XPATE LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-23 (in 6mo)
Last made up 2025-11-09
Watchouts
Cash
£3M
+241.5% highest in 10 filed years
Net assets
£41M
-1.8% vs 2023
Employees
15
-28.6% vs 2023
Profit before tax
-£721K
+62.2% 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.
Net assets
10-year trend · vs Financials median
Accounts
10-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-04-30 | 2020-05-01 | 2021-04-30 | 2021-05-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £2,251,430 | — | £2,011,629 | — | £2,225,468 | — | £275,083 | £5,917,467 | |
| Operating profit | — | — | £103,001 | — | £137,239 | — | -£301,435 | — | -£2,333,715 | -£733,733 | |
| Profit before tax | £21,670 | — | £103,001 | — | £137,239 | — | £130,500 | — | -£1,906,139 | -£721,264 | |
| Net profit | £16,176 | — | £87,657 | — | £111,514 | — | £108,182 | — | -£1,941,808 | -£739,990 | |
| Cash | £5,513 | £5,513 | £598,545 | £598,545 | £693,872 | £693,872 | £583,680 | £583,680 | £897,147 | £3,063,676 | |
| Total assets less current liabilities | £407,648 | — | £495,305 | — | £606,819 | — | £43,885,358 | — | £41,979,220 | £41,257,956 | |
| Net assets | £407,648 | — | £495,305 | — | £606,819 | — | £43,863,120 | — | £41,921,312 | £41,181,322 | |
| Equity | £407,648 | £407,648 | £495,305 | £495,305 | £606,819 | £531,991 | £43,863,120 | £43,863,120 | £41,921,312 | £41,181,322 | |
| Average employees | 2 | — | 33 | — | 51 | — | 45 | — | 21 | 15 | |
| Wages | — | — | £1,396,060 | — | £897,834 | — | £1,073,917 | — | £1,208,584 | £1,078,398 |
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 | 2020-04-30 | 2020-05-01 | 2021-04-30 | 2021-05-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 4.6% | — | 6.8% | — | -13.5% | — | -848.4% | -12.4% | |
| Net margin | — | — | 3.9% | — | 5.5% | — | 4.9% | — | -705.9% | -12.5% | |
| Return on capital employed | — | — | 20.8% | — | 22.6% | — | -0.7% | — | -5.6% | -1.8% |
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
- BKL Audit 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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. The Directors have a reasonable expectation that the Company has adequate resources to meet future working capital requirements and to continue in operational existence for the foreseeable future and they consider it appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “There have been no significant events affecting the Company since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SAFRO, Mihails | Director | 2019-05-03 | Aug 1989 | Latvian |
| ZOTOVA, Anna, Mrs. | Director | 2021-02-22 | Feb 1986 | Latvian |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KAUFHERS, Aleksandrs | Director | 2019-08-07 | 2021-02-24 |
| OLENICENKO, Vladimirs | Director | 2019-04-02 | 2019-05-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| X22 Sia | Corporate entity | Shares 75–100% | 2026-02-20 | Active |
| Mr Mihails Safro | Individual | Shares 75–100% | 2019-04-02 | Ceased 2026-02-20 |
Filing timeline
Last 20 of 30 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-10 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-02-07 | CH01 | officers | Change person director company with change date | |
| 2024-11-13 | CH01 | officers | Change person director company with change date | |
| 2024-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-13 | CH01 | officers | Change person director company with change date | |
| 2024-11-13 | CH01 | officers | Change person director company with change date | |
| 2024-09-12 | AA | accounts | Accounts with accounts type full | |
| 2023-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-17 | AA | accounts | Accounts with accounts type full | |
| 2022-12-08 | CH01 | officers | Change person director company with change date | |
| 2022-12-08 | CH01 | officers | Change person director company with change date | |
| 2022-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-05 | AA | accounts | Accounts with accounts type full | |
| 2021-11-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-05 | AA01 | accounts | Change account reference date company current shortened | |
| 2021-11-04 | AA | accounts | Accounts with accounts type full | |
| 2021-03-03 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+2,051.2%
£275,083 £5,917,467
highest in 5 filed years
-
Cash
+241.5%
£897,147 £3,063,676
highest in 10 filed years
-
Net assets
-1.8%
£41,921,312 £41,181,322
-
Employees
-28.6%
21 15
-
Operating profit
+68.6%
-£2,333,715 -£733,733
-
Profit before tax
+62.2%
-£1,906,139 -£721,264
-
Wages
-10.8%
£1,208,584 £1,078,398
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