |
| LELONG, Richard | Director | 2015-06-19 | 2015-09-30 |
| LESTER, Edward Paul | Director | — | 1994-04-29 |
| MCELROY, Robert Ian | Director | 2017-01-25 | 2019-03-29 |
| MEAD, David Harry | Director | 2003-10-31 | 2005-05-04 |
| OWEN CONWAY, Gareth | Director | 2005-03-14 | 2005-05-04 |
| OWEN-CONWAY, Gareth | Director | 2011-12-21 | 2018-12-10 |
| PICKEN, Graham Edward | Director | — | 2002-12-30 |
| QUINN, Noel Paul | Director | 2007-07-19 | 2011-03-31 |
| QUINN, Noel Paul | Director | 1997-04-01 | 2000-03-31 |
| RAO, Jodi Emma, Ms. | Director | 2019-04-25 | 2023-12-31 |
| RIGBY, Adrian Timothy | Director | 2009-06-09 | 2012-05-22 |
| ROTHBURY, Miles Edward | Director | 2021-03-30 | 2021-06-30 |
| RUSSELL-BROWN, Michael John | Director | 2006-01-01 | 2015-06-02 |
| SMITHSON, Keith Victor | Director | 1997-04-01 | 1999-07-30 |
| SPENCER, Paul Jonathan | Director | 2009-01-20 | 2010-06-04 |
| STEIN, Wallace George William | Director | 1997-04-01 | 2000-03-31 |
| SUBRAMANIAN, Nivedita | Director | 2015-12-02 | 2017-01-25 |
| TURNER, Desmond Richard | Director | 2004-07-26 | 2005-05-04 |
| TURNER, Will | Director | 2023-09-29 | 2024-12-31 |
| WILKINSON, Nigel John Lewis | Director | 2003-09-01 | 2005-03-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hsbc Equipment Finance (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-26 | Active |
Filing timeline
Last 20 of 260 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-26 | MR05 | mortgage | Mortgage charge whole cease with charge number | |
| 2025-12-29 | AA | accounts | Accounts with accounts type full | |
| 2025-07-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-30 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-07 | CH01 | officers | Change person director company with change date | |
| 2024-03-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-16 | AA | accounts | Accounts with accounts type full | |
| 2024-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-21 | AA | accounts | Accounts with accounts type full | |
| 2022-11-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-06-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-14 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.