TP ICAP E&C LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-02-20 (in 9mo)
Last made up 2026-02-06
Watchouts
None on the register
Cash
£51M
+3.5% vs 2024
Net assets
£137M
-17.6% vs 2024
Employees
243
-3.6% vs 2024
Profit before tax
£38M
-32.2% vs 2024
Name history
Renamed 13 times since incorporation
- TP ICAP E&C LIMITED 2023-04-28 → present
- TULLETT PREBON (EUROPE) LIMITED 2007-10-01 → 2023-04-28
- TULLETT PREBON (TREASURY & DERIVATIVES) LIMITED 2005-09-01 → 2007-10-01
- TULLETT LIBERTY (TREASURY AND DERIVATIVES) LIMITED 2002-11-19 → 2005-09-01
- TULLETT & TOKYO LIBERTY (LONDON) LIMITED 2000-04-10 → 2002-11-19
- TULLETT & TOKYO LONDON LIMITED 1999-01-06 → 2000-04-10
- TULLETT & TOKYO FOREX LIMITED 1993-12-24 → 1999-01-06
- TULLETT & TOKYO (MONEY MARKETS) CO. LIMITED 1983-08-31 → 1993-12-24
- TULLETT & RILEY (MONEY MARKETS) CO. LIMITED 1980-10-06 → 1983-08-31
- NOLTON MONEY BROKERS LIMITED 1977-07-22 → 1980-10-06
- ANTHONY MACK LIMITED 1972-10-26 → 1977-07-22
- TIME DEPOSITS LIMITED 1971-03-22 → 1972-10-26
- BRYANT & CO. (MONEY BROKERS) LIMITED 1970-03-19 → 1971-03-22
- TIM BYRANT & CO. (MONEY BROKERS) LIMITED 1969-11-19 → 1970-03-19
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £207,847,000 | £193,627,000 | |
| Operating profit | £25,218,000 | £19,911,000 | |
| Profit before tax | £55,810,000 | £37,812,000 | |
| Net profit | £46,916,000 | £30,261,000 | |
| Cash | £49,328,000 | £51,044,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £165,761,000 | £136,661,000 | |
| Equity | £165,761,000 | £136,661,000 | |
| Average employees | 252 | 243 | |
| Wages | £104,716,000 | £97,502,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 12.1% | 10.3% | |
| Net margin | 22.6% | 15.6% | |
| Gearing (liabilities / total assets) | 9.5% | 7.2% | |
| Current ratio | 10.20x | 13.33x | |
| Interest cover | — | 130.14x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company will be able to meet its obligations and liabilities as they fall due for at least 12 months from the approval of the financial statements and for the foreseeable future. Thus, they adopt the going concern basis in preparing the financial statements.”
Group structure
- TP ICAP E&C LIMITED · parent
- PVM Oil Associates Ltd 100%
- Tullett Prebon SITICO (China) Ltd 33%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 91 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KAVENEY, Karen | Secretary | 2025-12-12 | — | — |
| YOUNG, Ceri Joanne Charles | Secretary | 2023-05-03 | — | — |
| EMANUELSSON, Per Joachim | Director | 2024-11-28 | Feb 1971 | Swedish |
| FERGUSON, William | Director | 2025-09-12 | Aug 1967 | British |
| MCGAHAN, Peter Charles | Director | 2025-03-01 | Jan 1967 | British |
| MEAGER, Joanna Mary | Director | 2023-11-01 | Jan 1967 | British |
| REDMAN, Paul Anthony | Director | 2021-12-01 | Apr 1974 | British |
| ROZES, Christian Sebastien | Director | 2022-07-01 | Jul 1967 | French |
| SPARKE, Stephen Howard | Director | 2021-10-22 | May 1958 | British |
Show 91 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRILL, Tiffany Fern | Secretary | 2016-10-31 | 2017-07-21 |
| BURT, Christopher Aubrey Nolan | Secretary | 2002-06-05 | 2003-04-01 |
| BURT, Christopher Aubrey Nolan | Secretary | 1993-12-01 | 1994-04-11 |
| CHALLEN, Nicola | Secretary | 2009-05-15 | 2012-11-15 |
