NOVATE GLOBAL MARKETS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-02 (in 11mo)
Last made up 2026-03-19
Watchouts
Cash
£6M
-74.6% vs 2024
Net assets
£7M
-9.8% vs 2024
Employees
59
-30.6% vs 2024
Profit before tax
-£798K
+95.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 3 times since incorporation — the current trading name was adopted 2024-09-09
- NOVATE GLOBAL MARKETS LIMITED 2024-09-09 → present
- MITSUBISHI UFJ TRUST INTERNATIONAL LIMITED 2005-09-22 → 2024-09-09
- MITSUBISHI TRUST INTERNATIONAL LIMITED 1985-12-18 → 2005-09-22
- DIKAPPA (NUMBER 359) LIMITED 1985-07-26 → 1985-12-18
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2024-09-08 | 2024-12-31 |
|---|---|---|---|
| Turnover | £9,142,117 | £2,317,339 | |
| Operating profit | -£18,168,082 | -£904,821 | |
| Profit before tax | -£17,945,482 | -£797,856 | |
| Net profit | -£18,052,211 | -£784,796 | |
| Cash | £22,334,511 | £5,678,936 | |
| Total assets less current liabilities | £7,983,877 | £7,199,081 | |
| Net assets | £7,983,877 | £7,199,081 | |
| Equity | £7,983,877 | £7,199,081 | |
| Average employees | 85 | 59 | |
| Wages | £18,811,134 | £1,629,480 |
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 | 2024-09-08 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -198.7% | -39.0% | |
| Net margin | -197.5% | -33.9% | |
| Return on capital employed | -227.6% | -12.6% | |
| Current ratio | 1.29x | 6.84x | |
| Interest cover | -274.95x | -197.34x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors also believe that the Company has sufficient means and procedures in place, to ensure it is well positioned to manage its business risks for the foreseeable future. There are not considered to be any significant financial risks faced by the Company. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “During the period, the Company changed its name from Mitsubishi UFJ Trust International Limited to Novate Global Markets Limited, on 9 September 2024.”
- “Following the name change and completion of a management buyout ("MBO") on 9 September 2024, Mitsubishi UFJ Trust and Banking Corporation ("MUTB"), part of the Mitsubishi UFJ Financial Group ("MUFG"), retains 24% of the issued share capital in Novate with 76% owned by senior management and employees.”
- “In the current period, the Company experienced a loss of £0.8m, partially driven by post completion MBO-related costs, along with the continuing challenging market conditions.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 80 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COLE, Andrew John | Director | 2021-07-01 | Apr 1963 | British |
| TAKASAKA, Shinichi | Director | 2024-04-01 | Mar 1972 | Japanese |
| WINTERS, Ray Paul | Director | 2001-02-01 | Oct 1961 | British |
Show 80 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABEDI, Ali Aijaz | Secretary | 2002-06-28 | 2004-11-18 |
| BARRETT, Anthony Charles | Secretary | 2001-09-07 | 2002-06-27 |
| BROOKS, Barry George | Secretary | 2023-11-01 | 2024-08-19 |
| KAKIZAKI, Shinji | Secretary | 1993-05-25 | 1996-05-25 |
| MCFARLANE, Susan Joyce | Secretary | 2017-08-24 | 2023-10-31 |
| MINAGAWA, Hiroshi | Secretary | 2001-03-23 | 2001-09-07 |
| SHIGMASA, Yasuyuki | Secretary | 1996-05-25 | 2001-03-23 |
| THOMAS, Ffion Bernice | Secretary | 2005-07-18 | 2017-08-24 |
| WREN, Nicholas Keith | Secretary | 2004-11-18 | 2005-07-18 |
| WRIGHT, Thomas Matthew Douglas | Secretary | 2024-08-19 | 2026-01-29 |
| YAGI, Tatsuya | Secretary | — | 1993-05-25 |
| ABE, Toshihiro | Director | 2020-08-14 | 2022-04-01 |
| ANDO, Yushi | Director | 2015-01-09 | 2018-02-02 |
| AONO, Hideo | Director | 2005-07-26 | 2008-04-02 |
| CHIBA, Genichiro | Director | 2004-03-29 | 2005-11-01 |
| DJANOGLY, Harry Arieh Simon, Sir | Director | 2005-01-12 | 2008-10-31 |
| GOTO, Toshio | Director | 2004-03-29 | 2007-06-27 |
| HARA, Yasuhiro | Director | 2008-04-15 | 2009-03-10 |
| HAWKINS, Chris | Director | 2024-09-09 | 2026-03-31 |
| HAZELL, Clifford Edward | Director | 2008-08-18 | 2021-06-30 |
| HIRATSUKA, Michio | Director | — | 1994-06-29 |
| ICHIHARA, Hirozumi | Director | — | 1994-06-29 |
| IHARA, Kenichi | Director | 2003-07-14 | 2007-06-04 |
| IHARA, Takafumi | Director | 2022-04-01 | 2024-09-09 |
| IHARA, Takafumi | Director | 2018-05-21 | 2020-04-01 |
| IHORI, Eiji | Director | 2014-07-31 | 2018-06-29 |
| ISHIMARU, Katsuhisa | Director | 1993-05-25 | 1995-07-25 |
| ITO, Hisashi | Director | 2010-07-02 | 2012-05-22 |
| KAIHOTSU, Koji | Director | 2004-03-29 | 2010-06-28 |
| KAKEGAWA, Hiroshi | Director | 1999-06-29 | 2002-06-26 |
