CLYDESDALE FINANCIAL SERVICES LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
-£413M
-154.8% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The financial statements have been prepared on a basis other than going concern, reflecting the Board approved strategy for an orderly run down of the Company's operations over the medium term.
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1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Going-concern uncertainty disclosed
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 | — | £53,915,000 | £64,083,000 | +18.9% | |
| Fee & commission income | — | £829,000 | -£223,000 | -126.9% | |
| Operating income | — | £54,743,000 | £63,858,000 | +16.7% | |
| Impairment losses | — | £13,286,000 | £20,065,000 | +51% | |
| Profit before tax | -£91,809,000 | -£162,238,000 | -£413,349,000 | -154.8% | |
| Net profit | -£70,301,000 | -£123,461,000 | -£311,459,000 | -152.3% | |
| Loans & advances to customers | — | £1,564,265,000 | £1,161,592,000 | -25.7% | |
| Customer deposits | — | — | — | — | |
| Total assets | £2,596,400,000 | £1,715,132,000 | — | — | |
| Total liabilities | — | £1,577,751,000 | £1,576,504,000 | -0.1% | |
| Equity | £96,389,000 | £137,381,000 | — | — | |
| Average employees | 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. 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 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 96.3% | 92.0% | — | |
| Current ratio | 1.10x | 1.07x | — |
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 1 time since incorporation
- CLYDESDALE FINANCIAL SERVICES LIMITED 1994-03-28 → present
- PINDLETON LIMITED 1994-02-23 → 1994-03-28
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The financial statements have been prepared on a basis other than going concern, reflecting the Board approved strategy for an orderly run down of the Company's operations over the medium term.”
Significant events
- “The Financial Conduct Authority's ("FCA") final published rules in March 2026 on Motor Commission resulted in an event meeting the definition of an adjusting event in accordance with IAS10, requiring an update to the measurement of the provision recognised as at 31 December 2025.”
- “Subsequent to the balance sheet date, the Board commenced implementation of a strategy for the orderly run down of the Company's operations over the medium term.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 52 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARCOSEC LIMITED | Corporate Secretary | 2003-05-19 | — | — |
| CHAPPLE, Louisa Fern | Director | 2024-01-01 | Sep 1982 | British |
| DAVIES, Julian Richard | Director | 2019-09-13 | Oct 1971 | British |
| MURPHY, Simon Paul | Director | 2024-05-29 | Nov 1978 | British |
| STEPHEN, Antony | Director | 2022-01-23 | Feb 1973 | American |
Show 52 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARKER, Jack | Secretary | 1994-03-09 | 1994-03-22 |
| BULLOCH, Gaynor Carruthers | Secretary | 2001-04-26 | 2011-05-13 |
| DOWDELLS, Stephen | Secretary | 1999-11-25 | 2001-01-25 |
| DWYER, Daniel John | Nominee Secretary | 1994-02-23 | 1994-03-09 |
| PHILLIPS, Elissa Leah | Secretary | 1994-03-22 | 1994-03-28 |
| PHILLIPS, Elissa Leah | Secretary | 1994-03-22 | 1999-11-25 |
| TJG SECRETARIES LIMITED | Corporate Secretary | 2001-01-25 | 2003-05-19 |
| ASHTON, Helen Jane | Director | 2008-04-29 | 2009-02-13 |
| ASTBURY, Mark Harvey Ayrton | Director | 1994-04-28 | 1996-06-04 |
| BANKS, Richard David William | Director | 2001-01-25 | 2004-05-28 |
| BARKER, Jack | Director | 1994-03-09 | 1994-03-22 |
| BRITTON, Michael John | Director | 2015-05-28 | 2018-10-31 |
