LONDON FORFAITING COMPANY LIMITED
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Cash
—
Latest balance sheet
Net assets
£63M
USD 84,484,707
+6% vs 2024
Employees
37
-5.1% vs 2024
Profit before tax
£4.6M
USD 6,110,034
-44.4% lowest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Net interest income | — | -£13,264,237 | -£11,580,484 | +12.7% | |
| Fee & commission income | — | £1,335,883 | £906,127 | -32.2% | |
| Operating income | — | £28,395,258 | £23,543,614 | -17.1% | |
| Impairment losses | — | — | — | — | |
| Profit before tax | £8,483,752 | £8,233,894 | £4,574,063 | -44.4% | |
| Net profit | £6,466,121 | £6,169,451 | £3,573,246 | -42.1% | |
| Loans & advances to customers | — | £205,669,485 | £332,981,286 | +61.9% | |
| Customer deposits | — | — | — | — | |
| Total assets | £310,906,229 | £208,523,560 | £336,799,604 | +61.5% | |
| Total liabilities | — | £148,850,282 | £273,553,080 | +83.8% | |
| Equity | £87,940,121 | £59,673,278 | £63,246,524 | +6% | |
| Average employees | — | 39 | 37 | -5.1% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 74.8% | 75.7% | — | |
| Net margin | 23.1% | 21.7% | — | |
| Gearing (liabilities / total assets) | 71.7% | 71.4% | 81.2% | |
| Current ratio | 1.39x | 1.40x | — | |
| Interest cover | 1.68x | 1.62x | — |
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.
Name history
Renamed 2 times since incorporation
- LONDON FORFAITING COMPANY LIMITED 2003-11-11 → present
- LONDON FORFAITING COMPANY PLC 1984-03-29 → 2003-11-11
- ELTONLAND LIMITED 1983-06-22 → 1984-03-29
Audit & accounting basis
- Accounting basis
- UK-adopted IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered a severe but plausible downside scenario and still confirm that the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the Company to continue as a going concern. Both the Company financial statements and the Group financial statements have been prepared on a going concern basis.”
Group structure
- LONDON FORFAITING COMPANY LIMITED · parent
- London Forfaiting International Limited 100%
- London Forfaiting Americas Inc. 100%
- London Forfaiting do Brasil Ltda. 100%
Significant events
- “The Company has evaluated the potential impact of the ongoing Gulf crisis on its operations and financial position. Management has determined that the impact is not significant at this time and will continue to monitor the situation going forward.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RAMZAN, William | Secretary | 2009-10-23 | — | — |
| ABBOUCHI, Samer | Director | 2024-04-24 | May 1982 | Lebanese |
| BAKALLI, Teuta | Director | 2025-01-02 | Jun 1971 | British |
| GRECH, John Carmel, Dr | Director | 2016-05-09 | Aug 1948 | Maltese |
| LALANI, Hussain Abdul Aziz | Director | 2019-07-18 | Aug 1975 | Pakistani |
| LAY, Simon Jethro | Director | 2024-08-27 | Sep 1957 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BONADIES, Raffaella Maria Rosaria, Dr | Secretary | 2007-02-12 | 2009-10-23 |
| DEEGAN, Jayne | Secretary | 2001-11-23 | 2002-02-12 |
| ELLINGTON, Geraldine Mary | Secretary | 2002-02-12 | 2005-04-07 |
| ELLINGTON, Geraldine Mary | Secretary | 1993-09-02 | 1997-07-11 |
| LUTSCHG EMMENEGGER, Margrith | Secretary | 2005-04-07 | 2007-02-12 |
| PALMER, Martin Trevor Digby | Secretary | 1997-07-11 | 2001-11-23 |
| SAVVIDES, Marios | Secretary | — | 1993-09-02 |
| AL SALEH, Najeeb Hamad Musaad | Director | 2003-08-29 | 2012-05-20 |
| AL-AJEEL, Majed Essa Ahmed | Director | 2015-08-03 | 2023-05-04 |
| BUCKLEY, Peter Neville | Director | — | 1993-04-20 |
| BURGESS, David Patrick Henry | Director | — | 2003-09-24 |
| CHAUHAN, Arun Pratap | Director | 2003-09-02 | 2005-04-26 |
| DAVENPORT, Michael | Director | 1996-04-24 | 2003-09-12 |
| FEKIH AHMED, Mohamed, Mr. | Director | 2014-04-23 | 2023-05-04 |
| FREEMAN, Andrew Thomas Menzies | Director | 2003-09-15 | 2005-12-31 |
| FROST, Robert James | Director | 2015-08-03 | 2019-07-02 |
| HARDMAN, Blaise Noel Anthony | Director | 1993-04-20 | 1996-04-24 |
| JOHNS, Michael Charles | Director | — | 2001-05-31 |
| KNIGHT, Tony | Director | 2011-04-01 | 2016-02-09 |
| KNIGHT, Tony | Director | 2011-01-01 | 2011-01-01 |
| LAY, Simon Jethro, Mr. | Director | 2006-01-01 | 2016-05-09 |
| LAY, Simon Jethro | Director | 1997-09-09 | 2003-08-29 |
| LILLEY, David Richard | Director | 1997-09-09 | 2003-08-29 |
| LOUHAB, Mohammed | Director | 2023-05-04 | 2024-08-01 |
| LUCAS, Ian David | Director | 2011-04-01 | 2016-02-09 |
| LUCAS, Ian David | Director | 2011-01-01 | 2011-01-01 |
| LUTSCHG EMMENEGGER, Margrith | Director | 2003-08-29 | 2015-01-15 |
| OOI, Boon Aun | Director | 1994-02-25 | 1999-01-25 |
| PAPADOPOULOS, Victor Nicou | Director | — | 2000-06-30 |
| PAPOUTES, Efstathios Aristotelous | Director | — | 2003-08-29 |
| PRETECEILLE, Raphael Jean-Marc | Director | — | 2000-06-30 |
| ROTHWELL, Stephen | Director | 1996-09-10 | 2000-06-30 |
| ROY, Claude Lucien Joseph | Director | 2003-08-29 | 2005-04-26 |
| SAMANI, Pravin Popatlal | Director | — | 2003-08-29 |
| SCHUMACHER, Erich | Director | 2023-05-04 | 2024-04-24 |
| WEST, Mark Andrew | Director | — | 2000-06-30 |
| WILSON, Jack (John) Arnold Gustafson | Director | — | 2003-08-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fimbank Plc | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 326 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-03 | AA | accounts | Accounts with accounts type group | |
| 2026-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-21 | AA | accounts | Accounts with accounts type group | |
| 2025-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-22 | AA | accounts | Accounts with accounts type group | |
| 2024-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-29 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-05-29 | SH20 | capital | Legacy | |
| 2024-05-29 | CAP-SS | insolvency | Legacy | |
| 2024-05-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-06 | SH01 | capital | Capital allotment shares | |
| 2023-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-16 | TM01 | officers | Termination director company with name termination date |
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.