SPECIALIST LENDING LTD
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Cash
£2.3m
-56.7% lowest in 3 filed years
Net assets
£586k
-93.9% lowest in 3 filed years
Employees
35
-47.8% lowest in 3 filed years
Profit before tax
-£9m
+70.9% highest 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
The directors intend to liquidate the Company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern.
-
Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £10,381,000 | £9,309,000 | £2,263,000 | -75.7% | |
| Operating profit | -£23,151,000 | -£18,933,000 | -£8,887,000 | +53.1% | |
| Profit before tax | -£31,935,000 | -£31,044,000 | -£9,045,000 | +70.9% | |
| Net profit | -£31,937,000 | -£31,058,000 | -£9,050,000 | +70.9% | |
| Cash | £3,597,000 | £5,245,000 | £2,272,000 | -56.7% | |
| Total assets less current liabilities | £45,490,000 | £9,636,000 | £586,000 | -93.9% | |
| Net assets | £2,590,000 | £9,636,000 | £586,000 | -93.9% | |
| Equity | £2,590,000 | £9,636,000 | £586,000 | -93.9% | |
| Average employees | 65 | 67 | 35 | -47.8% | |
| Wages | £3,445,000 | £3,828,000 | £2,634,000 | -31.2% | |
| Directors' remuneration | £563,000 | £577,000 | £601,000 | +4.2% |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Return on capital employed | -50.9% | -196.5% | -1516.6% | |
| Gearing (liabilities / total assets) | 95.8% | 82.7% | 81.1% | |
| Current ratio | 4.08x | 1.21x | 1.23x | |
| Interest cover | -2.62x | -1.55x | -32.91x |
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
- Johnsons Chartered Accountants
- Audit opinion
- Disclaimer of opinion
- Going concern
- Not a going concern (break-up basis)
“The directors intend to liquidate the Company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern.”
Group structure
- SPECIALIST LENDING LTD · parent
- Specialist Lending Management I Limited 100%
Significant events
- “In 2025, the Company applied to the Financial Conduct Authority (FCA) for the removal of its regulatory authorisation. This application was approved in September 2025.”
- “In September 2025, the Director, Michael Bevan completed the buy-out of the Company from the group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEVAN, Michael | Director | 2019-02-23 | Jun 1980 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ENDEMANO, Alison | Director | 2018-08-16 | 2019-12-05 |
| FRASER, James Annand, Mr. | Director | 2021-04-21 | 2024-04-22 |
| GAGIE, David Ronald | Director | 2021-04-21 | 2024-10-31 |
| LITTLE, Gary | Director | 2017-03-10 | 2018-10-18 |
| PUSINELLI, David Charles | Director | 2017-08-21 | 2020-04-23 |
| TAYLOR, Helga Clare | Director | 2021-04-21 | 2024-04-22 |
| TAYLOR, John Richard | Director | 2017-03-10 | 2018-10-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ocm Epf Specialist Lending Ltd | Corporate entity | Shares 75–100% | 2025-12-17 | Active |
| Oaktree Capital Group Llc | Corporate entity | Significant influence | 2025-04-28 | Ceased 2025-12-17 |
| Ocm Epf Specialist Lending Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors (as trust) | 2017-03-10 | Ceased 2025-04-28 |
Filing timeline
Last 20 of 48 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-03 | AA | accounts | Accounts with accounts type full | |
| 2026-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-20 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-05-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-02-10 | AA | accounts | Accounts with accounts type full | |
| 2025-02-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-23 | CH01 | officers | Change person director company with change date | |
| 2024-05-14 | AA | accounts | Accounts with accounts type full | |
| 2024-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-01 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.