TALWORTH LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-07 (in 1y)
Last made up 2026-04-23
Watchouts
None on the register
Cash
£3M
-44% vs 2023
Net assets
£671K
+114.6% vs 2023
Employees
0
Average over period
Profit before tax
£5M
+123.6% vs 2023
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 | — | — | |
| Operating profit | — | — | |
| Profit before tax | -£22,382,840 | £5,283,205 | |
| Net profit | -£22,383,077 | £5,282,953 | |
| Cash | £5,830,247 | £3,262,859 | |
| Total assets less current liabilities | -£3,354,662 | £671,364 | |
| Net assets | -£4,611,589 | £671,364 | |
| Equity | -£4,611,589 | £671,364 | |
| Average employees | 0 | 0 | |
| 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
-44%
£5,830,247 £3,262,859
-
Net assets
+114.6%
-£4,611,589 £671,364
-
Employees
—
Not reported
-
Profit before tax
+123.6%
-£22,382,840 £5,283,205
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 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 103.0% | 99.5% | |
| Current ratio | 0.98x | 1.01x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is expected to remain as a going concern for the foreseeable future. In order to form a view as to the most appropriate basis of preparation of these financial statements, the Directors have assessed the likelihood of whether the Company will be able to continue trading over the foreseeable future versus the likelihood of either intending to or being forced to cease trading and liquidating the Company.”
Significant events
- “The availability of the Senior Facility has been extended to December 2027. The availability of the Senior Facility was extended on 20 December 2024.”
- “During the year, new Mortgage Loans were originated with a value of £203,033,827 (2023: £183,699,410) and the closing value of Mortgage Loans as at 31 December 2024 was £127,702,003 (2023: £147,120,004), net of redemptions and transfers in the year.”
- “The Company transferred £225,921,833 of BTL loans as part of a planned securitisation in three tranches spread over May 2024, June 2024 and July 2024. The transferred loans were used by the Seller to create a new entity, Atlas Funding 2024-1 Plc.”
- “The Company disposed of £161,335,479 of BTL Mortgage Loans in April 2025 as part of a planned securitisation, namely Atlas Funding 2025-1 Plc, using the proceeds in turn to substantially repay its Senior and Junior debt obligations at the same time.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (LONDON) LIMITED | Corporate Secretary | 2018-04-24 | — | — |
| WHITAKER, Paivi Helena | Director | 2018-04-24 | Jan 1963 | Finnish |
| CSC DIRECTORS (NO.3) LIMITED | Corporate Director | 2018-04-24 | — | — |
| CSC DIRECTORS (NO.4) LIMITED | Corporate Director | 2018-04-24 | — | — |
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 | 2018-04-24 | Active |
Filing timeline
Last 20 of 39 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-04 | AA | accounts | Accounts with accounts type full | |
| 2025-05-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-25 | CH01 | officers | Change person director company with change date | |
| 2025-04-25 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-25 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-25 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-04-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 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 | |
| 2024-08-02 | AA | accounts | Accounts with accounts type full | |
| 2024-05-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-06-23 | CH01 | officers | Change person director company with change date | |
| 2023-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.