TRUETIDE PLC
Get an alert when TRUETIDE PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-21 (in 11mo)
Last made up 2026-04-07
Watchouts
None on the register
Cash
£64K
-96.3% vs 2024
Net assets
£2M
-31.4% vs 2024
Employees
5
0% vs 2024
Profit before tax
-£1M
+86.7% vs 2024
Name history
Renamed 1 time since incorporation
- TRUETIDE PLC 2025-10-09 → present
- BRAVEHEART INVESTMENT GROUP PLC 2003-04-07 → 2025-10-09
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £60,896 | £20,500 | |
| Operating profit | -£8,207,417 | -£1,122,421 | |
| Profit before tax | -£8,193,316 | -£1,088,901 | |
| Net profit | -£7,249,266 | -£1,088,901 | |
| Cash | £1,742,315 | £63,671 | |
| Total assets less current liabilities | £3,397,326 | £2,329,504 | |
| Net assets | £3,397,326 | £2,329,504 | |
| Equity | £3,397,326 | £2,329,504 | |
| Average employees | 5 | 5 | |
| Wages | £427,451 | £294,678 |
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 |
|---|---|---|---|
| Operating margin | -13477.8% | -5475.2% | |
| Net margin | -11904.3% | -5311.7% | |
| Return on capital employed | -241.6% | -48.2% | |
| Gearing (liabilities / total assets) | 3.0% | 2.4% | |
| Current ratio | 17.74x | 2.01x | |
| Interest cover | -2936.46x | -377.79x |
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
- Consolidated group
- Auditor
- MAH, Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors, having reviewed the Group's and Company's budgets and plans, taking account of reasonably possible changes in trading performance, have a reasonable expectation that the Group and the Company have adequate resources to continue in operational existence for the foreseeable future and that it is therefore appropriate to continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- TRUETIDE PLC · parent
- Truetide Limited 100%
- Braveheart Academic Seed Funding GP Limited 100%
- Ridings Holdings Limited 100%
- The Ridings Early Growth Investment Company Limited 100%
- Paraytec Limited 100%
- Kirkstall Limited 86%
Significant events
- “Acquired a 29.51% stake in Imaging Biometrics plc, which recently reported the launch of its Al software and preliminary results from a phase 1 clinical trial.”
- “Post year end fundraise of £295k before expenses.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GBAC LIMITED | Corporate Secretary | 2018-02-01 | — | — |
| BROWN, Trevor Edward | Director | 2014-04-01 | Jun 1946 | British |
| HALLAM, Vivian David | Director | 2017-06-07 | Sep 1958 | British |
| LI, Qu, Dr | Director | 2021-06-16 | Oct 1963 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, Aileen | Secretary | 2012-01-26 | 2015-04-20 |
| BROWN, Kevin Christie | Secretary | 2015-04-20 | 2016-03-31 |
| GRANT, Colin Craigie | Secretary | 2008-10-15 | 2012-01-09 |
| SMITH, Carolyn | Secretary | 2003-07-01 | 2008-10-15 |
| 1924 NOMINEES LTD | Corporate Secretary | 2003-04-07 | 2003-07-01 |
| WATSON MORGAN ASSOCIATES LIMITED | Corporate Secretary | 2016-04-01 | 2018-02-01 |
| BOWLES, Martin Andrew | Director | 2014-10-01 | 2016-03-02 |
| BROWN, Aileen | Director | 2012-01-31 | 2015-04-20 |
| BROWN, John Kenneth | Director | 2007-09-12 | 2015-03-31 |
| BURTON, Andrew Thomas Guy | Director | 2015-09-24 | 2017-09-01 |
| CUNNINGHAM, Edward Brandwood | Director | 2003-07-01 | 2013-09-26 |
| DELMAR-MORGAN, Jeremy | Director | 2008-06-03 | 2016-07-31 |
| FREEMAN, Jonathan David | Director | 2015-08-21 | 2021-03-29 |
| GRANT, Colin Craigie | Director | 2008-10-15 | 2012-01-09 |
| HAGAN, Susan Anne, Dr | Director | 2021-05-18 | 2025-12-31 |
| MACPHERSON, Agnes Lawrie Addie Shonaig | Director | 2005-10-01 | 2008-09-10 |
| SMITH, Carolyn | Director | 2006-03-14 | 2015-05-06 |
| THOMSON, Geoffrey Charles Byars | Director | 2003-04-08 | 2015-08-21 |
| THREIPLAND, Andrew Murray | Director | 2003-07-01 | 2004-02-05 |
| TURNER, Donald Ian | Director | 2004-02-28 | 2008-09-10 |
| WATSON, Garry Sanderson | Director | 2003-07-01 | 2013-03-31 |
| 1924 DIRECTORS LIMITED | Corporate Director | 2003-04-07 | 2003-07-01 |
| ARCHIBALD CAMPBELL & HARLEY | Corporate Director | 2003-04-07 | 2003-04-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Trevor Edward Brown | Individual | Shares 25–50%, Voting 25–50% | 2024-11-29 | Active |
| Mr Trevor Edward Brown | Individual | Shares 25–50% | 2017-06-26 | Ceased 2020-06-30 |
Filing timeline
Last 20 of 208 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-09 CERTNM Certificate change of name company
- 2025-10-09 RESOLUTIONS Resolution
- 2024-08-07 RESOLUTIONS Resolution
- 2023-08-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-09 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-10-09 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-13 | AA | accounts | Accounts with accounts type group | |
| 2025-08-06 | SH01 | capital | Capital allotment shares | |
| 2025-08-06 | SH01 | capital | Capital allotment shares | |
| 2025-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-10 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-08-07 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-26 | AA | accounts | Accounts with accounts type group | |
| 2024-04-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-14 | AA | accounts | Accounts with accounts type group | |
| 2023-08-22 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-10 | SH01 | capital | Capital allotment shares | |
| 2022-09-28 | SH01 | capital | Capital allotment shares | |
| 2022-09-16 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2022-08-22 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 1
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
-
Turnover
-66.3%
£60,896 £20,500
-
Cash
-96.3%
£1,742,315 £63,671
-
Net assets
-31.4%
£3,397,326 £2,329,504
-
Employees
0%
5 5
-
Operating profit
+86.3%
-£8,207,417 -£1,122,421
-
Profit before tax
+86.7%
-£8,193,316 -£1,088,901
-
Wages
-31.1%
£427,451 £294,678
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