FARADAY CAPITAL LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-07 (in 6mo)
Last made up 2025-10-24
Watchouts
Cash
40,485,000
-54.6% vs 2023
Net assets
342,274,000
+25% vs 2023
Employees
25
-79.2% vs 2023
Profit before tax
224,614,000
+30.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Annual Report and Financial Statements have been prepared on a basis other than going concern. Management intends to cease underwriting trading following the closure of its open participation in Syndicate 435's 2023 and prior years of account.
Name history
Renamed 4 times since incorporation
- FARADAY CAPITAL LIMITED 2001-05-04 → present
- DP MANN CAPITAL LIMITED 2000-06-14 → 2001-05-04
- D P MANN CORPORATE NAME LIMITED 1997-09-12 → 2000-06-14
- DPM CORPORATE NAME LIMITED 1994-11-16 → 1997-09-12
- HERONGREEN LIMITED 1994-10-24 → 1994-11-16
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £736,404,000 | £321,475,000 | |
| Operating profit | £171,542,000 | £224,614,000 | |
| Profit before tax | £171,542,000 | £224,614,000 | |
| Net profit | £128,857,000 | £143,517,000 | |
| Cash | £89,183,000 | £40,485,000 | |
| Total assets less current liabilities | £2,000,972,000 | £1,844,549,000 | |
| Net assets | £273,757,000 | £342,274,000 | |
| Equity | £273,757,000 | £342,274,000 | |
| Average employees | 120 | 25 | |
| Wages | £27,728,000 | — |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 23.3% | 69.9% | |
| Net margin | 17.5% | 44.6% | |
| Return on capital employed | 8.6% | 12.2% | |
| Gearing (liabilities / total assets) | 88.4% | 82.1% | |
| Current ratio | 5.68x | 2.40x | |
| Interest cover | 165.10x | 179.55x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Annual Report and Financial Statements have been prepared on a basis other than going concern. Management intends to cease underwriting trading following the closure of its open participation in Syndicate 435's 2023 and prior years of account.”
Significant events
- “The Company ceased to be a corporate member for Syndicate 435 with effect from the 2024 year of account. Management intends to cease underwriting trading when the 2023 year of account is closed by reinsurance.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RICHARDSON, Elisabeth Anne | Secretary | 1997-08-18 | — | British |
| D'ARCY, Andrew Michael | Director | 2014-09-01 | Feb 1983 | British,Irish |
| HARKER, Kevin James | Director | 2017-09-07 | Jun 1972 | British |
| MICHAEL, Stephen Andrew | Director | 2016-10-14 | Sep 1961 | British |
| SHELLEY, Thomas Edward | Director | 2019-06-07 | Dec 1971 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORBES, Christopher David | Secretary | 1994-11-15 | 1997-08-18 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Nominee Secretary | 1994-10-24 | 1994-11-15 |
| BADDELEY, Andrew Martin | Director | 2006-08-07 | 2007-11-06 |
| BARTON, Nigel Anthony | Director | 1998-01-26 | 2002-10-14 |
| BOLT, Thomas Allen | Director | 2016-10-14 | 2017-12-22 |
| CEURVORST, Paul Norman Edward, Mr. | Director | 2013-05-23 | 2016-04-30 |
| CHARLTON, Peter John | Nominee Director | 1994-10-24 | 1994-11-15 |
| FORBES, Christopher David | Director | 1994-11-15 | 2000-12-31 |
| HARDIE, Charles Jeremy Mawdesley | Director | 1994-11-15 | 1999-06-30 |
| LORD ASHTON OF HYDE, Thomas Henry, The Honourable | Director | 2001-01-11 | 2013-05-16 |
| LOWTON, Mark | Director | 2008-07-29 | 2009-05-15 |
| MACKENZIE, Robert Chase | Director | 1994-11-15 | 1997-12-31 |
| MANN, David Preston | Director | 1994-11-15 | 2002-04-25 |
| O'DEA, Michael Patrick | Director | 2002-04-25 | 2014-08-15 |
| RICHARDS, Martin Edgar | Nominee Director | 1994-10-24 | 1994-11-15 |
| TOFFANELLO, Pietro Andrea | Director | 2016-01-18 | 2016-10-14 |
| TOLLE, Rolf Albert Wilhelm | Director | 2002-04-25 | 2003-02-28 |
| TOVEY, Simon George Houghton | Director | 2005-11-11 | 2010-08-31 |
| VOCKE, Damon Nicholas | Director | 2009-07-09 | 2016-05-13 |
| VUKELIC, Milan | Director | 2002-11-08 | 2005-07-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Faraday Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 228 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-20 RESOLUTIONS Resolution
- 2023-11-20 CC04 Statement of companys objects
- 2023-11-20 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-24 | AA | accounts | Accounts with accounts type full | |
| 2024-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2023-11-20 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-20 | CC04 | change-of-constitution | Statement of companys objects | |
| 2023-11-20 | MA | incorporation | Memorandum articles | |
| 2023-11-03 | CH01 | officers | Change person director company with change date | |
| 2023-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-31 | AA | accounts | Accounts with accounts type full | |
| 2022-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-28 | AA | accounts | Accounts with accounts type full | |
| 2021-10-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-29 | AA | accounts | Accounts with accounts type full | |
| 2020-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-02 | AA | accounts | Accounts with accounts type full | |
| 2020-07-14 | CH01 | officers | Change person director company with change date | |
| 2019-10-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-09-19 | CH01 | officers | Change person director company with change date | |
| 2019-07-31 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-56.3%
£736,404,000 £321,475,000
-
Cash
-54.6%
£89,183,000 £40,485,000
-
Net assets
+25%
£273,757,000 £342,274,000
-
Employees
-79.2%
120 25
-
Operating profit
+30.9%
£171,542,000 £224,614,000
-
Profit before tax
+30.9%
£171,542,000 £224,614,000
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