MAREX FX LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-22 (in 8mo)
Last made up 2026-01-08
Watchouts
Cash
£63M
+78.4% vs 2022
Net assets
£36M
+32% vs 2022
Employees
58
+20.8% vs 2022
Profit before tax
£11M
+456.6% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 1 time since incorporation
- MAREX FX LIMITED 2026-03-20 → present
- HAMILTON COURT FOREIGN EXCHANGE LIMITED 2018-05-16 → 2026-03-20
Net assets
4-year trend · vs Financials median
Accounts
4-year trend · latest reflected 2023-03-31
Latest accounts filed cover 2025-03-31; financial figures currently reflect up to 2023-03-31.
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £14,084,399 | £29,031,256 | |
| Operating profit | — | — | £2,277,783 | £10,437,250 | |
| Profit before tax | — | — | £1,932,827 | £10,758,049 | |
| Net profit | — | — | £1,451,846 | £8,841,421 | |
| Cash | — | — | £35,339,094 | £63,057,556 | |
| Total assets less current liabilities | — | — | £30,629,688 | £44,353,765 | |
| Net assets | — | — | £27,222,760 | £35,931,320 | |
| Equity | £24,230,655 | — | £27,222,760 | £35,931,320 | |
| Average employees | — | — | 48 | 58 | |
| Wages | — | — | £6,296,738 | £11,403,210 |
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 16.2% | 36.0% | |
| Net margin | — | — | 10.3% | 30.5% | |
| Return on capital employed | — | — | 7.4% | 23.5% | |
| Interest cover | — | — | 6.22x | 19.55x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- MAREX FX LIMITED · parent
- Hamilton Court Foreign Exchange Securities Trading Company SIM S.p.A 100%
- Hamilton Court Foreign Exchange Payments S.r.l 100%
Significant events
- “In October 2024 an agreement was reached for Spectron Services Limited, whose ultimate parent is Marex Group Plc, to purchase shares in Hamilton Court Group Limited, which was completed on 1 July 2025.”
- “At 31 March 2025 an agreement for Spectron Services Limited to purchase the Group was in place and awaiting regulatory approval in Italy. This transaction was completed on 01 July 2025.”
- “Hamilton Court Group Limited, the Parent company to Hamilton Court Foreign Exchange Limited, was acquired by Spectron Services Limited on 1st July 2025. Spectron Services Limited is owned by Marex Group Plc.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LINSLEY, Scott | Secretary | 2025-07-01 | — | — |
| CHO, Jae Yun | Director | 2025-11-07 | Nov 1981 | British |
| JETHWA, Nilesh Kumar | Director | 2025-12-03 | Sep 1978 | British |
| KETERMAN, Tony Junior | Director | 2018-05-16 | Jun 1986 | British |
| PALMER, Mark | Director | 2018-05-16 | Aug 1983 | British |
| SACHDEV, Chirag | Director | 2018-05-16 | Jun 1980 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLISON, Elizabeth Sarah | Director | 2022-06-30 | 2024-05-20 |
| GREEN, Peter Laurence | Director | 2018-11-01 | 2025-07-01 |
| KYTE, David Mark | Director | 2018-05-16 | 2025-07-01 |
| MUSIKANT, Adam Robin | Director | 2018-05-16 | 2025-07-01 |
| SIMON, Andrew | Director | 2018-05-16 | 2022-06-30 |
| SOUTHGATE, Michael Leslie | Director | 2021-01-01 | 2022-08-10 |
| TIMMS, Ben Harold | Director | 2019-01-23 | 2020-05-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hamilton Court Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-01 | Active |
| Mr David Mark Kyte | Individual | Shares 25–50%, Voting 25–50% | 2018-11-01 | Ceased 2021-12-01 |
| Mr Tony Junior Keterman | Individual | Shares 25–50%, Voting 25–50% | 2018-11-01 | Ceased 2021-12-01 |
| Hamilton Court Fx Llp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-05-16 | Ceased 2018-11-01 |
Filing timeline
Last 20 of 72 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-20 CERTNM Certificate change of name company PDF
- 2024-11-03 MA Memorandum articles
- 2024-11-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-20 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-23 | AA | accounts | Accounts with accounts type full | |
| 2025-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-07-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-04 | CH01 | officers | Change person director company with change date | |
| 2025-01-13 | CH01 | officers | Change person director company with change date | |
| 2025-01-03 | AA | accounts | Accounts with accounts type full | |
| 2024-11-03 | MA | incorporation | Memorandum articles | |
| 2024-11-03 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-30 | SH02 | capital | Capital alter shares subdivision | |
| 2024-10-30 | SH08 | capital | Capital name of class of shares | |
| 2024-10-15 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 2
- Officers appointed
- 3
- Officers resigned
- 3
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
FY2022 → FY2023 · period ending 2023-03-31 vs 2022-03-31
-
Turnover
+106.1%
£14,084,399 £29,031,256
-
Cash
+78.4%
£35,339,094 £63,057,556
-
Net assets
+32%
£27,222,760 £35,931,320
-
Employees
+20.8%
48 58
-
Operating profit
+358.2%
£2,277,783 £10,437,250
-
Profit before tax
+456.6%
£1,932,827 £10,758,049
-
Wages
+81.1%
£6,296,738 £11,403,210
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