TYMIT LTD

• ◆

  Material uncertainty over going concern

  At 30 June 2025, the company's financial liabilities exceed its total assets by £23,950,652. These conditions, alongside the fact that there is no formal confirmation of support in place for a period of 12 months or more from the date of approval of the financial statements, indicate the existence of a material uncertainty which may cast doubt about the company's ability to continue as a going concern.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

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.

1. TYMIT LTD 2018-07-30 → present
2. SPLIT TECHNOLOGIES LIMITED 2017-06-20 → 2018-07-30

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“At 30 June 2025, the company's financial liabilities exceed its total assets by £23,950,652. These conditions, alongside the fact that there is no formal confirmation of support in place for a period of 12 months or more from the date of approval of the financial statements, indicate the existence of a material uncertainty which may cast doubt about the company's ability to continue as a going concern.”

Group structure

1. TYMIT LTD · parent
   1. Tymit Lending S.L. 100% · Spain · Provision of internal engineering services
   2. Tymit Financial Services Ltd 100% · United Kingdom · Provision of credit card services
   3. Tymit Consumer Services Ltd 100% · United Kingdom · Provision of insurance agents and brokers

Significant events

• “In July 2024, Tymit formally decided to exit the credit card business. In November 2024, all existing Tymit Credit customers were notified that their cards had been deactivated for new purchases.”
• “On 10 December 2025, Tymit Lending S.L. changed its name to Tymit Labs S.L. in Madrid, Spain.”
• “On 23 December 2025, Fasanara Securitisation S.A. sold beneficial ownership of £3.1 million Tymit Credit cards receivables to Perch Capital Ltd.”
• “On 17 March 2026, Martin Magnone Ballefin and Nicolas Magnone Ballefin sold their shares in Tymit Ltd to Frasers Group Plc.”
• “On 15 May 2026, Frasers Group converted a portion of Convertible Loan Notes into Preferred A shares of Tymit Ltd.”
• “On 15 May 2026, Tymit Ltd issued new shares to Preferred A and B holders, increasing share capital by £123.”
• “On 22 May 2026, Frasers Group Plc transferred all shares held in Tymit Ltd to FGFS Holdco Ltd.”
• “Between 15 May 2026 and 22 May 2026, FGFS Holdco Ltd purchased all other Tymit Ltd shareholders' shares, resulting in 100% ownership.”
• “On 22 May 2026, Fasanara Securitisation S.A. sold the remaining Tymit Credit cards receivables to Perch Capital Ltd.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

17

last 12 months

Capital events

7

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.