TRADITION LONDON CLEARING LIMITED

1. TRADITION LONDON CLEARING LIMITED 1998-11-23 → present
2. MAWLAW 397 LIMITED 1998-09-17 → 1998-11-23

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

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are satisfied that the Company has adequate resources to continue to operate as a going concern for a period of at least 12 months from the date the financial statements are authorised for issuance. In reaching this conclusion, they have considered the current and forecasted regulatory capital and liquidity positions, as well as budgets and financial models for that period.”

Group structure

1. TRADITION LONDON CLEARING LIMITED · parent
   1. Tradition (UK) Limited 100% · England · Broking

Significant events

• “During the year, Tradition London Clearing Limited acquired 100% of Tradition (UK) Limited (a previously related entity under the Tradition UK Group) from Tradition UK Holdings Limited for a total consideration of £100m which was settled by the issuance of shares in Tradition London Clearing Limited.”
• “Since the Russian and Ukraine conflict, resulting in sanctions targeting Russia's financial sector, strategic sectors and individuals close to the regime, all trading with sanctioned clients has been terminated.”
• “The global geopolitical environment remains uncertain, with ongoing conflicts and tensions, including the Russia-Ukraine war, the Israel-Hamas conflict, geopolitical developments involving the United States and Venezuela, and increasing strategic tensions between Iran and the US.”
• “On 28 February 2026, a conflict arose in the Middle East. Management has assessed the potential impact of this event on the Company's operations, financial position, and performance. Based on this assessment, the conflict does not affect the Company's financial statements as at 31 December 2025, and no adjustments are required.”

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

Filings

7

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +52.2%

  £4,651,000 → £7,079,000

• Cash

  -5.4%

  £38,541,000 → £36,445,000

• Net assets

  +371.5%

  £28,142,000 → £132,699,000

• Employees

  0%

  1 → 1

• Operating profit

  +405%

  -£522,000 → £1,592,000

• Profit before tax

  +1,037.1%

  £523,000 → £5,947,000

• Wages

  +13.2%

  £605,000 → £685,000

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