PRINCIPALITY UNREGULATED COVERED BONDS LLP

Accounts Submitted 24 Jun 2024

Confirmation Statement Submitted 15 Nov 2024

Net assets £753.70M £36.70M 2024 year on year

Total assets £14109.20M £1582.60M 2024 year on year

Total Liabilities £0.00

Charges 1

1 satisfied

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Contact & Details

Contact

Update Details

Registered Address

1 Bartholomew Lane London EC2N 2AX 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 (2013–2024)

Cash in Bank

N/A

Net Assets

£753.70M

Increased by £36.70M (+5%)

Total Liabilities

N/A

Turnover

£173.10M

Decreased by £10.50M (-6%)

Employees

1225

Decreased by 3 (-0%)

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

3 active

Show resigned officers

						Status
Principality Building Society	Corporate-llp-member	United Kingdom	Unknown	—	10 Sept 2008	Active
Principality Designated Member No.1 Limited	Corporate-llp-designated-member	United Kingdom	Unknown	—	10 Sept 2008	Active
Principality Designated Member No.2 Limited	Corporate-llp-designated-member	United Kingdom	Unknown	—	10 Sept 2008	Active

Shareholders

Shareholders (0)

No shareholder data available

Persons with Significant Control

Persons with Significant Control (3)

3 Active

Principality Building Society

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

Right To Share Surplus Assets 75 To 100 Percent Limited Liability Partnership
Right To Appoint And Remove Members Limited Liability Partnership

Principality Designated Member No.2 Limited

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

Right To Appoint And Remove Members Limited Liability Partnership

Principality Designated Member No.1 Limited

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

Right To Appoint And Remove Members Limited Liability Partnership

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Group Structure

PRINCIPALITY DESIGNATED MEMBER NO.1 LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent

PRINCIPALITY DESIGNATED MEMBER NO.2 LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent

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 UNREGULATED COVERED BONDS LLP Current Company

Charges

1 satisfied

Documents

Company Filings

Date	Category	Description	Document
4 Nov 2025	Gazette	Gazette Dissolved Voluntary	View(1 page)
19 Aug 2025	Gazette	Gazette Notice Voluntary	View(1 page)
11 Aug 2025	Dissolution	Dissolution Application Strike Off Limited Liability Partnership	View(3 pages)
21 May 2025	Mortgage	Mortgage Satisfy Charge Full Limited Liability Partnership	View(2 pages)
15 Nov 2024	Confirmation Statement	Confirmation statement made on 2024-11-05 with no updates	View(3 pages)