THREDD UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-03 (in 8mo)
Last made up 2025-12-20
Watchouts
None on the register
Cash
£7M
+13.4% vs 2023
Net assets
-£53M
-43.6% vs 2023
Employees
—
Average over period
Profit before tax
-£26M
+21.4% vs 2023
Name history
Renamed 1 time since incorporation
- THREDD UK LIMITED 2023-04-26 → present
- GLOBAL PROCESSING SERVICES (UK) LIMITED 2015-12-22 → 2023-04-26
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £31,804,000 | £38,330,000 | |
| Operating profit | -£21,500,000 | -£14,985,000 | |
| Profit before tax | -£33,637,000 | -£26,430,000 | |
| Net profit | -£32,223,000 | -£26,160,000 | |
| Cash | £6,455,000 | £7,319,000 | |
| Total assets less current liabilities | -£37,172,000 | -£52,037,000 | |
| Net assets | -£37,172,000 | -£53,382,000 | |
| Equity | -£37,172,000 | -£53,382,000 | |
| Average employees | — | — | |
| Wages | £12,333,000 | £14,302,000 |
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 | -67.6% | -39.1% | |
| Net margin | -101.3% | -68.2% | |
| Return on capital employed | 57.8% | 28.8% | |
| Gearing (liabilities / total assets) | 199.4% | 213.2% | |
| Current ratio | 0.24x | 0.28x | |
| Interest cover | -0.95x | -2.06x |
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
- Standalone (parent only)
- Auditor
- KPMG Audit LLC
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors continue to have a reasonable expectation that the Company has adequate resources to continue in operation for at least the next 12 months from the date of approval of these financial statements. We consider that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- THREDD UK LIMITED · parent
- Auxo Topco Jersey Limited
- Auxo Midco Jersey Limited
- Auxo Bottomco Jersey Limited
- Thredd Midco Limited
- Thredd Bidco Limited
- Thredd (Singapore) PTE Limited
- Apex Processing Services FZ-LLC
- Thredd (Australia) PTY Limited
- Thredd US LLC
- Thredd LLC
- Global Processing Services Limited
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2025-03-31 | — | — |
| EDWARDS, Cecil Rodwell | Director | 2022-08-17 | Dec 1978 | British |
| MCCARTHY, James Francis | Director | 2023-10-24 | Dec 1964 | American |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CSC CLS (UK) LIMITED | Corporate Secretary | 2015-12-22 | 2025-05-14 |
| BUTCHER, Keith | Director | 2018-06-14 | 2019-07-23 |
| DEWAR, Craig Stephen | Director | 2015-12-22 | 2021-12-14 |
| DEWAR, Joanne Louise | Director | 2018-06-14 | 2023-02-02 |
| GRAHAME, Lisa Helen | Director | 2018-06-14 | 2021-12-15 |
| HARRIS, Neil Brian | Director | 2018-06-14 | 2022-01-31 |
| HODGSON, Richard | Director | 2020-06-25 | 2022-08-17 |
| KERR, Anthony | Director | 2015-12-22 | 2021-12-14 |
| SCHULTZ, Kevin James | Director | 2022-08-17 | 2023-10-24 |
| VAGHJIANI, Suresh | Director | 2018-06-14 | 2018-09-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thredd Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-06-14 | Active |
| Anthony Kerr | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-06-14 |
Filing timeline
Last 20 of 68 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-19 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-08-01 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-07-11 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-07-11 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-07-10 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-07-10 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-07-10 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-06-10 | AA | accounts | Accounts with accounts type full | |
| 2025-05-14 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-14 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-09-27 | SH01 | capital | Capital allotment shares | |
| 2024-06-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-05-21 | AA | accounts | Accounts with accounts type full | |
| 2023-12-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-28 | PSC05 | persons-with-significant-control | Change to a person with significant control without name date | |
| 2023-12-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-24 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 1
- 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
+20.5%
£31,804,000 £38,330,000
-
Cash
+13.4%
£6,455,000 £7,319,000
-
Net assets
-43.6%
-£37,172,000 -£53,382,000
-
Employees
—
Not reported
-
Operating profit
+30.3%
-£21,500,000 -£14,985,000
-
Profit before tax
+21.4%
-£33,637,000 -£26,430,000
-
Wages
+16%
£12,333,000 £14,302,000
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