VULCAN NO. 1 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-24 (in 3mo)
Last made up 2025-08-10
Watchouts
None on the register
Cash
£3M
Latest balance sheet
Net assets
£2K
Equity attributable
Employees
0
Average over period
Profit before tax
£1K
Period ending 2024-12-31
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 | — | — | |
| Operating profit | — | — | |
| Profit before tax | £1,000 | £1,000 | |
| Net profit | £1,000 | £1,000 | |
| Cash | £4,962,000 | £3,496,000 | |
| Total assets less current liabilities | £15,311,000 | £8,647,000 | |
| Net assets | £1,000 | £2,000 | |
| Equity | £1,000 | £2,000 | |
| Average employees | 0 | 0 | |
| 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Current ratio | 1.02x | 1.00x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has reported a £1k profit before taxation for the period and is in a net asset position as at 31 December 2024. It is the intention of the directors of the Company to continue in its operations in accordance with the transaction documents. Ultimately due to the limited recourse nature of the loan notes, any shortfall in the proceeds of the mortgage loans will be a risk to the holders of the loan notes. If the proceeds from the mortgage loans are insufficient to pay amounts due to the holders of the loan notes, such amounts will cease to be due and payable by the Company. Furthermore, the Senior Loan Noteholder benefit from the British Business Bank pic's ENABLE Guarantee Scheme, under which the Guarantor will guarantee the punctual repayment of the mortgage loans by the SMEs to the Company. The Guarantee will terminate no later than 81 months from 19 December 2022 but may terminate earlier should certain events specified in the transaction documents occur. The directors consider the Company to have sufficient resources to continue its activities for 12 months from the report signing date. Therefore, the directors consider that the Company is able to meet its liabilities as they fall due and accordingly, the financial statements have been prepared on a going concern basis.”
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 |
|---|---|---|---|---|
| LAW DEBENTURE CORPORATE SERVICES LIMITED | Corporate Secretary | 2022-08-11 | — | — |
| FILER, Mark Howard | Director | 2022-08-11 | Jun 1967 | British |
| L.D.C. SECURITISATION DIRECTOR NO.1 LIMITED | Corporate Director | 2022-08-11 | — | — |
| L.D.C. SECURITISATION DIRECTOR NO.2 LIMITED | Corporate Director | 2022-08-11 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Law Debenture Intermediary Corporation P.L.C. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-08-11 | Active |
Filing timeline
Last 11 of 11 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-15 | AA | accounts | Accounts with accounts type full | |
| 2024-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-24 | AA | accounts | Accounts with accounts type full | |
| 2023-08-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-12 | AA01 | accounts | Change account reference date company current extended | |
| 2023-01-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-08-15 | AA01 | accounts | Change account reference date company current shortened | |
| 2022-08-11 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.