WATERFALL ASSET MANAGEMENT (UK) LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-01 (in 10mo)
Last made up 2026-02-15
Watchouts
None on the register
Cash
£1M
+12% vs 2023
Net assets
£8M
+25.6% vs 2023
Employees
9
-18.2% vs 2023
Profit before tax
£7M
+192.4% 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 | £8,302,338 | £15,710,445 | |
| Operating profit | £2,162,621 | £6,369,296 | |
| Profit before tax | £2,224,606 | £6,504,048 | |
| Net profit | £903,741 | £1,701,219 | |
| Cash | £1,133,337 | £1,269,172 | |
| Total assets less current liabilities | £7,144,587 | £8,414,049 | |
| Net assets | £6,649,322 | £8,350,540 | |
| Equity | £6,649,322 | £8,350,540 | |
| Average employees | 11 | 9 | |
| Wages | £4,864,928 | £6,670,942 |
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 | 26.0% | 40.5% | |
| Net margin | 10.9% | 10.8% | |
| Return on capital employed | 30.3% | 75.7% | |
| Gearing (liabilities / total assets) | 40.8% | 57.1% | |
| Current ratio | 2.51x | 1.71x |
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
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the period of least the next 12 months since approval of these financial statements and that there are no material uncertainties that lead to significant doubt upon the LLP's ability to continue as a going concern.”
Group structure
- WATERFALL ASSET MANAGEMENT (UK) LLP · parent
- Waterfall Asset Management (Cyprus) Ltd
Significant events
- “Terrorism, war, military confrontations and related geopolitical events have led, and may in the future lead, to increased short-term market volatility and have adverse long-term effects on world economies. For example, Russia launched a large-scale invasion of Ukraine on February 24, 2022. Additionally, the ongoing conflict between Israel and Hamas, which escalated in October 2023, has contributed to regional instability, disrupted trade flows, and further uncertainty into global energy markets.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CUBY, James Alexis | Llp Designated Member | 2016-02-16 | Nov 1973 | — |
| WATERFALL ASSET MANAGEMENT HOLDINGS (UK) LIMITED | Corporate Llp Designated Member | 2016-02-16 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MALMER, Hans Henrik | Llp Member | 2016-04-13 | 2020-08-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Waterfall Asset Management Holdings (Uk) Limited | Corporate entity | voting-rights-75-to-100-percent-limited-liability-partnership, right-to-share-surplus-assets-75-to-100-percent-limited-liability-partnership, right-to-appoint-and-remove-members-limited-liability-partnership | 2016-04-06 | Active |
| Mr James Alexis Cuby | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Active |
| Jack Jay Ross | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Active |
| Thomas Edward Capasse | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Active |
Filing timeline
Last 20 of 30 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-24 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | AA | accounts | Accounts with accounts type group | |
| 2025-02-27 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-06 | AA | accounts | Accounts with accounts type group | |
| 2024-02-27 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-02-17 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-08 | AA | accounts | Accounts with accounts type full | |
| 2022-02-16 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-10 | AA | accounts | Accounts with accounts type full | |
| 2021-02-17 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-30 | AA | accounts | Accounts with accounts type full | |
| 2020-08-24 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2020-08-21 | LLPSC01 | persons-with-significant-control | Notification of a person with significant control limited liability partnership | |
| 2020-08-21 | LLPSC01 | persons-with-significant-control | Notification of a person with significant control limited liability partnership | |
| 2020-08-21 | LLPSC02 | persons-with-significant-control | Notification of a person with significant control limited liability partnership | |
| 2020-08-21 | LLPSC01 | persons-with-significant-control | Notification of a person with significant control limited liability partnership | |
| 2020-08-21 | LLPSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement limited liability partnership | |
| 2020-08-21 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2020-02-24 | LLCS01 | confirmation-statement | Confirmation statement with no updates |
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
+89.2%
£8,302,338 £15,710,445
-
Cash
+12%
£1,133,337 £1,269,172
-
Net assets
+25.6%
£6,649,322 £8,350,540
-
Employees
-18.2%
11 9
-
Operating profit
+194.5%
£2,162,621 £6,369,296
-
Profit before tax
+192.4%
£2,224,606 £6,504,048
-
Wages
+37.1%
£4,864,928 £6,670,942
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