Asset Finance UK Limited

Reference number: 722496

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Authorisation being cancelled, but in an insolvency process

This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.

What the FCA says

ATTENTION - Firm in an insolvency process

This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When assetfinance.co.uk first appeared online, and whether it can receive email
  • What kind of line 0113 281 8852 is
  • Who else gives the postcode LS16 6AJ
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Past FCA permissions and consumer protection

  • In an insolvency process
    Money the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (4 permissions)
  • Credit Broking
  • Debt Adjusting
  • Debt-counselling
  • Exercising/having right to exercise lender's rights and duties under a regulated credit agreement (excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Concerns on the company record

  • Companies House records this company in liquidation.
  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
  • This company has insolvency history on record.
Company number
05168578
Company status
Liquidation
Company type
Private limited company
Incorporated
1 July 2004 (22 years old)
Registered office
Frp Advisory Trading Limited 2nd Floor, Minerva House, 29 East Parade, Leeds, LS1 5PS
Nature of business
  • Sale of new cars and light motor vehicles (SIC 45111)
  • Financial intermediation not elsewhere classified (SIC 64999)
  • Renting and leasing of cars and light motor vehicles (SIC 77110)

Directors and company secretaries

Name Role Born Appointed Other companies
Nigel Roderick Mckenzie Director Jul 1968 1 Jul 2004 12 other companies

Other companies run by its director

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
12
closed down
7
is FCA-registered
1

In the full report: all 12 companies, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • Any that went into liquidation or administration
  • The one on the FCA register
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Filed accounts and finances

Year to 31 March 2023Full accountsAudited

Net assets

£47.5k

−81% from £256k

Cash at bank

£2,459

−33% from £3,656

Employees (average)

2

+100% from 1

Its next accounts are overdue at Companies House.

Assets and liabilities

In the full report: all 4 years of accounts

  • Every year from 2020 to 2023
  • The chart, over every year
  • Every filed figure, year by year
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About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

Accounts filed at Companies House for company 05168578. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Asset Finance UK’s history from the FCA register and Companies House, newest first.

Key events (8) All events (11)

2021

30 March 2021

  • Asset Finance UK Holdings Limited took control (75–100% of shares)
  • Nigel Roderick McKenzie gave up control

Companies House

2016

3 November 2016

  • Oracle Pension Services Limited gave up control

Companies House

6 April 2016

  • Nigel Roderick McKenzie took control (75–100% of votes)
  • Oracle Pension Services Limited took control (75–100% of shares)

Companies House

4 April 2016

  • Regulated by the FCA from this date
  • Applied to cancel its FCA authorisation

FCA register

2004

1 July 2004

  • Incorporated at Companies House

Companies House

In the full report: all 11 events

  • All 11 events in its history (8 shown here)
  • Every director appointment and resignation: 1
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Firms connected to Asset Finance UK

Other FCA-listed firms that share a director, phone number or address with Asset Finance UK. A link shows who the firm is tied to, not whether either can be trusted.

past link
1

In the full report: all 0 connected firms, named

  • 1 past link through former directors
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Firms like Asset Finance UK

Other firms of the same type (car dealer), nearest first.

In Leeds

A. S Cars Leeds LimitedLeedsAuthorisedA.b.i. Garage Doors LimitedLeedsAuthorisedAce American Autos LtdLeedsAuthorisedAffordable Premium Cars LtdLeedsAuthorisedAlwoodley Motors LimitedLeedsAuthorisedAndrew Brown Cars T/a Andrew Brown Caravans LtdLeedsAuthorised

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Asset Finance UK

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 12 other companies its directors have run, named
  • 3 background checks on its contact details
  • 4 years of accounts, charted
  • All 11 events in its history

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Frequently asked questions about this firm

Is Asset Finance UK Limited FCA authorised?
Asset Finance UK Limited (FRN 722496) is on the FCA register, but its authorisation is changing (authorisation being cancelled). Check the register before dealing with it.
What is Asset Finance UK’s phone number and website?
The FCA register lists the phone number 0113 281 8852 and the website assetfinance.co.uk for Asset Finance UK. If you were given different contact details, use these to check with the firm before going any further.
Is Asset Finance UK a scam or clone?
Asset Finance UK is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Asset Finance UK?
Asset Finance UK is under the control of insolvency practitioners, so money it held is returned through the appointed office holders rather than by the firm. That takes time and can fall short. Where money is missing, the FSCS covers eligible claims up to its limits, and the Financial Ombudsman Service can still consider a complaint.
Who owns Asset Finance UK?
Asset Finance UK is owned by Asset Finance UK Holdings Limited, which holds 75–100% of shares, since 30 March 2021. Before that, it was controlled by Mr Nigel Roderick McKenzie and Oracle Pension Services Limited.
Who runs Asset Finance UK?
Companies House lists one director of Asset Finance UK: Nigel Roderick McKenzie.
How long has Asset Finance UK been in business?
The company was formed on 1 July 2004. Companies House now lists it as liquidation.
What do Asset Finance UK’s latest accounts show?
Its latest accounts, to 31 March 2023, show net assets of £47.5k (−81% from £256k) and cash at bank of £2,459 (−33% from £3,656). Its accounts are overdue at Companies House.

Sources and links

The full report on Asset Finance UK Limited

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