SPEEDLOAN FINANCE LIMITED

• ⚠

  Material uncertainty over going concern

  In September 2019, Speedloan Finance Limited ceased its activities, and the directors made the decision to begin the process to wind down the company. These accounts have been prepared on the basis that the company is no longer a going concern, and appropriate adjustments have been made to the fair value of balances as disclosed in note 2 to these financial statements. The intention of management is to liquidate the company.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -86.5%

  £784 → £106

• Cash

  -20.1%

  £9,886 → £7,898

• Net assets

  -0.3%

  -£26,774,624 → -£26,842,955

• Employees

  0%

  2 → 2

• Operating profit

  -172.4%

  £28,407 → -£20,564

• Profit before tax

  -257.2%

  -£19,129 → -£68,331

• Wages

  +1.9%

  £65,000 → £66,249

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Hawsons Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In September 2019, Speedloan Finance Limited ceased its activities, and the directors made the decision to begin the process to wind down the company. These accounts have been prepared on the basis that the company is no longer a going concern, and appropriate adjustments have been made to the fair value of balances as disclosed in note 2 to these financial statements. The intention of management is to liquidate the company.”

Group structure

1. SPEEDLOAN FINANCE LIMITED · parent
   1. Speedloan PT Ventures Limited 100% · United Kingdom · Non-trading

Significant events

• “In September 2019, Speedloan Finance Limited ceased its activities, and the directors made the decision to begin the process to wind down the company.”
• “The company's sole purpose is limited to winding down procedures.”
• “The Company sold the pledge book on 30 September 2019 and as a result the company has ceased to trade with the intention to liquidate.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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