BROKERTEC EUROPE LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-10-20 (in 5mo)
Last made up 2025-10-06
Watchouts
None on the register
Cash
£32M
-10.4% vs 2024
Net assets
£32M
-8.2% vs 2024
Employees
15
+7.1% vs 2024
Profit before tax
£14M
-8.5% vs 2024
Name history
Renamed 4 times since incorporation
- BROKERTEC EUROPE LIMITED 2013-09-13 → present
- ICAP SHIPPING TANKER DERIVATIVES LIMITED 2008-07-31 → 2013-09-13
- ICAP HYDE TANKER DERIVATIVES LIMITED 2008-01-23 → 2008-07-31
- T & M SECURITIES LIMITED 2001-12-24 → 2008-01-23
- INTERCAPITAL EQUITY DERIVATIVES LIMITED 1991-09-13 → 2001-12-24
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 | £57,304,000 | £62,285,000 | |
| Operating profit | £13,726,000 | £12,958,000 | |
| Profit before tax | £15,651,000 | £14,318,000 | |
| Net profit | £11,693,000 | £10,636,000 | |
| Cash | £36,192,000 | £32,433,000 | |
| Total assets less current liabilities | £34,930,000 | £32,083,000 | |
| Net assets | £34,930,000 | £32,083,000 | |
| Equity | £34,930,000 | £32,083,000 | |
| Average employees | 14 | 15 | |
| Wages | £3,150,000 | £3,918,000 |
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 | 24.0% | 20.8% | |
| Net margin | 20.4% | 17.1% | |
| Return on capital employed | 39.3% | 40.4% | |
| Gearing (liabilities / total assets) | 20.0% | 21.6% | |
| Current ratio | 8.97x | 7.81x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the liquidity requirements, capital requirements, plans and financing arrangements, the directors are satisfied that the Company has adequate resources to continue to operate for the foreseeable future and confirm that the Company is a going concern.”
Significant events
- “The Company sold and transferred the BrokerTec Quote business to CME Amsterdam B.V., on 2 September 2024.”
- “On 1 April 2024 all clients were transferred to TriOptima AB for $1,000 and the service from the Company was ceased.”
- “On 30 September 2024, this was followed by acquisition of the On-SEF NDF from NEX SEF Limited for $549k.”
- “Approval of the resignation of John Edwards as a director of the Company with effect from 31 December 2025.”
- “Proposal and approval of a cash dividend of £14,000,000 to be paid by the Company to its immediate parent, NEX Markets Limited on 23 September 2025.”
- “Creation of a representative office in the Dubai International Financial Centre on 2 July 2025.”
- “Deregistration of BrokerTec Europe Limited - Australian Branch on the 12th November 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 46 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GIFFEN, Sarah | Secretary | 2023-02-13 | — | — |
| MUDDIMAN, David James | Secretary | 2023-02-13 | — | — |
| HOUSTON, Paul | Director | 2024-01-30 | Jan 1972 | British |
| MARSTON, Serge Robitaille | Director | 2021-12-29 | Apr 1969 | British |
| SEAMAN, Adrienne Hilary | Director | 2019-12-09 | Sep 1970 | British |
| STANLEY, Eleanor Louise | Director | 2026-01-01 | Dec 1980 | British |
Show 46 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABREHART, Deborah Anne | Secretary | 2013-12-11 | 2019-12-09 |
| ABREHART, Deborah Anne | Secretary | 2006-06-02 | 2007-11-27 |
| BROOMFIELD, Helen Frances | Secretary | 2000-12-04 | 2004-01-05 |
| BURWOOD, Krista Mary | Secretary | 1999-03-01 | 1999-12-22 |
| CAVANAGH, Teri-Anne | Secretary | 2007-11-28 | 2017-03-15 |
| CHALMERS, Jenelle Marie | Secretary | 2021-07-01 | 2023-02-13 |
| DICKINSON, Kathryn | Secretary | 2004-01-05 | 2006-06-02 |
| EGGLETON, Jeanette | Secretary | 1999-12-22 | 2000-09-29 |
| MANSELL, Simon Henry John | Secretary | — | 1999-03-01 |
| PANK, Edward Charles, Dr | Secretary | 2000-09-29 | 2000-12-04 |
| RIDLEY, Veronica Holly | Secretary | 2019-12-09 | 2021-07-01 |
