CHETWOOD FUNDING 2024-1 PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-10 (in 5mo)
Last made up 2025-09-26
Watchouts
None on the register
Cash
£29M
Latest balance sheet
Net assets
-£15M
Equity attributable
Employees
—
Average over period
Profit before tax
-£15M
Period ending 2025-03-31
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | £973,000 | -£12,244,000 | |
| Profit before tax | — | -£14,520,000 | |
| Net profit | — | -£14,520,000 | |
| Cash | £18,008,000 | £29,017,000 | |
| Total assets less current liabilities | £1,161,906,000 | £1,034,560,000 | |
| Net assets | £13,000 | -£14,507,000 | |
| Equity | £13,000 | -£14,507,000 | |
| Average employees | — | — | |
| 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Return on capital employed | 0.1% | -1.2% | |
| Gearing (liabilities / total assets) | 100.0% | 101.4% | |
| Current ratio | 18.77x | 46.28x | |
| Interest cover | 0.03x | -0.16x |
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.
Name history
Renamed 1 time since incorporation
- CHETWOOD FUNDING 2024-1 PLC 2023-12-08 → present
- CHETWOOD FUNDING 2023-1 PLC 2023-09-27 → 2023-12-08
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed, taking into consideration the principal risks and uncertainties set out in note 2.3 of the financial statements, the future strategic plans and anticipated economic conditions including the global economic downturn, and the entity's ability to continue as a going concern.”
Significant events
- “On 8 January 2024 the Company issued a prospectus as part of the securitisation transaction in order to issue loan notes (the "Notes") which are non-recourse. Under the terms of the securitisation transaction, the proceeds of the Notes were used to acquire a portfolio of residential mortgages from Chetwood Financial Limited.”
- “During the year the Company made a loss of £14,520k (2024: profit of £300) after fair value movements on unmatched swaps excluding accrued interest. Before fair value movements on unmatched swaps the Company made a profit of £1,200 (2024: £300).”
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 | 2023-09-27 | — | — |
| KHAN, Raheel Shehzad | Director | 2025-02-24 | Nov 1976 | British |
| CSC DIRECTORS (NO.1) LIMITED | Corporate Director | 2023-09-27 | — | — |
| CSC DIRECTORS (NO.2) LIMITED | Corporate Director | 2023-09-27 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NOWACKI, John-Paul | Director | 2023-09-27 | 2025-02-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Chetwood Funding 2023-1 Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-09-27 | Active |
Filing timeline
Last 16 of 16 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-23 RESOLUTIONS Resolution
- 2023-12-18 MA Memorandum articles
- 2023-12-08 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | 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 | |
| 2024-10-16 | AA | accounts | Accounts with accounts type full | |
| 2024-09-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-23 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-18 | MA | incorporation | Memorandum articles | |
| 2023-12-08 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-12-06 | AA01 | accounts | Change account reference date company current extended | |
| 2023-10-12 | AA01 | accounts | Change account reference date company current shortened | |
| 2023-10-12 | CERT8A | incorporation | Legacy | |
| 2023-10-12 | SH50 | reregistration | Application trading certificate | |
| 2023-10-10 | SH01 | capital | Capital allotment shares | |
| 2023-09-27 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.