PRIVILEGE RENEWABLE FINANCE 2 LIMITED

• ⚠

  Material uncertainty over going concern

  In preparing the financial statements, Management have determined that it is not appropriate to adopt the going concern basis of accounting. The Directors intend to settle the external funding facility, which is due for repayment in August 2025, through the refinancing of a debt instrument receivable.

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

  +2.5%

  £10,460,000 → £10,721,000

• Cash

  -8.8%

  £1,584,000 → £1,445,000

• Net assets

  -267.9%

  -£7,946,000 → -£29,234,000

• Employees

  0%

  2 → 2

• Profit before tax

  -74.9%

  -£12,233,000 → -£21,391,000

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In preparing the financial statements, Management have determined that it is not appropriate to adopt the going concern basis of accounting. The Directors intend to settle the external funding facility, which is due for repayment in August 2025, through the refinancing of a debt instrument receivable.”

Significant events

• “Subsequent to the balance sheet date, the Group reached an agreement with its principal funders to implement a restructuring of the debt instruments receivable and the corresponding funding creditors. This restructuring was ratified by the relevant regulators in April 2025.”

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

Filings

5

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.