PERMANENT FUNDING (NO. 1) LIMITED
Get an alert when PERMANENT FUNDING (NO. 1) LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£1.9m
-1.8% lowest in 3 filed years
Net assets
£1.9m
-1.9% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£35k
-94.4% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
As described in the Future developments section, the Directors intend to place the Company into liquidation as soon as it is feasible. Therefore, these financial statements have been prepared on a basis other than going concern.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£24,000 | -£18,000 | -£35,000 | -94.4% | |
| Profit before tax | -£24,000 | -£18,000 | -£35,000 | -94.4% | |
| Net profit | -£24,000 | -£18,000 | -£35,000 | -94.4% | |
| Cash | £1,947,000 | £1,929,000 | £1,894,000 | -1.8% | |
| Total assets less current liabilities | £1,906,000 | £1,888,000 | £1,853,000 | -1.9% | |
| Net assets | £1,906,000 | £1,888,000 | £1,853,000 | -1.9% | |
| Equity | £1,906,000 | £1,888,000 | £1,853,000 | -1.9% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | £0 | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | -1.3% | -1.0% | -1.9% | |
| Gearing (liabilities / total assets) | 2.1% | 2.1% | 2.2% | |
| Current ratio | 47.49x | 47.05x | 46.20x |
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
- PERMANENT FUNDING (NO. 1) LIMITED 2002-03-21 → present
- ALNERY NO. 2225 LIMITED 2001-08-09 → 2002-03-21
Audit & accounting basis
- Accounting basis
- UK-adopted IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“As described in the Future developments section, the Directors intend to place the Company into liquidation as soon as it is feasible. Therefore, these financial statements have been prepared on a basis other than going concern.”
Significant events
- “In 2025, the UK economy experienced modest growth alongside persistent inflation pressures. Elevated input costs and continued global uncertainty limited business investment. Technological developments, including increased adoption of artificial intelligence, supported incremental productivity gains; however, challenges such as new US trade tariffs, geopolitical tensions and ongoing supply chain disruption continued to weigh on economic activity.”
- “Globally, recovery remained uneven, with inflation and differing monetary policy paths contributing to variable demand conditions. As a result, many UK businesses maintained a cautious approach to investment and expansion.”
- “The ongoing conflict in the Middle East, which has caused disruption to global energy markets and supply chains, is being monitored by the Group but is not expected to have a material impact on the Company's operations.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (LONDON) LIMITED | Corporate Secretary | 2002-03-18 | — | — |
| WHITAKER, Paivi Helena | Director | 2023-02-01 | Jan 1963 | Finnish |
| CSC DIRECTORS (NO.3) LIMITED | Corporate Director | 2002-03-18 | — | — |
| CSC DIRECTORS (NO.4) LIMITED | Corporate Director | 2002-03-18 | — | — |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALNERY INCORPORATIONS NO 1 LIMITED | Corporate Nominee Secretary | 2001-08-09 | 2002-03-18 |
| BALAI, David | Director | 2002-03-18 | 2009-10-29 |
| JAFFE, Daniel Marc Richard | Director | 2018-07-20 | 2023-02-01 |
| STEWART, Ian Gordon | Director | 2012-03-21 | 2016-12-09 |
| WALLACE, Claudia Ann | Director | 2016-12-09 | 2018-07-20 |
| WALLACE, Claudia Ann | Director | 2009-10-29 | 2012-03-21 |
| ALNERY INCORPORATIONS NO 1 LIMITED | Corporate Nominee Director | 2001-08-09 | 2002-03-18 |
| ALNERY INCORPORATIONS NO 2 LIMITED | Corporate Nominee Director | 2001-08-09 | 2002-03-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Permanent Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 130 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-06 | AA | accounts | Accounts with accounts type full | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2025-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-24 | CH01 | officers | Change person director company with change date | |
| 2025-04-24 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-24 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-24 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-04-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-13 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-12-13 | CH02 | officers | Change corporate director company with change date | |
| 2024-12-13 | CH02 | officers | Change corporate director company with change date | |
| 2024-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-17 | AA | accounts | Accounts with accounts type full | |
| 2023-07-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-23 | CH01 | officers | Change person director company with change date | |
| 2023-06-10 | AA | accounts | Accounts with accounts type full | |
| 2023-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-07 | TM01 | officers | Termination director company with name termination date |
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.