IGNITION CREDIT PLC
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Cash
£953K
-35.4% vs 2024
Net assets
£6.7M
-25.2% lowest in 3 filed years
Employees
13
-7.1% vs 2024
Profit before tax
£372K
-43.9% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Financials 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 | £3,250,000 | £3,279,000 | £2,789,000 | -14.9% | |
| Operating profit | £1,424,000 | £1,386,000 | £759,000 | -45.2% | |
| Profit before tax | £599,000 | £663,000 | £372,000 | -43.9% | |
| Net profit | £293,000 | £335,000 | £283,000 | -15.5% | |
| Cash | £723,000 | £1,475,000 | £953,000 | -35.4% | |
| Total assets less current liabilities | £19,980,000 | £13,562,000 | £9,232,000 | -31.9% | |
| Net assets | £11,178,000 | £9,013,000 | £6,746,000 | -25.2% | |
| Equity | £11,178,000 | £9,013,000 | £6,746,000 | -25.2% | |
| Average employees | 13 | 14 | 13 | -7.1% | |
| Wages | £662,000 | £757,000 | £775,000 | +2.4% | |
| Directors' remuneration | £158,000 | £157,000 | £204,000 | +29.9% |
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 |
|---|---|---|---|---|
| Operating margin | 43.8% | 42.3% | 27.2% | |
| Net margin | 9.0% | 10.2% | 10.1% | |
| Return on capital employed | 7.1% | 10.2% | 8.2% | |
| Gearing (liabilities / total assets) | 59.1% | 54.2% | — | |
| Current ratio | 3.49x | 2.94x | 2.50x | |
| Interest cover | 1.73x | 1.92x | 1.91x |
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.
Name history
Renamed 2 times since incorporation
- IGNITION CREDIT PLC 2005-07-21 → present
- IGNITION CREDIT LTD 2004-09-16 → 2005-07-21
- GAP INVESTMENTS LTD 2001-11-02 → 2004-09-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On this basis, the directors continue to adopt the going concern basis in preparing Ignition's 2025 financial statements. In addition, the directors have received confirmation from the parent, STAR Asset Finance Ltd, that it is the intention to provide financial support, should it be required, to at least 31 December 2027 to enable Ignition to meet its financial liabilities.”
Group structure
- IGNITION CREDIT PLC · parent
- First Capital Finance Limited 100%
- First Capital Leasing Limited 100%
- Ignition Automotive Limited 100%
Significant events
- “There are no significant events affecting the company post year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CAUNTER, Paul | Director | 2009-03-20 | Dec 1971 | British |
| DEVOY, Sean Michael, Mr. | Director | 2018-11-29 | Feb 1967 | British |
| SWIFT, Stephen | Director | 2024-08-05 | Dec 1964 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUMPREYS, Vida Kim | Secretary | 2001-11-02 | 2005-05-19 |
| HUNT, Steven Charles | Secretary | 2006-05-31 | 2020-01-11 |
| WILLIAMSON, Mark | Secretary | 2005-05-18 | 2006-05-31 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2001-11-02 | 2001-11-02 |
| GOUGH, Paul | Director | 2015-03-31 | 2020-11-30 |
| HIGGINBOTHAM, James | Director | 2020-11-30 | 2024-04-30 |
| HUMPREYS, Wayne Alan | Director | 2001-11-02 | 2005-05-19 |
| HUNT, Steven Charles | Director | 2005-07-07 | 2020-01-11 |
| TUTTE, Alan Edward | Director | 2001-11-02 | 2018-03-31 |
| WILLIAMSON, Mark | Director | 2005-05-18 | 2006-05-31 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2001-11-02 | 2001-11-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Marie-Louise Mallin | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2025-04-16 |
| Star Asset Finance Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2018-12-07 |
| Mr Anthony Granville Mallin | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 135 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-28 | AA | accounts | Accounts with accounts type full | |
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-05 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-11-19 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-19 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-19 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-12 | AA | accounts | Accounts with accounts type full | |
| 2025-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-24 | AA | accounts | Accounts with accounts type small | |
| 2024-05-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-13 | AA | accounts | Accounts with accounts type group | |
| 2023-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-07-05 | AA | accounts | Accounts with accounts type group | |
| 2022-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-03 | AA | accounts | Accounts with accounts type group | |
| 2021-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.