TOWER BRIDGE FUNDING 2024-2 PLC
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-02-11 (in 9mo)
Last made up 2026-01-28
Watchouts
Cash
£49M
+220.1% vs 2024
Net assets
-£6M
-1,245.5% vs 2024
Employees
—
Average over period
Profit before tax
-£5M
-1,109.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
the financial statements have been prepared on a going concern basis, although the potential refinance at optional redemption date represents a material uncertainty that may cast significant doubt on the ability of the Company to continue as a going concern.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£422,583 | -£5,111,426 | |
| Profit before tax | -£422,583 | -£5,111,426 | |
| Net profit | -£423,333 | -£5,116,801 | |
| Cash | £15,389,360 | £49,261,939 | |
| Total assets less current liabilities | £312,388,243 | £253,137,063 | |
| Net assets | -£410,833 | -£5,527,634 | |
| Equity | -£410,833 | -£5,527,634 | |
| 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 2025-12-31 vs 2024-12-31
-
Turnover
—
Not reported
-
Cash
+220.1%
£15,389,360 £49,261,939
-
Net assets
-1,245.5%
-£410,833 -£5,527,634
-
Employees
—
Not reported
-
Operating profit
-1,109.6%
-£422,583 -£5,111,426
-
Profit before tax
-1,109.6%
-£422,583 -£5,111,426
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Return on capital employed | -0.1% | -2.0% | |
| Gearing (liabilities / total assets) | 100.1% | 102.2% | |
| Current ratio | 10.68x | 22.54x | |
| Interest cover | -0.03x | -0.34x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“the financial statements have been prepared on a going concern basis, although the potential refinance at optional redemption date represents a material uncertainty that may cast significant doubt on the ability of the Company to continue as a going concern.”
Significant events
- “There have been no significant events affecting the Company since the year end.”
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 |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (UK) LIMITED | Corporate Secretary | 2024-01-29 | — | — |
| PARSALL, Debra Amy | Director | 2024-01-29 | Oct 1981 | British |
| CSC DIRECTORS (NO.1) LIMITED | Corporate Director | 2024-01-29 | — | — |
| CSC DIRECTORS (NO.2) LIMITED | Corporate Director | 2024-01-29 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tower Bridge Funding 2024-2 Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-01-29 | Active |
Filing timeline
Last 12 of 12 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-26 | AA | accounts | Accounts with accounts type full | |
| 2026-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-19 | AA | accounts | Accounts with accounts type full | |
| 2025-02-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-26 | CERT8A | incorporation | Legacy | |
| 2024-02-26 | SH50 | reregistration | Application trading certificate | |
| 2024-02-25 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-02-16 | SH01 | capital | Capital allotment shares | |
| 2024-02-02 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-01-29 | 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.