BLITZEN SECURITIES NO.1 PLC
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Cash
—
Latest balance sheet
Net assets
£2.1m
-53.9% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£2.4m
+77% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Consequently, the Directors are of the opinion that these conditions indicate the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Company were unable to continue as a going concern.
-
Going-concern uncertainty disclosed
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 | — | £5,438,709 | £4,121,429 | -24.2% | |
| Fee & commission income | — | — | — | — | |
| Operating income | — | £5,438,709 | £4,121,429 | -24.2% | |
| Impairment losses | — | -£82,572 | -£105,016 | -27.2% | |
| Profit before tax | -£10,083,701 | -£10,572,194 | -£2,436,781 | +77% | |
| Net profit | -£10,084,547 | -£10,573,094 | -£2,437,681 | +76.9% | |
| Loans & advances to customers | — | £256,531,246 | £25,253,114 | -90.2% | |
| Customer deposits | — | £289,477,086 | £27,736,276 | -90.4% | |
| Total assets | — | £294,817,484 | £30,126,102 | -89.8% | |
| Total liabilities | — | £290,291,409 | £28,037,708 | -90.3% | |
| Equity | £15,099,169 | £4,526,075 | £2,088,394 | -53.9% | |
| Average employees | 0 | 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. 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) | — | 98.5% | 93.1% | |
| Current ratio | 0.97x | 1.00x | — |
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
- BLITZEN SECURITIES NO.1 PLC 2021-07-13 → present
- ATHENA SPV PLC 2020-11-12 → 2021-07-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Consequently, the Directors are of the opinion that these conditions indicate the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Company were unable 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 · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (UK) LIMITED | Corporate Secretary | 2020-11-12 | — | — |
| STERNBERG, Aline | Director | 2020-11-12 | Jul 1988 | Belgian |
| CSC DIRECTORS (NO.1) LIMITED | Corporate Director | 2020-11-12 | — | — |
| CSC DIRECTORS (NO.2) LIMITED | Corporate Director | 2020-11-12 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Blitzen Securities No.1 Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-12 | Active |
Filing timeline
Last 20 of 26 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-08-05 RESOLUTIONS Resolution
- 2021-07-27 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-11 | AA | accounts | Accounts with accounts type full | |
| 2026-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-01 | AA | accounts | Accounts with accounts type full | |
| 2024-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-11-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-12 | AA | accounts | Accounts with accounts type full | |
| 2022-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-08-12 | AA | accounts | Accounts with accounts type full | |
| 2021-11-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-08-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-08-05 | RESOLUTIONS | resolution | Resolution | |
| 2021-08-02 | AA01 | accounts | Change account reference date company current extended | |
| 2021-07-27 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.