TRUE CAPITAL LTD
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-03 (in 11mo)
Last made up 2026-03-20
Watchouts
None on the register
Cash
£435K
-73.1% vs 2024
Net assets
£1M
+4.8% vs 2024
Employees
37
-7.5% vs 2024
Profit before tax
£3M
+7.4% vs 2024
Net assets
10-year trend · vs Industrials median
Accounts
10-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | — | £11,416,735 | £11,751,420 | |
| Operating profit | — | — | — | — | — | — | — | — | £2,492,269 | £2,676,783 | |
| Profit before tax | — | — | — | — | — | — | — | — | £2,503,533 | £2,689,703 | |
| Net profit | £878,865 | — | £1,283,290 | — | £3,043,126 | — | £2,242,346 | — | £1,772,949 | £1,962,906 | |
| Cash | £690,121 | — | £122,357 | — | £385,923 | — | £275,583 | — | £1,614,767 | £434,969 | |
| Total assets less current liabilities | £1,780,866 | — | £1,811,589 | — | £2,098,986 | — | £1,748,111 | — | £1,841,654 | £1,707,583 | |
| Net assets | £1,706,866 | — | £1,800,156 | — | £2,013,282 | — | £1,700,133 | — | £1,306,309 | £1,369,215 | |
| Equity | £1,706,866 | £1,706,866 | £1,800,156 | £1,800,156 | £2,013,282 | £2,013,282 | £1,700,133 | £1,700,133 | £1,306,309 | £1,369,215 | |
| Average employees | — | — | — | — | 32 | — | — | — | 40 | 37 | |
| Wages | — | — | — | — | — | — | — | — | £4,881,454 | £4,969,595 | |
| Directors' remuneration | — | — | — | — | — | — | — | — | £486,271 | £489,124 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+2.9%
£11,416,735 £11,751,420
-
Cash
-73.1%
£1,614,767 £434,969
-
Net assets
+4.8%
£1,306,309 £1,369,215
-
Employees
-7.5%
40 37
-
Operating profit
+7.4%
£2,492,269 £2,676,783
-
Profit before tax
+7.4%
£2,503,533 £2,689,703
-
Wages
+1.8%
£4,881,454 £4,969,595
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 21.8% | 22.8% | |
| Net margin | — | — | — | — | — | — | — | — | 15.5% | 16.7% | |
| Return on capital employed | — | — | — | — | — | — | — | — | 135.3% | 156.8% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | — | 82.9% | 72.9% | |
| Current ratio | — | — | — | — | — | — | — | — | 1.01x | 1.12x | |
| Interest cover | — | — | — | — | — | — | — | — | 155.69x | 178.57x |
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.
Name history
Renamed 1 time since incorporation
- TRUE CAPITAL LTD 2008-01-03 → present
- MOGUL LIMITED 2003-03-20 → 2008-01-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- FLB Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- TRUE CAPITAL LTD · parent
- Truestart Limited 100%
Significant events
- “There have been no significant events affecting the Group since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TRUMAN, Matthew Arthur | Secretary | 2003-03-20 | — | British |
| COCKER, Paul Andrew | Director | 2008-06-16 | May 1979 | British |
| MERGLER, Richard David | Director | 2017-02-17 | Oct 1964 | British |
| PEARSON, William James | Director | 2017-08-02 | Feb 1976 | British |
| TRUMAN, Matthew Arthur | Director | 2003-03-20 | May 1979 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 2003-03-20 | 2003-03-20 |
| MILLWARD, John Andrew James | Director | 2003-03-20 | 2007-01-05 |
| COMPANY DIRECTORS LIMITED | Corporate Nominee Director | 2003-03-20 | 2003-03-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Paul Andrew Cocker | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Mr Matthew Arthur Truman | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 97 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-23 | CH01 | officers | Change person director company with change date | |
| 2025-12-12 | AA | accounts | Accounts with accounts type group | |
| 2025-04-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-19 | AA | accounts | Accounts with accounts type group | |
| 2024-07-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-05 | AA | accounts | Accounts with accounts type group | |
| 2023-07-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-21 | AA | accounts | Accounts with accounts type group | |
| 2022-10-27 | SH01 | capital | Capital allotment shares | |
| 2022-04-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-03-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-01-30 | CH01 | officers | Change person director company with change date | |
| 2022-01-30 | CH01 | officers | Change person director company with change date | |
| 2022-01-30 | CH01 | officers | Change person director company with change date | |
| 2022-01-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-12-16 | AA | accounts | Accounts with accounts type group | |
| 2021-10-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.