IWOCA TETRA LIMITED
Company number 15794782 · Monitor this company
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Shareholders' funds
£1,000
Balance sheet as at 2024-12-31
What it does
The Company was established as a special purpose vehicle (“SPV”) to act as a provider of finance to its parent company, iwoca Limited (together with its subsidiaries, the “Group” or “iwoca”), through the structured acquisition and sale of unsecured business loan portfolios to SMEs (the “Loans”) from iwoca Limited (the “Originator” and the “Seller”). On 16 October 2024, the Company acquired an initial portfolio of Loans from the Seller and has continued to acquire further Loans both throughout the period and after the period end. The Company is funded through facilities from third parties (the “Senior Loan Note” and “Mezzanine Loan Note”) and through a subordinated loan from the Originator (the “Subordinated Loan”) (together the “Loan Notes”). The Loan Notes have a two year availability period which expires on 3 October 2026. The Senior Loan Note has a maximum facility limit of £160,000,000 and has a maturity date of 3 April 2032. The Mezzanine Loan Note has a maximum facility limit of
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2024-06-22
- Employees
- 0 (2024 accounts)
- Registered office
- Central Court 25 Southampton Buildings, C/O Circumference Fs (Uk) Limited, London, United Kingdom, WC2A 1AL
- Postcode
- WC2A 1AL
- Accounts category
- Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-06-21
- Next due by
- 2027-07-05
Nature of business (SIC)
- 64999 Financial intermediation not elsewhere classified
Officers 2 current
Group structure
Controlled by CIRCUMFERENCE FS (UK) LIMITED — since 2024-06-22
From persons-with-significant-control filings on the public register.
Competitors London
This company ranks 258 among financial intermediation not elsewhere classified in London.
This company's registered activities are in financial services. If it carries on regulated business, it should appear on the FCA's Financial Services Register — the official record of authorised firms.