ATLAS FUNDING 2023-1 PLC
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Cash
£11M
+8.2% vs 2024
Net assets
£4M
-61.3% vs 2024
Employees
0
Average over period
Profit before tax
-£6.3M
-1,193.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
There are specific circumstances which have arisen pre and post the financial year end that the Directors consider give rise to a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. Namely this relates to the Optional Redemption date on the Notes being in October 2026.
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 | £20,077,410 | £16,480,644 | -17.9% | |
| Operating profit | — | — | — | |
| Profit before tax | £574,653 | -£6,281,712 | -1,193.1% | |
| Net profit | £574,353 | -£6,282,012 | -1,193.8% | |
| Cash | £10,349,433 | £11,197,584 | +8.2% | |
| Total assets less current liabilities | £255,838,966 | £248,833,037 | -2.7% | |
| Net assets | £10,244,360 | £3,962,348 | -61.3% | |
| Equity | £10,244,360 | £3,962,348 | -61.3% | |
| 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 |
|---|---|---|---|
| Net margin | 2.9% | -38.1% | |
| Gearing (liabilities / total assets) | 96.5% | 98.5% | |
| Current ratio | 1.57x | 2.06x |
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
“There are specific circumstances which have arisen pre and post the financial year end that the Directors consider give rise to a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. Namely this relates to the Optional Redemption date on the Notes being in October 2026.”
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 | 2023-02-09 | — | — |
| WATSON, Alasdair James David | Director | 2025-02-24 | Sep 1970 | British |
| CSC DIRECTORS (NO.1) LIMITED | Corporate Director | 2023-02-09 | — | — |
| CSC DIRECTORS (NO.2) LIMITED | Corporate Director | 2023-02-09 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NOWACKI, John-Paul | Director | 2023-02-09 | 2025-02-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Atlas Holdings 2023-1 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-02-09 | Active |
Filing timeline
Last 16 of 16 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-03 | AA | accounts | Accounts with accounts type full | |
| 2026-03-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-21 | AA | accounts | Accounts with accounts type full | |
| 2025-02-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-21 | AA | accounts | Accounts with accounts type full | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-05-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-24 | CERT8A | incorporation | Legacy | |
| 2023-02-24 | SH50 | reregistration | Application trading certificate | |
| 2023-02-21 | AA01 | accounts | Change account reference date company current shortened | |
| 2023-02-21 | SH01 | capital | Capital allotment shares | |
| 2023-02-09 | 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.