THE PRACTICE LOAN COMPANY PLC
Get an alert when THE PRACTICE LOAN COMPANY PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£81k
-43.2% vs 2025
Net assets
£297k
-12% vs 2025
Employees
3
0% vs 2025
Profit before tax
-£46k
-260.5% lowest in 6 filed years
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £675,884 | £1,070,486 | £1,307,537 | £1,628,269 | £1,293,148 | £1,088,032 | -15.9% | |
| Operating profit | £33,290 | £46,925 | £35,078 | £311,780 | £33,418 | -£39,972 | -219.6% | |
| Profit before tax | £33,304 | £45,937 | £33,632 | £311,340 | £28,508 | -£45,742 | -260.5% | |
| Net profit | £26,849 | £35,957 | £25,740 | £228,154 | £20,341 | -£40,682 | -300% | |
| Cash | £2,682 | £9,970 | £115,168 | £173,732 | £142,844 | £81,171 | -43.2% | |
| Total assets less current liabilities | £136,865 | £139,410 | £148,482 | £346,406 | £429,430 | £376,694 | -12.3% | |
| Net assets | £90,807 | £98,764 | £114,504 | £317,658 | £337,999 | £297,317 | -12% | |
| Equity | £90,807 | £98,764 | £114,504 | £317,658 | £337,999 | £297,317 | -12% | |
| Average employees | — | 4 | 3 | 3 | 3 | 3 | 0% | |
| Wages | £90,126 | £88,501 | £98,418 | £113,874 | £175,509 | £186,782 | +6.4% | |
| Directors' remuneration | £47,438 | £71,812 | £76,131 | £93,199 | £158,484 | £142,475 | -10.1% | |
| Directors' pension contributions | — | — | — | £1,092 | £1,137 | — | — |
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 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 4.9% | 4.4% | 2.7% | 19.1% | 2.6% | -3.7% | |
| Net margin | 4.0% | 3.4% | 2.0% | 14.0% | 1.6% | -3.7% | |
| Return on capital employed | 24.3% | 33.7% | 23.6% | 90.0% | 7.8% | -10.6% | |
| Gearing (liabilities / total assets) | 45.0% | 41.8% | 37.9% | 29.9% | 31.7% | 35.4% | |
| Current ratio | — | — | — | 3.72x | 5.46x | 4.30x | |
| Interest cover | — | 47.16x | 23.86x | — | 4.64x | -6.63x |
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
- Lindley & Co
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore consider it appropriate to continue to adopt the going concern basis in preparing the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARMICHAEL, Heidi Melissa | Secretary | 2011-09-23 | — | British |
| CARMICHAEL, Christopher Daniel | Director | 2012-09-27 | Jun 1964 | British |
| MCNALLY, Kevin Francis | Director | 2024-09-25 | Sep 1976 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWEN, Kim | Secretary | 1999-05-10 | 2005-01-10 |
| BREWER, Kevin, Dr | Nominee Secretary | 1999-05-10 | 1999-05-10 |
| CARMICHAEL, Christopher Daniel | Secretary | 2005-01-10 | 2009-06-23 |
| ECCLESTON, Garan | Secretary | 2009-06-23 | 2011-09-23 |
| BOWEN, David Raymond | Director | 1999-05-10 | 2005-01-10 |
| BOWEN, Kim | Director | 1999-05-10 | 2005-01-10 |
| CARMICHAEL, Christopher Daniel | Director | 2005-01-10 | 2009-06-23 |
| CARMICHAEL, Heidi Melissa | Director | 2011-03-31 | 2018-06-30 |
| CARMICHAEL, Heidi Melissa | Director | 2005-01-10 | 2009-06-23 |
| COX, Raymond Dennis | Director | 2014-05-09 | 2015-09-25 |
| DONNELLY, John Joseph | Director | 2009-11-18 | 2010-07-12 |
| ECCLESTON, Garan | Director | 2009-06-23 | 2011-09-09 |
| HALL, Ian Alistair | Director | 2009-06-23 | 2009-11-18 |
| HIND, Geoffrey Ronald, Dr | Director | 2014-05-09 | 2015-09-25 |
| NOBLE, Kenneth Lee Michael | Director | 2010-07-12 | 2011-03-31 |
| ROGERS, Alun Hywel Gwyn | Director | 2015-10-15 | 2018-11-30 |
| SHAW, Darren Andrew | Director | 2011-07-14 | 2012-09-27 |
| SIVIERI, Coralie Lorraine | Director | 2005-01-10 | 2009-06-23 |
| SIVIERI, Roger Augustus | Director | 2005-01-10 | 2009-06-23 |
| TONKS, Duane | Director | 1999-05-10 | 2001-10-01 |
| WARD, Paul Christopher | Director | 2014-06-11 | 2024-09-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Heidi Melissa Carmichael | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2026-06-01 | Active |
| Mr Christopher Daniel Carmichael | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-02-13 | Active |
Filing timeline
Last 20 of 113 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-07-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-07-03 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-07-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-02 | AA | accounts | Accounts with accounts type full | |
| 2024-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-15 | AA | accounts | Accounts with accounts type full | |
| 2023-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-15 | AA | accounts | Accounts with accounts type full | |
| 2022-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-16 | AA | accounts | Accounts with accounts type full | |
| 2021-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-29 | AA | accounts | Accounts with accounts type full | |
| 2020-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.