PRIMARYBID LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-15 (in 1mo)
Last made up 2025-06-01
Watchouts
None on the register
Cash
£51M
-24.7% vs 2024
Net assets
£50M
-25% vs 2024
Employees
91
-40.1% vs 2024
Profit before tax
-£18M
+19.3% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £1,504,985 | £1,489,262 | |
| Operating profit | -£24,972,131 | -£20,326,412 | |
| Profit before tax | -£22,134,006 | -£17,862,580 | |
| Net profit | -£21,518,209 | -£17,072,330 | |
| Cash | £67,134,692 | £50,565,351 | |
| Total assets less current liabilities | £66,948,089 | £50,204,953 | |
| Net assets | £66,948,089 | £50,225,270 | |
| Equity | £66,948,089 | £50,225,270 | |
| Average employees | 152 | 91 | |
| Wages | £16,128,462 | £12,687,602 | |
| Directors' remuneration | £1,144,639 | £876,167 |
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
-1%
£1,504,985 £1,489,262
-
Cash
-24.7%
£67,134,692 £50,565,351
-
Net assets
-25%
£66,948,089 £50,225,270
-
Employees
-40.1%
152 91
-
Operating profit
+18.6%
-£24,972,131 -£20,326,412
-
Profit before tax
+19.3%
-£22,134,006 -£17,862,580
-
Wages
-21.3%
£16,128,462 £12,687,602
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Return on capital employed | -37.3% | -40.5% | |
| Current ratio | 24.48x | 22.28x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- PRIMARYBID LIMITED 2015-09-23 → present
- FTG FINANCE SERVICES LIMITED 2012-06-01 → 2015-09-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These accounts have been prepared on a going concern basis as the Group has cash reserves that are sufficient to sustain anticipated losses for at least one year after these financial statements are signed.”
Group structure
- PRIMARYBID LIMITED · parent
- PrimaryBid SA 99.9%
- PrimaryBid Technologies Inc. 100%
- PrimaryBid Securities Inc. 100%
Significant events
- “During the year 31 March 2025 the company established a second wholly owned subsidiary in the US: PrimaryBid Securities Inc and PrimaryBid Inc was renamed to PrimaryBid Technologies Inc.”
- “In October 2024, SoFi Technologies, Inc. ("SoFi") and PrimaryBid Technologies Inc. announced a partnership to launch an advanced Directed Share Platform (DSP) that offers a modern and streamlined approach to equity program management for companies looking to raise capital in the U.S.”
- “In February 2025, the Company initiated a wind-down plan to cancel its FCA Part 4A permissions, signifying its strategic decision to cease UK-regulated activities. The Company decided to cancel these permissions to focus on the global provision of technology services to regulated financial institutions.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| D'SILVA, Kieran | Director | 2014-11-24 | Dec 1986 | British |
| O'REILLY, Philip | Director | 2026-04-24 | Jan 1984 | Irish |
| SAMBASIVAN, Anand | Director | 2017-01-17 | Jan 1980 | British |
| TOLIA, Nirav Nalin | Director | 2022-12-30 | Nov 1971 | American |
| WALKER, Charles | Director | 2020-11-06 | Aug 1983 | British |
| WANG, Yexiao | Director | 2023-04-17 | Oct 1991 | Chinese |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WARRENDER, Neil Robert | Secretary | 2016-04-29 | 2023-09-30 |
| ANDERSON, Craig Brian | Director | 2019-09-26 | 2022-03-16 |
| BALLINGER, Tara | Director | 2020-11-06 | 2021-06-30 |
| BRIGGS, Harry Charles David | Director | 2021-06-30 | 2022-03-16 |
| BRYDON, Donald Hood, Sir | Director | 2022-01-01 | 2024-04-30 |
| CARVER, Clive Nathan | Director | 2017-01-17 | 2019-09-02 |
| DA MOTA, Philippe Magalhaes Teixeira | Director | 2022-05-12 | 2022-12-30 |
| DEAL, James Alexander | Director | 2020-08-14 | 2025-02-11 |
| DOEH, Anthony Alexander | Director | 2022-03-16 | 2022-12-13 |
| ELMES, Christian Alexander | Director | 2012-08-28 | 2013-08-07 |
| FORD, Eric Kenelm | Director | 2017-01-17 | 2022-01-01 |
| FORD, Eric Kenelm | Director | 2012-11-13 | 2013-10-14 |
| JAYAKUMAR, Vinoth | Director | 2020-11-06 | 2026-04-24 |
| UITTENBROEK, Derek Hans | Director | 2012-06-01 | 2014-11-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Darwin Strategic Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2017-09-01 |
Filing timeline
Last 20 of 142 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-28 RESOLUTIONS Resolution
- 2025-05-28 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-29 | AA | accounts | Accounts with accounts type group | |
| 2025-06-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-13 | SH01 | capital | Capital allotment shares | |
| 2025-06-13 | SH01 | capital | Capital allotment shares | |
| 2025-06-06 | SH01 | capital | Capital allotment shares | |
| 2025-05-28 | SH01 | capital | Capital allotment shares | |
| 2025-05-28 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-28 | MA | incorporation | Memorandum articles | |
| 2025-04-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-17 | AA | accounts | Accounts with accounts type group | |
| 2024-06-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-14 | SH01 | capital | Capital allotment shares | |
| 2024-06-14 | SH01 | capital | Capital allotment shares | |
| 2024-06-14 | CH01 | officers | Change person director company with change date | |
| 2024-06-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-07 | CH01 | officers | Change person director company with change date | |
| 2024-01-07 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 6
- Officers appointed
- 1
- Officers resigned
- 1
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.