ALTERNATIVE BRIDGING CORPORATION LIMITED

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

  +8%

  £24,501,866 → £26,466,378

• Cash

  -46.7%

  £14,072,711 → £7,504,190

• Net assets

  -0.4%

  £2,938,827 → £2,925,890

• Employees

  0%

  7 → 7

• Operating profit

  -52.7%

  £1,950,827 → £923,370

• Profit before tax

  -52.7%

  £1,950,827 → £923,370

• Wages

  -40.5%

  £70,000 → £41,636

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. ALTERNATIVE BRIDGING CORPORATION LIMITED 2010-06-08 → present
2. TEALMATE LIMITED 2010-03-18 → 2010-06-08

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Grant Harrod Lerman Davis LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. ALTERNATIVE BRIDGING CORPORATION LIMITED · parent
   1. Property Finance Capital Limited 100% · United Kingdom · The provision of short term secured lending.
   2. Property Finance Nominees (No.3) Limited 100% · United Kingdom · The provision of short term secured lending.
   3. Jaeger Alternative Finance Corporation Limited 60% · United Kingdom · The provision of short term secured lending
   4. Alternative Bridging Corporation (Cheval) Limited 90% · United Kingdom · The provision of short term regulated lending.
   5. Alternative Bridging (UK 1) Limited 100% · United Kingdom · The provision of short term secured lending
   6. Property Finance Capital (No.2) Limited 100% · United Kingdom · The provision of short term secured lending
   7. Alternative Bridging (UK 2) Limited 100% · United Kingdom · The provision of short term secured lending
   8. Property Finance Capital (No.3) Limited 100% · United Kingdom · The provision of short term secured lending
   9. Alternative Bridging (Management) Limited 75% · United Kingdom · The provision of short term secured lending
   10. Alternative Development Finance Limited 100% · United Kingdom · The provision of short term secured lending
   11. Alternative Property Finance Limited 100% · United Kingdom · Dormant

Significant events

• “In June we completed on our first private securitisation and sold a portfolio of loans totalling £66,524,160 into the securitisation vehicle, where we remain the loan servicer. Our plan to maximise the benefit of the lower cost of funds within this vehicle and to grow the various loan books across the group. New loan completions have increased since July 2024 and we are now back on track to achieve the growth we have planned for.”

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

Filings

14

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.