THREDD MIDCO 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
—
Latest balance sheet
Net assets
£108M
+2,318.1% vs 2023
Employees
0
Average over period
Profit before tax
£601K
+5.8% 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 MIDCO LIMITED 2023-04-27 → present
- GPS MIDCO LIMITED 2019-05-30 → 2023-04-27
- GEORGE MIDCO LIMITED 2018-05-17 → 2019-05-30
- DMWSL 886 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 | -£8,000 | -£5,000 | |
| Profit before tax | £568,000 | £601,000 | |
| Net profit | £568,000 | £601,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £5,017,000 | £473,322,000 | |
| Net assets | £4,486,000 | £108,475,000 | |
| Equity | £4,486,000 | £108,475,000 | |
| Average employees | 0 | 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -0.2% | -0.0% | |
| Gearing (liabilities / total assets) | 95.1% | 79.3% | |
| Current ratio | 0.45x | 1.13x | |
| Interest cover | -1.14x | -0.71x |
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
- UK-adopted 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 net current liability position of £358m (2023: -£47.4m). The parent company (through the ultimate parent company) has formally indicated that it will continue its support for a minimum of 12 months from the date of issuing these financial statements, including not seeking repayment of amounts currently made available for at least 12 months from the date the company's financial statements are authorised for issue to enable it to meet its financial liabilities as they fall due. The ultimate parent company has sufficient cash assets to provide liquidity support as required and in the quantum required to enable the Company to meet its obligations as they fall due.”
Group structure
- THREDD MIDCO LIMITED · parent
- Thredd Bidco Limited 100%
- Thredd Finco 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 - Services company 100%
- Thredd LLC - Services company 100%
- 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 | 2022-09-22 | Dec 1978 | British |
| MCCARTHY, James Francis | Director | 2023-10-24 | Dec 1964 | American |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| 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 | 2018-06-11 | 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 | 2023-10-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thredd Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-05-16 | Ceased 2024-09-19 |
| Dm Company Services (London0 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 59 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 | |
| 2025-06-10 | 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 updates | |
| 2024-09-27 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 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 | |
| 2024-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-24 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-28 | AA | accounts | Accounts with accounts type full | |
| 2023-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-27 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-22 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- 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
—
Not reported
-
Cash
—
Not reported
-
Net assets
+2,318.1%
£4,486,000 £108,475,000
-
Employees
—
Not reported
-
Operating profit
+37.5%
-£8,000 -£5,000
-
Profit before tax
+5.8%
£568,000 £601,000
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