| DE FREITAS, Maria Teresa | Secretary | 2005-06-24 | 2007-01-24 |
| DEARLOVE, Juliet Mary | Secretary | 2004-12-14 | 2005-06-24 |
| DYER BARTLETT, Diana | Secretary | 2013-03-28 | 2014-06-26 |
| DYER BARTLETT, Diana | Secretary | 2003-04-01 | 2004-12-14 |
| HART, Victoria Louise | Secretary | 2024-09-23 | 2026-03-18 |
| HOSKINS, Justin Wilbert | Secretary | 2012-07-30 | 2013-03-28 |
| MAPPLEBECK, Philip Hugh | Secretary | — | 1993-12-01 |
| MILLER, Christopher Bernard | Secretary | 1994-04-11 | 2002-06-05 |
| PEEL, Alistair Charles | Secretary | 2007-01-24 | 2009-05-15 |
| SAYERS, Catherine | Secretary | 2022-04-01 | 2023-05-03 |
| WYSE, Christine | Secretary | 2020-12-11 | 2021-12-01 |
| YOUNG, Ceri Joanne Charles | Secretary | 2019-10-18 | 2022-04-01 |
| DAVID VENUS & COMPANY LLP | Corporate Secretary | 2014-06-26 | 2016-10-31 |
| ALLRIGHT, Anthony John | Director | — | 1996-05-31 |
| ASHLEY, Paul James | Director | 2014-10-01 | 2019-07-22 |
| BASHENKO, Alla | Director | 2022-01-01 | 2023-03-21 |
| BENNETT, Ronald Graham | Director | 1993-12-01 | 1999-08-02 |
| BINNS, Michael James | Director | 2009-10-05 | 2012-06-12 |
| BIRKHOLZ, Jorg | Director | 2011-12-23 | 2018-10-31 |
| BLEWER, Robert James | Director | 1993-12-01 | 1995-12-31 |
| BOLTON, Marcus Peregrine | Director | 2011-11-04 | 2015-11-04 |
| BOLTON, Marcus Peregrine | Director | 1996-06-25 | 2009-03-05 |
| BRETEAU, Nicolas Noel Andre | Director | 2019-12-09 | 2021-11-15 |
| BRIDEL, Claire Marie Michel | Director | 2020-04-25 | 2021-05-05 |
| BRIGHT, Steven Lee | Director | 2005-05-04 | 2006-11-15 |
| BROWN, Michael James | Director | 1993-12-01 | 2003-03-12 |
| BROWN, Nicholas | Director | 1993-09-23 | 2012-06-13 |
| CHAPMAN, Geoffrey Ian Aitken | Director | 2001-05-09 | 2002-04-29 |
| CLARK, Simon Mark | Director | 2008-04-01 | 2014-10-10 |
| COLLINS, Bruce Paul | Director | 1999-11-01 | 2004-04-15 |
| CORKER, Stephen Roger | Director | 2001-05-15 | 2008-01-11 |
| CRAMP, Philip James | Director | 1996-06-01 | 1999-02-19 |
| CUNNINGHAM, Patrick Joseph | Director | 1993-12-01 | 1996-05-20 |
| DALEY, Steven William | Director | 1993-12-01 | 1995-09-30 |
| DENNAHY, Barry | Director | 2002-11-01 | 2012-07-30 |
| DENNAHY, Barry | Director | 1997-01-01 | 1999-08-02 |
| DGANOGLY, Michael Anthony | Director | — | 1995-05-12 |
| DRANGANOUDIS, George | Director | 2023-03-31 | 2024-05-17 |
| DUCKWORTH, Stephen Charles | Director | 2016-03-16 | 2018-11-13 |
| DUCKWORTH, Stephen Charles | Director | 2003-01-30 | 2012-02-29 |
| DUNKLEY, Paul Simon | Director | 2009-03-11 | 2019-12-06 |
| EELLS, David | Director | 1997-01-22 | 1999-02-28 |
| FIELDS, Daniel Raymond | Director | 2022-07-01 | 2023-06-09 |
| FITCH, Judy Susan | Director | 1992-07-02 | 1995-09-30 |
| FORSYTH, Matthew Abbotts | Director | 2022-07-01 | 2023-03-31 |
| FRANKLIN, Gary | Director | 1996-06-01 | 1999-08-02 |
| GIBSON, William Robert | Director | 1993-05-17 | 2003-03-12 |
| GOGGIN, Michael John | Director | 1993-12-01 | 1998-03-31 |
| GOLDSMITH, Ian | Director | 1993-12-01 | 2002-05-03 |
| GOLDSMITH, John Michael | Director | 1993-12-02 | 1998-11-30 |
| GOODCHILD, David Michael Daniele | Director | 2016-10-27 | 2019-09-09 |
| GRANAT, Ian James | Director | 2005-05-04 | 2006-11-15 |
| HADLEY, Andrew Charles | Director | 2008-04-01 | 2016-10-31 |
