LOWELL RECEIVABLES FINANCING 2 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-30 (this month)
Last made up 2025-05-16
Watchouts
None on the register
Cash
£35M
+72.7% vs 2023
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
£1K
0% vs 2023
Profit before tax
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 | £1,000 | £1,000 | |
| Profit before tax | £1,000 | £1,000 | |
| Net profit | £1,000 | £1,000 | |
| Cash | £20,280,000 | £35,026,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | — | — | |
| Equity | £0 | £0 | |
| 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+72.7%
£20,280,000 £35,026,000
-
Net assets
—
Not reported
-
Employees
—
Not reported
-
Operating profit
0%
£1,000 £1,000
-
Profit before tax
0%
£1,000 £1,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Current ratio | 1.29x | 2.84x | |
| 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.
Audit & accounting basis
- Accounting basis
- UK-adopted international accounting standards
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The assessment of the going concern basis of preparation for the Company has considered both the position at 31 December 2024 and the outlook for the Company at the date of approval of the financial statements. The outlook of the wider Lowell Group is not relevant primarily because of the securitisation facility covenants in place and the Company being bankruptcy remote in nature and it is not part of the Lowell bond group.”
Significant events
- “In January 2024, the Senior Loan facility increased by £150m from £225m to £375m, with the revolving period and maturity date being extended by two years to 21 December 2026 and 21 February 2029 respectively, and the margin increasing from 3.5% to 4.5%.”
- “In March 2025, the Company increased the Senior Loan Facility from £375m to £425m and extended the maturity to 21 June 2030. The interest margin increased from 4.5% to 4.7% during 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (UK) LIMITED | Corporate Secretary | 2021-05-17 | — | — |
| PEARS, John Simon | Director | 2023-08-31 | May 1973 | British |
| STERNBERG, Aline | Director | 2021-05-17 | Jul 1988 | Belgian |
| CSC DIRECTORS (NO.1) LIMITED | Corporate Director | 2021-05-17 | — | — |
| CSC DIRECTORS (NO.2) LIMITED | Corporate Director | 2021-05-17 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FLAHERTY, John Patrick | Director | 2021-05-25 | 2023-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Metis Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-05-25 | Active |
| Csc Corporate Services (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-05-17 | Ceased 2021-05-25 |
Filing timeline
Last 20 of 24 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-29 | AA | accounts | Accounts with accounts type full | |
| 2025-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-10 | AA | accounts | Accounts with accounts type full | |
| 2024-09-06 | CH01 | officers | Change person director company with change date | |
| 2024-06-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-09 | CH01 | officers | Change person director company with change date | |
| 2023-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-28 | AA | accounts | Accounts with accounts type full | |
| 2023-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-25 | AA | accounts | Accounts with accounts type full | |
| 2022-05-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-08 | CH01 | officers | Change person director company with change date | |
| 2021-06-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-05-26 | AD02 | address | Change sail address company with new address | |
| 2021-05-26 | AP01 | officers | Appoint person director company with name date |
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.