TETRAGON PARTNERS UK 1 LIMITED

1. TETRAGON PARTNERS UK 1 LIMITED 2026-01-15 → present
2. TFG ASSET MANAGEMENT UK LIMITED 2020-10-19 → 2026-01-15
3. POLYGON GLOBAL MANAGEMENT LIMITED 2012-01-24 → 2020-10-19
4. POLYGON EQUITIES MANAGEMENT LIMITED 2009-09-22 → 2012-01-24

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 102

Reporting scope

Consolidated group

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Group or the Company or to cease their operations, and as they have concluded that the Group and the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over their ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”

Group structure

1. TETRAGON PARTNERS UK 1 LIMITED · parent
   1. TFG Asset Management US LLC 100% · General Partner of TFG Asset Management US LP
   2. TFG Asset Management US LP 100% · US investment manager
   3. LCM Asset Management LLC 100% · Collateral manager
   4. LCM Euro LLC 100% · Collateral manager
   5. TCI Capital Management LLC 100% · CLO management entity
   6. Tetragon BGO Holdings II LLC 100% · Holding company
   7. TFG Asset Management US Inc 100% · Holding company

Significant events

• “Shares under the employment awards which vested in June 2024 were not settled until February 2025 due to comparable data not being available at the vested date.”
• “In preparing these financial statements, the Directors have evaluated and disclosed all material subsequent events up to 12 May 2025, which is the date that the financial statements were issued.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -3.7%

  £97,034,841 → £93,476,649

• Cash

  -45.5%

  £14,974,055 → £8,154,188

• Net assets

  -64.2%

  -£9,933,284 → -£16,308,377

• Employees

  +2.4%

  127 → 130

• Operating profit

  -131.7%

  -£11,934,766 → -£27,650,111

• Profit before tax

  -193.2%

  -£7,635,285 → -£22,386,953

• Wages

  +8.8%

  £62,342,476 → £67,828,021

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