SYSTEM 2 CAPITAL LLP
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-22 (in 5mo)
Last made up 2025-10-08
Watchouts
None on the register
Cash
£155K
Latest balance sheet
Net assets
£774K
Equity attributable
Employees
5
Average over period
Profit before tax
£5M
Period ending 2025-03-31
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £4,294,560 | £7,158,315 | |
| Operating profit | — | — | |
| Profit before tax | £3,124,822 | £4,925,972 | |
| Net profit | £2,616,697 | £4,519,472 | |
| Cash | £152,114 | £154,573 | |
| Total assets less current liabilities | £407,777 | £774,449 | |
| Net assets | £407,777 | £774,449 | |
| Equity | £407,777 | £774,449 | |
| Average employees | 1 | 5 | |
| Wages | £124,660 | £1,004,176 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Net margin | 60.9% | 63.1% | |
| Gearing (liabilities / total assets) | 16.7% | 7.9% | |
| Current ratio | 5.79x | 12.33x |
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
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The LLP has adequate financial resources and as a consequence, the members believe that the LLP is well placed to manage its business risks successfully. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence, and meet its liabilities as they fall due, for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the members' report and financial statements.”
Significant events
- “On 18 November 2024, the Company's auditors changed their name from Haysmacintyre LLP to HaysMac LLP.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OLDFIELD, Sean | Llp Designated Member | 2018-10-09 | Jan 1977 | — |
| VENEZIANI, Massimiliano | Llp Designated Member | 2019-05-07 | Sep 1967 | — |
| BREWER, Daniel | Llp Member | 2019-04-29 | Sep 1988 | — |
| MACDONALD, Luke Robert | Llp Member | 2019-05-13 | Jan 1980 | — |
| MORBEY, Oliver Jack Chadwick | Llp Member | 2019-04-30 | Jan 1988 | — |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OLDFIELD, Tara | Llp Designated Member | 2018-10-09 | 2021-05-24 |
| BAKKER, Peter Robert Stefanus | Llp Member | 2019-05-01 | 2019-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Sean Oldfield | Individual | voting-rights-75-to-100-percent-limited-liability-partnership, right-to-share-surplus-assets-75-to-100-percent-limited-liability-partnership | 2018-10-09 | Active |
Filing timeline
Last 20 of 28 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-24 | AA | accounts | Accounts with accounts type full | |
| 2025-10-08 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-29 | AA | accounts | Accounts with accounts type full | |
| 2024-04-11 | LLAA01 | accounts | Change account reference date limited liability partnership | |
| 2023-10-16 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-10-12 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-12-31 | AA | accounts | Accounts with accounts type micro entity | |
| 2021-10-13 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-26 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2021-05-25 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2021-05-25 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2021-05-25 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2020-11-17 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-21 | AA | accounts | Accounts with accounts type micro entity | |
| 2019-10-28 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-12 | LLAA01 | accounts | Change account reference date limited liability partnership current extended | |
| 2019-07-31 | LLTM01 | officers | Termination member limited liability partnership with name termination date |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31