LOWELL RECEIVABLES FINANCING 3 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-27 (in 8mo)
Last made up 2026-01-13
Watchouts
None on the register
Cash
£2M
-64.6% vs 2023
Net assets
£35M
+434% vs 2023
Employees
—
Average over period
Profit before tax
£28M
+157.8% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £34,818,000 | £47,883,000 | |
| Operating profit | — | — | |
| Profit before tax | £11,000,000 | £28,357,000 | |
| Net profit | £10,999,000 | £28,356,000 | |
| Cash | £4,654,000 | £1,647,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £6,533,000 | £34,889,000 | |
| Equity | £6,533,000 | £34,889,000 | |
| 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
+37.5%
£34,818,000 £47,883,000
-
Cash
-64.6%
£4,654,000 £1,647,000
-
Net assets
+434%
£6,533,000 £34,889,000
-
Employees
—
Not reported
-
Profit before tax
+157.8%
£11,000,000 £28,357,000
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 |
|---|---|---|---|
| Net margin | 31.6% | 59.2% | |
| Gearing (liabilities / total assets) | 95.7% | 80.5% | |
| Current ratio | 7.16x | 4.98x |
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.
Name history
Renamed 1 time since incorporation
- LOWELL RECEIVABLES FINANCING 3 LIMITED 2022-06-30 → present
- WOLF RECEIVABLES FINANCING 1 LIMITED 2022-01-14 → 2022-06-30
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. The Company maintains sufficient liquidity and cash reserves to continue as a going concern. Directors believe it remains appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “In January 2025, Lowell announced support from over 90% of Noteholders for its recapitalisation. Amendments to securitisation facilities through maturity extensions and increased commitment were finalised during first 6 months of 2025 and on 25 June 2025, the GH2 Group successfully completed recapitalisation.”
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 | 2022-01-14 | — | — |
| STERNBERG, Aline | Director | 2022-01-14 | Jul 1988 | Belgian |
| CSC DIRECTORS (NO.1) LIMITED | Corporate Director | 2022-01-14 | — | — |
| CSC DIRECTORS (NO.2) LIMITED | Corporate Director | 2022-01-14 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Metis Bidco Limited | Corporate entity | Shares 75–100%, ownership-of-shares-75-to-100-percent-as-firm, Appoints directors | 2022-01-24 | Active |
| Csc Corporate Services (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-14 | Ceased 2022-01-24 |
Filing timeline
Last 20 of 21 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-07-05 RESOLUTIONS Resolution
- 2022-07-05 MA Memorandum articles
- 2022-06-30 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-13 | AA | accounts | Accounts with accounts type full | |
| 2025-06-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-12 | AA | accounts | Accounts with accounts type full | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-02 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2024-01-02 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2023-07-27 | AA | accounts | Accounts with accounts type full | |
| 2023-06-12 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-01-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-10-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-07-05 | RESOLUTIONS | resolution | Resolution | |
| 2022-07-05 | MA | incorporation | Memorandum articles | |
| 2022-06-30 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-02-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-02-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.