SKIPTON COVERED BONDS LIMITED LIABILITY PARTNERSHIP
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Cash
£123M
+8.9% vs 2024
Net assets
£151M
+25.1% vs 2024
Employees
0
Average over period
Profit before tax
£55K
+107.2% vs 2024
Net assets
2-year trend · vs Unclassified 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 | £126,537,000 | £123,268,000 | -2.6% | |
| Operating profit | — | — | — | |
| Profit before tax | -£759,000 | £55,000 | +107.2% | |
| Net profit | -£759,000 | £55,000 | +107.2% | |
| Cash | £112,649,000 | £122,691,000 | +8.9% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £120,460,000 | £150,726,000 | +25.1% | |
| Equity | £120,460,000 | £150,726,000 | +25.1% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Members' remuneration | — | — | — |
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 | -0.6% | 0.0% | |
| Gearing (liabilities / total assets) | 93.8% | 94.9% |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Management Committee are satisfied that there are no material uncertainties that may cast significant doubt over the LLP's ability to continue as a going concern and have, therefore, continued to adopt the going concern basis in preparing these financial statements.”
Significant events
- “The LLP has acquired mortgage loan portfolios originated by the Society, one of the designated members of the LLP. These acquisitions were funded by loans from the Society which amounted to £2,964m at 31 December 2025 (2024: £1,939m).”
- “The loans from the Society are linked to the following outstanding covered bond issuances by the Society: April 2022 - £500 million, June 2023 - £500 million, October 2023 - £500 million, June 2024 - €500 million, April 2025 - £500 million, September 2025 - £500 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SKIPTON BUILDING SOCIETY | Corporate LLP Designated Member | 2008-05-30 | — | — |
| SKIPTON COVERED BONDS FINANCE LIMITED | Corporate LLP Designated Member | 2008-05-30 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Skipton Building Society | Corporate entity | Voting 25–50% (LLP), Surplus assets 75–100% (LLP), Appoints members (LLP) | 2016-04-06 | Active |
| Skipton Covered Bonds Finance Limited | Corporate entity | Voting 25–50% (LLP) | 2016-04-06 | Active |
Filing timeline
Last 20 of 66 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-23 | AA | accounts | Accounts with accounts type full | |
| 2025-09-12 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2025-08-14 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2025-06-03 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-29 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2025-05-23 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2025-04-03 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2025-03-31 | AA | accounts | Accounts with accounts type full | |
| 2025-03-17 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2024-06-12 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2024-05-30 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-15 | AA | accounts | Accounts with accounts type full | |
| 2023-06-08 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-06 | AA | accounts | Accounts with accounts type full | |
| 2022-11-03 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2022-10-10 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2022-09-07 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2022-06-01 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-22 | AA | accounts | Accounts with accounts type full | |
| 2022-03-17 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership |
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.