TRUECOMMERCE HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-23 (in 1mo)
Last made up 2025-06-09
Watchouts
None on the register
Cash
£7M
+105.4% vs 2023
Net assets
£7M
-4.9% vs 2023
Employees
153
0% vs 2023
Profit before tax
£741K
-69.8% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £20,436,497 | £21,893,044 | |
| Operating profit | £3,361,220 | £1,612,320 | |
| Profit before tax | £2,456,207 | £741,463 | |
| Net profit | £1,984,180 | £86,765 | |
| Cash | £3,503,183 | £7,196,300 | |
| Total assets less current liabilities | £8,191,440 | £6,508,040 | |
| Net assets | £6,845,360 | £6,508,040 | |
| Equity | £6,845,360 | £6,508,040 | |
| Average employees | 153 | 153 | |
| Wages | £8,627,442 | £9,304,856 | |
| Directors' remuneration | — | — |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+7.1%
£20,436,497 £21,893,044
-
Cash
+105.4%
£3,503,183 £7,196,300
-
Net assets
-4.9%
£6,845,360 £6,508,040
-
Employees
0%
153 153
-
Operating profit
-52%
£3,361,220 £1,612,320
-
Profit before tax
-69.8%
£2,456,207 £741,463
-
Wages
+7.9%
£8,627,442 £9,304,856
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 16.4% | 7.4% | |
| Net margin | 9.7% | 0.4% | |
| Return on capital employed | 41.0% | 24.8% | |
| Current ratio | 1.12x | 1.08x | |
| Interest cover | 3.71x | 1.85x |
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
- TRUECOMMERCE HOLDINGS LIMITED 2017-06-08 → present
- ACCELLOS UK HOLDINGS LIMITED 2014-06-16 → 2017-06-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton (NI) 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 or the parent Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.”
Group structure
- TRUECOMMERCE HOLDINGS LIMITED · parent
- TrueCommerce UK (Holdings) Limited 100%
- TrueCommerce (Coventry) Limited 100%
- Netalogue Technologies Limited 100%
- TrueCommerce (Manchester) Limited 100%
- TrueCommerce (Oldham) Limited 100%
- TrueCommerce EDI (Ireland) Limited 100%
- Netalogue Procurement Limited 100%
Significant events
- “There have been no significant events affecting the Group since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PORTER, Andrew Lawrence | Director | 2021-04-23 | Sep 1961 | American |
| VESTERGAARD KURUBACAK, Jakob | Director | 2022-12-07 | Aug 1966 | Danish |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CORNELL, Michael John | Director | 2014-06-16 | 2021-04-23 |
| FAY, John Francis | Director | 2021-04-23 | 2022-05-26 |
| GROSVENOR, David Peter | Director | 2020-01-07 | 2022-10-11 |
| SEATON, Edward Flint | Director | 2014-06-16 | 2021-04-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| True Commerce, Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 57 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-04 | AA | accounts | Accounts with accounts type group | |
| 2025-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-02 | AA | accounts | Accounts with accounts type group | |
| 2024-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-10 | AA | accounts | Accounts with accounts type group | |
| 2023-10-05 | CH01 | officers | Change person director company with change date | |
| 2023-06-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-12 | AA | accounts | Accounts with accounts type group | |
| 2023-03-01 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-02-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-12-15 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-14 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-17 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-19 | AA | accounts | Accounts with accounts type group | |
| 2022-06-10 | DISS40 | gazette | Gazette filings brought up to date | |
| 2022-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-31 | CH01 | officers | Change person director company with change date | |
| 2022-05-31 | PSC05 | persons-with-significant-control | Change to a person with significant control |
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.