VARIANCE CAPITAL ASSET MANAGEMENT LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-15 (in 7mo)
Last made up 2025-12-01
Watchouts
None on the register
Cash
£577K
-35.4% vs 2023
Net assets
£3M
-61% vs 2023
Employees
0
Average over period
Profit before tax
£2M
-79.5% vs 2023
Name history
Renamed 2 times since incorporation
- VARIANCE CAPITAL ASSET MANAGEMENT LLP 2015-09-15 → present
- KYTE CAPITAL ADVISORS LLP 2008-01-28 → 2015-09-15
- KTH FUND MANAGEMENT LLP 2005-12-01 → 2008-01-28
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 | £12,323,204 | £3,669,876 | |
| Operating profit | £10,966,724 | £2,188,401 | |
| Profit before tax | £10,987,405 | £2,257,413 | |
| Net profit | £10,987,405 | £2,257,413 | |
| Cash | £893,355 | £577,179 | |
| Total assets less current liabilities | £7,389,157 | £2,880,951 | |
| Net assets | £7,389,157 | £2,880,951 | |
| Equity | £1,605,001 | £1,605,001 | |
| Average employees | 0 | 0 | |
| 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 |
|---|---|---|---|
| Operating margin | 89.0% | 59.6% | |
| Net margin | 89.2% | 61.5% | |
| Return on capital employed | 148.4% | 76.0% | |
| Current ratio | 222.36x | 8.37x |
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
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the members' 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 LLP'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.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VARIANCE CAPITAL ASSET MANAGEMENT (UK) LIMITED | Corporate Llp Designated Member | 2005-12-01 | — | — |
| VARIANCE CAPITAL LLP | Corporate Llp Designated Member | 2013-05-08 | — | — |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SAFWAT, Habib Rami | Llp Designated Member | 2005-12-01 | 2008-04-01 |
| RUDNICK LLP | Corporate Llp Designated Member | 2008-01-01 | 2014-03-31 |
| THE KYTE GROUP LIMITED | Corporate Llp Designated Member | 2006-03-29 | 2014-12-17 |
| CIRRUS CAPITAL MANAGEMENT LIMITED | Corporate Llp Member | 2006-08-01 | 2008-06-27 |
| METRICA PARTNERS LLP | Corporate Llp Member | 2006-09-14 | 2007-02-16 |
| PAVILLION CAPITAL MANAGEMENT LLP | Corporate Llp Member | 2006-09-18 | 2008-12-31 |
| TREND MANAGEMENT LIMITED | Corporate Llp Member | 2006-08-01 | 2008-05-20 |
| WESTFERRY CAPITAL PARTNERS LLP | Corporate Llp Member | 2006-05-30 | 2006-11-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Variance Capital Llp | Corporate entity | right-to-share-surplus-assets-75-to-100-percent-limited-liability-partnership | 2016-04-06 | Active |
| Variance Capital Asset Management (Uk) Limited | Corporate entity | voting-rights-75-to-100-percent-limited-liability-partnership | 2016-04-06 | Active |
Filing timeline
Last 20 of 80 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-02 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2024-12-03 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | AA | accounts | Accounts with accounts type full | |
| 2023-12-04 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-25 | AA | accounts | Accounts with accounts type full | |
| 2022-12-02 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-07 | AA | accounts | Accounts with accounts type full | |
| 2021-12-02 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-07 | AA | accounts | Accounts with accounts type full | |
| 2021-05-05 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2021-05-05 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2021-03-26 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2020-12-02 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-05 | AA | accounts | Accounts with accounts type full | |
| 2019-12-02 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-05 | AA | accounts | Accounts with accounts type full | |
| 2018-12-03 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-09-13 | AA | accounts | Accounts with accounts type full | |
| 2018-02-07 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address |
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
-70.2%
£12,323,204 £3,669,876
-
Cash
-35.4%
£893,355 £577,179
-
Net assets
-61%
£7,389,157 £2,880,951
-
Employees
—
Not reported
-
Operating profit
-80%
£10,966,724 £2,188,401
-
Profit before tax
-79.5%
£10,987,405 £2,257,413
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