PROPEL FINANCE PLC

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

• Turnover

  -25.1%

  £686,205 → £513,855

• Cash

  -16.3%

  £543,079 → £454,741

• Net assets

  -60.8%

  £714,788 → £280,125

• Employees

  -2.1%

  190 → 186

• Operating profit

  -86.2%

  £795,647 → £109,702

• Profit before tax

  -24.3%

  -£710,573 → -£883,243

• Wages

  +4.4%

  £10,548,250 → £11,009,854

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

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.

1. PROPEL FINANCE PLC 2019-12-16 → present
2. HENRY HOWARD FINANCE PLC 2006-11-10 → 2019-12-16
3. HHF (SALES AID) PLC 2002-12-09 → 2006-11-10
4. HHF (SALES AID) LIMITED 2000-09-14 → 2002-12-09
5. HENRY HOWARD FINANCE (SALES AID) LIMITED 2000-06-15 → 2000-09-14

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on the assumption that the group is a going concern and will continue in operation for the foreseeable future. In making this assessment the Board has considered predominantly, but not exclusively, the group's closing net asset position, the FY 25-28 business plan, access to credit markets and recent covenant performance.”

Significant events

• “In the post balance sheet period we have further materially expanded our funding capacity through:- concluding on an initial £500m Committed Forward Flow facility with Barclays; concluding on a new £75m wholesale facility with Bank of America ("BofA"); concluding on a new £55m 'TopCo' mezzanine facility with Castlelake LP ("CL") which on funding replaces in whole the equivalent facility with Quilam Capital Ltd ("Quilam")”
• “Subsequent to the year end, the company has fully repaid the block discounting facilities with Mitsubishi HC Capital UK PLC and Aldermore Bank PLC as part of its ongoing management of funding capacity and liquidity.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.