THREDD BIDCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-02 (in 1y)
Last made up 2026-04-18
Watchouts
Cash
£20K
-76.5% vs 2023
Net assets
£89M
+3,137.7% vs 2023
Employees
—
Average over period
Profit before tax
-£72K
+84% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 3 times since incorporation
- THREDD BIDCO LIMITED 2023-04-27 → present
- GPS BIDCO LIMITED 2019-05-30 → 2023-04-27
- GEORGE BIDCO LIMITED 2018-05-17 → 2019-05-30
- DMWSL 884 LIMITED 2018-04-19 → 2018-05-17
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 | — | — | |
| Operating profit | — | — | |
| Profit before tax | -£451,000 | -£72,000 | |
| Net profit | -£451,000 | -£72,000 | |
| Cash | £85,000 | £20,000 | |
| Total assets less current liabilities | £38,109,000 | £453,395,000 | |
| Net assets | -£2,915,000 | £88,548,000 | |
| Equity | -£2,915,000 | £88,548,000 | |
| Average employees | — | — | |
| Wages | £280,000 | — |
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 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 103.9% | 82.5% | |
| Current ratio | 0.03x | 0.98x |
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. Notwithstanding a profit for the Company before and after taxation of £0.07m (2023: £0.50m loss), net current liabilities for the Company as at 31 December 2024 of £365.7m (2023: £36.3m), and net asset position of £88.5m (2023: £2.9m net liability position), and operating cash outflows for the Company for the year of £0.1m (2023: outflow of £0.1m), the Company, as a holding entity, does not undertake any trading activities.”
Group structure
- THREDD BIDCO LIMITED · parent
- Global Processing Services Limited 100%
- Thredd (UK) Limited 100%
- Thredd (Singapore) PTE Limited 100%
- Thredd (Australia) PTY Limited 100%
- Apex Processing Services FZ-LLC 100%
- Thredd US LLC 100%
- Thredd LLC 100%
Significant events
- “During the year, as part of a group structure clean-up process, the entities listed on the next page were placed into Members' Voluntary Liquidation (MVL) due to its minimal activity and lack of contribution to day-to-day operations. This decision was made to streamline the group's operations and eliminate non-essential entities. The entities' assets and liabilities were assessed, and it was determined that MVL was the most appropriate course of action.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2025-03-31 | — | — |
| EDWARDS, Cecil Rodwell | Director | 2022-09-22 | Dec 1978 | British |
| MCCARTHY, James Francis | Director | 2023-10-24 | Dec 1964 | American |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CSC CLS (UK) LIMITED | Corporate Secretary | 2022-12-15 | 2025-05-14 |
| DM COMPANY SERVICES (LONDON) LIMITED | Corporate Secretary | 2018-04-19 | 2018-05-16 |
| BARRON, Paul Thomas | Director | 2018-04-19 | 2018-05-16 |
| BENNETT, Dougal Gareth Stuart | Director | 2018-06-07 | 2021-03-31 |
| BEVAN, Oliver James | Director | 2018-05-16 | 2021-12-14 |
| BUTCHER, Keith | Director | 2018-06-14 | 2019-07-23 |
| DEWAR, Joanne | Director | 2018-06-14 | 2023-02-02 |
| GILCHRIST, Ewan Caldwell | Director | 2018-05-16 | 2018-05-16 |
| HODGSON, Richard | Director | 2020-06-25 | 2022-09-22 |
| MIDDLETON, Shaun Norman Skene | Director | 2021-03-31 | 2021-12-14 |
| SCHULTZ, Kevin James | Director | 2022-09-22 | 2023-10-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thredd Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-09-19 | Active |
| Thredd Finco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-05-16 | Ceased 2024-09-19 |
| Dm Company Services (London) Limited | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm, right-to-appoint-and-remove-directors-as-firm | 2018-04-19 | Ceased 2018-05-16 |
Filing timeline
Last 20 of 64 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-04-27 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with 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 | |
| 2025-06-10 | AA | accounts | Accounts with accounts type full | |
| 2025-05-14 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-13 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-09-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-27 | SH01 | capital | Capital allotment shares | |
| 2024-06-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-21 | AA | accounts | Accounts with accounts type full | |
| 2024-05-14 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-27 | AA | accounts | Accounts with accounts type full | |
| 2023-04-27 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-04-18 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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
—
Not reported
-
Cash
-76.5%
£85,000 £20,000
-
Net assets
+3,137.7%
-£2,915,000 £88,548,000
-
Employees
—
Not reported
-
Profit before tax
+84%
-£451,000 -£72,000
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