BARINGS DISTINCT DIRECT LENDING HOLDCO 1 LIMITED

Accounts Submitted 28 Jul 2025

Confirmation Statement Submitted 25 Jun 2025

Net assets £-9.10K £233.58K 2024 year on year

Total assets £287.66M £119.95M 2024 year on year

Total Liabilities £287.67M £119.72M 2024 year on year

Charges 1

1 outstanding

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Contact & Details

Contact

Update Details

Registered Address

20 Old Bailey London EC4M 7BF United Kingdom

Credit Report

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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 (2023–2024)

Cash in Bank

£12.59M

Decreased by £2.71M (-18%)

Net Assets

-£9.10k

Increased by £233.58k (+96%)

Total Liabilities

£287.67M

Increased by £119.72M (+71%)

Turnover

£27.45M

Increased by £25.17M (+1105%)

Employees

N/A

Debt Ratio

100%

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

2 active 2 resigned

Show resigned officers

						Status
Stuart Ian Mathieson	Director	British	United Kingdom	55	18 Mar 2024	Active
Thomas Henry Cameron Kilpatrick	Director	British	United Kingdom	45	18 Mar 2024	Active

Shareholders

Shareholders (1)


Distinct Direct Lending Fund 1 Scsp	100.0%	1	Ordinary	25 Jun 2024

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Lppi Credit Investments Lp

United Kingdom

Active

Notified 16 Jun 2023

Nature of Control

Significant Influence Or Control

See All Controllers

Group Structure

LPPI CREDIT INVESTMENTS LP united kingdom significant influence or control

LPPI CREDIT GP LIMITED united kingdom shares 25 to 50 percent, voting rights 25 to 50 percent

LOCAL PENSIONS PARTNERSHIP INVESTMENTS LTD united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

LOCAL PENSIONS PARTNERSHIP LTD united kingdom

LPPI SCOTLAND (NO.1) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

LPPI SCOTLAND (NO.2) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

BARINGS DISTINCT DIRECT LENDING HOLDCO 1 LIMITED Current Company

Charges

1 outstanding

Documents

Company Filings

Date	Category	Description	Document
28 Jul 2025	Accounts	Annual accounts made up to 2024-12-31	View(39 pages)
25 Jun 2025	Confirmation Statement	Confirmation statement made on 2025-06-15 with no updates	View(3 pages)
7 Apr 2025	Accounts	Annual accounts made up to 2023-12-31	View(32 pages)
13 Mar 2025	Accounts	Annual accounts made up to 2024-06-30	View(1 page)
17 Jan 2025	Miscellaneous	Rectified The material was formerly considered to form part of the register but is no longer considered by the registrar to do so	View