TSB COVERED BONDS (LM) LIMITED - Profile & Financials

Accounts Submitted 19 Mar 2025

Confirmation Statement Submitted 20 May 2025

Net assets £108.00 £1.00 2024 year on year

Total assets £108.00 £1.00 2024 year on year

Total Liabilities £0.00

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

5 Churchill Place 10 Floor London E14 5HU United Kingdom

Credit Report

Discover TSB COVERED BONDS (LM) 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

£100.00

Net Assets

£108.00

Increased by £1.00 (+1%)

Total Liabilities

N/A

Turnover

£1.00

Employees

N/A

Debt Ratio

N/A

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 1 resigned

Show resigned officers

						Status
Corporate Services (london) Limited	Corporate-secretary	United Kingdom	Unknown	—	16 May 2016	Active
Directors (no.3) Limited	Corporate-director	United Kingdom	Unknown	—	16 May 2016	Active
Directors (no.4) Limited	Corporate-director	United Kingdom	Unknown	—	16 May 2016	Active
Paivi Helena Whitaker	Director	Finnish	United Kingdom	63	8 Jan 2018	Active

Shareholders

Shareholders (2)


Tsb Covered Bonds (holdings) Limited	80.0%	80	Ordinary	31 May 2017
Tsb Bank Plc	20.0%	20	Ordinary	31 May 2017

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Tsb Covered Bonds (holdings) Limited

United Kingdom

Active

Notified 16 May 2016

Nature of Control

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

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Group Structure

TSB COVERED BONDS (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

TSB COVERED BONDS (LM) LIMITED Current Company

TSB COVERED BONDS LLP united kingdom voting rights 50 to 75 percent limited liability partnership, appoint/remove members limited liability partnership

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
20 May 2025	Confirmation Statement	Confirmation statement made on 2025-05-11 with no updates	View(3 pages)
25 Apr 2025	Officers	Change Corporate Director Company With Change Date	View(1 page)
25 Apr 2025	Officers	Change Corporate Director Company With Change Date	View(1 page)
25 Apr 2025	Persons With Significant Control	Change to Tsb Covered Bonds (Holdings) Limited as a person with significant control on 2025-04-14	View(2 pages)
25 Apr 2025	Officers	Change to director Ms Paivi Helena Whitaker on 2025-04-14	View(2 pages)