TWENTY7TEC GROUP LTD
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Cash
£3.1m
+690.8% vs 2023
Net assets
£6m
-26% first positive since 2020
Employees
98
+6.5% vs 2023
Profit before tax
-£2.3m
-254% vs 2023
Net assets
4-year trend · vs Technology median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £7,772,483 | £8,286,334 | +6.6% | |
| Operating profit | — | — | -£319,376 | -£1,829,616 | -472.9% | |
| Profit before tax | — | — | -£638,817 | -£2,261,567 | -254% | |
| Net profit | — | — | -£529,365 | -£2,130,660 | -302.5% | |
| Cash | — | — | £398,059 | £3,148,003 | +690.8% | |
| Total assets less current liabilities | £105,317 | £30 | £10,865,809 | £13,499,547 | +24.2% | |
| Net assets | -£271,453 | -£224,100 | £8,160,914 | £6,041,184 | -26% | |
| Equity | — | — | £8,160,914 | £6,041,184 | -26% | |
| Average employees | — | — | 92 | 98 | +6.5% | |
| Wages | — | — | £3,025,183 | £3,387,903 | +12% | |
| Directors' remuneration | — | — | £490,965 | £375,885 | -23.4% | |
| Directors' pension contributions | £NaN | £NaN | £2,642 | £6,300 | +138.5% | |
| Highest paid director | £NaN | £NaN | £266,364 | £239,592 | -10.1% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -4.1% | -22.1% | |
| Net margin | — | — | -6.8% | -25.7% | |
| Return on capital employed | — | — | -2.9% | -13.6% | |
| Gearing (liabilities / total assets) | 357.7% | — | 41.0% | 63.1% | |
| Current ratio | — | — | 0.38x | 1.43x | |
| Interest cover | — | — | -1.00x | -3.95x |
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
- TWENTY7TEC GROUP LTD 2014-08-07 → present
- MORTGAGE DATA SYSTEMS LIMITED 2013-08-22 → 2014-08-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- TWENTY7TEC GROUP LTD · parent
- MortgageSourceTec Limited 100%
- The Big Blue Trading Company Limited 100%
- Meet Parker Ltd 100%
- Lazy Dog Software Ltd 100%
- LoanSource Limited 100%
- MortgageApplyTec Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEATTIE, Clive | Director | 2025-05-07 | Dec 1966 | British |
| TUCKER, James Leigh | Director | 2014-01-30 | Aug 1983 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRAY, Katrin | Secretary | 2015-03-27 | 2024-08-21 |
| DUCKWORTH, Jeremy Dyce | Director | 2017-02-27 | 2024-08-21 |
| GRAY, James Richard | Director | 2013-08-22 | 2024-08-21 |
| JEYES, Peter Martin | Director | 2013-08-22 | 2014-03-10 |
| KIRBY, Stuart Paul | Director | 2019-12-10 | 2020-12-14 |
| PRESTEDGE, Tony | Director | 2022-03-01 | 2024-08-21 |
| SMITH, Stephen Charles Addison | Director | 2018-09-17 | 2022-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Twenty7tec Bidco Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-08-21 | Active |
| Mrs Katrin Gray | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-08-21 |
Filing timeline
Last 20 of 75 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-02 MA Memorandum articles
- 2024-09-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-22 | AA | accounts | Accounts with accounts type group | |
| 2025-07-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-18 | CH01 | officers | Change person director company with change date | |
| 2024-09-10 | AA | accounts | Accounts with accounts type group | |
| 2024-09-02 | MA | incorporation | Memorandum articles | |
| 2024-09-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-29 | SH01 | capital | Capital allotment shares | |
| 2024-08-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-27 | CH01 | officers | Change person director company with change date | |
| 2023-12-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-10 | AA | accounts | Accounts with accounts type group | |
| 2023-09-18 | SH01 | capital | Capital allotment shares | |
| 2023-07-24 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months