ELQ DERIVATIVE LTD
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Cash
£17M
+5.5% vs 2023
Net assets
£0
Equity attributable
Employees
—
Average over period
Profit before tax
£218K
+101% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£21,203,855 | £217,939 | |
| Profit before tax | -£21,203,855 | £217,939 | |
| Net profit | -£14,825,797 | £0 | |
| Cash | £16,532,246 | £17,441,809 | |
| Total assets less current liabilities | £17,666,420 | £18,359,526 | |
| Net assets | £0 | £0 | |
| Equity | £0 | £0 | |
| 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -120.0% | 1.2% | |
| Gearing (liabilities / total assets) | 100.0% | 100.0% | |
| Current ratio | 1.78x | 1.91x |
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 101
- Reporting scope
- Standalone (parent only)
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“These financial statements have been prepared on the going concern basis”
Significant events
- “Profit before taxation for the year ended 31 December 2024 was US$0.3 million (31 December 2023: loss before taxation of US$28.6 million).”
- “During the prior year, the company issued 100 ordinary shares of US$0.01 each to GS Sapphire International Ltd, the parent undertaking, for a total consideration of US$20.0 million.”
- “In 2023, the Finance (No. 2) Act 2023 enacted certain provisions of the Organisation for Economic Co-operation and Development (OECD) Global Anti-Base Erosion Model Rules (Pillar Two)... Given the company satisfies and intends to apply the safe harbour rules, there was no impact to the company's effective tax rate as a result of Pillar Two rules.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOURANT SECRETARIES (JERSEY) LIMITED | Corporate Secretary | 2021-02-10 | — | — |
| CHIMA, Vikramjit Singh | Director | 2021-02-10 | Dec 1973 | Indian |
| WILTSHIRE, Jeremy Alan | Director | 2021-02-10 | Jul 1981 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CURLE, Piers Noel Ormiston, Mr. | Director | 2021-02-10 | 2024-10-21 |
| EBRAHIM, Sarah Afsheen | Director | 2024-10-21 | 2025-06-30 |
Ownership
Persons with significant control
Filing timeline
Last 12 of 12 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-12 | AA | accounts | Accounts with accounts type full | |
| 2025-07-23 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-02-04 | AA | accounts | Accounts with accounts type full | |
| 2025-01-29 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-12-11 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-01-09 | AA | accounts | Accounts with accounts type full | |
| 2022-12-29 | AA | accounts | Accounts with accounts type full | |
| 2021-12-31 | AA | accounts | Accounts with accounts type full | |
| 2021-12-14 | AA01 | accounts | Change account reference date company previous shortened | |
| 2021-02-10 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2021-02-10 | OS-PAR | annual-return | Appointment at registration of person authorised to accept service | |
| 2021-02-10 | OSIN01 | incorporation | Register overseas company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
+5.5%
£16,532,246 £17,441,809
-
Net assets
—
Not reported
-
Employees
—
Not reported
-
Operating profit
+101%
-£21,203,855 £217,939
-
Profit before tax
+101%
-£21,203,855 £217,939
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