CITCO (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-28 (in 1mo)
Last made up 2025-06-14
Watchouts
None on the register
Cash
£5M
+9% vs 2023
Net assets
-£3M
-299.1% vs 2023
Employees
68
+4.6% vs 2023
Profit before tax
-£4M
+16.4% vs 2023
Name history
Renamed 1 time since incorporation
- CITCO (UK) LIMITED 2016-10-11 → present
- CITCO ADVISORS INTERNATIONAL LIMITED 2012-01-10 → 2016-10-11
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £39,901,000 | £41,730,000 | |
| Operating profit | -£4,070,000 | -£3,702,000 | |
| Profit before tax | -£5,022,000 | -£4,197,000 | |
| Net profit | -£5,680,000 | -£4,871,000 | |
| Cash | £4,482,000 | £4,886,000 | |
| Total assets less current liabilities | £16,086,000 | -£795,000 | |
| Net assets | £1,683,000 | -£3,351,000 | |
| Equity | £1,683,000 | -£3,351,000 | |
| Average employees | 65 | 68 | |
| Wages | £21,835,000 | £23,263,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -10.2% | -8.9% | |
| Net margin | -14.2% | -11.7% | |
| Return on capital employed | -25.3% | 465.7% | |
| Gearing (liabilities / total assets) | 93.7% | 116.5% | |
| Current ratio | 0.93x | 0.56x | |
| Interest cover | -4.24x | -5.40x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte Ireland LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are satisfied with the performance of the Group. The directors have, at the time of approving the consolidated financial statements, a reasonable expectation that the Group has adequate resources to continue in operational existence for at least 12 months from the date of the approval of the financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the consolidated financial statements.”
Group structure
- CITCO (UK) LIMITED · parent
- AREDVI GmbH 100%
- Citco Shared Services (India) Private Limited 100%
- Citco Group Services (India) LLP 0.1%
Significant events
- “There were no material events subsequent to 31 December, 2024 and up until the authorisation of the financial statements for issue, that have not been disclosed elsewhere in the financial statements. No significant events during the year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CITCO MANAGEMENT (UK) LIMITED | Corporate Secretary | 2012-01-10 | — | — |
| DIVER, John Joseph | Director | 2020-08-13 | Jan 1982 | British |
| HASSETT, Glenn Raymond | Director | 2012-01-10 | Oct 1976 | Australian |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRAHAM, Nicholas James | Director | 2012-01-10 | 2020-08-13 |
| DENNY, John Peter | Director | 2012-01-10 | 2013-08-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Robert Antonius Voges | Individual | Significant influence | 2023-04-25 | Active |
| Laurens Clemens Luckmann | Individual | Significant influence | 2016-04-06 | Ceased 2023-04-25 |
| Bernard Jacques Albert Patrick Foetisch | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
| Christoffel Gaston Smeets | Individual | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 61 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-16 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-25 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-02 | AA | accounts | Accounts with accounts type group | |
| 2025-06-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-16 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-01-16 | SH20 | capital | Legacy | |
| 2025-01-16 | CAP-SS | insolvency | Legacy | |
| 2025-01-16 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-15 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-15 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-11 | AA | accounts | Accounts with accounts type group | |
| 2024-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-03 | AA | accounts | Accounts with accounts type group | |
| 2023-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-11 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-05-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-10-07 | AA | accounts | Accounts with accounts type group | |
| 2022-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-08 | AA | accounts | Accounts with accounts type group | |
| 2021-06-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-23 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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
+4.6%
£39,901,000 £41,730,000
-
Cash
+9%
£4,482,000 £4,886,000
-
Net assets
-299.1%
£1,683,000 -£3,351,000
-
Employees
+4.6%
65 68
-
Operating profit
+9%
-£4,070,000 -£3,702,000
-
Profit before tax
+16.4%
-£5,022,000 -£4,197,000
-
Wages
+6.5%
£21,835,000 £23,263,000
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