CORNUBIA FUNDING LIMITED
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Cash
£6.6m
+4% highest in 3 filed years
Net assets
-£1.4m
-43.3% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£420k
-709.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
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 | £3,631,098 | £6,989,119 | — | — | |
| Operating profit | — | £68,935 | -£420,145 | -709.5% | |
| Profit before tax | -£1,039,241 | £68,935 | -£420,145 | -709.5% | |
| Net profit | -£1,039,658 | £68,435 | -£420,525 | -714.5% | |
| Cash | £6,169,721 | £6,310,647 | £6,564,048 | +4% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | -£1,039,657 | -£971,222 | -£1,391,747 | -43.3% | |
| Equity | -£1,039,657 | -£971,222 | — | — | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 | — | 1.0% | — | |
| Net margin | -28.6% | 1.0% | — | |
| Gearing (liabilities / total assets) | 101.6% | 100.8% | 101.9% | |
| Current ratio | — | 1.37x | 1.72x | |
| Interest cover | — | 0.01x | -0.10x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The Directors have assessed the likelihood that the Company will be able to meet its debts as they fall due for the period of at least 15 months from the date of signing of the financial statements (the "Going Concern Assessment"). The forecasts and projections show that the Company will be able to operate with adequate levels of both liquidity and capital in all stressed scenarios.”
Significant events
- “On 17 December 2025, the Company amended the counterparties to its activities following the repapering of its warehouse facility arrangements.”
- “During the year, the Company repapered its warehouse facility on 17 December 2025, resulting in the change in the Deemed loan counterparty from UKMLL to UKSLL.”
- “During the year, the Company repapered its warehouse facility on 17 December 2025, resulting in the change in the loan notes counterparty from UKMLL to UKSLL.”
- “On 30 January 2026, Pepper Global TopCo Limited sold its stake in the Pepper Money Group Limited to Callisto UK Bidco Limited, a company registered in England and Wales. Since 30 January 2026, the ultimate parent company of the Group is Callisto Jersey Topco Limited, an entity registered in Jersey.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAW DEBENTURE CORPORATE SERVICES LIMITED | Corporate Secretary | 2022-10-14 | — | — |
| FILER, Mark Howard | Director | 2022-10-14 | Jun 1967 | British |
| L.D.C. SECURITISATION DIRECTOR NO. 1 LIMITED | Corporate Director | 2022-10-14 | — | — |
| L.D.C. SECURITISATION DIRECTOR NO. 2 LIMITED | Corporate Director | 2022-10-14 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Law Debenture Intermediary Corporation P.L.C. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-10-14 | Active |
Filing timeline
Last 11 of 11 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-04 | AA | accounts | Accounts with accounts type full | |
| 2024-10-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-10-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-10-25 | AA01 | accounts | Change account reference date company current extended | |
| 2022-10-14 | NEWINC | incorporation | Incorporation company |
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.