PRUDENTIAL LIFETIME MORTGAGES LIMITED

5 CENTRAL WAY, KILDEAN BUSINESS PARK, STIRLING, FK8 1FT

Previous name: SCOTTISH AMICABLE INVESTMENT MANAGERS LIMITED (changed on 14-Jun-2005)

Company Number: SC073158
Incorporation date: 18-Nov-1980
Status: Active
Entity type: Private Limited Company

SIC codes:
64929 Other credit granting not elsewhere classified





SUMMARY

This company is 43.4 years old and is currently active. It is controlled by The Prudential Assurance Company Limited. The company has positive equity (net assets) of GBP 81.5 million which has increased from GBP 66 million in the previous year. The latest reported revenue figure is GBP 2.9 million which is similar to the previous year's figure of GBP 3.1 million. The company has 4 active officers (directors or partners) who are or were officers of 22 other companies, 3 (13.6%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 2,931,000 430,000 7,882,000 2,319,000 15,475,000
31-Dec-2018 GBP 3,081,000 -6,569,000 7,600,000 3,057,000 -4,694,000
31-Dec-2017 GBP 3,368,000 528,000 6,683,000 2,925,000 5,235,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 10,654,000 426,487,000 396,098,000 53,000,000 13,879,000 81,499,000
31-Dec-2018 GBP 19,812,000 507,033,000 31,753,000 53,000,000 -1,596,000 66,024,000
31-Dec-2017 GBP 29,991,000 461,448,000 439,225,000 53,000,000 -6,645,000 60,975,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active M&G MANAGEMENT SERVICES LIMITED 04 Oct 2019 28 Mar 2024 99 - 154
Resigned PRUDENTIAL GROUP SECRETARIAL SERVICES LIMITED 31 Oct 2001 04 Oct 2019 7 - 78
Resigned Tony LEE 05 Feb 2001 31 Oct 2001 British 0 - 144
Resigned Vanessa Frances RUPAREL 01 Aug 2000 05 Feb 2001 2 - 44
Resigned David George GREEN 30 Sep 1997 01 Aug 2000 1 - 63
Resigned John Martin WILSON 19 Jan 1990 10 Apr 1998 0 - 6
Resigned Archibald Mackay STEVENSON 19 Jan 1990 0 - 7

