SPECIALIST MOTOR FINANCE LIMITED

• ◆

  3 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

  +2%

  £34,207,660 → £34,883,874

• Cash

  -35.6%

  £13,770,532 → £8,872,399

• Net assets

  -25.4%

  £37,689,221 → £28,119,144

• Employees

  —

  Not reported

• Operating profit

  -27%

  £16,830,965 → £12,291,352

• Profit before tax

  -169.5%

  £2,769,169 → -£1,924,752

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. SPECIALIST MOTOR FINANCE LIMITED 2010-07-14 → present
2. I.M. FINANCIAL SERVICES LIMITED 2008-01-28 → 2010-07-14
3. THE FUNDING CORPORATION (3) LIMITED 2005-08-24 → 2008-01-28

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Therefore, the Directors have a reasonable expectation that the company 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.”

Significant events

• “In October 2024, following a strategic review, the Directors formally made the decision to cease originating new loans and focus the strategy of the business on the successful collection of the outstanding SMF loan book. It is planned to develop a collections business that could attract external consumer loan books and continue to maintain high levels of Conduct, Compliance and Oversight.”
• “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 have found in favour of Johnson. The Supreme Court found that the commission on Johnson's finance agreement was excessive as it made a substantial part of the financing agreement. Due to the excessive commission and the characteristics of the customer they have ruled that there was an unfair relationship between the broker and the customer. The Financial Conduct Authority ("FCA") have initiated a consultation process on an industry-wide scheme to compensate motor finance customers who were treated unfairly.”

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

2

last 12 months

Officers resigned

3

last 12 months

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