UK CREDIT LIMITED

• ◆

  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

  -85%

  £2,656,000 → £398,000

• Cash

  +38.2%

  £301,000 → £416,000

• Net assets

  -58.1%

  £5,773,000 → £2,417,000

• Employees

  -54.4%

  57 → 26

• Operating profit

  +38%

  -£1,409,000 → -£874,000

• Profit before tax

  +38%

  -£1,409,000 → -£874,000

• Wages

  -58.7%

  £1,964,000 → £811,000

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

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. 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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Lovewell Blake LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are required to make an assessment of the Company's ability to continue to trade as a going concern. The Directors have given this matter careful consideration and, in light of the above matters, have concluded that it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “In January 2024 the Company ended its agreement with its sister company Norwich Trust Limited ("NorT"), to act as originator for further new loan assets, and servicer to maintain Unsecured Homeowner Loans ("UHL") customer's accounts for NorT. Following recipt of the appropriate permissions from the regulator, NorT took on responsibility for originating its own loans and managing its own customer accounts through the TUPE of staff from the Company to NorT. The Company has for the majority of the year therefore been managing its own run off book of Guarantor loans.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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