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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-12-06 (in 7mo)

Last made up 2025-11-22

Watchouts

None on the register

Cash

£19M

-37.8% vs 2023

Net assets

£47M

+13.9% vs 2023

Employees

129

+15.2% vs 2023

Profit before tax

-£467K

-112.1% vs 2023

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £15,104,667£5,002,760
Operating profit £4,666,540£2,008,893
Profit before tax £3,862,640-£467,377
Net profit £3,067,246-£467,377
Cash £29,771,335£18,510,018
Total assets less current liabilities £41,264,351£47,011,772
Net assets £41,264,351£47,011,772
Equity £41,264,351£47,011,772
Average employees 112129
Wages £59,835,200£48,549,431
Directors' remuneration £2,750,709£809,920

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

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

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 2023-12-312024-12-31
Operating margin 30.9%40.2%
Net margin 20.3%-9.3%
Return on capital employed 11.3%4.3%
Gearing (liabilities / total assets) 84.1%83.1%
Current ratio 5.48x8.76x
Interest cover 0.70x0.21x

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

  1. TOWER RESEARCH CAPITAL EUROPE LIMITED 2017-05-02 → present
  2. SPIRE EUROPE LIMITED 2006-11-22 → 2017-05-02

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
RSM UK Audit LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The directors have adopted the going concern basis in preparing these financial statements having given due consideration to the capital and liquidity ratios and associated requirements. The risk and finance functions at the Company perform various capital and liquidity stress tests to gain comfort that the Company has sufficient capital and liquid resources to carry on its business for the next 12 months. The directors are confident that the Company maintains adequate capital and liquid resources to continue in operational existence for at least 12 months from the date of approval of these financial statements.”

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

4 active · 17 resigned

Name Role Appointed Born Nationality
TMF CORPORATE ADMINISTRATION SERVICES LIMITED Corporate Secretary 2023-09-08
BRAGAZZI, Marco Director 2015-12-15 Dec 1979 British
FRANZEN, Brian Julian Director 2020-12-18 May 1975 American
ROYET, Denis Jacques Jocelyn Director 2016-01-04 May 1973 French
Show 17 resigned officers
Name Role Appointed Resigned
UNDERWOOD, Nicholas Secretary 2006-11-22 2014-10-08
HACKWOOD SECRETARIES LIMITED Corporate Secretary 2015-02-02 2023-08-31
BONNER-FOMES, Natasha Natalie Director 2016-09-06 2019-02-28
BOWERS, Adrian John Director 2008-01-14 2008-06-20
BUCKLEY, Peter Arthur Director 2006-11-22 2008-10-15
CAPPUCCINO, Angela Teresa Director 2019-01-07 2021-08-01
CHOI, Sandy Director 2008-10-15 2012-05-10
ELLIS, David Arthur Director 2015-12-15 2020-09-22
GORTON, Mark Howard Director 2006-11-22 2017-02-03
HILL, Matthew John Director 2008-06-23 2011-03-07
MCGRATH, Alistair Stuart Director 2019-01-07 2021-12-28
MCGROARTY, Alan Director 2013-07-02 2023-03-17
NIQUET, Nicolas Director 2010-09-14 2012-09-10
PAPATSOS, John Director 2017-02-03 2019-02-14
PATEL, Jeetan Director 2012-05-14 2014-08-15
TOLLER, Thomas Hans Director 2011-03-07 2013-07-02
UNDERWOOD, Nicholas Director 2008-10-15 2014-10-08

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr Mark Howard Gorton Individual Shares 25–50%, Voting 25–50% 2016-04-06 Active

Filing timeline

Last 20 of 121 total filings

Date Type Category Description
2026-02-11 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-12-05 PSC04 persons-with-significant-control Change to a person with significant control PDF
2025-10-07 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-09-12 AA accounts Accounts with accounts type full
2024-11-25 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-10-03 AA accounts Accounts with accounts type full
2024-05-23 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2023-12-27 AP04 officers Appoint corporate secretary company with name date PDF
2023-12-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-09-22 AA accounts Accounts with accounts type full
2023-09-18 AD02 address Change sail address company with old address new address PDF
2023-08-31 TM02 officers Termination secretary company with name termination date PDF
2023-03-29 TM01 officers Termination director company with name termination date PDF
2022-11-28 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-09-12 AA accounts Accounts with accounts type full
2021-12-29 TM01 officers Termination director company with name termination date PDF
2021-11-25 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-10-03 AAMD accounts Accounts amended with accounts type full
2021-09-14 AA accounts Accounts with accounts type full
2021-08-02 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page