TETRAGON PARTNERS UK LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-19 (in 10mo)
Last made up 2026-03-05
Watchouts
None on the register
Cash
£3M
+22.4% vs 2023
Net assets
£9M
+45.7% vs 2023
Employees
4
0% vs 2023
Profit before tax
£3M
Period ending 2024-12-31
Name history
Renamed 3 times since incorporation — the current trading name was adopted 2025-12-31
- TETRAGON PARTNERS UK LLP 2025-12-31 → present
- TFG ASSET MANAGEMENT UK LLP 2022-03-08 → 2025-12-31
- POLYGON GLOBAL PARTNERS LLP 2011-05-27 → 2022-03-08
- POLYGON EQUITIES PARTNERS LLP 2009-03-05 → 2011-05-27
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 | £39,673,832 | £61,160,860 | |
| Operating profit | -£83,766 | £2,878,428 | |
| Profit before tax | — | £2,883,617 | |
| Net profit | — | £2,883,617 | |
| Cash | £2,710,156 | £3,316,531 | |
| Total assets less current liabilities | £6,312,083 | £9,195,701 | |
| Net assets | £6,312,083 | £9,195,701 | |
| Equity | £6,312,083 | £9,195,701 | |
| Average employees | 4 | 4 | |
| 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 | -0.2% | 4.7% | |
| Net margin | — | 4.7% | |
| Return on capital employed | -1.3% | 31.3% | |
| Current ratio | 1.48x | 1.29x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The members have prepared the financial statements on the going concern basis as they do not intend to liquidate the LLP or to cease its operations, and as they have concluded that the LLP's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”
Significant events
- “In preparing these financial statements, the Partners have evaluated and disclosed all material subsequent events up to 23 April, 2025, which is the date that the financial statements were issued.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DEAR, Patrick Giles Gauntlet | Llp Designated Member | 2009-03-05 | Jun 1961 | — |
| GRIFFITH, Reade Eugene | Llp Designated Member | 2009-03-05 | Apr 1965 | — |
| TETRAGON PARTNERS L.P. | Corporate Llp Member | 2012-06-26 | — | — |
| TETRAGON PARTNERS UK 1 LIMITED | Corporate Llp Member | 2012-06-26 | — | — |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GWYNNE, Mark | Llp Member | 2012-06-26 | 2014-03-31 |
| HUMPHRIES, Mike | Llp Member | 2012-10-24 | 2020-06-01 |
| POLYGON CB L.P | Corporate Llp Member | 2011-05-04 | 2012-06-26 |
| POLYGON EQUITIES L.P. | Corporate Llp Member | 2011-05-01 | 2012-06-26 |
| POLYGON EQUITIES MANAGEMENT LIMITED | Corporate Llp Member | 2009-09-28 | 2011-05-04 |
| POLYGON MANAGEMENT LIMITED | Corporate Llp Member | 2011-05-04 | 2012-06-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Reade Eugene Griffith | Individual | voting-rights-50-to-75-percent-limited-liability-partnership, right-to-share-surplus-assets-75-to-100-percent-limited-liability-partnership | 2016-04-06 | Active |
| Mr Patrick Giles Gauntlet Dear | Individual | voting-rights-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Active |
| Tetragon Partners Uk 1 Limited | Corporate entity | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Active |
Filing timeline
Last 20 of 67 total filings
Material constitutional events — rename, articles re-file, resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-18 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-28 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2026-01-27 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2026-01-27 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2025-12-31 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-12-31 | LLNM01 | change-of-name | Change of name notice limited liability partnership | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-03-19 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-07 | AA | accounts | Accounts with accounts type full | |
| 2024-04-17 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-02 | AA | accounts | Accounts with accounts type full | |
| 2023-03-17 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-15 | AA | accounts | Accounts with accounts type full | |
| 2022-03-08 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-03-08 | LLNM01 | change-of-name | Change of name notice limited liability partnership | |
| 2022-03-07 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-09 | AA | accounts | Accounts with accounts type full | |
| 2021-04-27 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2021-04-26 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-04 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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
+54.2%
£39,673,832 £61,160,860
-
Cash
+22.4%
£2,710,156 £3,316,531
-
Net assets
+45.7%
£6,312,083 £9,195,701
-
Employees
0%
4 4
-
Operating profit
+3,536.3%
-£83,766 £2,878,428
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