DARE INTERNATIONAL LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-05 (in 1y)
Last made up 2026-04-21
Watchouts
None on the register
Cash
£50M
USD 67,247,528
+53.3% highest in 4 filed years
Net assets
£147M
USD 196,360,001
+14% highest in 4 filed years
Employees
217
+8% highest in 4 filed years
Profit before tax
£29M
USD 39,336,107
-30.6% vs 2023
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £0 | £8,708,635 | £240,295,968 | £301,506,190 | |
| Operating profit | — | £43,480,579 | £24,170,948 | £34,717,760 | £32,210,579 | |
| Profit before tax | — | £43,667,028 | £24,337,971 | £42,355,913 | £29,405,776 | |
| Net profit | — | £35,370,292 | £19,716,052 | £31,080,223 | £20,723,986 | |
| Cash | — | £32,182,767 | £46,009,083 | £32,789,783 | £50,271,008 | |
| Total assets less current liabilities | — | £44,373,873 | £85,688,866 | £131,549,061 | £154,942,637 | |
| Net assets | — | £44,373,873 | £63,891,827 | £128,790,641 | £146,789,266 | |
| Equity | £9,522,940 | £44,373,873 | £63,891,827 | £128,790,641 | £146,789,266 | |
| Average employees | — | 41 | 46 | 201 | 217 | |
| Wages | — | £0 | £6,222,191 | £56,769,835 | £65,453,480 | |
| Directors' remuneration | — | £0 | £3,953,159 | £3,330,638 | £2,616,672 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — 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
+25.5%
£240,295,968 £301,506,190
highest in 4 filed years
-
Cash
+53.3%
£32,789,783 £50,271,008
highest in 4 filed years
-
Net assets
+14%
£128,790,641 £146,789,266
highest in 4 filed years
-
Employees
+8%
201 217
highest in 4 filed years
-
Operating profit
-7.2%
£34,717,760 £32,210,579
-
Profit before tax
-30.6%
£42,355,913 £29,405,776
-
Wages
+15.3%
£56,769,835 £65,453,480
highest in 4 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 14.4% | 10.7% | |
| Net margin | — | — | — | 12.9% | 6.9% | |
| Return on capital employed | — | 98.0% | 28.2% | 26.4% | 20.8% | |
| Current ratio | — | — | — | 3.54x | 3.28x | |
| Interest cover | — | 612402.52x | — | 21.43x | 14528.90x |
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.
Name history
Renamed 1 time since incorporation
- DARE INTERNATIONAL LTD 2021-06-14 → present
- VERCER LIMITED 2016-04-22 → 2021-06-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Fisher, Sassoon & Marks
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- DARE INTERNATIONAL LTD · parent
- Dare Global Limited 100%
- Dare Power Limited 100%
- Dare Sustainable Solutions Limited 100%
- Dare US LLC 100%
- Dare Ireland Energy Limited 100%
Significant events
- “Exceptional items of $14,902,712 (2023: $Nil) relate to one off costs in respect of business protective litigation undertaken in 2024. All matters in respect of this were settled in Q1 2025, refer to note 34.”
- “All matters in respect of the business litigation were settled in Q1 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEGUM, Fateha | Director | 2019-09-18 | Dec 1987 | British |
| RAHMAN, Ayman | Director | 2016-04-22 | Apr 1991 | British |
| FRESHWATER HOLDINGS LIMITED | Corporate Director | 2016-04-22 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dare Global Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-10-30 | Active |
| Freshwater Holdings Limited | Corporate entity | Shares 75–100% | 2017-04-20 | Ceased 2023-10-30 |
Filing timeline
Last 20 of 42 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-08-04 MA Memorandum articles
- 2023-08-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-05 | CH01 | officers | Change person director company with change date | |
| 2026-03-04 | CH02 | officers | Change corporate director company with change date | |
| 2026-03-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-03 | AA | accounts | Accounts with accounts type group | |
| 2025-10-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-09 | AA | accounts | Accounts with accounts type group | |
| 2024-08-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-11-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-09-29 | AA | accounts | Accounts with accounts type group | |
| 2023-08-04 | MA | incorporation | Memorandum articles | |
| 2023-08-04 | RESOLUTIONS | resolution | Resolution | |
| 2023-08-03 | SH05 | capital | Capital cancellation treasury shares with date currency capital figure | |
| 2023-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-13 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- 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.