TUNGATE CAPITAL PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-12 (in 2mo)
Last made up 2025-06-28
Watchouts
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
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
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.
Profit before tax
4-year trend · vs Financials median
Accounts
4-year trend · latest reflected 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Audit & accounting basis
- 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.”
Group structure
- TUNGATE CAPITAL PLC · parent
- The Sycamore IV Mezzanine Finance Fund LLP 100%
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 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 |
|---|---|---|---|---|
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
—
Not reported
-
Cash
+1,029.6%
£142 £1,604
-
Net assets
—
Not reported
-
Employees
—
Not reported
-
Profit before tax
-308.1%
£114,925 -£239,129
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