| HARRIS, Gary Daniel | Director | 1997-01-22 | 2013-03-04 |
| HARRIS, Mark | Director | 2002-09-01 | 2003-03-14 |
| HECK, Colin Dennis | Director | 1996-06-25 | 1997-12-31 |
| HENNAH, Richard Keith | Director | 1996-06-01 | 2000-03-06 |
| HITCHCOCK, Terence John | Director | 2003-04-01 | 2003-12-15 |
| HOARE, Nicholas Peter | Director | 2002-11-01 | 2004-12-31 |
| HOARE, Nicholas David Douro | Director | 1993-12-01 | 1999-08-02 |
| HORKULAK, Steven | Director | 2003-12-11 | 2009-08-06 |
| HORNEGOLD, Kevin Stephen | Director | 1996-06-01 | 2001-06-01 |
| KEENE, Stephen Philip | Director | 1993-12-01 | 1994-04-15 |
| KELLY, Alan | Director | 2019-10-18 | 2021-12-01 |
| LAWRENCE, John Russell | Director | 1993-12-01 | 1999-08-17 |
| LECCACORVI, Pietro Dandrea Dullio | Director | 1993-12-01 | 2002-05-01 |
| LEWIS, Simon David | Director | 2003-08-01 | 2012-05-29 |
| LYNCH, Martin | Director | 2020-04-17 | 2020-11-20 |
| MARTIN, Giles Henry Matthew | Director | 2014-11-06 | 2019-12-06 |
| MATTHEWS, Gregory George | Director | 1996-06-01 | 2000-03-06 |
| MAYHEW, Lucy Rachel | Director | 2020-04-17 | 2020-09-01 |
| MCBRIDE, Stuart Heber | Director | — | 1999-07-08 |
| MCCLUMPHA, Donald Stuart | Director | 2020-09-01 | 2022-06-30 |
| MCDERMOTT, Kevin Fergus | Director | 2017-04-27 | 2019-12-06 |
| MCGAULEY, Conor | Director | 2003-08-01 | 2006-11-15 |
| MEDLAND, Michael John | Director | 1993-12-01 | 1995-05-19 |
| MERRIGAN, Robert Douglas | Director | 1993-12-01 | 1996-12-03 |
| MICHIENZI, Fabio | Director | 1998-03-09 | 1999-08-02 |
| MONKHOUSE, Andrew Laurence | Director | 2011-10-13 | 2014-09-30 |
| MOSS, Peter | Director | 2002-04-29 | 2005-12-31 |
| O'GRADY, Bernard | Director | 1997-01-22 | 2001-11-16 |
| O'GRADY, Bernard | Director | 1997-01-22 | 2000-03-06 |
| OSBORNE, Robert William | Director | 2009-10-05 | 2017-09-29 |
| OSBORNE, Robert William | Director | 2005-05-04 | 2006-11-15 |
| PAGE, Lee James | Director | 2005-05-04 | 2012-06-13 |
| PARKES, Russell Gary | Director | 1999-07-01 | 2015-06-30 |
| PICKETT, Terry | Director | 1993-12-01 | 1995-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tp Icap Emea Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 437 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-13 MA Memorandum articles
- 2026-01-13 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | AA | accounts | Accounts with accounts type full | |
| 2026-04-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-13 | MA | incorporation | Memorandum articles | |
| 2026-01-13 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-17 | AA | accounts | Accounts with accounts type full | |
| 2025-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-25 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-08-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-14 | AA | accounts | Accounts with accounts type full | |
| 2024-03-01 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
-6.8%
£207,847,000 £193,627,000
-
Cash
+3.5%
£49,328,000 £51,044,000
-
Net assets
-17.6%
£165,761,000 £136,661,000
-
Employees
-3.6%
252 243
-
Operating profit
-21%
£25,218,000 £19,911,000
-
Profit before tax
-32.2%
£55,810,000 £37,812,000
-
Wages
-6.9%
£104,716,000 £97,502,000
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