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Clive Grant BOLTON 25 Sep 2023 Director British 5 - 84 (30.8%)
Active David NANCARROW 22 Nov 2022 Compliance Officer British 1 - 00 (0.0%)
Active Spencer, Director HORGAN 15 Aug 2022 Director British 15 - 00 (0.0%)
Resigned Paul David COOPER 10 Dec 2019 06 May 2022 Director British 0 - 120 (0.0%)
Resigned Clare Jane BOUSFIELD 06 Jun 2019 30 Sep 2023 Chief Executive Officer Insurance British 0 - 231 (4.3%)
Active Stuart PATON EVANS 23 May 2018 Director British 3 - 00 (0.0%)
Resigned David Roy MACMILLAN 03 Jul 2017 24 May 2018 Company Director British 1 - 187 (36.8%)
Resigned Jonathan Mark Donald SANDELL 30 Aug 2016 14 Nov 2017 Retail Savings & Retirement Director British 0 - 20 (0.0%)
Resigned Michael James Lifford Macnaughtan HAWES 30 Aug 2016 06 Jun 2019 Actuary British 0 - 20 (0.0%)
Resigned Daniel John PENDER 13 Feb 2015 08 Dec 2015 Capital And Commercial Director British 0 - 21 (50.0%)
Resigned Jeremy Spencer DEEKS 11 Feb 2011 09 Nov 2016 Chartered Accountant British 0 - 163 (18.8%)
Resigned Tulsi Ratakonda NAIDU 11 Feb 2011 31 May 2016 Operations Director Indian 0 - 93 (33.3%)
Resigned Finbar Anthony O'DWYER 14 Jan 2009 11 Feb 2011 Managing Director Irish 0 - 169 (56.3%)
Resigned Andrew Michael CROSSLEY 11 Jun 2008 11 Feb 2011 British 5 - 6637 (52.1%)
Resigned Keith HAGGART 12 Oct 2007 30 Jun 2010 Director British 5 - 75 (41.7%)
Resigned John Clark BETTERIDGE 29 Aug 2007 31 Dec 2013 Financial Analyst British 1 - 110 (0.0%)
Resigned Alison Victoria CROSSLEY 29 Jan 2007 30 Sep 2007 Business Director, Retirement British 0 - 43 (75.0%)
Resigned Ian David KERR 20 Nov 2006 01 May 2007 Director British 0 - 3216 (50.0%)
Resigned Gary Paul John SHAUGHNESSY 31 Oct 2006 25 Sep 2008 Md, Wealth & Health Mgt British 0 - 287 (25.0%)
Resigned Andrew David BRIGGS 25 Aug 2006 02 Oct 2006 Actuary British 9 - 5621 (32.3%)
Resigned Paul Nigel SHERIFF 20 Jun 2005 25 Aug 2006 Chartered Accountant British 0 - 63 (50.0%)
Resigned Roger Charles RAMSDEN 20 Jun 2005 31 May 2006 Product And Marketing Director British 1 - 3011 (35.5%)
Resigned Brian Willian HURD 20 Jun 2005 02 Nov 2006 Operations Director United Kingdom 2 - 176 (31.6%)
Resigned Nicolas John HAYTER 09 Sep 2004 20 Jun 2005 Chartered Accountant British 0 - 51 (20.0%)
Resigned Richard Charles EVERETT 30 Jul 2003 19 May 2005 Chartered Accountant British 0 - 188 (44.4%)
Resigned Timothy James William TOOKEY 02 Sep 2002 30 Jul 2003 Chartered Accountant British 0 - 2212 (54.5%)
Resigned Michael John MOORES 28 Nov 2001 02 Sep 2002 Accountant British 0 - 2110 (47.6%)
Resigned Gregory Mark WOOD 31 Oct 2001 30 Jul 2003 Chartered Accountant British 0 - 7734 (44.2%)
Resigned Andrew Jonathan BROWN 26 Jul 2001 31 Mar 2003 Non Executive Chairman British 0 - 4015 (37.5%)
Resigned Robert David Maxwell MARSHALL 16 Mar 2001 31 Oct 2001 Director British 0 - 42 (50.0%)
Resigned James SMITH 16 Mar 2001 31 Oct 2001 Manager British 0 - 21 (50.0%)
Resigned James White JACK 30 Nov 2000 30 Jul 2004 Finance Director British 1 - 3715 (39.5%)
Resigned Nigel Stephen BOYLING 15 Dec 1999 30 Nov 2000 Compliance Officer British 2 - 100 (0.0%)
Resigned Rodney John DENNIS 30 Sep 1997 01 Nov 1999 Chief Investment Officer British 0 - 155 (33.3%)
Resigned Keith Alan LOVETT 10 Sep 1997 30 Nov 2000 Operations Director British 0 - 134 (30.8%)
Resigned Roger Charles FISHWICK 04 Sep 1997 16 Dec 1999 Group Treasurer British 0 - 41 (25.0%)
Resigned Iain Hunter BEATTIE 08 Jan 1996 01 Oct 1997 Investment Dir British 0 - 41 (25.0%)
Resigned Bernard SOLOMONS 21 Aug 1995 01 Oct 1997 Stockbroker British 1 - 2010 (47.6%)
Resigned Gary Thomas MAIRS 16 Aug 1995 01 Oct 1997 Marketing Director British 1 - 236 (25.0%)
Resigned David John COURT 14 Jul 1995 01 Oct 1997 Investment Manager British 0 - 30 (0.0%)
Resigned William Charles Carnegie MORRISON 14 Jul 1995 01 Oct 1997 Non Executive Director British 0 - 80 (0.0%)
