QUADRATURE CLIMATE FOUNDATION
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-30 (in 3mo)
Last made up 2025-08-16
Watchouts
None on the register
Cash
£27M
Latest balance sheet
Net assets
£27M
Equity attributable
Employees
27
Average over period
Profit before tax
£6M
Period ending 2024-12-31
Name history
Renamed 1 time since incorporation
- QUADRATURE CLIMATE FOUNDATION 2020-03-06 → present
- QCF 2019-09-06 → 2020-03-06
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 | £13,349,030 | £5,621,037 | |
| Profit before tax | £13,480,085 | £5,652,660 | |
| Net profit | £13,480,085 | £5,652,660 | |
| Cash | £27,482,508 | £27,094,006 | |
| Total assets less current liabilities | £21,294,358 | £26,947,018 | |
| Net assets | £21,294,358 | £26,947,018 | |
| Equity | £21,294,358 | £26,947,018 | |
| Average employees | 15 | 27 | |
| Wages | £4,456,234 | £4,903,628 |
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 | 62.7% | 20.9% | |
| Gearing (liabilities / total assets) | 23.7% | 3.6% | |
| Current ratio | 4.22x | 27.72x | |
| Interest cover | 1643.16x | 752.68x |
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
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making appropriate enquiries, the trustees have a reasonable expectation that the Foundation has adequate resources to continue in operational existence for the foreseeable future. For this reason, the trustees continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “In 2024, the Foundation made significant strides in advancing its mission. The Foundation's New Climate Reality strategy, approved in spring 2023, reflects the latest advancements in climate science and prioritises a more human-centred approach to climate action. Moving beyond the traditional focus on 'net zero' and '1.5°C', the strategy centres on building climate resilience, emphasising the alleviation of suffering, particularly in vulnerable communities. The strategy unfolds in three key pillars:”
- “Grant expenditure in the year was £205m and a significant milestone was also reached in 2024 with the Foundation entering performance-based agreements with a cumulative value of $1 billion since its inception, more than half of this being made since the beginning of 2023. While impact remains the Foundation's primary measure of success, this financial milestone underscores the importance of mobilising funding to drive meaningful change.”
- “2024 was also a year of organisational growth. The Foundation expanded its team by 63%, welcoming 19 new members and bringing the total to 31 full-time employees (FTEs). This growth reflects the Foundation's increasing capacity to meet its strategic objectives and deepen its impact.”
- “2024 saw the buildout of a new Advisory Board to play a supportive role in the development of organisational and programme strategy. The Advisory Board had expanded to nine individuals by the end of 2024, with expertise from diverse geographies and areas relevant to QCF's climate-resilience agenda.”
- “In addition, the Chief Operating Officer (COO) joined the Foundation in early 2024 to continue the Foundation's professionalisation journey, with the organisation deepening its functional expertise across its Legal, Communications and People teams, with sharpened focus on process and system efficiencies, talent management and organisational culture.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COSGROVE, Neil Paul | Director | 2019-09-06 | Jul 1975 | British |
| HOOKE, Jennifer Clare, Ms. | Director | 2024-04-02 | Dec 1983 | British |
| SETIYA, Suneil | Director | 2019-09-06 | May 1973 | British |
| SKINNER, Greg Howard | Director | 2019-09-06 | Aug 1973 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOOKE, Jennifer Clare, Ms. | Director | 2020-05-27 | 2022-12-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Greg Howard Skinner | Individual | Voting 25–50% | 2019-09-06 | Active |
| Mr Suneil Setiya | Individual | Voting 25–50% | 2019-09-06 | Active |
Filing timeline
Last 20 of 26 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-24 MA Memorandum articles
- 2024-08-24 RESOLUTIONS Resolution
- 2024-08-24 MA Memorandum articles
- 2020-05-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-08-24 | MA | incorporation | Memorandum articles | |
| 2024-08-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-24 | MA | incorporation | Memorandum articles | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-20 | AA01 | accounts | Change account reference date company current extended | |
| 2023-03-07 | AA | accounts | Accounts with accounts type full | |
| 2023-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-21 | AA | accounts | Accounts with accounts type full | |
| 2021-09-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-28 | AA | accounts | Accounts with accounts type full | |
| 2020-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-09 | AP01 | officers | Appoint person director company with name date | |
| 2020-05-20 | RESOLUTIONS | resolution | Resolution |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31