DEVICE FINANCE COLLECTIONS 2 LIMITED
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Next accounts due
2026-12-30 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-03-09 (in 10mo)
Last made up 2026-02-23
Watchouts
None on the register
Cash
£143M
+28.6% vs 2024
Net assets
£93M
-20.8% vs 2024
Employees
—
Average over period
Profit before tax
-£24M
-196% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | £25,445,214 | -£24,430,043 | |
| Net profit | £25,444,979 | -£24,430,293 | |
| Cash | £111,045,332 | £142,783,727 | |
| Total assets less current liabilities | £1,264,007,616 | £1,023,777,676 | |
| Net assets | £117,202,037 | £92,771,744 | |
| Equity | £117,202,037 | £92,771,744 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
—
Not reported
-
Cash
+28.6%
£111,045,332 £142,783,727
-
Net assets
-20.8%
£117,202,037 £92,771,744
-
Employees
—
Not reported
-
Profit before tax
-196%
£25,445,214 -£24,430,043
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 90.8% | 91.2% | |
| Current ratio | 124.92x | 31.85x |
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
- Ecovis Wingrave Yeats LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the latest available information on the performance of the underlying Receivables, the directors are satisfied that the Company will have adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.”
Significant events
- “Following the year-end, in June 2025, c. £19 million of Receivables were repurchased by the Seller. These Receivables were either underperforming or incorrectly sold into the structure and were repurchased in accordance with the transaction documents. The Company will incur no loss as a result of the repurchases by the Seller.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (LONDON) LIMITED | Corporate Secretary | 2018-03-01 | — | — |
| ABRAHAMS, Susan Iris | Director | 2018-08-31 | Jul 1957 | British |
| CSC DIRECTORS (NO.3) LIMITED | Corporate Director | 2018-03-01 | — | — |
| CSC DIRECTORS (NO.4) LIMITED | Corporate Director | 2018-03-01 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TOWNSON, Neil David | Director | 2018-03-01 | 2018-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Csc Corporate Services (London) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-03-01 | Active |
Filing timeline
Last 20 of 35 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-07 | AA | accounts | Accounts with accounts type full | |
| 2025-04-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-28 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-28 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-28 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-04-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-03 | AA | accounts | Accounts with accounts type full | |
| 2024-12-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-11 | CH02 | officers | Change corporate director company with change date | |
| 2024-12-11 | CH02 | officers | Change corporate director company with change date | |
| 2024-12-11 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-23 | AA | accounts | Accounts with accounts type full | |
| 2023-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-12 | AA | accounts | Accounts with accounts type full | |
| 2022-03-23 | AA | accounts | Accounts with accounts type full | |
| 2022-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-02 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.