ALTERNATIVE COMMERCIAL FINANCE LIMITED
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-08-31
Confirmation statement due
2026-06-12 (in 1mo)
Last made up 2025-05-29
Watchouts
Cash
£2M
+64.4% vs 2023
Net assets
£650K
+18.9% vs 2023
Employees
6
0% vs 2023
Profit before tax
£252K
-9.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-08-31
| Metric | Trend | 2023-08-31 | 2024-08-31 |
|---|---|---|---|
| Turnover | £17,169,597 | £15,486,407 | |
| Operating profit | £844,064 | £810,438 | |
| Profit before tax | £278,487 | £252,352 | |
| Net profit | £263,116 | £202,414 | |
| Cash | £1,084,704 | £1,783,614 | |
| Total assets less current liabilities | £16,907,605 | £17,011,120 | |
| Net assets | £546,505 | £650,020 | |
| Equity | £546,505 | £650,020 | |
| Average employees | 6 | 6 | |
| Wages | £208,113 | £213,034 | |
| Directors' remuneration | £74,966 | £81,033 |
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
FY2023 → FY2024 · period ending 2024-08-31 vs 2023-08-31
-
Turnover
-9.8%
£17,169,597 £15,486,407
-
Cash
+64.4%
£1,084,704 £1,783,614
-
Net assets
+18.9%
£546,505 £650,020
-
Employees
0%
6 6
-
Operating profit
-4%
£844,064 £810,438
-
Profit before tax
-9.4%
£278,487 £252,352
-
Wages
+2.4%
£208,113 £213,034
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 | 2023-08-31 | 2024-08-31 |
|---|---|---|---|
| Operating margin | 4.9% | 5.2% | |
| Net margin | 1.5% | 1.3% | |
| Return on capital employed | 5.0% | 4.8% | |
| Current ratio | 2.31x | 2.60x | |
| Interest cover | 0.90x | 0.86x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Saul Fairholm Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the group's forecasts and projections, the directors are of the opinion that the group has adequate resources to continue in operational existence for the foreseeable future. The group therefore continues to adopt the going concern basis in preparing its consolidated financial statements.”
Group structure
- ALTERNATIVE COMMERCIAL FINANCE LIMITED · parent
- ACF Acquisition 11 Limited 100%
- Room Twelve Ltd 100%
- Zarah Housing Ltd 0%
- Zarah Developments Limited 0%
- Zarah Social Investments Ltd 100%
Significant events
- “The £16,361,100 bond funding found within creditor amounts falling due after one year is set to be refinanced in line with the 31st December 2025 redemption date or before in the next financial year. Currently the directors are preparing to sell the trade and assets of a trading subsidiary as a going concern into a re-financing structure that will provide funds to repay the debt on the balance sheet in full.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COLES, Sophie Jane | Director | 2013-05-29 | Jan 1983 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALAGNA, Alessandro | Director | 2014-05-01 | 2015-05-06 |
| COLES, Richard David | Director | 2014-05-01 | 2025-09-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Richard Coles | Individual | Shares 25–50%, Voting 25–50% | 2021-11-12 | Ceased 2025-10-13 |
| Mr Richard Coles | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2025-10-13 |
| Miss Sophie Jane Coles | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 49 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-15 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-06 | AA | accounts | Accounts with accounts type group | |
| 2024-06-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-12 | AA | accounts | Accounts with accounts type group | |
| 2023-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-15 | CH01 | officers | Change person director company with change date | |
| 2023-05-15 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-01-04 | AA | accounts | Accounts with accounts type small | |
| 2022-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-10 | AA | accounts | Accounts with accounts type small | |
| 2021-11-12 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-19 | AA | accounts | Accounts with accounts type small | |
| 2020-09-02 | AA01 | accounts | Change account reference date company previous extended | |
| 2020-08-28 | 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
- 5
- 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.