TP ICAP MARKETS LIMITED

1. TP ICAP MARKETS LIMITED 2021-04-30 → present
2. ICAP SECURITIES LIMITED 2004-05-21 → 2021-04-30
3. GARBAN SECURITIES LIMITED 1999-11-05 → 2004-05-21
4. GARBAN - INTERCAPITAL SECURITIES LIMITED 1999-11-01 → 1999-11-05
5. GARBAN SECURITIES LIMITED 1998-10-01 → 1999-11-01
6. GARBAN EUROPE LIMITED 1991-06-01 → 1998-10-01
7. GUY BUTLER (EUROPE) LIMITED 1981-01-16 → 1991-06-01
8. LONDON WALL PARTICIPATIONS LIMITED 1968-03-27 → 1981-01-16
9. TIDEWAY PACKING COMPANY LIMITED 1951-10-27 → 1968-03-27

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future being at least the twelve months from the date of approval of the financial statements. Thus, they adopt the going concern basis in preparing the financial statements.”

Group structure

1. TP ICAP MARKETS LIMITED · parent
   1. ICAP Holdings (UK) Limited 100% · England & Wales

Significant events

• “Recent instability in the Middle East has resulted in uncertainty which has led to fluctuations in financial markets.”
• “Russia's ongoing invasion of Ukraine together with the recently announced international trade tariffs has caused a significant amount of volatility and uncertainty in global markets. Since 2022, all trading activities with Russian sanctioned clients were ceased.”
• “On 24th March 2025 the immediate parent of the Company applied for and later allotted one additional £1 ordinary share in the share capital of the Company for an aggregate subscription price of £50,000,000. The capital injection was executed on 26th March 2025.”
• “As part of the Group's strategy to consolidate certain trading and broking activities in EMEA, operational activities from fellow subsidiaries of the Group will be transferred to the Company.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

12

last 12 months

Capital events

2

last 24 months

Officers appointed

3

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +9.9%

  £66,097,000 → £72,625,000

• Cash

  +229.4%

  £21,673,000 → £71,395,000

• Net assets

  +3.3%

  £420,643,000 → £434,558,000

• Employees

  -10.2%

  49 → 44

• Operating profit

  +40.4%

  £13,476,000 → £18,914,000

• Profit before tax

  +112.2%

  £11,745,000 → £24,923,000

• Wages

  +18.5%

  £20,694,000 → £24,530,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers