SODA WORLD LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-04 (in 9mo)
Last made up 2026-01-21
Watchouts
None on the register
Cash
£73M
USD 97,145,000
-41.7% vs 2023
Net assets
£2M
USD 3,161,000
+27.2% highest in 4 filed years
Employees
3
+50% vs 2023
Profit before tax
£551K
USD 737,000
-41.2% vs 2023
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £130,382,708 | £190,586,089 | £11,131,046 | £8,369,590 | |
| Operating profit | — | £749,193 | £821,060 | £9,023,697 | £8,871,944 | |
| Profit before tax | — | £224,230 | £363,083 | £937,430 | £550,946 | |
| Net profit | — | £181,744 | £291,012 | £943,410 | £504,597 | |
| Cash | — | £271,621 | £126,502 | £124,604,919 | £72,620,916 | |
| Total assets less current liabilities | — | £6,519,194 | £582,287 | £18,401,734 | £9,156,014 | |
| Net assets | — | £291,275 | £582,287 | £1,858,414 | £2,363,011 | |
| Equity | £109,531 | £291,275 | £582,287 | £1,858,414 | £2,363,011 | |
| Average employees | — | 4 | 5 | 2 | 3 | |
| Wages | — | £60,150 | £245,600 | £375,271 | £461,987 | |
| Directors' remuneration | — | — | — | £0 | £0 |
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
-24.8%
£11,131,046 £8,369,590
lowest in 4 filed years
-
Cash
-41.7%
£124,604,919 £72,620,916
-
Net assets
+27.2%
£1,858,414 £2,363,011
highest in 4 filed years
-
Employees
+50%
2 3
-
Operating profit
-1.7%
£9,023,697 £8,871,944
-
Profit before tax
-41.2%
£937,430 £550,946
-
Wages
+23.1%
£375,271 £461,987
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | 0.6% | 0.4% | 81.1% | 106.0% | |
| Net margin | — | 0.1% | 0.2% | 8.5% | 6.0% | |
| Return on capital employed | — | 11.5% | 141.0% | 49.0% | 96.9% | |
| Gearing (liabilities / total assets) | — | — | — | 99.2% | 98.8% | |
| Current ratio | — | — | — | 1.09x | 1.04x | |
| Interest cover | — | 0.38x | 0.79x | 0.68x | 0.57x |
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 2 times since incorporation
- SODA WORLD LTD 2020-03-11 → present
- CIDT (UK) LTD 2019-05-20 → 2020-03-11
- SODAWORKS TRADING LIMITED 2018-10-08 → 2019-05-20
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis, as the Directors have determined that the Company has sufficient resources and liquidity to continue in operational existence and to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements.”
Group structure
- SODA WORLD LTD · parent
- Soda World Europe GmbH 100%
- WE İç ve Dış Ticaret A.Ş. 100%
Significant events
- “On 31 March 2025, the Group has increased the limit of committed receivable financing facilities to $225.0 million from $125.0 million and extended the commitment period from June 2026 to 31 March 2027.”
- “The Company is acting as a principal for sales transactions conducted in the UK. In this respect the Company entered into 2 new warehouse leasing contracts in 2025 for storage facilities in Glasgow and Immingham.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMALL, Jeremy Peter | Secretary | 2024-05-03 | — | — |
| ERDOGAN, Mehmet Ali | Director | 2018-10-08 | Oct 1970 | British |
| ERKAN, Tarlan Oguz | Director | 2026-04-24 | Sep 1977 | American |
| TOHMA, Ahmet | Director | 2022-03-01 | Oct 1980 | Turkish |
| YILMAZKAYA, Alp Engin | Director | 2020-03-12 | Feb 1966 | Turkish |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ERDOGAN, Erdogan | Secretary | 2018-10-08 | 2024-05-02 |
| CINER, Ikbal Didem | Director | 2018-11-29 | 2023-12-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| We Soda Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-01-21 | Active |
| Mr Turgay Ciner | Individual | Significant influence | 2018-10-08 | Ceased 2022-09-09 |
| Mining Minerals And Chemicals Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-10-08 | Ceased 2022-01-21 |
Filing timeline
Last 20 of 33 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-24 | AA | accounts | Accounts with accounts type full | |
| 2025-10-08 | CH01 | officers | Change person director company with change date | |
| 2025-10-03 | CH01 | officers | Change person director company with change date | |
| 2025-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-05-13 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-05-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-31 | AA | accounts | Accounts with accounts type full | |
| 2023-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-06-09 | AA | accounts | Accounts with accounts type full | |
| 2022-03-10 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-01-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-01-21 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.