BARINGS LIMITED
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Cash
£95k
Latest balance sheet
Net assets
-£46m
lowest in 6 filed years
Employees
116
highest in 6 filed years
Profit before tax
-£23m
Period ending 2025-03-29
Watch the reel
Our short-form breakdown of BARINGS LIMITED's latest filing
UK litigation firm Barings Law sees its operating loss widen to £21.3m as the FCA pauses its motor finance redress scheme. ⚖️🚗
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
The financial statements are prepared on the going concern basis as the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the director is aware of certain material uncertainties which may cast doubt on the company's ability to continue as a going concern.
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1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-29
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-30 | 2025-03-29 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £380,353 | £374,205 | £2,191,686 | — | |
| Operating profit | — | — | — | -£11,128,320 | -£12,621,348 | -£21,266,074 | — | |
| Profit before tax | — | — | — | -£11,750,689 | -£12,758,574 | -£22,754,993 | — | |
| Net profit | — | — | — | -£11,752,432 | -£12,780,544 | -£22,754,993 | — | |
| Cash | £92,291 | £68,487 | £46,909 | £131,789 | £59,227 | £95,193 | — | |
| Total assets less current liabilities | £2,726,488 | £3,172,680 | £16,264,833 | £25,029,264 | £42,837,429 | £45,676,576 | — | |
| Net assets | £807,005 | £2,010,240 | £2,779,879 | -£11,001,141 | -£23,573,252 | -£46,328,245 | — | |
| Equity | £807,005 | £2,010,240 | £2,779,879 | -£11,001,141 | -£23,573,252 | -£46,328,245 | — | |
| Average employees | 22 | 17 | 67 | 78 | 86 | 116 | — | |
| Wages | — | — | — | £1,811,425 | £2,738,278 | £3,053,268 | — | |
| Directors' remuneration | — | — | — | £117,400 | £636,343 | £18,600 | — | |
| Directors' pension contributions | £NaN | £NaN | £NaN | £445 | — | £371 | — | |
| Highest paid director | £NaN | £NaN | £NaN | — | £636,343 | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-30 | 2025-03-29 |
|---|---|---|---|---|---|---|---|
| Return on capital employed | — | — | — | -44.5% | -29.5% | -46.6% | |
| Gearing (liabilities / total assets) | 81.4% | 80.7% | 89.5% | 130.1% | 153.4% | 198.4% | |
| Current ratio | — | — | — | 3.16x | — | — | |
| Interest cover | — | — | — | -17.88x | -91.97x | -15.89x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- AMS Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements are prepared on the going concern basis as the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the director is aware of certain material uncertainties which may cast doubt on the company's ability to continue as a going concern.”
Significant events
- “the launch and then subsequent pause of the FCA's redress scheme for motor vehicle finance claims”
- “the Court of Appeal's judgment in Angel”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WHITEHEAD, Robert Lee | Director | 2025-07-14 | Jun 1970 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOPER, Craig Michael | Director | 2011-02-21 | 2025-07-14 |
| FAZAL, Faraz Ahmed | Director | 2015-10-01 | 2017-07-10 |
| FAZAL, Faraz Ahmed | Director | 2011-02-21 | 2013-07-05 |
| KURTZ, Erich | Director | 2017-07-10 | 2021-06-30 |
| RAFIK, Sajid | Director | 2009-11-11 | 2013-08-29 |
| WANG, Qian | Director | 2019-07-15 | 2019-07-15 |
| WANG, Qian | Director | 2018-05-04 | 2018-10-15 |
| WANG, Qian | Director | 2018-05-04 | 2025-07-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Robert Lee Whitehead | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-07-14 | Active |
| Mr Craig Michael Cooper | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2025-07-14 |
Filing timeline
Last 20 of 82 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-14 | AA | accounts | Accounts with accounts type full | |
| 2026-07-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-12-11 | AA | accounts | Accounts with accounts type full | |
| 2025-08-07 | AAMD | accounts | Accounts amended with accounts type medium | |
| 2025-07-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-14 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-04 | ANNOTATION | miscellaneous | Legacy | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-15 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-03-28 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-02-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-18 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-02-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-04 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.