ADMIRAL FINANCIAL SERVICES LIMITED
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Cash
—
Latest balance sheet
Net assets
£16m
+163% highest in 3 filed years
Employees
342
+15.9% highest in 3 filed years
Profit before tax
£13m
+224.5% highest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Net interest income | — | £64,940,000 | £75,184,000 | +15.8% | |
| Fee & commission income | — | £0 | £17,061,000 | — | |
| Operating income | — | £69,788,000 | £99,326,000 | +42.3% | |
| Impairment losses | — | £26,889,000 | £34,043,000 | +26.6% | |
| Profit before tax | £3,654,000 | £3,884,000 | £12,602,000 | +224.5% | |
| Net profit | £3,378,000 | £2,931,000 | £9,439,000 | +222% | |
| Loans & advances to customers | — | £1,089,716,000 | £1,577,164,000 | +44.7% | |
| Customer deposits | — | — | — | — | |
| Total assets | £933,308,000 | £1,172,117,000 | £1,643,194,000 | +40.2% | |
| Total liabilities | £930,317,000 | £1,166,005,000 | £1,627,117,000 | +39.5% | |
| Equity | £2,991,000 | £6,112,000 | £16,077,000 | +163% | |
| Average employees | 240 | 295 | 342 | +15.9% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 99.7% | 99.5% | 99.0% | |
| Current ratio | 2.19x | 4.31x | — | |
| Interest cover | 2.35x | 1.61x | — |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As a result of this assessment, the Directors believe it remains appropriate to adopt the going concern basis of accounting in preparing the Company's financial statements.”
Group structure
- ADMIRAL FINANCIAL SERVICES LIMITED · parent
- Seren One Limited
- Seren Two Limited
- Seren Three Limited
Significant events
- “The approval of a third warehouse facility, Seren Three Limited, which will be used specifically for the second charge mortgages product and will allow the Company to continue to expand its loan book.”
- “Approval of the decision to proceed with a forward flow agreement with a third party which resulted in the sale of back book loans during February 2025 with a total carrying value of around £146 million, along with future sales of newly originated loans.”
- “Renewal of the Senior Facility Agreement with Seren One Limited in March 2025 for a period of 3 years, providing funding capacity for the growth of the loan book.”
- “During May 2026, the Company entered into an agreement with a third party which resulted in the sale of back book loans with a total carrying value of around £126 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WADE, Jarlath | Secretary | 2022-09-29 | — | — |
| BRIERLEY, Michael Charles | Director | 2018-09-21 | Dec 1958 | British |
| CARGILL, Scott William | Director | 2016-06-28 | Jan 1981 | British |
| COBLEY, Daniel Owen | Director | 2020-05-21 | Jun 1967 | British |
| DONALDSON, Craig Francis | Director | 2024-05-13 | Dec 1971 | British |
| GULLIFORD, Simon James | Director | 2020-07-16 | Jun 1958 | British |
| GUNNIGLE, Clodagh | Director | 2024-05-13 | Aug 1974 | Irish |
| JONES, Geraint Allan | Director | 2016-06-28 | Jun 1976 | British |
| POWELL, Emma Jane | Director | 2025-03-21 | Sep 1977 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CAUNT, Daniel John | Secretary | 2021-07-08 | 2022-09-29 |
| ELY, Amy Verity Langford | Secretary | 2018-11-22 | 2021-07-08 |
| WATERS, Mark Robert | Secretary | 2016-06-28 | 2018-11-22 |
| ATWAL, Kal | Director | 2020-03-23 | 2023-09-30 |
| BRAND, Barnaby James | Director | 2021-11-18 | 2024-03-11 |
| HUGGINS, Mark | Director | 2017-11-13 | 2020-10-04 |
| JENNISON, Gary Antony | Director | 2017-11-13 | 2020-10-04 |
| RUSSELL, Duncan James | Director | 2018-10-11 | 2020-06-26 |
| STEVENS, David Graham | Director | 2016-06-28 | 2024-09-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Admiral Group Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-06-28 | Active |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | AA | accounts | Accounts with accounts type full | |
| 2026-07-08 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-12 | AA | accounts | Accounts with accounts type full | |
| 2025-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-22 | AA | accounts | Accounts with accounts type full | |
| 2024-05-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-13 | TM01 | officers | Termination director company | |
| 2023-09-26 | AA | accounts | Accounts with accounts type full | |
| 2023-07-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-10-04 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.