STARTLINE MOTOR FINANCE 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

  +13.8%

  £100,278,255 → £114,092,483

• Cash

  +38.4%

  £36,698,816 → £50,773,949

• Net assets

  -21.2%

  £63,940,944 → £50,354,270

• Employees

  +13.1%

  183 → 207

• Profit before tax

  -2,357.9%

  -£681,737 → -£16,756,660

• Wages

  +7.5%

  £8,604,927 → £9,247,100

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis, and the Directors are satisfied that the Group and Company have the resources to continue in business for the foreseeable future (being 12 months from the date of signing of the financial statements).”

Group structure

1. STARTLINE MOTOR FINANCE LIMITED · parent
   1. Startline Auto Receivables Limited · Asset financing business
   2. Satus 2021-1 Plc · Securitisation entity
   3. Satus 2024-1 Plc · Securitisation entity

Significant events

• “In April 2024, under the terms of the Receivables Sale and Purchase Deed (dated 30 April 2024), the Group completed its second public asset backed securitisation by selling £446.2m of hire purchase ("HP") and personal contract purchase ("PCP") receivables to Satus 2024-1.”
• “The Group also successfully renewed its Senior Note Issuance Facility with JP Morgan in October 2024. The facility limit is £475m and has a five-year term.”
• “Additionally, and as permitted by the transaction documents, the Group exercised the portfolio repurchase option on Satus 2021-1 on 18 November 2024. This option resulted in the remaining outstanding notes (Classes D through F) being redeemed in full along with any accrued interest.”
• “On 11 January 2024, the FCA commenced a review into historical motor finance discretionary commission arrangements ("DCAs") and paused the handling of any complaints relating to the use of DCAs until September 2024.”
• “On 25 October 2024, the Court of Appeal ("CoA") handed down its judgement in the cases of Johnson, Wrench, and Hopcraft.”

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

Filings

6

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.