PRINCIPALITY DESIGNATED MEMBER NO.1 LIMITED

Accounts Submitted 23 Sept 2025

Confirmation Statement Submitted 29 Aug 2025

Net assets £211.00 £0.00 2024 year on year

Total assets £239.00 £0.00 2024 year on year

Total Liabilities £28.00 £0.00 2024 year on year

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

10th Floor 5 Churchill Place London E14 5HU England

Credit Report

Discover PRINCIPALITY DESIGNATED MEMBER NO.1 LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2024

Type Total Exemption Full

Next accounts 31 December 2025

Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2021–2024)

Cash in Bank

£239.00

Net Assets

£211.00

Total Liabilities

£28.00

Turnover

N/A

Employees

N/A

Debt Ratio

12%

Financial History

Revenue, profit, EBITDA and key financial figures

	2024 Dec Year End	2023 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Officers

4 active 2 resigned

Show resigned officers

						Status
Corporate Services (london) Limited	Corporate-secretary	United Kingdom	Unknown	—	8 Sept 2008	Active
Directors (no.3) Limited	Corporate-director	United Kingdom	Unknown	—	8 Sept 2008	Active
Directors (no.4) Limited	Corporate-director	United Kingdom	Unknown	—	8 Sept 2008	Active
Paivi Helena Whitaker	Director	Finnish	United Kingdom	63	27 Jan 2017	Active

Shareholders

Shareholders (2)


Principality Covered Bonds Finance (holdings) Limited	80.0%	80	Ordinary	5 Oct 2015
Principality Building Society	20.0%	20	Ordinary	5 Oct 2015

Persons with Significant Control

Persons with Significant Control (2)

2 Active

Principality Covered Bonds Finance (holdings) Limited

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent

Principality Building Society

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

Ownership Of Shares 25 To 50 Percent
Voting Rights 25 To 50 Percent

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Group Structure

PRINCIPALITY BUILDING SOCIETY united kingdom

PRINCIPALITY COVERED BONDS FINANCE (HOLDINGS) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent

CSC CORPORATE SERVICES (LONDON) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent

CSC MANAGEMENT SERVICES (UK) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

CSC ITG HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

CSC FINANCIAL SERVICES HOLDINGS LIMITED united kingdom

PRINCIPALITY DESIGNATED MEMBER NO.1 LIMITED Current Company

PRINCIPALITY UNREGULATED COVERED BONDS LLP united kingdom appoint/remove members limited liability partnership

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
18 Nov 2025	Officers	Change to director Ms Paivi Helena Whitaker on 2025-11-18	View(2 pages)
17 Nov 2025	Address	Change Registered Office Address Company With Date Old Address New Address	View(1 page)
17 Nov 2025	Officers	Change Corporate Director Company With Change Date	View(1 page)
17 Nov 2025	Officers	Change Corporate Director Company With Change Date	View(1 page)
17 Nov 2025	Persons With Significant Control	Change to Principality Covered Bonds Finance (Holdings) Limited as a person with significant control on 2025-11-17	View(2 pages)