INSTITUTIONAL CASH DISTRIBUTORS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-09 (in 11mo)
Last made up 2026-03-26
Watchouts
Cash
£5M
+43.5% vs 2020
Net assets
£5M
+51.8% vs 2020
Employees
11
0% vs 2020
Profit before tax
£2M
-18.5% vs 2020
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2021-12-31
Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2021-12-31.
| Metric | Trend | 2020-12-31 | 2021-12-31 |
|---|---|---|---|
| Turnover | £5,626,109 | £4,408,111 | |
| Operating profit | £2,386,363 | £1,945,354 | |
| Profit before tax | £2,386,656 | £1,945,354 | |
| Net profit | — | — | |
| Cash | £3,230,734 | £4,637,200 | |
| Total assets less current liabilities | £3,054,948 | £4,634,504 | |
| Net assets | £3,051,951 | £4,632,189 | |
| Equity | £3,051,951 | £4,632,189 | |
| Average employees | 11 | 11 | |
| Wages | — | — |
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 | 2020-12-31 | 2021-12-31 |
|---|---|---|---|
| Operating margin | 42.4% | 44.1% | |
| Return on capital employed | 78.1% | 42.0% |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Partners Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared on a going concern basis. The directors have made an assessment as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.”
Significant events
- “On 1 August 2024, ICD Intermediate Holdco 1, LLC and all of its subsidiaries, including the Company, were sold to Tradeweb Markets, LLC. Following the transaction, London Stock Exchange Group plc ("LSEG") became the Company's ultimate parent undertaking effective the same date.”
- “Upon the sale of ICD Intermediate Holdco 1, LLC to Tradeweb Markets, LLC, all remaining P Units both sale-based and time-based vesting, vested and substantially all remaining P Units expense was recognised as of 31 July 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADAMS, Karl Philip John | Director | 2020-01-01 | Sep 1971 | British |
| BRITTON, Thomas Charles Mervyn | Director | 2025-03-05 | Jan 1975 | British |
| HAZARD IV, Victor James | Director | 2019-07-30 | May 1965 | American |
| STAUSSI, Anita Virginia | Director | 2025-12-08 | May 1975 | American |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALDRY, Edwin Phillip | Director | 2010-03-26 | 2019-07-30 |
| BENNIE, John Duggan | Director | 2010-03-26 | 2011-10-27 |
| GREENWAY, James Matthew | Director | 2012-11-01 | 2019-12-31 |
| MACDONALD, Magdalena | Director | 2010-03-26 | 2012-11-01 |
| MARTIN, Mason Jeffrey | Director | 2022-12-07 | 2025-05-01 |
| NEWTON, Thomas Phillip | Director | 2010-03-26 | 2025-03-05 |
| ROACH, Richard David | Director | 2020-01-01 | 2025-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Karl Philip John Adams | Individual | Significant influence | 2020-01-01 | Ceased 2026-03-25 |
| Mr Richard David Roach | Individual | Significant influence | 2020-01-01 | Ceased 2026-03-25 |
| Mr Victor James Hazard Iv | Individual | Significant influence | 2019-07-30 | Ceased 2026-03-25 |
| Icd Intermediate Holdco 1, Llc | Corporate entity | Significant influence | 2018-01-01 | Active |
| Icd Intermediate Holdco2, Llc | Corporate entity | Shares 75–100% | 2018-01-01 | Active |
| Mr Thomas Phillip Newton | Individual | Significant influence | 2016-04-06 | Ceased 2025-03-05 |
| Mr James Matthew Greenway | Individual | Significant influence | 2016-04-06 | Ceased 2019-12-31 |
| Mr Edwin Phillip Baldry | Individual | Significant influence | 2016-04-06 | Ceased 2019-07-30 |
| Mr Jeff Jellison | Individual | Shares 25–50% | 2016-04-06 | Ceased 2018-01-01 |
| Icd Holdings Llc | Corporate entity | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 88 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-23 | AA | accounts | Accounts with accounts type full | |
| 2025-07-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-16 | ANNOTATION | miscellaneous | Legacy | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-08-06 | AA | accounts | Accounts with accounts type full | |
| 2024-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-08 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-08 | CH01 | officers | Change person director company with change date | |
| 2024-04-08 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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
FY2020 → FY2021 · period ending 2021-12-31 vs 2020-12-31
-
Turnover
-21.6%
£5,626,109 £4,408,111
-
Cash
+43.5%
£3,230,734 £4,637,200
-
Net assets
+51.8%
£3,051,951 £4,632,189
-
Employees
0%
11 11
-
Operating profit
-18.5%
£2,386,363 £1,945,354
-
Profit before tax
-18.5%
£2,386,656 £1,945,354
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