CARDANO HOLDING LIMITED
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Cash
£571k
-94.5% lowest in 3 filed years
Net assets
£55m
-6% vs 2024
Employees
19
-9.5% lowest in 3 filed years
Profit before tax
-£4.7m
-113.7% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £7,922,000 | £9,123,000 | £6,846,000 | -25% | |
| Operating profit | £2,490,000 | £33,791,000 | -£4,980,000 | -114.7% | |
| Profit before tax | £2,814,000 | £33,953,000 | -£4,664,000 | -113.7% | |
| Net profit | £2,587,000 | £33,969,000 | -£3,502,000 | -110.3% | |
| Cash | £2,169,000 | £10,331,000 | £571,000 | -94.5% | |
| Total assets less current liabilities | £54,199,000 | £58,833,000 | £55,169,000 | -6.2% | |
| Net assets | £52,124,000 | £58,476,000 | £54,974,000 | -6% | |
| Equity | £52,124,000 | £58,476,000 | £54,974,000 | -6% | |
| Average employees | 23 | 21 | 19 | -9.5% | |
| Wages | £4,409,000 | £5,067,000 | £4,079,000 | -19.5% | |
| Directors' remuneration | £940,000 | £777,000 | £458,000 | -41.1% | |
| Directors' pension contributions | £1,000 | £0 | — | — | |
| Highest paid director | £550,000 | £377,000 | £257,000 | -31.8% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 31.4% | — | -72.7% | |
| Net margin | 32.7% | — | -51.2% | |
| Return on capital employed | 4.6% | 57.4% | -9.0% | |
| Gearing (liabilities / total assets) | 15.3% | 10.6% | 5.6% | |
| Current ratio | 2.26x | 3.59x | 5.65x | |
| Interest cover | 24.17x | — | — |
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. 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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of approval of the financial statements.”
Group structure
- CARDANO HOLDING LIMITED · parent
- Cardano Advisory Limited 100%
- Cardano Nederland B.V. 100%
- Cardano Risk Management B.V. 100%
- Cardano Asset Management N.V. 100%
- Cardano Sense B.V. 100%
- Mercer Risk Management Limited 100%
- Cardano Limited 100%
- Lincoln Pensions Limited 100%
- NOW: Pensions Limited 100%
- NOW: Pensions Investment Limited 100%
Significant events
- “On 1 January 2026 the Company's direct subsidiary, Cardano Advisory Limited, sold its trade and assets to a fellow Group entity.”
- “Also on 1 January 2026, the Company sold its investment in NOW: Pensions Limited to a fellow Group subsidiary resulting in a profit on disposal of £113,630,576.”
- “On 5 January 2026 the Company paid a dividend of £149,550,000 to its parent company.”
- “On 1 August 2026 100% of the Company's shares were sold by Gerolamo Holding S.a.r.l to Calm Treasury Holdings Limited, another Group entity.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CUNNINGHAM, Patrick Colby | Director | 2023-12-12 | Dec 1973 | British,American |
| ROSENBERG, Kerrin Edward | Director | 2015-08-19 | Sep 1969 | German |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWYER, Claire Lisa | Secretary | 2015-08-19 | 2016-10-11 |
| GARDHAM, Lee | Secretary | 2016-10-11 | 2026-03-31 |
| BOWYER, Claire Lisa | Director | 2021-04-15 | 2025-12-12 |
| DE LATHAUWER, Michael Georges Jules | Director | 2015-08-19 | 2025-04-30 |
| KOCKEN, Theodorus Petrus | Director | 2015-08-19 | 2019-06-30 |
| LUTHI, Patrick Oliver | Director | 2016-10-11 | 2026-07-27 |
| NAUS, Harold | Director | 2016-10-11 | 2025-04-01 |
| REDMAYNE, Darren Neil | Director | 2019-01-30 | 2023-12-31 |
| SUNDERMAN, Jorg | Director | 2025-04-01 | 2026-07-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Calm Treasury Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2024-11-01 | Active |
| Mr Robert Hans Defares | Individual | Shares 25–50%, Voting 25–50% | 2016-04-16 | Ceased 2022-11-01 |
Filing timeline
Last 20 of 58 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | AA | accounts | Accounts with accounts type full | |
| 2026-08-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-08-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-15 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-25 | SH19 | capital | Capital statement capital company with date currency figure |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 4
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.