ELSTREE FUNDING NO.3 PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-10 (in 5mo)
Last made up 2025-09-26
Watchouts
Cash
£7M
+12.6% vs 2023
Net assets
£10M
-7.8% vs 2023
Employees
0
Average over period
Profit before tax
-£834K
-107.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
These conditions, along with the other matters explained in note 2 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.
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 | £15,462,362 | £18,758,438 | |
| Operating profit | £10,739,927 | -£834,180 | |
| Profit before tax | £10,739,927 | -£834,180 | |
| Net profit | £10,739,692 | -£834,363 | |
| Cash | £5,857,712 | £6,596,215 | |
| Total assets less current liabilities | £280,458,911 | £236,707,916 | |
| Net assets | £10,752,193 | £9,917,830 | |
| Equity | £10,752,193 | £9,917,830 | |
| 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
-
Turnover
+21.3%
£15,462,362 £18,758,438
-
Cash
+12.6%
£5,857,712 £6,596,215
-
Net assets
-7.8%
£10,752,193 £9,917,830
-
Employees
—
Not reported
-
Operating profit
-107.8%
£10,739,927 -£834,180
-
Profit before tax
-107.8%
£10,739,927 -£834,180
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 |
|---|---|---|---|
| Operating margin | 69.5% | -4.4% | |
| Net margin | 69.5% | -4.4% | |
| Return on capital employed | 3.8% | -0.4% | |
| Gearing (liabilities / total assets) | 96.6% | 96.4% | |
| Current ratio | 1.04x | 1.06x | |
| Interest cover | 0.73x | -0.05x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“These conditions, along with the other matters explained in note 2 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.”
Significant events
- “The wars in Ukraine and the Middle East, as well as the recent imposition of tariffs by the USA, continue to be a concern for markets and economies across the globe, and are a concern for the Company due to the potential negative consequences from higher interest rates and inflation on UK living costs.”
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 | 2022-09-27 | — | — |
| MCGRATH, Catherine Mary Elizabeth | Director | 2023-09-07 | Dec 1989 | British |
| CSC DIRECTORS (NO.1) LIMITED | Corporate Director | 2022-09-27 | — | — |
| CSC DIRECTORS (NO.2) LIMITED | Corporate Director | 2022-09-27 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KLEANTHOUS, Constantinos | Director | 2022-09-27 | 2023-09-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Elstree Funding No.3 Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-09-27 | Active |
Filing timeline
Last 20 of 21 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-07 | AA | accounts | Accounts with accounts type full | |
| 2023-10-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-22 | CH01 | officers | Change person director company with change date | |
| 2023-09-22 | CH01 | officers | Change person director company with change date | |
| 2023-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-07-12 | AA | accounts | Accounts with accounts type dormant | |
| 2023-03-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-03-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-02 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-10-12 | CERT8A | incorporation | Legacy | |
| 2022-10-12 | SH50 | reregistration | Application trading certificate | |
| 2022-10-10 | SH01 | capital | Capital allotment shares | |
| 2022-10-06 | AA01 | accounts | Change account reference date company current extended |
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.