SAFFRON HOUSING FINANCE PLC

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

  —

  Not reported

• Cash

  +25.8%

  £31,000 → £39,000

• Net assets

  0%

  £50,000 → £50,000

• Employees

  —

  Not reported

• Operating profit

  -1.8%

  £110,000 → £108,000

• Profit before tax

  -1.8%

  £110,000 → £108,000

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

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

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements. In forming this view, the Directors have considered the Company's financial position, forecast future performance, anticipated cash flows, and the ability of the parent undertaking, Saffron Housing Trust Limited, to continue to meet its obligations under the loan agreement.”

Significant events

• “Saffron Housing Finance plc successfully raised a £125 million bond of which £75 million was issued on 9 July 2013, with £50 million paid at that date and a further £25 million paid on 9 July 2014. In September 2014 the £50 million retained bond was sold.”
• “The bond has a final maturity of 2048 and a fixed interest rate of 4.641% and is redeemed in equal annual instalments from 2038. There are no other repayments prior to 2038.”

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.