THE FUNDING CORPORATION LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  +33.8%

  £10,344,565 → £13,843,002

• Cash

  -18.8%

  £3,323,461 → £2,699,683

• Net assets

  -13.2%

  £11,760,845 → £10,211,610

• Employees

  +23.3%

  116 → 143

• Operating profit

  -661.2%

  £431,890 → -£2,423,559

• Profit before tax

  -366.1%

  £772,655 → -£2,056,284

• Wages

  +34.3%

  £4,100,571 → £5,507,932

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Therefore, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future and accordingly, they have continued to adopt the going concern basis in preparing the financial statements.”

Group structure

1. THE FUNDING CORPORATION LIMITED · parent
   1. The Funding Corporation (1) Limited 100% · United Kingdom
   2. The Funding Corporation (2) Limited 100% · United Kingdom
   3. Cygnet Financial Services Limited 100% · United Kingdom
   4. The Funding Corporation (4) Limited 100% · United Kingdom
   5. ACF Car Finance Limited 100% · United Kingdom
   6. The Funding Corporation (Benton) Limited 100% · United Kingdom
   7. County Leasing & Finance Limited 100% · United Kingdom

Significant events

• “On the 16 June 2025, all staff employed by The Funding Corporation Limited were transferred to Specialist Motor Finance Services Limited. From this date, there are no staff employed by The Funding Corporation Limited.”
• “On the 6th March 2025, the company reduced the value of its Share Capital with each share reducing in value from £1.00 to £0.01 meaning that the total share capital reduced from £40,732,100 to £407,321. As part of this resolution, the Capital Redemption Reserve reduced from £4,348 to nil. The proceeds of the capital redemption are subsequently treated as distributable reserves of the company”
• “On the 7 March 2025, the company declared a dividend of £8,000,000, the majority of this was settled against balances due from related parties.”
• “During October 2025 The FCA issued a consultation paper (CP25/27) which proposes a redress framework related to historic undisclosed commission arrangements in the motor finance market. A provision of £2.22m is included within these financial statements which represents the directors' best view of the financial liability.”
• “On 11 December 2024, the Supreme Court granted Permission to Appeal in the cases of Hopcraft, Wrench and Johnson. On 1 August 2025 the Supreme Court passed their Judgement on the above cases. The Supreme Court rejected the claims of Hopcraft and Wrench, however they found in favour of Johnson.”
• “The Financial Conduct Authority ("FCA") has issued Consultation Paper CP25/27 - Motor Finance Consumer Redress Scheme, which proposes a redress framework relating to historic undisclosed commission arrangements in the motor finance market.”

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

Filings

8

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

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