Resigned Ronald Andrew Baird, Sir MILLER 01 May 1993 01 Oct 1997 Company Chairman British 0 - 3826 (68.4%)
Resigned John Napier ALLAN 06 Jan 1992 26 Nov 1993 Actuary British 0 - 92 (22.2%)
Resigned Roy Macdonald NICOLSON 01 Jul 1990 01 Oct 1997 Chairman British 0 - 4623 (50.0%)
Resigned Alexander Donald STEWART 01 Jul 1990 27 Apr 1994 Retired British 2 - 207 (31.8%)
Resigned David James Bruce SUTHERLAND 01 Jul 1990 01 Oct 1997 Investment Manager British 0 - 62 (33.3%)
Resigned John Martin WILSON 01 Jul 1990 30 Sep 1997 Investment Manager British 0 - 64 (66.7%)
Resigned John Ewart ROBERTSON 01 Jul 1990 28 Nov 1997 Investment Manager British 0 - 54 (80.0%)
Resigned Archibald William Stewart GILCHRIST 01 Jul 1990 01 Apr 1997 Investment Manager British 0 - 43 (75.0%)
Resigned Douglas FERRANS 01 Jul 1990 01 Oct 1997 Investment Manager British 0 - 2312 (52.2%)
Resigned Ernest Laidlaw MCKNIGHT 01 Jul 1990 04 Jun 1991 Investment Manager British 1 - 21 (33.3%)
Resigned David Ian HUNTER 01 Jul 1990 20 Dec 1996 Property Manager British 6 - 6437 (52.9%)
Resigned William Graeme KNOX 21 Apr 1989 16 Oct 1995 Managing Director British 1 - 2514 (53.8%)
Resigned William Graeme KNOX 16 Oct 1995 Managing Director British 1 - 2514 (53.8%)
Resigned Raymond ANDERSON 31 Dec 1991 General Manager British 0 - 64 (66.7%)
Resigned William PROUDFOOT 30 Jun 1990 Chief General Manager & Actuary British 0 - 85 (62.5%)
Resigned Bernard SOLOMONS 01 Oct 1997 Stockbroker British 1 - 2010 (47.6%)
Number of active directors: 4
Average tenure of active directors: 2.3 years
Average tenure of resigned directors: 2.7 years
Average active director Dissolution Rate: 7.7%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
THE PRUDENTIAL ASSURANCE COMPANY LIMITED (00015454) - Active
PRUDENTIAL PENSIONS LIMITED (00992726) - Active
UNDERSHAFT (NO. 6) LIMITED (01927951) - Dissolved
UNDERSHAFT INSURANCE SERVICES LIMITED (01951577) - Dissolved
PRUDENTIAL FINANCIAL SERVICES LIMITED (02042953) - Active
PRUDENTIAL CAPITAL PUBLIC LIMITED COMPANY (02313262) - Active
AVIVA HEALTH UK LIMITED (02464270) - Active
UNDERSHAFT (NO. 15) LIMITED (02883739) - Dissolved
EQUITY RELEASE COUNCIL (02884568) - Active
AVIVA EQUITY RELEASE UK LIMITED (03286484) - Active
PRUDENTIAL CORPORATE PENSIONS TRUSTEE LIMITED (03656798) - Active
FRIENDS LIFE MARKETING LIMITED (05059179) - Liquidation
PRUDENTIAL CAPITAL HOLDING COMPANY LIMITED (05739088) - Active
M&G GROUP REGULATED ENTITY HOLDING COMPANY LIMITED (05996736) - Active
NORWICH CHRISTIAN RESOURCES (06675645) - Active
PRUDENTIAL REAL ESTATE INVESTMENTS 2 LIMITED (09713239) - Active
PRUDENTIAL REAL ESTATE INVESTMENTS 1 LIMITED (09713308) - Active
PRUDENTIAL EQUITY RELEASE MORTGAGES LIMITED (09713315) - Active
PRUDENTIAL REAL ESTATE INVESTMENTS 3 LIMITED (09713332) - Active
M&G CORPORATE HOLDINGS LIMITED (11554878) - Active
PRUDENTIAL LIFETIME MORTGAGES LIMITED (SC073158) - Active
PRUDENTIAL UK SERVICES LIMITED (SC176097) - Active
PRUDENTIAL DISTRIBUTION LIMITED (SC212640) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-06-132015-06-132014-06-132012-06-13
THE PRUDENTIAL ASSURANCE COMPANY LIMITEDORDINARY53,000,000
78.4%
53,000,000
78.4%
53,000,000
78.4%
53,000,000
78.4%
THE PRUDENTIAL ASSURANCE COMPANY LIMITEDPREFERENCE SHARES14,620,000
21.6%
14,620,000
21.6%
14,620,000
21.6%
14,620,000
21.6%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

PRUDENTIAL LIFETIME MORTGAGES LIMITED

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 64929 Other credit granting not elsewhere classified)

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LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
PRUDENTIAL LIFETIME MORTGAGES LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector 0.8% 2.3% 6.6% Medium
Age 0.4% 1.4% 2.7% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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