THREDD BIDCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-02 (in 1y)
Last made up 2026-04-18
Watchouts
Cash
£20K
-76.5% vs 2023
Net assets
£89M
+3,137.7% vs 2023
Employees
—
Average over period
Profit before tax
-£72K
+84% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | -£451,000 | -£72,000 | |
| Net profit | -£451,000 | -£72,000 | |
| Cash | £85,000 | £20,000 | |
| Total assets less current liabilities | £38,109,000 | £453,395,000 | |
| Net assets | -£2,915,000 | £88,548,000 | |
| Equity | -£2,915,000 | £88,548,000 | |
| Average employees | — | — | |
| Wages | £280,000 | — | |
| 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
—
Not reported
-
Cash
-76.5%
£85,000 £20,000
-
Net assets
+3,137.7%
-£2,915,000 £88,548,000
-
Employees
—
Not reported
-
Profit before tax
+84%
-£451,000 -£72,000
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 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 103.9% | 82.5% | |
| Current ratio | 0.03x | 0.98x |
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 3 times since incorporation
- THREDD BIDCO LIMITED 2023-04-27 → present
- GPS BIDCO LIMITED 2019-05-30 → 2023-04-27
- GEORGE BIDCO LIMITED 2018-05-17 → 2019-05-30
- DMWSL 884 LIMITED 2018-04-19 → 2018-05-17
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG Audit LLC
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors continue to have a reasonable expectation that the Company has adequate resources to continue in operation for at least the next 12 months from the date of approval of these financial statements. Notwithstanding a profit for the Company before and after taxation of £0.07m (2023: £0.50m loss), net current liabilities for the Company as at 31 December 2024 of £365.7m (2023: £36.3m), and net asset position of £88.5m (2023: £2.9m net liability position), and operating cash outflows for the Company for the year of £0.1m (2023: outflow of £0.1m), the Company, as a holding entity, does not undertake any trading activities.”
Group structure
- THREDD BIDCO LIMITED · parent
- Global Processing Services Limited 100%
- Thredd (UK) Limited 100%
- Thredd (Singapore) PTE Limited 100%
- Thredd (Australia) PTY Limited 100%
- Apex Processing Services FZ-LLC 100%
- Thredd US LLC 100%
- Thredd LLC 100%
Significant events
- “During the year, as part of a group structure clean-up process, the entities listed on the next page were placed into Members' Voluntary Liquidation (MVL) due to its minimal activity and lack of contribution to day-to-day operations. This decision was made to streamline the group's operations and eliminate non-essential entities. The entities' assets and liabilities were assessed, and it was determined that MVL was the most appropriate course of action.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2025-03-31 | — | — |
| EDWARDS, Cecil Rodwell | Director | 2022-09-22 | Dec 1978 | British |
| MCCARTHY, James Francis | Director | 2023-10-24 | Dec 1964 | American |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CSC CLS (UK) LIMITED | Corporate Secretary | 2022-12-15 | 2025-05-14 |
| DM COMPANY SERVICES (LONDON) LIMITED | Corporate Secretary | 2018-04-19 | 2018-05-16 |
| BARRON, Paul Thomas | Director | 2018-04-19 | 2018-05-16 |
| BENNETT, Dougal Gareth Stuart | Director | 2018-06-07 | 2021-03-31 |
| BEVAN, Oliver James | Director | 2018-05-16 | 2021-12-14 |
| BUTCHER, Keith | Director | 2018-06-14 | 2019-07-23 |
| DEWAR, Joanne | Director | 2018-06-14 | 2023-02-02 |
| GILCHRIST, Ewan Caldwell | Director | 2018-05-16 | 2018-05-16 |
| HODGSON, Richard | Director | 2020-06-25 | 2022-09-22 |
| MIDDLETON, Shaun Norman Skene | Director | 2021-03-31 | 2021-12-14 |
| SCHULTZ, Kevin James | Director | 2022-09-22 | 2023-10-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thredd Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-09-19 | Active |
| Thredd Finco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-05-16 | Ceased 2024-09-19 |
| Dm Company Services (London) Limited | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm, right-to-appoint-and-remove-directors-as-firm | 2018-04-19 | Ceased 2018-05-16 |
Filing timeline
Last 20 of 64 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-04-27 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-19 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-06-10 | AA | accounts | Accounts with accounts type full | |
| 2025-05-14 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-13 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-09-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-27 | SH01 | capital | Capital allotment shares | |
| 2024-06-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-21 | AA | accounts | Accounts with accounts type full | |
| 2024-05-14 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-27 | AA | accounts | Accounts with accounts type full | |
| 2023-04-27 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-04-18 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 1
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.