| CALLISON, Ann | Director | 2021-02-09 | 2023-06-30 |
| CAMPBELL, Ian Peter | Director | 1994-03-22 | 1996-06-04 |
| CARLIER, Tim | Director | 2006-11-13 | 2007-06-21 |
| CROOK, Peter Stuart | Director | 2003-05-19 | 2005-03-01 |
| DAVIES, Richard Llewellyn | Director | 2005-09-22 | 2007-01-31 |
| DAVIS, Gregory Richard | Director | 2020-09-21 | 2021-02-26 |
| DENHOLM, Ronald | Director | 2011-03-17 | 2016-02-29 |
| DOYLE, Betty June | Nominee Director | 1994-02-23 | 1994-03-09 |
| DUDANI, Anjli | Director | 2011-07-04 | 2014-08-05 |
| DWYER, Daniel John | Nominee Director | 1994-02-23 | 1994-03-09 |
| EVANS, Alan Guy | Director | 2001-01-25 | 2009-07-17 |
| FAIRBANK, Stephen | Director | 1994-03-22 | 1996-06-04 |
| FRANK, Karen Ann | Director | 2020-04-09 | 2020-06-01 |
| GRIMES, Michael Leonard Julian | Director | 1994-03-09 | 1994-03-22 |
| GRIVE, Kean | Director | 2014-10-08 | 2015-05-07 |
| HASAN, Syed Naseerul | Director | 2020-08-07 | 2021-02-15 |
| HESS, Curt John | Director | 2009-06-04 | 2010-01-18 |
| HOWELLS, Marc Richard | Director | 2007-07-05 | 2008-03-06 |
| JONES, Malcolm Vaughan | Director | 2015-06-18 | 2018-03-23 |
| JONES, Samuel Robert | Director | 2001-01-25 | 2004-11-23 |
| KEENS, David Wilson | Director | 1999-11-25 | 2001-01-25 |
| KELLING, Konrad Xavier | Director | 2017-07-31 | 2019-12-08 |
| KENDALL, Ian Peter Wheeler | Director | 1994-03-22 | 1994-04-22 |
| MAYNARD, Kenneth William | Director | 1996-03-04 | 1998-10-23 |
| MCDONALD, Ian | Director | 2001-06-01 | 2004-05-25 |
| MCHUGH, Philip Christopher | Director | 2010-03-26 | 2010-07-05 |
| MEIKLE, Wendy Mary | Director | 2006-11-13 | 2007-10-15 |
| MILLER, Susanne | Director | 2010-06-25 | 2015-02-27 |
| MURRAY, Craig William | Director | 1996-02-01 | 2010-02-08 |
| NEWBERY, Mark | Director | 2023-03-03 | 2024-04-23 |
| NOBLE, Paul | Director | 2009-08-06 | 2011-07-04 |
| O'DONOVAN, Sarah-Jayne | Director | 2016-01-20 | 2019-12-08 |
| PAGE, Marc Stephen | Director | 2021-05-07 | 2023-11-30 |
| PHILLIPS, Elissa Leah | Director | 1994-03-25 | 1997-02-23 |
| RADLEY, Neil Andrew | Director | 2009-06-04 | 2011-03-17 |
| SOMMERS, Richard Francis | Director | 2004-01-26 | 2005-04-12 |
| THOMSON, William Robert | Director | 2006-11-13 | 2009-01-09 |
| TURNER, Paul Gerard | Director | 2005-06-22 | 2006-06-30 |
| WHITE, Jeff | Director | 2001-11-05 | 2004-06-11 |
| WOOD, Christopher Mark | Director | 2018-12-18 | 2019-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Barclays Principal Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-05-16 | Active |
| Carnegie Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2025-05-16 |
Filing timeline
Last 20 of 238 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-21 | AA | accounts | Accounts with accounts type full | |
| 2026-02-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-23 | SH01 | capital | Capital allotment shares | |
| 2025-05-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-13 | AA | accounts | Accounts with accounts type full | |
| 2025-02-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-03 | SH01 | capital | Capital allotment shares | |
| 2024-06-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-13 | AA | accounts | Accounts with accounts type full | |
| 2024-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-13 | CH01 | officers | Change person director company with change date | |
| 2024-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-23 | AA | accounts | Accounts with accounts type full | |
| 2023-07-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-10 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- 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.