TRUST IN SODA LTD
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Next accounts due
2026-03-23
Overdue
Confirmation statement due
2026-07-30 (in 2mo)
Last made up 2025-07-16
Watchouts
Cash
£276K
+11.2% vs 2022
Net assets
-£3M
-166% lowest in 6 filed years
Employees
37
-28.8% vs 2022
Profit before tax
-£2M
-67.9% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-03-23.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2023-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £11,621,760 | £21,389,787 | £12,877,001 | |
| Operating profit | — | — | — | £15,389 | -£730,936 | -£1,422,674 | |
| Profit before tax | — | — | — | -£132,116 | -£952,249 | -£1,598,356 | |
| Net profit | — | — | — | -£135,079 | -£967,699 | -£1,598,356 | |
| Cash | £290,353 | £194,880 | £543,811 | £1,164,553 | £248,401 | £276,185 | |
| Total assets less current liabilities | £119,217 | £102,197 | £290,137 | £368,922 | -£798,344 | -£2,446,700 | |
| Net assets | £108,109 | — | £290,137 | £155,058 | -£962,641 | -£2,560,997 | |
| Equity | £108,109 | £102,197 | £290,137 | £155,058 | -£962,641 | -£2,560,997 | |
| Average employees | 18 | 15 | 18 | 38 | 52 | 37 | |
| Wages | — | — | — | £2,515,828 | £3,273,151 | £2,057,149 | |
| Directors' remuneration | — | — | — | — | £0 | £49,948 |
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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
-39.8%
£21,389,787 £12,877,001
-
Cash
+11.2%
£248,401 £276,185
-
Net assets
-166%
-£962,641 -£2,560,997
lowest in 5 filed years
-
Employees
-28.8%
52 37
-
Operating profit
-94.6%
-£730,936 -£1,422,674
lowest in 3 filed years
-
Profit before tax
-67.9%
-£952,249 -£1,598,356
lowest in 3 filed years
-
Wages
-37.2%
£3,273,151 £2,057,149
lowest in 3 filed years
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 0.1% | -3.4% | -11.0% | |
| Net margin | — | — | — | -1.2% | -4.5% | -12.4% | |
| Return on capital employed | — | — | — | 4.2% | 91.6% | 58.1% | |
| Current ratio | — | — | — | — | 0.86x | 0.57x | |
| Interest cover | — | — | — | 0.10x | -3.30x | -8.10x |
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
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors recognise that the ongoing economic uncertainty in the United Kingdom and across the world represents a material uncertainty to the future of the economy and casts doubt on the ability of many companies to continue as a going concern. Ilaving considered these impacts and through the preparation of forecasts which have been sensitised to take into account the uncertainty in the global economy and with the funds the wider group has available, the directors consider it appropriate to prepare the financial statements on a going concern basis.”
Group structure
- TRUST IN SODA LTD · parent
- Soda Digital Recruitment Inc. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAWRENCE, Ashley Stephen | Director | 2013-07-16 | Aug 1985 | British |
| YOUNG, David Charles Dowding | Director | 2013-11-12 | Apr 1980 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Trinnovo Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-06 | Active |
| Mr Ashley Stephen Lawrence | Individual | Shares 25–50% | 2016-07-01 | Ceased 2021-12-06 |
| Mr David Charles Dowding Young | Individual | Shares 25–50% | 2016-07-01 | Ceased 2021-12-06 |
Filing timeline
Last 20 of 48 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-06 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-03-05 | AA | accounts | Accounts with accounts type full | |
| 2025-03-04 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-31 | AA | accounts | Accounts with accounts type full | |
| 2024-01-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-07-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-01 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-02-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-02-24 | AA | accounts | Accounts with accounts type small | |
| 2022-08-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-03-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-03-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-03-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-02-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-08-11 | AA | accounts | Accounts with accounts type small |
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.