DUNCAN FUNDING 2022-1 PLC
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Cash
£114M
+9.1% vs 2024
Net assets
-£64M
-70.7% vs 2024
Employees
0
Average over period
Profit before tax
-£26M
-9.9% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | £5,000 | £5,000 | 0% | |
| Profit before tax | -£23,974,000 | -£26,342,000 | -9.9% | |
| Net profit | -£23,975,000 | -£26,343,000 | -9.9% | |
| Cash | £104,912,000 | £114,438,000 | +9.1% | |
| Total assets less current liabilities | £1,295,516,000 | £1,269,394,000 | -2% | |
| Net assets | -£37,255,000 | -£63,598,000 | -70.7% | |
| Equity | -£37,255,000 | -£63,598,000 | -70.7% | |
| Average employees | 0 | 0 | — | |
| 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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Return on capital employed | 0.0% | 0.0% | |
| Gearing (liabilities / total assets) | 102.8% | 105.0% | |
| Current ratio | 7.14x | 9.26x | |
| 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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are satisfied that the Company has adequate resources to continue to operate for the foreseeable future and is financially sound. In addition, the Notes are limited recourse obligations of the Company. Should there be insufficient funds to pay in full any amounts due and payable on the Notes, following the realisation of assets, and after payments in accordance with the priority of payments, then such outstanding amounts cease to be due and payable by the Company. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “On 18 August 2022 (the "Closing Date"), the Company issued two classes of Notes...”
- “The revolving period continues to July 2027 (the "Revolving Period End Date" or "Step Up Date") and is subject to certain criteria.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (UK) LIMITED | Corporate Secretary | 2022-03-29 | — | — |
| MCGRATH, Catherine Mary Elizabeth | Director | 2023-09-21 | Dec 1989 | British |
| CSC DIRECTORS (NO.1) LIMITED | Corporate Director | 2022-03-29 | — | — |
| CSC DIRECTORS (NO.2) LIMITED | Corporate Director | 2022-03-29 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KLEANTHOUS, Constantinos | Director | 2022-03-29 | 2023-09-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Duncan Holdings 2022-1 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-03-29 | Active |
Filing timeline
Last 20 of 69 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | ANNOTATION | miscellaneous | Legacy | |
| 2026-04-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-16 | AA | accounts | Accounts with accounts type full | |
| 2026-01-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-22 | AA | accounts | Accounts with accounts type full | |
| 2025-04-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-04 | 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
- 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.