MI VEHICLE FINANCE LIMITED
Get an alert when MI VEHICLE FINANCE LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-11 (in 5mo)
Last made up 2025-09-27
Watchouts
None on the register
Cash
£35M
+39.3% vs 2024
Net assets
£14M
+744.1% vs 2024
Employees
0
Average over period
Profit before tax
£22M
+466.2% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £112,083,000 | £118,620,000 | |
| Operating profit | -£5,999,000 | £21,966,000 | |
| Profit before tax | -£5,999,000 | £21,966,000 | |
| Net profit | -£4,559,000 | £16,371,000 | |
| Cash | £25,141,000 | £35,032,000 | |
| Total assets less current liabilities | £987,337,000 | £1,030,447,000 | |
| Net assets | -£2,200,000 | £14,171,000 | |
| Equity | -£2,200,000 | £14,171,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | £630,000 | £709,000 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+5.8%
£112,083,000 £118,620,000
-
Cash
+39.3%
£25,141,000 £35,032,000
-
Net assets
+744.1%
-£2,200,000 £14,171,000
-
Employees
—
Not reported
-
Operating profit
+466.2%
-£5,999,000 £21,966,000
-
Profit before tax
+466.2%
-£5,999,000 £21,966,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -5.4% | 18.5% | |
| Net margin | -4.1% | 13.8% | |
| Return on capital employed | -0.6% | 2.1% | |
| Gearing (liabilities / total assets) | 100.1% | 99.0% | |
| Current ratio | 0.55x | 0.79x |
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.
Name history
Renamed 2 times since incorporation
- MI VEHICLE FINANCE LIMITED 2014-03-12 → present
- QUANTUM FUNDING LIMITED 2005-12-15 → 2014-03-12
- AARCO 264 LIMITED 2005-12-05 → 2005-12-15
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of current financial projections the directors have a reasonable expectation that the company has adequate resources to continue in operational existence up to at least 31 March 2027, which is a period greater than twelve months from the date of issue of the financial statements that aligns with internal budgeting processes. Accordi”
Significant events
- “On 15 October 2020, the company entered into a £400m securitisation funding arrangement with Cavern Funding 2020 PLC which has issued new A, B and C notes collateralised by a portfolio of hire purchase (including PCP contracts) agreements originated by MIVF.”
- “On the 25 October 2024, the Court of Appeal determined that motor dealers acting as credit brokers owe certain duties to disclose to their customers commission payable to them by lenders, and that lenders may have primary or secondary liability for motor dealers' nondisclosures.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAW, Connie Mei Ling | Secretary | 2010-02-23 | — | British |
| BUDD, Stephen Philip | Director | 2019-09-11 | Apr 1963 | British |
| COLLINS, James Stephen | Director | 2019-09-11 | May 1985 | British |
| HART, Andrew Stuart | Director | 2016-04-27 | May 1974 | British |
| ORTON, Peter James | Director | 2019-09-11 | Mar 1970 | British |
| SUMNER, Noel Justin, Mr. | Director | 2021-11-10 | May 1973 | British |
| ZIMUNHU, Margaret Dambudzo, Ms. | Director | 2021-11-10 | Sep 1981 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRERETON, Philip Michael | Secretary | 2006-10-11 | 2010-02-23 |
| BROWN, Ian William | Secretary | 2005-12-15 | 2006-10-11 |
| AARCO SERVICES LIMITED | Corporate Secretary | 2005-12-05 | 2005-12-15 |
| BRERETON, Philip Michael | Director | 2005-12-15 | 2010-02-23 |
| BUCHANAN, Paul | Director | 2005-12-15 | 2012-11-15 |
| CHARD, Michael Francis | Director | 2005-12-15 | 2007-04-10 |
| FRANCIS, Michael Richard | Director | 2010-02-23 | 2020-10-15 |
| HAGGETT, Linda | Director | 2005-12-15 | 2006-10-11 |
| HOWARD, Mark | Director | 2012-11-15 | 2015-12-31 |
| HUGHES, John Peter | Director | 2017-09-01 | 2025-03-31 |
| JENNER, Jo Javier | Director | 2015-07-14 | 2017-09-01 |
| PLUMRIDGE, Matthew Charles | Director | 2005-12-15 | 2010-02-23 |
| RAGAN, Paul Robert | Director | 2005-12-15 | 2006-10-11 |
| THOLET, Ryan James Eric, Mr. | Director | 2021-05-10 | 2025-08-15 |
| WOHLMAN, Ian Robert | Director | 2017-10-18 | 2021-11-10 |
| AARCO NOMINEES LIMITED | Corporate Director | 2005-12-05 | 2005-12-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Investec Asset Finance Plc | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm, right-to-appoint-and-remove-directors-as-firm | 2016-04-06 | Active |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-13 | AA | accounts | Accounts with accounts type full | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-05 | AA | accounts | Accounts with accounts type full | |
| 2023-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-21 | AA | accounts | Accounts with accounts type full | |
| 2022-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-22 | AA | accounts | Accounts with accounts type full | |
| 2021-11-30 | CH01 | officers | Change person director company with change date | |
| 2021-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-16 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-16 | AP01 | officers | Appoint person director company with name date | |
| 2021-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-21 | AP01 | officers | Appoint person director company with name date | |
| 2021-03-19 | AA | accounts | Accounts with accounts type full | |
| 2020-10-26 | TM01 | officers | Termination director company with name termination date | |
| 2020-10-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.