Crucible (No.1) Ltd
Private Limited Company · Belfast
ActiveUnited KingdomIncorporated 2024Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Group accounts
Net assets
£10,048,598
Cash
£5,754,802
Turnover
—
Profit / loss
—
Current assets
£127,456,164
Creditors < 1 year
£34,859,889
Equity
£10,048,598
Average employees
12
Balance-sheet trend
GBP · consolidatedTwo periods with a known, matching scope are needed for a trend.
Financial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3116 months · Group · AI-read |
|---|---|
| Balance sheet | |
| Net assets | £10,048,598 |
| Equity | £10,048,598 |
| Share capital | £1 |
| Retained earnings | £10,048,597 |
| Assets | |
| Fixed assets | £48,402 |
| Property, plant & equipment | £48,402 |
| Current assets | £127,456,164 |
| Cash at bank | £5,754,802 |
| Debtors | £121,701,362 |
| Liabilities | |
| Creditors within one year | £34,859,889 |
| Creditors after one year | £82,586,578 |
| Provisions | £9,501 |
| Net current assets | £92,596,275 |
| Assets less current liabilities | £92,644,677 |
| Profit & loss | |
| Tax | £148,128 |
| Operating costs | |
| Audit fees | £70,000 |
| People & pay | |
| Average employees | 12 |
| Staff costs | £1,070,878 |
| Wages & salaries | £873,837 |
| Social security costs | £106,136 |
| Pension costs | £90,905 |
| Directors' remuneration | £356,501 |
| Highest paid director | £221,750 |
| Source evidence | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The principal activity of the Group is the provision of debt factoring, invoice discounting, and trade finance facilities.
- What it does
- debt factoring · invoice discounting · trade finance facilities · receivables financing · asset-based lending (AI keywords)
- The year
- The directors consider that the restructuring undertaken during the period has positioned the Group appropriately to carry out its principal activities and are satisfied with the financial results of the Group for the period ended 31 December 2025.
- Auditor
- Deloitte (NI) Limited · senior statutory auditor Grace Cartin
- Audit opinion
- Clean (unmodified)
- Ultimate controlling party
- Judith Totten
- Accounts
- Full accounts · FRS 102
- Approved
- 2026-06-29, signed by Judith Totten
Subsidiaries (4)
- Crucible (No.2) Ltd · 100% · 40 Linenhall Street, Belfast, Northern Ireland, BT2 8BA · Holding company
- Upstream Trade Finance Limited · 100% · Suite B Ground Floor, 40 Linenhall Street, Belfast, Northern Ireland, BT2 8BA · Trade financing facilities
- Upstream Working Capital Ltd · 100% · Suite B Ground Floor, 40 Linenhall Street, Belfast, Northern Ireland, BT2 8BA · Debt factoring and invoice discounting facilities
- Upstream 2024 Ltd · 100% · Suite B, 40 Linenhall Street, Belfast, United Kingdom, BT2 8BA · Debt special purpose vehicle
Related parties (1)
- Key management personnel · Key management personnel · Total compensation, comprising consultancy fees and payroll costs · £143,006
Borrowings (2)
- Bank loans · £19,969 · 2.5% per annum · Repayable in 12 monthly instalments per annum of £522.29, inclusive of interest, up to April 2030. · secured on unsecured
- Senior facility loan; multi-currency term credit facility · from Pollen Street Capital Limited · £82,566,609 · The applicable margin and term reference rate; compounded reference rate for compounded rate loans · Termination date of 48 months after signing and a term out date of 12 months prior to the termination date. · secured on senior secured credit facility
Acquisitions (1)
- Upstream Working Capital Ltd and Upstream Trade Finance Limited · 100% · 2025-01-02 · £2
Shares issued in the year (3)
- 1 Ordinary · 2024-09-10
- 69 A Ordinary · 2025-12-17
- 30 B Ordinary · 2025-12-17
Directors' report (1)
- Judith Totten
Share classes (2)
- 70 A Ordinary of £0.01
- 30 B Ordinary of £0.01
Principal risks (3)
- credit risk
- liquidity risk
- market risk
Events after the year end (1)
- There have been no significant events affecting the Group since the year end.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesFixed · created 2024-12-24
—
Outstanding