MCAP GLOBAL FINANCE 2 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-08 (in 2mo)
Last made up 2025-06-24
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£47K
+736.6% vs 2023
Employees
—
Average over period
Profit before tax
£75K
+7,277.4% vs 2023
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | £10,609 | £108,297 | |
| Operating profit | — | -£1,050 | £75,363 | |
| Profit before tax | — | -£1,050 | £75,363 | |
| Net profit | — | -£1,050 | £54,698 | |
| Cash | — | — | — | |
| Total assets less current liabilities | — | -£7,426 | £47,272 | |
| Net assets | — | -£7,426 | £47,272 | |
| Equity | -£6,376 | -£7,426 | £47,272 | |
| Average employees | — | — | — | |
| 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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | — | -9.9% | 69.6% | |
| Net margin | — | -9.9% | 50.5% | |
| Return on capital employed | — | 14.1% | 159.4% | |
| Current ratio | — | 0.62x | 1.81x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial and liquidity position of the Company are set out in the statement of financial position on page 11. The Company has considerable financial resources and an ongoing contract to provide services to Marathon Asset Management L.P., its "parent company". As a consequence, the directors believe that the Company is well placed to manage its business risks successfully and the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “On 24 February 2022, Russia engaged in military actions in the sovereign territory of Ukraine. A number of countries (including the US, UK and the EU member states) imposed sanctions against certain entities and individuals in Russia and Belarus as a result of these actions. This in turn has led to significant volatility and price movements in a number of asset classes, including but not limited to sovereign debt and corporate debt of Russia, Belarus and Ukraine, as well as equities of companies located in these countries, their global commodities and to a lesser extent securities in other markets. The current military, political, and financial uncertainty surrounding Russia, Belarus and Ukraine may continue to lead to bouts of significant market volatility and risk both of investing in securities in these countries and other impacted countries.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RABOY, James Benjamin | Secretary | 2021-10-14 | — | — |
| HANOVER, Louis Todd | Director | 2021-10-14 | Nov 1965 | American |
| RICHARDS, Bruce Jeffrey | Director | 2021-10-14 | Jul 1960 | American |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Louis Todd Hanover | Individual | Significant influence | 2021-10-14 | Active |
| Bruce Jeffrey Richards | Individual | Significant influence | 2021-10-14 | Active |
Filing timeline
Last 10 of 10 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-29 | AA | accounts | Accounts with accounts type full | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-14 | AA | accounts | Accounts with accounts type full | |
| 2023-07-17 | AA | accounts | Accounts with accounts type full | |
| 2023-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-23 | AA01 | accounts | Change account reference date company current extended | |
| 2021-10-14 | NEWINC | incorporation | Incorporation company |
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
-
Turnover
+920.8%
£10,609 £108,297
-
Cash
—
Not reported
-
Net assets
+736.6%
-£7,426 £47,272
-
Employees
—
Not reported
-
Operating profit
+7,277.4%
-£1,050 £75,363
-
Profit before tax
+7,277.4%
-£1,050 £75,363
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