ETRADING SOFTWARE LIMITED
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Cash
£4.1m
-15% vs 2024
Net assets
£13m
+17.9% vs 2024
Employees
40
+2.6% vs 2024
Profit before tax
£1.5m
-60.2% vs 2024
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £16,876,064 | £17,549,271 | +4% | |
| Operating profit | £3,532,662 | £1,470,389 | -58.4% | |
| Profit before tax | £3,852,096 | £1,532,663 | -60.2% | |
| Net profit | £3,419,728 | £1,981,617 | -42.1% | |
| Cash | £4,768,787 | £4,052,765 | -15% | |
| Total assets less current liabilities | £11,144,526 | £12,947,274 | +16.2% | |
| Net assets | £10,890,744 | £12,844,677 | +17.9% | |
| Equity | £10,890,744 | £12,844,677 | +17.9% | |
| Average employees | 39 | 40 | +2.6% | |
| Wages | £4,744,814 | £5,116,906 | +7.8% | |
| Directors' remuneration | £765,300 | £778,334 | +1.7% | |
| Directors' pension contributions | £20,653 | £19,697 | -4.6% | |
| Highest paid director | £250,000 | £250,000 | 0% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 20.9% | 8.4% | |
| Net margin | 20.3% | 11.3% | |
| Return on capital employed | 31.7% | 11.4% | |
| Gearing (liabilities / total assets) | 22.7% | 23.6% | |
| Current ratio | 4.38x | 3.56x | |
| Interest cover | — | 29.86x |
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
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company's financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding, liquidity or support will be more than adequate for the Company's needs.”
Group structure
- ETRADING SOFTWARE LIMITED · parent
- Etrading Software Limited (Philippines) Inc 99.99%
- Etrading Software (Netherlands) BV 100%
- Etrading Software (UK Bond CTP) Limited 100%
Significant events
- “During 2025 there was considerable further investment in developing the Company's pre revenue offerings, being its Consolidated Tapes and Market Data Services business lines, and positioning the company for growth.”
- “On March 2026 Etrading Software Limited (Philippines) Inc, a subsidiary of the Company, approved an increase in its authorised share capital and will issue 499,968 shares at a par value of PHP100 per share.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DANESH-NARUIE, Sassan | Secretary | 2006-06-29 | — | British |
| DANESH-NARUIE, Sassan | Director | 2004-09-22 | Oct 1967 | British |
| HASKELL, James Nicholas | Director | 2022-01-04 | Apr 1979 | British |
| LANE, David James | Director | 2022-01-04 | Nov 1970 | British |
| OLIVER, James Martin | Director | 2023-10-31 | Dec 1970 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DANESH, Alison | Secretary | 2004-09-22 | 2005-08-10 |
| MCLURCAN, Fariba | Secretary | 2005-08-14 | 2006-06-29 |
| REID, Murray Joseph | Director | 2004-09-22 | 2020-10-08 |
| WATERTON, Keith | Director | 2022-01-04 | 2024-05-30 |
| WILSON, Grant Anthony | Director | 2016-08-01 | 2024-05-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tolia Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-12-07 | Active |
| Mr Sassan Danesh-Naruie | Individual | Voting 25–50% | 2020-10-01 | Ceased 2022-12-07 |
| Mr Grant Anthony Wilson | Individual | Voting 25–50% | 2020-10-01 | Ceased 2022-12-07 |
Filing timeline
Last 20 of 109 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-18 | AA | accounts | Accounts with accounts type full | |
| 2026-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-25 | AA | accounts | Accounts with accounts type full | |
| 2025-04-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-27 | CH01 | officers | Change person director company with change date | |
| 2024-08-27 | CH01 | officers | Change person director company with change date | |
| 2024-08-12 | AA | accounts | Accounts with accounts type full | |
| 2024-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-03 | AA01 | accounts | Change account reference date company current extended | |
| 2023-10-13 | AA | accounts | Accounts with accounts type group | |
| 2023-03-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-12-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-12-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
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.