MAREX FX LIMITED
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Cash
£90m
+14.9% highest in 6 filed years
Net assets
£35m
-6.6% vs 2025
Employees
92
+9.5% highest in 6 filed years
Profit before tax
-£2.5m
+34.5% vs 2025
Net assets
6-year trend · vs Financials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £12,468,448 | £14,084,399 | £29,031,256 | £36,983,217 | £34,189,771 | £39,492,838 | +15.5% | |
| Operating profit | £2,690,184 | £2,277,783 | £10,437,250 | £8,514,795 | -£4,902,990 | -£2,447,738 | +50.1% | |
| Profit before tax | £2,339,647 | £1,932,827 | £10,758,049 | £11,148,485 | -£3,771,933 | -£2,469,372 | +34.5% | |
| Net profit | £1,540,227 | £1,451,846 | £8,841,421 | £8,599,155 | -£3,301,523 | -£2,469,372 | +25.2% | |
| Cash | £33,893,484 | £35,339,094 | £63,057,556 | £82,085,658 | £78,139,365 | £89,785,451 | +14.9% | |
| Total assets less current liabilities | £29,236,954 | £30,629,688 | £44,353,765 | £46,225,333 | £37,573,928 | £35,104,556 | -6.6% | |
| Net assets | £25,770,882 | £27,222,760 | £35,931,320 | £40,849,926 | £37,548,405 | £35,079,033 | -6.6% | |
| Equity | £25,770,882 | £27,222,760 | £35,931,320 | £40,849,926 | £37,548,405 | £35,079,033 | -6.6% | |
| Average employees | 34 | 48 | 58 | 79 | 84 | 92 | +9.5% | |
| Wages | £4,998,669 | £6,296,738 | £11,403,210 | £11,525,961 | £12,376,102 | £21,515,988 | +73.9% | |
| Directors' remuneration | £1,776,040 | £2,591,852 | £4,107,561 | £3,699,765 | £4,030,763 | £9,821,357 | +143.7% | |
| Directors' pension contributions | £NaN | £NaN | £NaN | £5,980 | £3,265 | £3,155 | -3.4% | |
| Highest paid director | £NaN | £NaN | £NaN | £1,745,712 | £3,133,793 | £4,026,905 | +28.5% |
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 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 21.6% | 16.2% | 36.0% | 23.0% | -14.3% | -6.2% | |
| Net margin | 12.4% | 10.3% | 30.5% | 23.3% | -9.7% | -6.3% | |
| Return on capital employed | 9.2% | 7.4% | 23.5% | 18.4% | -13.0% | -7.0% | |
| Gearing (liabilities / total assets) | 33.4% | 40.6% | 53.1% | 76.6% | 80.8% | 85.2% | |
| Current ratio | — | — | — | 1.24x | 1.07x | 1.01x | |
| Interest cover | 7.47x | 6.22x | 19.55x | 7.49x | -2.45x | -0.51x |
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
- MAREX FX LIMITED 2026-03-20 → present
- HAMILTON COURT FOREIGN EXCHANGE LIMITED 2018-05-16 → 2026-03-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK 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 related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern.”
Group structure
- MAREX FX LIMITED · parent
- Marex SIM S.p.A 100%
- Marex Payments S.r.l 100%
Significant events
- “A significant milestone during the year was the acquisition of the Company by Marex Group plc, which completed on 1 July 2025.”
- “At 31 March 2025 an agreement for Spectron Services Limited to purchase the Group was in place and awaiting regulatory approval in Italy. This transaction was completed on 1 July 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LINSLEY, Scott | Secretary | 2025-07-01 | — | — |
| CHO, Jae Yun | Director | 2025-11-07 | Nov 1981 | British |
| JETHWA, Nilesh Kumar | Director | 2025-12-03 | Sep 1978 | British |
| KETERMAN, Tony Junior | Director | 2018-05-16 | Jun 1986 | British |
| PALMER, Mark | Director | 2018-05-16 | Aug 1983 | British |
| SACHDEV, Chirag | Director | 2018-05-16 | Jun 1980 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLISON, Elizabeth Sarah | Director | 2022-06-30 | 2024-05-20 |
| GREEN, Peter Laurence | Director | 2018-11-01 | 2025-07-01 |
| KYTE, David Mark | Director | 2018-05-16 | 2025-07-01 |
| MUSIKANT, Adam Robin | Director | 2018-05-16 | 2025-07-01 |
| SIMON, Andrew | Director | 2018-05-16 | 2022-06-30 |
| SOUTHGATE, Michael Leslie | Director | 2021-01-01 | 2022-08-10 |
| TIMMS, Ben Harold | Director | 2019-01-23 | 2020-05-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hamilton Court Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-01 | Active |
| Mr David Mark Kyte | Individual | Shares 25–50%, Voting 25–50% | 2018-11-01 | Ceased 2021-12-01 |
| Mr Tony Junior Keterman | Individual | Shares 25–50%, Voting 25–50% | 2018-11-01 | Ceased 2021-12-01 |
| Hamilton Court Fx Llp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-05-16 | Ceased 2018-11-01 |
Filing timeline
Last 20 of 77 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-20 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-26 | AA | accounts | Accounts with accounts type full | |
| 2026-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-07-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-20 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-23 | AA | accounts | Accounts with accounts type full | |
| 2025-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-07-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-04 | CH01 | officers | Change person director company with change date | |
| 2025-01-13 | CH01 | officers | Change person director company with change date | |
| 2025-01-03 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 2
- 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.