HCUK AUTO FUNDING 2022-1 LIMITED

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

  —

  Not reported

• Cash

  +50%

  £35,190,626 → £52,794,411

• Net assets

  +199.5%

  -£2,173,339 → £2,162,325

• Employees

  —

  Not reported

• Profit before tax

  +200.9%

  -£4,298,382 → £4,336,564

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

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)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Whilst noting the significant economic uncertainty facing the UK, after reviewing the quality of assets and liquidity facilities in place, the Directors have formed a judgement, at the time of approving the financial statements, that there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Should there ultimately be insufficient funds available, any unpaid amounts due on the Notes are discharged in full due to the limited recourse nature of the Company's borrowings. ...For this reason, the Directors continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “In July 2025, the Company entered into a deed of amendment as part of the securitisation transaction wherein the Step-up date was extended from the Payment Date falling in September 2026 to July 2028. There was a reallocation of the variable funding notes into Tranche A, with a purchase commitment of £300,000,000, Tranche B, with a purchase commitment of £250,000,000 and Tranche C, with a purchase commitment of £250,000,000. The Company, therefore, issued a new Tranche C of £250,000,000 and the proceeds was used to redeem in part of Tranche B. Then, the Company further redeemed an amount of £50,000,000 of Tranche B using the proceeds from the Receivables.”
• “The current revolving period is until July 2028. Management expects a further extension of the revolving period to be agreed before July 2028. The legal maturity date of the Notes is in July 2034. The Directors do not anticipate any other changes to the present level of activity, or the nature of, the Company's business in the near future.”

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

Filings

14

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.