VOLVO CAR FINANCIAL SERVICES UK LIMITED
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Cash
—
Latest balance sheet
Net assets
£196m
+19% highest in 3 filed years
Employees
43
-2.3% vs 2024
Profit before tax
£42m
-3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-10-15.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 |
|---|---|---|---|---|---|
| Net interest income | — | £170,229,000 | £199,440,000 | +17.2% | |
| Fee & commission income | — | — | — | — | |
| Operating income | — | — | — | — | |
| Impairment losses | — | £5,730,000 | £10,996,000 | +91.9% | |
| Profit before tax | £30,692,000 | £43,083,000 | £41,799,000 | -3% | |
| Net profit | £23,659,000 | £32,283,000 | £31,257,000 | -3.2% | |
| Loans & advances to customers | — | £1,806,306,000 | £1,823,126,000 | +0.9% | |
| Customer deposits | — | — | — | — | |
| Total assets | £1,822,417,000 | £2,748,310,000 | £3,065,398,000 | +11.5% | |
| Total liabilities | £1,689,816,000 | £2,583,426,000 | £2,869,257,000 | +11.1% | |
| Equity | £132,601,000 | £164,884,000 | £196,141,000 | +19% | |
| Average employees | 39 | 44 | 43 | -2.3% |
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 | 31.1% | 25.3% | — | |
| Net margin | 24.0% | 19.0% | — | |
| Return on capital employed | 2.5% | 2.2% | — | |
| Gearing (liabilities / total assets) | 92.7% | 94.0% | 93.6% | |
| Current ratio | 0.95x | 0.95x | — | |
| Interest cover | 0.49x | 0.38x | — |
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
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for at least the period of 12 months from the date the financial statements are authorised for issue.”
Group structure
- VOLVO CAR FINANCIAL SERVICES UK LIMITED · parent
- Axle 2023-1 Limited 100%
Significant events
- “In Q2 of 2025, the Company acquired a portfolio of contract hire agreements and the associated underlying vehicle fleet from UK Automotive Solutions Limited (UKAS) for consideration of £256.3m and acquired the benefits and rights under associated maintenance contracts from Volvo Car UK Limited for consideration of £7.2m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SANTANDER SECRETARIAT SERVICES LIMITED | Corporate Secretary | 2020-07-04 | — | — |
| APARICIO MANUEL, Carlos Antonio | Director | 2026-09-09 | Feb 1967 | Spanish |
| BERTILSSON OLSBORG, Oscar | Director | 2024-10-22 | Aug 1977 | Swedish |
| CARACUEL BARBECHO, Joaquin | Director | 2026-03-11 | Dec 1977 | Spanish |
| COX, Mark | Director | 2026-09-10 | Mar 1973 | British |
| GOLDHAGEN, Adam Roy | Director | 2024-06-01 | Sep 1964 | British |
| MAYORAL, Edgar | Director | 2020-11-17 | Jul 1965 | Spanish |
| MELILLO SHAW, Nicole Louise | Director | 2024-01-01 | Nov 1978 | British |
| RUDARP, Karl Erik Johan | Director | 2025-10-20 | Apr 1982 | Swedish |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASPENBERG, Daniel | Director | 2023-02-02 | 2025-10-17 |
| BELLEMANS, Pascal Roger I. | Director | 2020-11-17 | 2023-02-02 |
| EKDAHL, Lars Johan | Director | 2020-11-17 | 2023-02-02 |
| ELVEFORS, Nils Kristian | Director | 2020-11-17 | 2023-12-31 |
| EVANS, Michael David | Director | 2020-11-17 | 2024-10-22 |
| HILL, Victor Thomas | Director | 2020-07-04 | 2024-05-31 |
| LINDSKOG, Jennifer Deguzman | Director | 2023-02-02 | 2024-10-22 |
| MONTALVO WILMOT, Bruno | Director | 2020-11-17 | 2024-11-15 |
| O'SULLIVAN, Damien Patrick | Director | 2024-11-30 | 2025-02-09 |
| SODERBOM, Rosmarie | Director | 2024-10-22 | 2026-04-30 |
| TURNER, Kevin Joseph | Director | 2020-07-04 | 2024-11-30 |
| YSART ALVAREZ DE TOLEDO, Federico Jose Maria | Director | 2024-11-15 | 2025-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Volvo Car Corporation | Corporate entity | Shares 25–50%, Voting 25–50% | 2020-11-17 | Active |
| Santander Consumer (Uk) Plc | Corporate entity | Shares 50–75%, Voting 50–75% | 2020-07-04 | Active |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-08 | AA | accounts | Accounts with accounts type group | |
| 2026-09-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-09-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-06-17 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-02-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-28 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 3
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.