DELTA ASSET BACKED SECURITISATION 2 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

  —

  Not reported

• Cash

  -16.8%

  £12,075,000 → £10,048,000

• Net assets

  +14.8%

  £27,000 → £31,000

• Employees

  —

  Not reported

• Profit before tax

  0%

  £6,000 → £6,000

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On this basis, the directors have a reasonable expectation that the Company will have sufficient resources to continue in operational existence for the foreseeable future and for the 12-month going-concern period from the approval of the financial statements to 4 December 2026. Accordingly, the directors of the Company have adopted the going-concern basis in preparing the financial statements.”

Significant events

• “facility was again refinanced in August 2024, increasing the facility size to £600m and extending the maturity to December 2028.”
• “Geopolitical tensions, particularly the ongoing conflicts in Eastern Europe and the Middle East, have continued to disrupt global supply chains, dampen investor confidence, and contribute to heightened financial market volatility.”
• “tariff announcements in the United States have added to global economic uncertainty, influencing market sentiment and contributing to increased volatility across international markets.”
• “The financial year has seen Base Rate reductions for the first time in the last five years, although rates still remain high in comparison to the ultra-low interest rate environment which characterised the prior decade.”
• “The Bank of England's Base Rate commenced the financial year at 5.25%, and was gradually reduced over the course of the year down to 4.25% in May 2025, and following the year end, reduced further to 4.00% in August 2025.”
• “House prices on the whole have demonstrated growth from the previous year, and forecasts reflect steady improvement, most likely as a result of the ongoing shortage of housing stock in the market which leads to demand outstripping supply.”
• “During the financial year, the rate of inflation in the UK has mostly remained above the Bank of England's target of 2.00%, with this increasing towards the end of the financial year to 3.6% in June 2025.”

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

Filings

3

last 12 months

Capital events

0

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.