| KANAMORI, Hisashi | Director | 2019-05-30 | 2022-04-01 |
| KANAMORI, Hisashi | Director | 2015-09-03 | 2018-04-05 |
| KANNO, Yuta | Director | 2015-10-06 | 2020-04-01 |
| KAWAHARA, Fumikazu | Director | 2019-07-19 | 2021-04-01 |
| KIDO, Kazuaki | Director | 2000-11-01 | 2005-04-01 |
| KIKUCHI, Eisuke | Director | 2020-06-22 | 2024-09-09 |
| KOBAYASHI, Mikio | Director | 2003-03-19 | 2004-03-29 |
| KOHNO, Tadashi | Director | — | 1994-06-29 |
| KOYAMA, Toshio | Director | 2001-06-27 | 2002-06-26 |
| MACHIDA, Hideo | Director | 1995-07-25 | 1999-01-28 |
| MATSUDA, Toru | Director | 2007-06-25 | 2016-06-28 |
| MATSUZAKI, Shinya | Director | 2013-06-03 | 2015-10-06 |
| MINAGAWA, Hiroshi | Director | 2001-02-01 | 2005-07-26 |
| MURAYAMA, Susumu | Director | — | 1994-06-29 |
| NAGASHIMA, Iwao | Director | 2016-07-19 | 2019-04-01 |
| NAKAZAWA, Hiroshi | Director | 2022-09-29 | 2024-04-01 |
| OHASHI, Yuji | Director | 2000-04-03 | 2004-03-29 |
| OHASHI, Yuji | Director | 1996-02-01 | 1999-06-29 |
| OHASHI, Yuji | Director | — | 1994-01-25 |
| OHTA, Hiroshi | Director | 2009-10-02 | 2011-11-08 |
| OIKAWA, Makoto | Director | 1994-06-29 | 1997-06-27 |
| OKAMOTO, Junichi | Director | 2013-07-24 | 2014-06-26 |
| OKAUCHI, Kinya | Director | 2007-07-13 | 2008-06-26 |
| OKAUCHI, Kinya | Director | 2002-06-26 | 2004-03-29 |
| OKAUCHI, Kinya | Director | 1999-06-29 | 2000-09-29 |
| OKUMURA, Morio | Director | 1992-10-01 | 1996-02-01 |
| OMORI, Jiro | Director | 2018-06-29 | 2024-09-09 |
| SARUTA, Masahiro | Director | 2012-04-18 | 2014-09-02 |
| SHIGMASA, Yasuyuki | Director | 1999-06-29 | 2001-03-23 |
| SHINTO, Hitoshi | Director | 2005-05-19 | 2007-06-04 |
| SHIOZAWA, Taro | Director | 1996-09-25 | 1999-06-29 |
| SUGIYAMA, Yuichi | Director | 2021-04-01 | 2022-10-03 |
| SUZUKI, Sota | Director | 2009-09-01 | 2011-05-24 |
| SUZUKI, Takahiko | Director | 1994-06-29 | 1998-06-26 |
| TAKEDA, Keiichiro | Director | 2007-06-25 | 2009-06-25 |
| UEHARA, Haruya | Director | 1998-06-26 | 1999-06-29 |
| UMABAYASHI, Shuji | Director | 2011-06-06 | 2013-05-15 |
| WACHI, Kaoru | Director | 2011-06-28 | 2013-06-26 |
| WAKABAYASHI, Tatsuo | Director | 2010-07-09 | 2011-06-28 |
| WAKABAYASHI, Tatsuo | Director | 1999-01-28 | 2003-05-27 |
| WATANABE, Akihito | Director | 2018-04-16 | 2019-04-01 |
| YAGASAKI, Ryujiro | Director | 2002-06-26 | 2004-03-29 |
| YAGASAKI, Ryujiro | Director | 1994-01-25 | 1996-09-25 |
| YAGI, Tatsuya | Director | 1992-06-05 | 1993-05-25 |
| YAMADA, Kuniyasu | Director | 1997-06-27 | 2000-04-03 |
| YAMAGUCHI, Kanzo | Director | — | 1992-06-05 |
| YAMAGUCHI, Noriyoshi | Director | 1994-06-29 | 2001-06-27 |
| YAMAGUCHI, Noriyoshi | Director | — | 1992-10-01 |
| YASUDA, Takayuki | Director | 2011-12-07 | 2015-06-08 |
| YUKI, Taihei | Director | 2008-08-18 | 2010-06-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Ray Paul Winters | Individual | Shares 25–50%, Voting 25–50% | 2024-09-09 | Active |
| Mitsubishi Ufj Trust And Banking Corporation | Corporate entity | Shares 75–100% | 2017-04-08 | Ceased 2024-09-09 |
Filing timeline
Last 20 of 316 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-23 MA Memorandum articles
- 2025-01-23 CC04 Statement of companys objects
- 2025-01-23 RESOLUTIONS Resolution
- 2024-09-09 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-04-02 | AA | accounts | Accounts with accounts type full | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-25 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-03-25 | AA | accounts | Accounts with accounts type full | |
| 2025-01-23 | MA | incorporation | Memorandum articles | |
| 2025-01-23 | CC04 | change-of-constitution | Statement of companys objects | |
| 2025-01-23 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-09 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-09 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-09-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-09 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-09-05 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-09-05 | SH20 | capital | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 2
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 → FY2024 · period ending 2024-12-31 vs 2024-09-08
-
Turnover
-74.7%
£9,142,117 £2,317,339
-
Cash
-74.6%
£22,334,511 £5,678,936
-
Net assets
-9.8%
£7,983,877 £7,199,081
-
Employees
-30.6%
85 59
-
Operating profit
+95%
-£18,168,082 -£904,821
-
Profit before tax
+95.6%
-£17,945,482 -£797,856
-
Wages
-91.3%
£18,811,134 £1,629,480
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