DUNCAN FUNDING 2024-1 PLC
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-02-20 (in 9mo)
Last made up 2026-02-06
Watchouts
None on the register
Cash
£28M
+20.3% vs 2024
Net assets
—
Equity attributable
Employees
0
Average over period
Profit before tax
£5K
+150% vs 2024
Profit before tax
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £17,433,000 | £23,955,000 | |
| Operating profit | — | — | |
| Profit before tax | £2,000 | £5,000 | |
| Net profit | £2,000 | £4,000 | |
| Cash | £22,985,000 | £27,646,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | — | — | |
| Equity | £15,000 | £19,000 | |
| 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
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
+37.4%
£17,433,000 £23,955,000
-
Cash
+20.3%
£22,985,000 £27,646,000
-
Net assets
—
Not reported
-
Employees
—
Not reported
-
Profit before tax
+150%
£2,000 £5,000
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 |
|---|---|---|---|
| Net margin | 0.0% | 0.0% |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are satisfied that the Company has adequate resources to continue to operate for the foreseeable future and is financially sound. In addition, the Notes are limited recourse obligations of the Company. Should there be insufficient funds to pay in full any amounts due and payable on the Notes, following the realisation of assets and after payments in accordance with the priority of payments, then such outstanding amounts cease to be due and payable by the Company. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “On 23 May 2024 (the "Closing Date"), the Company issued two classes of Notes, comprising: the AAA/Aaa rated Class A Notes at a balance of £500 million; and the unrated Subordinated Note at a balance of £61.8 million.”
- “During the period the Company repaid £20m (2024: £5m) of the A notes, reducing the A notes balance to £475m (2024: £495m).”
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 | 2024-02-07 | — | — |
| MCGRATH, Catherine Mary Elizabeth | Director | 2024-02-07 | Dec 1989 | British |
| CSC DIRECTORS (NO.1) LIMITED | Corporate Director | 2024-02-07 | — | — |
| CSC DIRECTORS (NO.2) LIMITED | Corporate Director | 2024-02-07 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Duncan Holdings 2024-1 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-02-07 | Active |
Filing timeline
Last 20 of 29 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-16 | AA | accounts | Accounts with accounts type full | |
| 2026-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-22 | AA | accounts | Accounts with accounts type full | |
| 2025-04-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- 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.