UK Companies House feature
TUNGATE CAPITAL PLC
Cash
£2K
+1,029.6% vs 2024
Net assets
£3M
-7.3% vs 2024
Employees
0
Average over period
Profit before tax
-£239K
-308.1% vs 2024
Profile
- Company number
- 10257377
- Status
- Active
- Incorporation
- 2016-06-29
- Last accounts made up
- 2025-03-31
- Account category
- FULL
- Primary SIC
- 66300
- Hubs
- UK Fintech
Profit before tax
4-year trend · vs UK Fintech median
Accounts
4-year trend · latest 2025-03-31
| Metric | Trend | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | — | — | £114,925 | -£239,129 | |
| Net profit | — | — | £87,021 | -£211,225 | |
| Cash | — | — | £142 | £1,604 | |
| Total assets less current liabilities | — | — | £3,023,224 | £2,801,999 | |
| Net assets | — | — | — | — | |
| Equity | — | £2,938,013 | £3,023,224 | £2,801,999 | |
| Average employees | — | — | — | 0 | |
| Wages | — | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Beavis Morgan Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 1 in the financial statements, which indicates that the company is dependent on receiving cash from its subsidiary The Sycamore IV Mezzanine Finance Fund LLP, which in turn is reliant on certain property transactions, to continue to meet its obligations as they fall due. The timing of these transactions occurring is uncertain and consequently the timing and amount of financial support to the Company is uncertain. These conditions indicate that a material uncertainty exists which may cast significant doubt on the Company's ability to continue as a going concern.”
Subsidiaries
- The Sycamore IV Mezzanine Finance Fund LLP · 100% held · UK · commercial money lender to property developers
Significant events
- “The year ended 31 March 2025 was a year of limited activity. The Company continued to support existing loans during the year and did not make any further advances.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| YADEGAR, Mark Simon | Secretary | 2016-06-29 | — | British |
| YADEGAR, Mark Simon | Director | 2016-06-29 | Feb 1967 | British |
| 100Z ASSET MANAGEMENT LIMITED | Corporate Director | 2023-10-26 | — | — |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GFS CORPORATE DIRECTOR (TUNGATE) LIMITED | Corporate Director | 2018-11-13 | 2023-10-26 |
| GFS CORPORATE DIRECTOR II LIMITED | Corporate Director | 2016-06-29 | 2018-11-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Mark Simon Yadegar | Individual | Shares 75–100% | 2016-06-29 | Active |
Filing timeline
Last 20 of 35 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-12-23 | AA | accounts | accounts with accounts type full |
| 2025-08-27 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-12-27 | AA | accounts | accounts with accounts type full |
| 2024-07-10 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-04-08 | AA | accounts | accounts with accounts type full |
| 2023-12-20 | AP02 | officers | appoint corporate director company with name date |
| 2023-11-08 | TM01 | officers | termination director company with name termination date |
| 2023-08-01 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-03-24 | AA | accounts | accounts with accounts type full |
| 2023-03-01 | DISS40 | gazette | gazette filings brought up to date |
| 2023-02-28 | GAZ1 | gazette | gazette notice compulsory |
| 2022-07-13 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-10-06 | AA | accounts | accounts with accounts type full |
| 2021-08-03 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-02-16 | AA | accounts | accounts with accounts type full |
| 2020-07-09 | CS01 | confirmation-statement | confirmation statement with updates |
| 2020-03-30 | SH02 | capital | capital alter shares redemption statement of capital |
| 2019-10-03 | AA | accounts | accounts with accounts type full |
| 2019-07-04 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2018-11-15 | AP02 | officers | appoint corporate director company with name date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory