XTX RESEARCH LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-13 (in 9mo)
Last made up 2026-01-30
Watchouts
Cash
£249M
+130.7% vs 2023
Net assets
£2B
+56.2% vs 2023
Employees
19
-26.9% vs 2023
Profit before tax
£1B
+71.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | £764,982,000 | £1,280,683,000 | |
| Operating profit | £729,956,000 | £1,243,997,000 | |
| Profit before tax | £746,635,000 | £1,280,346,000 | |
| Net profit | £746,635,000 | £1,280,346,000 | |
| Cash | £107,862,000 | £248,784,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £994,982,000 | £1,553,945,000 | |
| Equity | £994,982,000 | £1,553,945,000 | |
| Average employees | 26 | 19 | |
| Wages | £10,646,000 | £10,549,000 |
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 | 95.4% | 97.1% | |
| Net margin | 97.6% | 100.0% | |
| Gearing (liabilities / total assets) | 0.9% | 0.4% | |
| Current ratio | 107.02x | 196.63x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis of accounting. The members have a reasonable expectation that the LLP has adequate resources to implement its growth plans, continue in operational existence and meet its liabilities as they fall due for at least the period extending to 30 September 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
32 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GERKO, Alexander | Llp Designated Member | 2015-01-30 | Dec 1979 | — |
| XTX MEMBER LIMITED | Corporate Llp Designated Member | 2015-01-30 | — | — |
| ALTUKHOV, Dmitrii | Llp Member | 2019-04-06 | Mar 1992 | — |
| ARJONA MARTINEZ, Jesus | Llp Member | 2025-12-05 | May 1998 | — |
| BALDUZZI, David | Llp Member | 2020-09-01 | Aug 1977 | — |
| BEDNY, Yuri | Llp Member | 2015-07-01 | Jul 1985 | — |
| BELONOGOV, Ivan | Llp Member | 2024-04-01 | Apr 1995 | — |
| BEREZA, Paul Andrew | Llp Member | 2015-07-01 | Jul 1986 | — |
| CHEN, Chuanye | Llp Member | 2026-04-06 | Apr 2000 | — |
| GOUTAGNY, Maxime | Llp Member | 2020-04-06 | Feb 1986 | — |
| HUANG, Ruitong | Llp Member | 2024-04-01 | Nov 1986 | — |
| KHABIBULLIN, Renat | Llp Member | 2015-07-01 | Dec 1987 | — |
| KOBOTAEV, Nikita | Llp Member | 2020-04-06 | Aug 1989 | — |
| KOROSTELEV, Ivan | Llp Member | 2024-12-01 | Mar 1987 | — |
| KURSHEV, Alexander | Llp Member | 2015-07-01 | Dec 1979 | — |
| LEAHY, Joshua | Llp Member | 2015-07-01 | Jul 1989 | — |
| LEDGER, Sean | Llp Member | 2020-04-06 | May 1989 | — |
| MAZZOLI, Francesco | Llp Member | 2023-07-01 | Nov 1990 | — |
| METCALFE, Jacob Peter | Llp Member | 2015-07-01 | Aug 1986 | — |
| MIGITA, Alexander | Llp Member | 2015-07-01 | Dec 1982 | — |
| MORRILL, James Henry | Llp Member | 2024-04-01 | Feb 1995 | — |
| PODOPRIKHIN, Dmitrii | Llp Member | 2020-04-06 | Feb 1993 | — |
| PONCET, Romain | Llp Member | 2025-12-08 | Jul 1990 | — |
| PUZAR, Lovro | Llp Member | 2023-07-01 | Sep 1985 | — |
| RAFIEE, Siam | Llp Member | 2020-04-06 | Mar 1986 | — |
| ROSSER, Thomas Francis | Llp Member | 2015-07-01 | Oct 1973 | — |
| SISLO, Leonid | Llp Member | 2024-04-01 | Oct 1985 | — |
| SOLLA PAULA, Ignacio | Llp Member | 2022-08-01 | Mar 1986 | — |
| TANG, Chi Hong | Llp Member | 2018-04-06 | Aug 1985 | — |
| VANSLOV, Evgenii | Llp Member | 2025-04-01 | Jul 1992 | — |
| VERESHCHETIN, Igor | Llp Member | 2015-07-01 | Mar 1986 | — |
| VITORIA, Pedro Miguel Almeida Serra Costa | Llp Member | 2015-07-01 | Nov 1987 | — |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ATKINS, Stephan Paul | Llp Member | 2015-07-01 | 2023-06-18 |
| CAWLEY, Peter | Llp Member | 2016-05-03 | 2025-09-04 |
| DZIEPAK, Pawel | Llp Member | 2022-06-01 | 2025-10-23 |
| GAINULLIN, Fjodor | Llp Member | 2017-10-15 | 2026-04-16 |
| HOWSON, Philip | Llp Member | 2015-07-01 | 2018-03-17 |
| SAMKO, Valentine | Llp Member | 2018-06-01 | 2021-06-15 |
| SHAKIN, Dmitry | Llp Member | 2015-07-01 | 2025-10-04 |
| SHUCKSMITH, Christopher Darren | Llp Member | 2015-07-01 | 2019-01-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Xtx Member Limited | Corporate entity | voting-rights-50-to-75-percent-limited-liability-partnership | 2016-04-06 | Active |
| Mr Alexander Gerko | Individual | right-to-appoint-and-remove-members-limited-liability-partnership | 2016-04-06 | Active |
Filing timeline
Last 20 of 81 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2026-04-14 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2026-04-10 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-01-30 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-10 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2025-12-09 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2025-11-03 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-10-06 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-09-05 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-08-22 | AA | accounts | Accounts with accounts type full | |
| 2025-04-01 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2025-02-03 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-02 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2024-08-05 | AA | accounts | Accounts with accounts type full | |
| 2024-04-02 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2024-04-02 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2024-04-02 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2024-04-02 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2024-01-30 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-27 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 4
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
+67.4%
£764,982,000 £1,280,683,000
-
Cash
+130.7%
£107,862,000 £248,784,000
-
Net assets
+56.2%
£994,982,000 £1,553,945,000
-
Employees
-26.9%
26 19
-
Operating profit
+70.4%
£729,956,000 £1,243,997,000
-
Profit before tax
+71.5%
£746,635,000 £1,280,346,000
-
Wages
-0.9%
£10,646,000 £10,549,000
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