TRADESHIFT NETWORK LTD
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-31
Confirmation statement due
2026-12-17 (in 7mo)
Last made up 2025-12-03
Watchouts
None on the register
Cash
£2M
-32.6% vs 2024
Net assets
-£8M
-20.2% vs 2024
Employees
43
-12.2% vs 2024
Profit before tax
-£862K
-124.7% vs 2024
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-01-31
| Metric | Trend | 2024-01-31 | 2025-01-31 |
|---|---|---|---|
| Turnover | £17,891,462 | £13,651,789 | |
| Operating profit | £3,489,737 | -£878,964 | |
| Profit before tax | £3,492,288 | -£862,113 | |
| Net profit | £3,078,601 | -£995,576 | |
| Cash | £2,636,662 | £1,776,175 | |
| Total assets less current liabilities | — | — | |
| Net assets | -£6,866,503 | -£8,255,525 | |
| Equity | -£6,866,503 | -£8,255,525 | |
| Average employees | 49 | 43 | |
| Wages | £6,320,923 | £5,803,651 | |
| Directors' remuneration | £15,028 | £689,128 |
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 2025-01-31 vs 2024-01-31
-
Turnover
-23.7%
£17,891,462 £13,651,789
-
Cash
-32.6%
£2,636,662 £1,776,175
-
Net assets
-20.2%
-£6,866,503 -£8,255,525
-
Employees
-12.2%
49 43
-
Operating profit
-125.2%
£3,489,737 -£878,964
-
Profit before tax
-124.7%
£3,492,288 -£862,113
-
Wages
-8.2%
£6,320,923 £5,803,651
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 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|
| Operating margin | 19.5% | -6.4% | |
| Net margin | 17.2% | -7.3% | |
| Current ratio | 0.80x | 0.77x | |
| Interest cover | 6299.16x | -743.00x |
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
- TRADESHIFT NETWORK LTD 2010-02-17 → present
- PORTA LIMITED 2009-09-07 → 2010-02-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Forvis Mazars
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The group has experienced recurring losses, negative cash flows, and relied on additional funding. These conditions raised substantial doubt. However, a significant restructuring programme and an amendment with convertible note holders have mitigated these concerns. Management concludes that preparing financial statements on a going concern basis is appropriate.”
Group structure
- TRADESHIFT NETWORK LTD · parent
- Tradeshift AB 100%
- Tradeshift AS 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAGAN, Jonathan Patrick | Director | 2024-12-13 | Sep 1975 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALCHIN, Iain Mark, Secretary | Secretary | 2024-02-23 | 2024-06-26 |
| TATE, Ryan | Secretary | 2023-01-30 | 2023-07-31 |
| LANNG, Christian | Director | 2009-09-07 | 2024-01-10 |
| STIRK, James Edward | Director | 2024-01-22 | 2024-12-13 |
| TATE, Ryan | Director | 2023-04-28 | 2023-07-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 77 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | AA | accounts | Accounts with accounts type group | |
| 2026-04-01 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-03-31 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-10 | AA | accounts | Accounts with accounts type group | |
| 2024-12-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-16 | AA | accounts | Accounts with accounts type group | |
| 2024-09-10 | AA | accounts | Accounts with accounts type group | |
| 2024-08-07 | AA | accounts | Accounts with accounts type group | |
| 2024-06-26 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-11-22 | DISS40 | gazette | Gazette filings brought up to date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.