TRILATERAL RESEARCH LTD
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-04 (in 5mo)
Last made up 2025-09-20
Watchouts
None on the register
Cash
£191K
-16.4% vs 2024
Net assets
-£646K
-24.4% lowest in 4 filed years
Employees
73
+1.4% highest in 4 filed years
Profit before tax
-£945K
+7.9% vs 2024
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £1,627,823 | £2,057,545 | |
| Operating profit | — | — | — | — | -£988,766 | -£728,667 | |
| Profit before tax | — | — | — | — | -£1,026,061 | -£945,335 | |
| Net profit | — | — | — | — | -£1,026,061 | -£526,804 | |
| Cash | £95,881 | £1,195,157 | — | — | £228,474 | £190,950 | |
| Total assets less current liabilities | £1,125,970 | £2,553,496 | — | — | -£402,453 | £1,314,299 | |
| Net assets | £193,555 | £312,081 | — | — | -£519,120 | -£645,924 | |
| Equity | £193,555 | £312,081 | — | — | -£519,120 | -£645,924 | |
| Average employees | 32 | 42 | — | — | 72 | 73 | |
| Wages | — | — | — | — | £2,027,303 | £2,082,324 | |
| Directors' remuneration | — | — | — | — | £264,000 | £264,000 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+26.4%
£1,627,823 £2,057,545
-
Cash
-16.4%
£228,474 £190,950
-
Net assets
-24.4%
-£519,120 -£645,924
lowest in 4 filed years
-
Employees
+1.4%
72 73
highest in 4 filed years
-
Operating profit
+26.3%
-£988,766 -£728,667
-
Profit before tax
+7.9%
-£1,026,061 -£945,335
-
Wages
+2.7%
£2,027,303 £2,082,324
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -60.7% | -35.4% | |
| Net margin | — | — | — | — | -63.0% | -25.6% | |
| Return on capital employed | — | — | — | — | 245.7% | -55.4% | |
| Current ratio | — | — | — | — | 0.07x | 0.14x | |
| Interest cover | — | — | — | — | -26.51x | -3.35x |
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
- UHY Farrelly Dawe White Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above, the directors are satisfied that it is appropriate to prepare the financial statements on a going concern basis.”
Group structure
- TRILATERAL RESEARCH LTD · parent
- Trilateral Research Limited 100%
Significant events
- “During the period, this line of business launched the first sale of its flagship product, CESIUM, which was developed to support safeguarding professionals responsible for preventing exploitation of children in the UK.”
- “The UK did accede to the Horizon Europe programme in January 2024, reducing this risk.”
- “Initial sales of Al software with the first sale of the CESIUM product (Al software that supports safeguarding professionals targeting ch Id exploitation in the UK) took effect during the period. The first licence sale introduced initial Al software (SaaS) revenues.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAKER, Nancy | Director | 2024-12-31 | Aug 1958 | American |
| FINN, Rachel | Director | 2024-12-31 | Aug 1978 | Irish |
| SAULS, Diana | Director | 2024-12-31 | Nov 1981 | South African |
| WADHWA, Kush Raj | Director | 2013-09-20 | May 1969 | British |
| WRIGHT, David Manning | Director | 2013-09-20 | Dec 1948 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr David Manning Wright | Individual | Shares 25–50% | 2016-09-20 | Ceased 2024-04-17 |
| Mr Kush Raj Wadhwa | Individual | Shares 75–100%, Voting 75–100% | 2016-09-20 | Active |
Filing timeline
Last 20 of 57 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-05 RESOLUTIONS Resolution
- 2025-02-05 MA Memorandum articles
- 2024-05-17 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | AA | accounts | Accounts with accounts type full | |
| 2026-03-04 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-03-03 | GAZ1 | gazette | Gazette notice compulsory | |
| 2026-03-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-07 | AA | accounts | Accounts with accounts type full | |
| 2025-02-25 | SH01 | capital | Capital allotment shares | |
| 2025-02-05 | SH01 | capital | Capital allotment shares | |
| 2025-02-05 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-05 | MA | incorporation | Memorandum articles | |
| 2025-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-17 | MA | incorporation | Memorandum articles | |
| 2024-04-26 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 2
- 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.