| WRIGHT, Margaret Austin | Secretary | 2021-07-01 | 2023-02-13 |
| CAPLEN, Stephen Gerard | Director | 2013-09-05 | 2015-01-28 |
| CARTLEDGE, Timothy Michael | Director | 2018-06-06 | 2019-11-07 |
| CASTERTON, David Anthony | Director | 2010-06-04 | 2013-09-05 |
| CHICKEN, Ian Brett, Mr. | Director | 2013-09-05 | 2018-06-05 |
| COHEN, Jason Todd | Director | 2015-08-11 | 2019-12-08 |
| CRUWYS, Vanessa Elaine | Director | 2000-08-01 | 2007-11-28 |
| DARGAN, Nicholas James | Director | 2013-06-01 | 2013-09-05 |
| EDWARDS, John Alexander | Director | 2013-09-05 | 2025-12-31 |
| EVERAERT, Michel | Director | 2022-12-01 | 2024-04-03 |
| GALLIGAN, Paul | Director | 1997-03-04 | 2001-08-17 |
| GORDON CLARK, Edmund Francis | Director | 2007-11-28 | 2009-11-04 |
| HARRAWAY, Charles | Director | 1993-03-05 | 1995-11-28 |
| HARRISON, Simon Nicholas Ian | Director | 2007-11-28 | 2010-06-04 |
| HOOKER, Darryl Guy | Director | 2015-09-10 | 2018-05-01 |
| JOHNSON, Seth | Director | 2016-12-21 | 2019-11-07 |
| JOHNSON, Seth | Director | 2013-10-02 | 2015-01-05 |
| KELLY, Kieran Denis | Director | — | 1996-10-31 |
| KIDD, Timothy Charles | Director | 2010-06-04 | 2012-05-31 |
| KNOTTENBELT, William Frederick | Director | 2020-02-28 | 2022-12-31 |
| LIDDELL, Henry Grainger | Director | 2010-06-04 | 2013-09-05 |
| MACDONALD, George | Director | 2001-08-01 | 2007-11-28 |
| MANDELZIS, Gil | Director | 2015-08-25 | 2016-10-18 |
| MAYHEW, Lucy Rachel | Director | 2010-06-04 | 2013-09-05 |
| MCMENEMY, Paul Christopher | Director | 2001-08-01 | 2006-03-31 |
| NEWMAN, Paul | Director | 2007-11-27 | 2010-06-04 |
| O'TOOLE, Peter John | Director | 2006-07-26 | 2007-11-28 |
| PETTIGREW, James Neilson, Mr. | Director | 1999-10-14 | 2006-06-02 |
| ROBLIN, Gareth David | Director | 1999-11-15 | 2000-08-11 |
| ROWCLIFFE, Guy Warren Simpson | Director | 2020-03-11 | 2021-09-01 |
| SMITH, Gary | Director | 2001-08-01 | 2007-11-28 |
| SPENCER, Michael Alan, Lord Spencer Of Alresford | Director | — | 2001-08-01 |
| WALSH, Peter Gerard | Director | 1994-03-08 | 2001-12-31 |
| WARD, Jeffrey William | Director | 2015-08-11 | 2023-09-29 |
| WREN, Samantha Anne | Director | 2012-05-31 | 2013-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nex Markets Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 237 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-14 MA Memorandum articles
- 2025-03-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-13 | AA | accounts | Accounts with accounts type full | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | CH01 | officers | Change person director company with change date | |
| 2025-04-07 | AA | accounts | Accounts with accounts type full | |
| 2025-03-14 | MA | incorporation | Memorandum articles | |
| 2025-03-14 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-11 | AA | accounts | Accounts with accounts type full | |
| 2024-04-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-31 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-04 | AA | accounts | Accounts with accounts type full | |
| 2023-02-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-02-20 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-02-20 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-02-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-01-09 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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
+8.7%
£57,304,000 £62,285,000
-
Cash
-10.4%
£36,192,000 £32,433,000
-
Net assets
-8.2%
£34,930,000 £32,083,000
-
Employees
+7.1%
14 15
-
Operating profit
-5.6%
£13,726,000 £12,958,000
-
Profit before tax
-8.5%
£15,651,000 £14,318,000
-
Wages
+24.4%
£3,150,000 £3,918,000
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