COMMERCIAL TRUST 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

  +16.6%

  £2,720,000 → £3,171,000

• Cash

  -67.1%

  £146,000 → £48,000

• Net assets

  +201.7%

  £59,000 → £178,000

• Employees

  -10.4%

  67 → 60

• Operating profit

  +47.3%

  -£1,261,000 → -£665,000

• Wages

  -9.5%

  £2,117,000 → £1,916,000

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

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. COMMERCIAL TRUST LIMITED 2013-10-16 → present
2. NORWICH TRUST LIMITED 2013-08-15 → 2013-10-16
3. CT NEWCO LIMITED 2013-08-01 → 2013-08-15

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Lovewell Blake LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has received confirmation from its immediate parent company, Norfolk Capital Group Limited, that Norfolk Capital Group Limited intends to support the Company, such as to allow it to pay its debts as they fall due, for at least one year after these financial statements are signed. Accordingly, the directors have prepared these financial statements on a going concern basis.”

Significant events

• “At the tail-end of 2023, in response to a number of challengers in the Buy To Let Market, the company undertook a review of its pricing and marketing strategy. As a result of the review, the Company has increased its proportion of commercial and bridging loans in 2024.”
• “the Autumn Budget has caused some uncertainty for the Company's clients; an increase in Stamp Duty for additional properties became effective immediately, which caused some ongoing purchases to fall through and affected Landlord's future plans. Other tax changes in the Budget, alongside the threat of increased trade tariffs from overseas, have led to swap rates remaining higher than previously expected. The uncertainty around rates has dampened the appetite for mortgage providers to release competitively priced products in the final quarter of 2024.”
• “The Company has also embarked on an efficiency exercise, to improve the mortgage broking experience for both its clients and advisors.”

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

Filings

4

last 12 months

Capital events

9

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.