PRIVILEGE RENEWABLE FINANCE 2 LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
—
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Accounts not prepared on a going-concern basis
The financial statements have been prepared on a basis other than as a going concern as it is management's intention to liquidate the company within the 12 months following the balance sheet date.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
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 |
|---|---|---|---|---|---|
| Turnover | £10,460,000 | £10,721,000 | £10,453,000 | -2.5% | |
| Operating profit | — | — | — | — | |
| Profit before tax | -£12,233,000 | -£21,391,000 | — | — | |
| Net profit | -£12,233,000 | -£21,288,000 | — | — | |
| Cash | £1,584,000 | £1,445,000 | — | — | |
| Total assets less current liabilities | -£7,946,000 | -£29,234,000 | — | — | |
| Net assets | -£7,946,000 | -£29,234,000 | — | — | |
| Equity | -£7,946,000 | -£29,234,000 | — | — | |
| Average employees | 2 | 2 | — | — | |
| 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. 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 |
|---|---|---|---|---|
| Net margin | -117.0% | -198.6% | — | |
| Gearing (liabilities / total assets) | 108.1% | 135.4% | — | |
| Current ratio | 0.93x | 0.74x | — |
Margins divide P&L lines by turnover. 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
- Gravita Audit II Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The financial statements have been prepared on a basis other than as a going concern as it is management's intention to liquidate the company within the 12 months following the balance sheet date.”
Significant events
- “During the year, the company recognised exceptional other income of £35,634k in respect of a debt modification.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAWKSMOOR PARTNERS LIMITED | Corporate Secretary | 2025-04-25 | — | — |
| GILES, Tracy Jane | Director | 2021-05-25 | Dec 1970 | British |
| WINWARD, Christopher Paul | Director | 2021-05-25 | Apr 1971 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MAY, Graham Philip | Secretary | 2021-05-25 | 2025-04-25 |
| VERNAU, Andrew Michael | Director | 2021-05-25 | 2021-12-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew Michael Vernau | Individual | Shares 75–100%, Voting 75–100% | 2021-05-25 | Ceased 2021-05-25 |
| Eco V Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-05-25 | Active |
Filing timeline
Last 20 of 26 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-08-24 MA Memorandum articles
- 2021-08-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | AA | accounts | Accounts with accounts type full | |
| 2026-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-04 | AA | accounts | Accounts with accounts type full | |
| 2025-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-02 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-05-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-02-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-18 | AA | accounts | Accounts with accounts type small | |
| 2024-05-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-25 | AA | accounts | Accounts with accounts type small | |
| 2023-05-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-29 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-08-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-06-14 | AA | accounts | Accounts with accounts type small | |
| 2022-05-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-24 | MA | incorporation | Memorandum articles | |
| 2021-08-24 | RESOLUTIONS | resolution | Resolution | |
| 2021-08-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.