PICTON FINANCING UK (NO.2) LIMITED
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Cash
£246k
+20.8% highest in 3 filed years
Net assets
£57k
+40.4% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£16k
-18.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,523,452 | £1,519,290 | — | — | |
| Operating profit | £1,513,642 | £1,504,472 | £1,504,804 | 0% | |
| Profit before tax | £21,139 | £20,053 | £16,378 | -18.3% | |
| Net profit | £21,139 | £20,053 | £16,378 | -18.3% | |
| Cash | £156,587 | £203,505 | £245,809 | +20.8% | |
| Total assets less current liabilities | £45,020,502 | £45,040,555 | — | — | |
| Net assets | £20,502 | £40,555 | £56,933 | +40.4% | |
| Equity | £20,502 | £40,555 | £56,933 | +40.4% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 99.4% | 99.0% | — | |
| Net margin | 1.4% | 1.3% | — | |
| Return on capital employed | 3.4% | 3.3% | — | |
| Gearing (liabilities / total assets) | 100.0% | 99.9% | 99.9% | |
| Interest cover | 1.01x | 1.01x | 1.01x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements.”
Significant events
- “all-share offer by LondonMetric Property PLC and Schroder Real Estate Investment Trust Limited for the entire issued and to be issued share capital of Picton Property Income Limited ("PPIL"), the Company's ultimate parent undertaking, announced on 31 July 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUZNIAK, Jadzia Zofia | Secretary | 2026-09-10 | — | — |
| MCGANN, Martin Francis | Director | 2026-09-10 | Jan 1961 | British |
| RICHARDS, Darren Windsor | Director | 2026-09-10 | Aug 1972 | British |
| SMITH, Andrew David | Director | 2026-09-10 | Nov 1976 | British |
| STIRLING, Mark Andrew | Director | 2026-09-10 | Jun 1963 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEWHIRST, Andrew David | Secretary | 2022-02-28 | 2023-06-07 |
| MORRIS, Michael James | Secretary | 2022-02-28 | 2022-02-28 |
| THOMPSON, Katharine | Secretary | 2023-06-07 | 2026-09-10 |
| NOROSE COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2022-02-28 | 2022-02-28 |
| DEWHIRST, Andrew David | Director | 2022-02-28 | 2024-03-31 |
| JOHNSTON, Saira Jane | Director | 2024-04-01 | 2026-09-10 |
| MORRIS, Michael James | Director | 2022-02-28 | 2026-09-10 |
| VINCE, Thomas James | Director | 2022-02-28 | 2022-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Londonmetric Car Newco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-09-10 | Active |
| Picton Property Income Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-02-28 | Ceased 2026-09-10 |
| Norose Company Secretarial Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-02-28 | Ceased 2022-02-28 |
Filing timeline
Last 20 of 38 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-09-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-09-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-09-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-09-15 | AA | accounts | Accounts with accounts type full | |
| 2026-09-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-10 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-07-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2025-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-14 | AA | accounts | Accounts with accounts type full | |
| 2024-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 3
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.