TRACE ISYS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. In assessing the appropriateness of the going concern basis, the Directors have taken account of all relevant information covering a period of at least twelve months from the date of approval of the financial statements. The directors consider that the company will continue to trade and has access to sufficient appropriate resources to meet its liabilities as they fall due, for at least twelve months from the date of approval of these financial statements and have thus prepared the financial statements on a going concern basis.”

Significant events

• “Up until 22 November 2023, the immediate parent company of Trace Isys Limited was Trace Group Limited, a company incorporated in Great Britain. The ultimate parent company was Tulip Holdings Limited, a company also incorporated in Great Britain. From 22 November 2023, following the repayment of the £1,001,663 loan from Richard Wolfe, there is no single controlling party of the company. Similarly, the Company no longer forms part of the Trace Group Limited group.”

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

Filings

6

last 12 months

Capital events

1

last 24 months

Officers appointed

0

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

  +1.8%

  £9,042,824 → £9,203,901

• Cash

  -26.2%

  £3,078,677 → £2,271,951

• Net assets

  +22.7%

  £2,661,933 → £3,265,367

• Employees

  -6.5%

  62 → 58

• Operating profit

  +101.6%

  £557,597 → £1,123,970

• Profit before tax

  +1,390.8%

  -£62,192 → £802,765

• Wages

  -1.6%

  £4,831,623 → £4,756,553

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