FUNDING CIRCLE LTD
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Cash
£39M
-20.1% vs 2024
Net assets
£169M
+47.9% vs 2024
Employees
677
-4.6% vs 2024
Profit before tax
£26M
+402.4% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £155,400,000 | £203,000,000 | +30.6% | |
| Operating profit | -£6,000,000 | £24,300,000 | +505% | |
| Profit before tax | -£8,500,000 | £25,700,000 | +402.4% | |
| Net profit | -£8,900,000 | £51,400,000 | +677.5% | |
| Cash | £48,800,000 | £39,000,000 | -20.1% | |
| Total assets less current liabilities | £120,500,000 | £173,900,000 | +44.3% | |
| Net assets | £114,100,000 | £168,800,000 | +47.9% | |
| Equity | £114,100,000 | £168,800,000 | +47.9% | |
| Average employees | 710 | 677 | -4.6% | |
| Wages | £55,200,000 | £55,400,000 | +0.4% | |
| Directors' remuneration | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | -3.9% | 12.0% | |
| Net margin | -5.7% | 25.3% | |
| Return on capital employed | -5.0% | 14.0% | |
| Gearing (liabilities / total assets) | 46.4% | 59.5% | |
| Current ratio | 1.78x | 1.44x | |
| Interest cover | -0.68x | 1.27x |
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.
Audit & accounting basis
- Accounting basis
- UK-adopted International Accounting Standards
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared on a going concern basis as the Directors are satisfied that the Company has the resources to continue in business for the foreseeable future (which has been taken as the 14 months from the date of approval of the financial statements to 30 Jun 2027).”
Group structure
- FUNDING CIRCLE LTD · parent
- Funding Circle Trustee Limited 100%
- Made To Do More Limited 100%
- Funding Circle Polaris Lending Limited 100%
- Funding Circle Focal Point Lending Limited 100%
- Funding Circle BB Limited 100%
- Funding Circle Eclipse Lending Limited 100%
- Funding Circle Horizon Lending Limited 100%
Significant events
- “In April 2025, the Company expanded into a shorter-term loan product offering fixed rate interest Term Loans between 6 and 24 month terms.”
- “Since the year end, an agreement was signed to sell the loans to a third party, alongside the signing of a forward flow agreement for the go forward origination of the product. The loans were sold with an economic cut-off date of 31 December 2025, for an amount materially aligned with their fair value at the balance sheet date resulting in net invested capital of c.£26 million being monetised.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JOANNOU, Tiana | Secretary | 2024-02-05 | — | — |
| ALLEN, Alexander Patrick James | Director | 2022-04-12 | Apr 1979 | British |
| JACOBS, Lisa Jane | Director | 2019-10-23 | Apr 1985 | British |
| KRIMI, Belkacem | Director | 2022-04-12 | Jul 1974 | French |
| NICOL, Anthony Richard Craig | Director | 2024-09-02 | Nov 1976 | British |
| STANNARD, Kenneth John | Director | 2025-04-23 | Feb 1966 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANTHONY, Vinotha | Secretary | 2022-10-19 | 2023-07-25 |
| COOK, Martin Andrew William | Secretary | 2017-12-12 | 2019-10-11 |
| HAWKINS, Charlotte | Secretary | 2019-10-11 | 2021-06-24 |
| MEEKINGS, James | Secretary | 2009-07-21 | 2012-05-16 |
| VERNALL, Lucy | Secretary | 2014-07-15 | 2017-12-12 |
| ZIRANOVA, Eugenia | Secretary | 2013-05-01 | 2014-05-09 |
| OVALSEC LIMITED | Corporate Secretary | 2012-05-16 | 2013-05-01 |
| DESAI, Samir | Director | 2009-07-21 | 2017-12-12 |
| EDMANS, Laurence Michael | Director | 2010-05-21 | 2011-03-09 |
| FERNANDEZ, Jerome | Director | 2023-10-26 | 2025-09-19 |
| GLITHERO, Sean Robert | Director | 2017-12-12 | 2020-04-07 |
| KING, Matthew James Wyatt | Director | 2015-09-22 | 2024-12-31 |
| LE LUEL, Jerome Yves | Director | 2019-10-08 | 2022-04-12 |
| LEAROYD, Andrew Digby | Director | 2010-02-25 | 2025-05-15 |
| MEEKINGS, James | Director | 2009-07-21 | 2019-12-30 |
| MORGAN, Alan William | Director | 2010-05-21 | 2011-03-09 |
| MULLINGER, Andrew Christopher Arthur | Director | 2009-10-27 | 2011-03-09 |
| RIMER, Neil | Director | 2011-03-09 | 2015-09-22 |
| WHITE, Oliver John | Director | 2020-06-15 | 2024-09-02 |
| WRAY, Edward James | Director | 2011-08-09 | 2020-04-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Funding Circle Holdings Plc | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 123 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-25 MA Memorandum articles
- 2022-11-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | AA | accounts | Accounts with accounts type full | |
| 2025-09-25 | MA | incorporation | Memorandum articles | |
| 2025-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-30 | CH01 | officers | Change person director company with change date | |
| 2025-05-23 | AA | accounts | Accounts with accounts type full | |
| 2025-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-23 | AA | accounts | Accounts with accounts type full | |
| 2024-02-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-31 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-27 | AA | accounts | Accounts with accounts type full | |
| 2023-07-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-07 | RESOLUTIONS | resolution | Resolution | |
| 2022-10-19 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.