UK Companies House feature
NEXTGEN CLEARING LIMITED
Cash
£4M
-22% vs 2023
Net assets
£6M
-29.8% vs 2023
Employees
58
+20.8% vs 2023
Profit before tax
—
Period ending 2024-12-31
Profile
- Company number
- 06339120
- Status
- Active
- Incorporation
- 2007-08-09
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
6-year trend · vs UK Fintech median
NEXTGEN CLEARING LIMITED
NEXTGEN CLEARING LIMITED
NEXTGEN CLEARING LIMITED
NEXTGEN CLEARING LIMITED
Accounts
6-year trend · latest 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | — | |
| Net profit | £551,407 | £228,580 | £1,314,968 | — | £1,048,362 | £2,326,695 | |
| Cash | £3,982,187 | £3,674,834 | £2,805,581 | — | £5,186,347 | £4,044,440 | |
| Total assets less current liabilities | £5,618,067 | — | — | — | £8,059,400 | £6,070,159 | |
| Net assets | £5,618,067 | £4,298,280 | £5,616,271 | — | £7,921,991 | £5,563,827 | |
| Equity | — | — | £5,616,271 | £7,178,808 | £7,921,991 | £6,821,607 | |
| Average employees | 41 | 40 | 37 | — | 48 | 58 | |
| Wages | £2,406,331 | £2,840,233 | £2,270,393 | — | £3,476,893 | £4,699,241 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated (group)
- Auditor
- Gravita Audit II Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Subsidiaries
- Nextgen Clearing Private Limited · 99.99% held · India
- Nextgen Mea Limited · 100% held · London
- Nextgen Plus Limited · 100% held · London
- Nexgen MEA Digital Co. · 98% held · Egypt
Significant events
- “The Company undertook a share buyback program in 2024 under which some shareholders received funds from the Company in return for shares, which were subsequently cancelled by the company.”
- “The cash balance decreased from £6.0 million in December 2023 to £4.7 million in December 2024, largely due to the share buyback conducted during the course of 2024.”
- “On 8 June 2023 the company acquired 98 percent of the issued capital of Nexgen MEA Egypt.”
- “On 25 August 2025, Tritex Solutions Ltd was formally dissolved and struck off the register. In connection with the Associate, the Group held intellectual property rights with a carrying value of £10,000, recognised within intangible assets. As a result of the dissolution, these intangible assets were written off in full in the current year.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PREISKEL & CO LLP | Corporate Secretary | 2008-02-08 | — | — |
| RANDOLPH JR., Dennis Lee | Director | 2019-09-19 | Jun 1979 | American |
| RUPARELIA, Kirit Vallabhdas | Director | 2007-08-09 | Jul 1963 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALFOUR SECRETARIES LTD | Corporate Secretary | 2007-08-09 | 2008-02-08 |
| APPEL, Juergen | Director | 2013-01-18 | 2024-04-22 |
| CARPENTER, Peter Jon | Director | 2015-02-01 | 2024-04-10 |
| CHRISTENSEN, Soeren Kier | Director | 2014-03-21 | 2024-04-10 |
| GADD, Simon Ivan | Director | 2012-08-07 | 2017-11-27 |
| ISKANDER, Ashraf Raymond | Director | 2021-06-29 | 2025-12-27 |
| LUECKENHOFF, George Joseph | Director | 2015-07-04 | 2018-05-23 |
| MACE, Richard Edward | Director | 2014-04-10 | 2015-07-04 |
| SCOTT, Richard | Director | 2012-08-07 | 2014-11-30 |
| SHEEHY, Michael Anthony | Director | 2018-01-08 | 2020-04-30 |
| TABOR NOMINEES LTD | Corporate Director | 2007-08-09 | 2007-08-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Kiritkumar Vallabhdas Ruparelia | Individual | Shares 25–50%, Voting 25–50% | 2016-06-30 | Active |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-29 | TM01 | officers | termination director company with name termination date |
| 2025-09-26 | AA | accounts | accounts with accounts type group |
| 2025-09-17 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-12-11 | SH06 | capital | capital cancellation shares |
| 2024-12-11 | SH03 | capital | capital return purchase own shares |
| 2024-12-10 | SH06 | capital | capital cancellation shares |
| 2024-12-10 | SH03 | capital | capital return purchase own shares |
| 2024-11-05 | SH06 | capital | capital cancellation shares |
| 2024-11-04 | SH03 | capital | capital return purchase own shares |
| 2024-10-08 | RESOLUTIONS | resolution | resolution |
| 2024-09-27 | AA | accounts | accounts with accounts type group |
| 2024-09-18 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-04-23 | TM01 | officers | termination director company with name termination date |
| 2024-04-22 | TM01 | officers | termination director company with name termination date |
| 2024-04-22 | TM01 | officers | termination director company with name termination date |
| 2024-03-15 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2023-10-04 | AA | accounts | accounts with accounts type group |
| 2023-09-15 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-02-13 | SH01 | capital | capital allotment shares |
| 2023-01-31 | AA | accounts | accounts with accounts type group |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Credit score requires EBIT (operating profit / PBT) — not present in the latest extracted accounts.
Activity Score
Composite activity score · components 0–100 · reference 2026-05-10
49.9
COOL
/ 100
- Filings velocity 25
- Capital events 100
- Officer churn 25
- Headcount trajectory 71
- Accounts trajectory 20
- 3 filing(s) in last 12 months
- 6 capital event(s) in last 24 months
- 0 appointed, 1 resigned (12mo)
- Employees +21% YoY
- Net Assets -30% YoY