ITI CAPITAL LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors consider that the Company is currently a going concern and the financial statements have therefore been prepared on that basis. On balance, the Directors do not consider that there is any cause for material uncertainty as to the Company's ability to continue as a going concern. The Company has adequate financial resources to continue in operational existence for the foreseeable future notwithstanding the circumstances.”

Significant events

• “In June 2022, the Firm entered into voluntary requirements (VREQ) relating to the closure of its retail customer services. The wind down continued through 2022-2024 and circa 98% of exitable retail clients were divested. The Firm has continued to make progress in exiting the retail market and de-risking its retail book. The Firm is currently working on a solution to transfer the residual retail portfolio to another financial institution.”
• “During 2024, based on 2023 results, the Company made a reduction of share premium account by £3,200,000 and that amount was subsequently distributed to the shareholding company.”
• “There is a dispute between the Company and one of its custodians, Lek Securities, regarding amounts owed by the Company under various invoices issued by Lek Securities in 2020-2023. The directors consider that it is very likely that a settlement with respect to the amounts that are validly owed will be reached between the parties in 2024 and the Company has made a relevant provision for it.”
• “On 29 July 2021, a case was started by Giaquinto et al with ITI Capital being the defendant. The claim is in relation to the sale of derivatives which failed. The company has been successful in striking out all of the corporate claimants' claims, which reduced the amount of the claim. The reasonable expectation of the potential loss for the firm has been included in provisions.”

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

Filings

11

last 12 months

Capital events

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -27.7%

  £10,424,414 → £7,538,933

• Cash

  -48.4%

  £28,022,489 → £14,465,552

• Net assets

  -18.4%

  £15,010,428 → £12,241,953

• Employees

  +13.6%

  22 → 25

• Operating profit

  -90.3%

  £4,729,353 → £460,975

• Profit before tax

  -90.7%

  £4,662,577 → £431,525

• Wages

  +35.8%

  £2,127,591 → £2,889,371

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