ION TRADING UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-24 (in 5mo)
Last made up 2025-10-10
Watchouts
None on the register
Cash
£255K
-67.1% vs 2023
Net assets
£13M
-22.2% vs 2023
Employees
272
+5.4% vs 2023
Profit before tax
£2M
+371.9% vs 2023
Name history
Renamed 2 times since incorporation
- ION TRADING UK LIMITED 2004-06-29 → present
- ION TRADING SYSTEMS LIMITED 1997-09-29 → 2004-06-29
- OYSTERVALE LIMITED 1996-10-10 → 1997-09-29
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £142,421,184 | £158,771,117 | |
| Operating profit | £2,737,521 | £5,988,236 | |
| Profit before tax | -£797,571 | £2,168,650 | |
| Net profit | -£3,620,687 | -£4,342,592 | |
| Cash | £776,458 | £255,073 | |
| Total assets less current liabilities | £28,908,285 | £21,748,726 | |
| Net assets | £17,104,000 | £13,315,230 | |
| Equity | £17,104,000 | £13,315,230 | |
| Average employees | 258 | 272 | |
| Wages | £21,718,478 | £22,697,226 |
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 | 1.9% | 3.8% | |
| Net margin | -2.5% | -2.7% | |
| Return on capital employed | 9.5% | 27.5% | |
| Current ratio | 0.81x | 0.58x | |
| Interest cover | 0.75x | 1.47x |
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, Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis of accounting. The time-period that the Board has considered in evaluating the appropriateness of the going concern basis of accounting is a period of 12 months from the date of approval of the financial statements (the 'period of assessment').”
Group structure
- ION TRADING UK LIMITED · parent
- Fidessa Trading Systems Private Ltd 100%
- Financial Software Systems, Inc. 100%
- Financial Software Systems, LLC. 100%
- Financial Software Systems (Mexico), LLC. 100%
- FSS Ventures LLC 100%
- ION Trading India Private Limited 99.9%
- ION Consulting UK Limited 100%
- ION Trading Australia Pty. Ltd. 100%
- ION Trading S.r.l. 100%
- ION Trading S.L. 100%
- ION Trading, Inc. 100%
- ION Trading GmbH 100%
- Marketfactory, Inc. 100%
- Marketfactory (UK) Limited 100%
- Rolfe & Nolan (Asia Pacific) Pte. Ltd. 100%
- Rolfe & Nolan Systems Limited 100%
- Spot Systems Inc. 100%
- Technología, Asesoría, Sistemas, S.A. de C.V. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CASEY, Colm | Director | 2024-11-07 | Dec 1980 | Irish |
| EVANS, Paul Robert | Director | 2022-10-31 | May 1975 | English |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRIFFIN, Neil | Secretary | 2021-06-30 | 2026-03-31 |
| HOARE, Aram | Secretary | 2007-09-12 | 2014-10-01 |
| MCSHEE, Terence | Secretary | 2002-03-11 | 2002-07-01 |
| WOODS, Ashley Graham | Secretary | 2014-10-01 | 2021-06-30 |
| CARGIL MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2002-07-01 | 2007-09-12 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Nominee Secretary | 1996-10-10 | 2000-02-29 |
| INTERNATIONAL REGISTRARS LIMITED | Corporate Secretary | 1999-11-30 | 2002-03-08 |
| ALARCO, Santiago | Director | 2003-06-06 | 2004-11-29 |
| AMPSTEAD, Timothy James | Director | 2015-06-19 | 2016-06-17 |
| BROCKWELL, David Paul | Director | 2005-10-11 | 2006-09-28 |
| CECCOLINI, Andrea | Director | 2001-12-21 | 2013-04-19 |
| CERETTI, Lorenzo | Director | 2020-10-20 | 2021-09-15 |
| CHARLTON, Peter John | Nominee Director | 1996-10-10 | 1997-07-24 |
| CLINCH, Conor Gerard | Director | 2014-06-03 | 2022-10-31 |
| CLINCH, Conor Gerard | Director | 2009-10-01 | 2009-10-03 |
| DAMERI, Enrico | Director | 1997-09-19 | 2001-12-19 |
| FREEMAN, Robert Neil | Director | 2011-09-30 | 2013-01-09 |
| GREHAN, Keith William | Director | 2011-10-19 | 2014-06-03 |
| HOARE, Aram John | Director | 2006-10-05 | 2015-06-19 |
| IAMONI, Stefano | Director | 2001-12-20 | 2004-11-29 |
| KELLY, Joanne | Director | 2006-10-05 | 2011-09-30 |
| LEVI, Giorgio | Director | 1999-12-08 | 2000-07-03 |
| MARTIN, Glenn Philip | Director | 1997-09-19 | 1999-12-08 |
| MATTHEWS, Stephen Paul James | Director | 2002-01-15 | 2003-06-06 |
| MATTHEWS, Stephen Paul James | Director | 1997-07-24 | 2001-12-19 |
| MAZZOLENI, Ivano | Director | 2003-11-17 | 2004-11-29 |
| NEDUNGADI, Ajit | Director | 2004-11-29 | 2007-09-24 |
| OTTOLENGHI, Alberto | Director | 2006-10-05 | 2009-03-17 |
| OTTOLENGHI, Alberto | Director | 2006-10-05 | 2009-03-17 |
| PIGNATARO, Andrea | Director | 2001-12-20 | 2005-10-11 |
| PIGNATARO, Andrea | Director | 1997-09-19 | 2001-12-19 |
| PRINI, Gianfranco | Director | 2001-12-21 | 2002-10-24 |
| PRINI, Gianfranco | Director | 2000-07-03 | 2001-12-19 |
| RICHARDS, Martin Edgar | Nominee Director | 1996-10-10 | 1997-07-24 |
| RUTTER, Mandy | Director | 2013-04-19 | 2024-11-08 |
| SIMONELLI, Carlandrea | Director | 1997-09-19 | 2001-12-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ion Trading Finance Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2024-05-18 | Active |
| Mr Andrea Pignataro | Individual | Significant influence | 2022-10-10 | Active |
| Ion Investment Group Limited | Corporate entity | Shares 75–100% | 2016-06-30 | Ceased 2022-10-10 |
Filing timeline
Last 20 of 215 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-20 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-24 | AA | accounts | Accounts with accounts type full | |
| 2025-05-29 | CH01 | officers | Change person director company with change date | |
| 2024-11-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2024-07-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-18 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-23 | AA | accounts | Accounts with accounts type full | |
| 2022-11-01 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 0
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+11.5%
£142,421,184 £158,771,117
-
Cash
-67.1%
£776,458 £255,073
-
Net assets
-22.2%
£17,104,000 £13,315,230
-
Employees
+5.4%
258 272
-
Operating profit
+118.7%
£2,737,521 £5,988,236
-
Profit before tax
+371.9%
-£797,571 £2,168,650
-
Wages
+4.5%
£21,718,478 £22,697,226
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers