NEXTGEN CLEARING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-19 (in 4mo)
Last made up 2025-09-05
Watchouts
None on the register
Cash
£4M
-22% vs 2023
Net assets
£6M
-29.8% vs 2023
Employees
58
+20.8% highest in 5 filed years
Profit before tax
—
Period ending 2024-12-31
Name history
Renamed 1 time since incorporation
- NEXTGEN CLEARING LIMITED 2008-03-25 → present
- NEXT GENERATION CLEARING LIMITED 2007-08-09 → 2008-03-25
Net assets
6-year trend · vs Financials median
Accounts
6-year trend · latest reflected 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Audit & accounting basis
- 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.”
Group structure
- NEXTGEN CLEARING LIMITED · parent
- Nextgen Clearing Private Limited 99.99%
- Nextgen Mea Limited 100%
- Nextgen Plus Limited 100%
- Nexgen MEA Digital Co. 98%
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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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
Material constitutional events — rename, articles re-file, resolution
- 2024-10-08 RESOLUTIONS Resolution
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 6
- 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
—
Not reported
-
Cash
-22%
£5,186,347 £4,044,440
-
Net assets
-29.8%
£7,921,991 £5,563,827
-
Employees
+20.8%
48 58
highest in 5 filed years
-
Wages
+35.2%
£3,476,893 £4,699,241
highest in 5 filed years
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