CAVERN FUNDING 2020 PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-05 (in 2mo)
Last made up 2025-06-21
Watchouts
Cash
£40M
+60.7% vs 2024
Net assets
£30K
+15.4% vs 2024
Employees
0
Average over period
Profit before tax
£5K
0% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Notes issued by the Company are subject to a condition that when only 10% of the Notes are outstanding, or the Class A Notes are repaid in full, the Directors have the option to call the Notes...These conditions mean that a material uncertainty exists that may cast significant doubt upon the Company's ability to continue as a going concern.
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 | £5,000 | £5,000 | |
| Profit before tax | £5,000 | £5,000 | |
| Net profit | £4,000 | £4,000 | |
| Cash | £25,170,000 | £40,450,000 | |
| Total assets less current liabilities | £150,026,000 | £87,552,000 | |
| Net assets | £26,000 | £30,000 | |
| Equity | £26,000 | £30,000 | |
| Average employees | 0 | 0 | |
| Wages | £0 | £0 | |
| Directors' remuneration | £0 | £0 |
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
+60.7%
£25,170,000 £40,450,000
-
Net assets
+15.4%
£26,000 £30,000
-
Employees
—
Not reported
-
Operating profit
0%
£5,000 £5,000
-
Profit before tax
0%
£5,000 £5,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Return on capital employed | 0.0% | 0.0% | |
| Gearing (liabilities / total assets) | 100.0% | 100.0% | |
| Current ratio | 1.03x | 1.20x | |
| Interest cover | 0.00x | 0.00x |
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.
Name history
Renamed 1 time since incorporation
- CAVERN FUNDING 2020 PLC 2020-10-05 → present
- MERCIA FUNDING 2020-1 PLC 2020-06-22 → 2020-10-05
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Notes issued by the Company are subject to a condition that when only 10% of the Notes are outstanding, or the Class A Notes are repaid in full, the Directors have the option to call the Notes...These conditions mean that a material uncertainty exists that may cast significant doubt upon the Company's ability to continue as a going concern.”
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 (UK) LIMITED | Corporate Secretary | 2020-06-22 | — | — |
| MCGRATH, Catherine Mary Elizabeth | Director | 2024-02-08 | Dec 1989 | British |
| CSC DIRECTORS (NO.1) LIMITED | Corporate Director | 2020-06-22 | — | — |
| CSC DIRECTORS (NO.2) LIMITED | Corporate Director | 2020-06-22 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NASATO, Lara | Director | 2020-06-22 | 2024-02-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cavern Funding 2020 Holdings Limited | Corporate entity | Shares 75–100% | 2020-06-22 | Active |
Filing timeline
Last 20 of 28 total filings
Material constitutional events — rename, articles re-file, resolution
- 2020-10-21 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-10 | AA | accounts | Accounts with accounts type full | |
| 2025-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-14 | AUD | auditors | Auditors resignation company | |
| 2024-07-22 | AA | accounts | Accounts with accounts type full | |
| 2024-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full | |
| 2023-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-04 | AA | accounts | Accounts with accounts type full | |
| 2022-07-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-11 | AA | accounts | Accounts with accounts type full | |
| 2021-08-26 | CH02 | officers | Change corporate director company with change date | |
| 2021-08-26 | CH04 | officers | Change corporate secretary company with change date | |
| 2021-08-26 | CH02 | officers | Change corporate director company with change date | |
| 2021-06-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-06-30 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-03-03 | CH01 | officers | Change person director company with change date | |
| 2020-10-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-10-21 | MA | incorporation | Memorandum articles |
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.