ASSET ALLIANCE LEASING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-18 (in 7mo)
Last made up 2025-12-04
Watchouts
Cash
£2M
-8.2% vs 2023
Net assets
-£9M
-9.9% vs 2023
Employees
149
+7.2% vs 2023
Profit before tax
-£30K
-104.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC 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 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £101,741,170 | £115,493,784 | |
| Operating profit | £10,910,298 | £15,296,475 | |
| Profit before tax | £685,942 | -£30,425 | |
| Net profit | £451,732 | -£843,844 | |
| Cash | £1,914,567 | £1,756,919 | |
| Total assets less current liabilities | £326,618,728 | £362,074,853 | |
| Net assets | -£8,492,274 | -£9,336,118 | |
| Equity | -£8,492,274 | -£9,336,118 | |
| Average employees | 139 | 149 | |
| Wages | £8,239,592 | £8,138,557 | |
| Directors' remuneration | £1,594,931 | £1,276,595 |
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 2024-12-31 vs 2023-12-31
-
Turnover
+13.5%
£101,741,170 £115,493,784
-
Cash
-8.2%
£1,914,567 £1,756,919
-
Net assets
-9.9%
-£8,492,274 -£9,336,118
-
Employees
+7.2%
139 149
-
Operating profit
+40.2%
£10,910,298 £15,296,475
-
Profit before tax
-104.4%
£685,942 -£30,425
-
Wages
-1.2%
£8,239,592 £8,138,557
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 10.7% | 13.2% | |
| Net margin | 0.4% | -0.7% | |
| Return on capital employed | 3.3% | 4.2% | |
| Gearing (liabilities / total assets) | 102.3% | 102.4% | |
| Current ratio | 2.62x | 3.17x | |
| Interest cover | 1.07x | 1.00x |
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
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company is funded by a £450m overdraft facility from Arbuthnot Latham & Co,. Limited, an intermediate parent company. As the company has access to significant funds through this facility, and given the commitment and support from the parent company, the Directors believe that the preparation of the financial statements on a going concern basis is appropriate.”
Group structure
- ASSET ALLIANCE LEASING LIMITED · parent
- Asset Alliance Limited 100%
- Forest Asset Finance Limited 100%
- ATE Truck and Trailer Sales Limited 100%
- Hanbury Riverside Limited 100%
- AAG Traffic Management Limited 100%
- Valley Finance Limited 100%
Significant events
- “This was another year of strong growth for the company with origination of new business totaling £144.4m (2023: £184.1m). As a result, the loan book grew by 11% to £363.0m (2023: £326.9m).”
- “The launch of our bus rental product in the year continued to this success, and is expected to be an area of growth in 2025 and beyond.”
- “During the year the company completed the replacement of its lease management system. This investment ensures the company has a robust platform to support its future growth ambitions. In addition the company also committed significant resource to a new IT project designed to improve the flow of data within our business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JENNINGS, Nicholas David De Burgh | Secretary | 2021-03-31 | — | — |
| BYCROFT, Michael | Director | 2021-03-31 | Sep 1973 | British |
| CRAWFORD, David Scott | Director | 2019-01-01 | Jan 1980 | British |
| PATERSON, William Hamilton | Director | 2015-12-24 | Jan 1967 | British |
| WILSON, Donald | Director | 2019-01-01 | Apr 1964 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRAWFORD, David | Secretary | 2018-09-11 | 2021-03-31 |
| MCARTHUR, Douglas Brown | Secretary | 2015-12-24 | 2018-09-11 |
| BARKER, Stephen William | Director | 2016-01-01 | 2016-07-12 |
| CRAWFORD, David Scott | Director | 2019-01-01 | 2021-03-31 |
| EVANS, Allan Thomas | Director | 2015-12-24 | 2016-12-31 |
| JENKINS, James Stuart | Director | 2015-12-24 | 2022-05-31 |
| LANNON, Adrian Michael | Director | 2015-12-24 | 2023-01-18 |
| MCARTHUR, Douglas Brown | Director | 2015-12-24 | 2021-03-31 |
| MCDOUGALL, Richard James | Director | 2015-12-24 | 2021-03-31 |
| POTTER, David Michael | Director | 2017-02-01 | 2020-08-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Asset Alliance Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, significant-influence-or-control-as-firm | 2024-05-21 | Active |
| Asset Alliance Group Finance No 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-05-21 |
Filing timeline
Last 20 of 66 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-17 | CH01 | officers | Change person director company with change date | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2024-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-08-20 | CH01 | officers | Change person director company with change date | |
| 2024-08-20 | CH01 | officers | Change person director company with change date | |
| 2024-08-20 | CH01 | officers | Change person director company with change date | |
| 2024-08-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-10 | AA | accounts | Accounts with accounts type full | |
| 2024-05-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-03 | AA | accounts | Accounts with accounts type full | |
| 2023-02-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-02-23 | CH01 | officers | Change person director company with change date | |
| 2023-01-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-17 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.