SMARKETS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-14 (in 6mo)
Last made up 2025-10-31
Watchouts
None on the register
Cash
£32M
+6.5% vs 2023
Net assets
£18M
+3,624.7% vs 2023
Employees
89
-2.2% vs 2023
Profit before tax
£16M
+716% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £20,997,000 | £24,830,000 | |
| Operating profit | £1,087,000 | £15,139,000 | |
| Profit before tax | £1,999,000 | £16,312,000 | |
| Net profit | £2,666,000 | £17,159,000 | |
| Cash | £30,085,000 | £32,044,000 | |
| Total assets less current liabilities | £473,000 | £17,618,000 | |
| Net assets | £473,000 | £17,618,000 | |
| Equity | £473,000 | £17,618,000 | |
| Average employees | 91 | 89 | |
| Wages | £7,311,000 | £6,036,000 | |
| Directors' remuneration | £210,000 | £1,224,000 |
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
-
Turnover
+18.3%
£20,997,000 £24,830,000
-
Cash
+6.5%
£30,085,000 £32,044,000
-
Net assets
+3,624.7%
£473,000 £17,618,000
-
Employees
-2.2%
91 89
-
Operating profit
+1,292.7%
£1,087,000 £15,139,000
-
Profit before tax
+716%
£1,999,000 £16,312,000
-
Wages
-17.4%
£7,311,000 £6,036,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 5.2% | 61.0% | |
| Net margin | 12.7% | 69.1% | |
| Return on capital employed | 229.8% | 85.9% | |
| Gearing (liabilities / total assets) | 98.7% | 57.0% | |
| Current ratio | 0.91x | 1.55x | |
| Interest cover | 16.72x | 445.26x |
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
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Director has had, at the time of approving the financial statements, a reasonable expectation that the Group had adequate resources to continue operating for at least 12 months from the date of approval of the financial statements. Accordingly, the Director continues considers it appropriate to adopt the going concern basis in preparing the financial statements.”
Group structure
- SMARKETS LIMITED · parent
- Hanson Applied Sciences Limited 100%
- Smarkets Holdings (Malta) Limited 100%
- Smarkets (Clients) Limited 100%
- Smarkets Holdings (USA) Inc. 100%
- Smarkets (Malta) Limited 100%
- Smarkets Inc. 100%
- Smarkets USA Op Co 100%
- OddsIndex Holdings, LLC 100%
- Oddsindex, LLC 100%
- Hanson Applied Sciences II Limited 100%
Significant events
- “In April 2025, the Group received a fully favourable ruling from the competent tax court regarding a tax provision (see note 23).”
- “In August 2025, new US entities were incorporated in anticipation of re-entering the United States market.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TROST, Jason Reinert | Secretary | 2008-02-01 | — | American |
| TROST, Jason Reinert | Director | 2008-02-01 | Dec 1980 | American |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAMMONDS SECRETARIES LIMITED | Corporate Secretary | 2008-01-17 | 2008-02-01 |
| DIGHERO, Robert Simon | Director | 2013-02-04 | 2019-07-17 |
| MORRIS, Hunter John | Director | 2008-02-01 | 2012-12-12 |
| VENTO, Vicente | Director | 2018-06-13 | 2019-07-17 |
| WILKHU, Randeep Singh | Director | 2013-02-04 | 2018-06-13 |
| HAMMONDS DIRECTORS LIMITED | Corporate Director | 2008-01-17 | 2008-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jason Reinert Trost | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 120 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-03-14 MA Memorandum articles
- 2023-03-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type group | |
| 2024-11-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-23 | AA | accounts | Accounts with accounts type group | |
| 2024-03-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-15 | ANNOTATION | |||
| 2023-11-15 | SH03 | capital | Capital return purchase own shares | |
| 2023-11-15 | SH03 | capital | Capital return purchase own shares | |
| 2023-10-18 | AA | accounts | Accounts with accounts type group | |
| 2023-03-23 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-03-14 | MA | incorporation | Memorandum articles | |
| 2023-03-14 | RESOLUTIONS | resolution | Resolution | |
| 2023-02-21 | AA | accounts | Accounts with accounts type group | |
| 2023-02-13 | CS01 | confirmation-statement | Confirmation statement | |
| 2022-05-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-03-24 | SH01 | capital | Capital allotment shares | |
| 2022-03-24 | SH01 | capital | Capital allotment shares | |
| 2022-03-04 | SH01 | capital | Capital allotment shares | |
| 2022-02-04 | AA | accounts | Accounts with accounts type group | |
| 2021-06-18 | CS01 | confirmation-statement | Confirmation statement with updates |
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.