HIDDEN ROAD PARTNERS CIV INTERNATIONAL HOLDCO LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-12 (in 9mo)
Last made up 2026-01-29
Watchouts
Cash
£4M
USD 5,461,539
+91.8% vs 2023
Net assets
£2M
USD 2,954,415
-46.3% vs 2023
Employees
32
+28% vs 2023
Profit before tax
-£2M
USD -2,494,724
-235.6% 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.
Profit before tax
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £6,562,852 | £4,776,177 | |
| Operating profit | £1,361,667 | -£1,914,441 | |
| Profit before tax | £1,374,995 | -£1,864,935 | |
| Net profit | £1,333,058 | -£1,905,593 | |
| Cash | £2,128,539 | £4,082,783 | |
| Total assets less current liabilities | £4,114,171 | £2,208,578 | |
| Net assets | — | — | |
| Equity | £4,114,171 | £2,208,578 | |
| Average employees | 25 | 32 | |
| Wages | £3,347,544 | £4,357,958 | |
| Directors' remuneration | — | — |
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
-27.2%
£6,562,852 £4,776,177
-
Cash
+91.8%
£2,128,539 £4,082,783
-
Net assets
—
Not reported
-
Employees
+28%
25 32
-
Operating profit
-240.6%
£1,361,667 -£1,914,441
-
Profit before tax
-235.6%
£1,374,995 -£1,864,935
-
Wages
+30.2%
£3,347,544 £4,357,958
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 |
|---|---|---|---|
| Operating margin | 20.7% | -40.1% | |
| Net margin | 20.3% | -39.9% | |
| Return on capital employed | 33.1% | -86.7% | |
| Current ratio | 21.52x | 1.46x | |
| Interest cover | 340416.75x | -478610.25x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this review, the directors have a reasonable expectation that the Group and Company has adequate resources to continue as a going concern for the foreseeable future, being at least 12 months from the date these financial statements have been approved.”
Group structure
- HIDDEN ROAD PARTNERS CIV INTERNATIONAL HOLDCO LTD · parent
- Hidden Road Partners CIV NL B.V. 100%
- Hidden Road Partners CIV SG PTE Ltd 100%
- Hidden Road Partners CIV (BR) LTDA 100%
- Hidden Road Partners CIV JP K.K. 100%
Significant events
- “On the 8th April 2025, the ultimate parent company, Hidden Road Inc, agreed to be wholly acquired by Ripple Labs Inc. for $1.25 billion. The offer to buy the company is envisaged to be in the form of a mixture of cash, XRP and Ripple Labs Inc stock.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ASCH, Marc | Director | 2018-11-30 | Jun 1987 | American |
| HIGGINS, Michael Patrick | Director | 2022-05-23 | Aug 1983 | American |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Christian Anton Larsen | Individual | Voting 50–75% | 2025-10-21 | Active |
| Mr Marc Asch | Individual | Voting 75–100% | 2018-11-30 | Ceased 2025-10-21 |
Filing timeline
Last 20 of 42 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-22 MA Memorandum articles
- 2024-03-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-08 | SH01 | capital | Capital allotment shares | |
| 2025-11-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-06 | AA | accounts | Accounts with accounts type group | |
| 2025-03-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-17 | AA | accounts | Accounts with accounts type group | |
| 2024-03-22 | MA | incorporation | Memorandum articles | |
| 2024-03-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-18 | SH01 | capital | Capital allotment shares | |
| 2023-10-10 | AA | accounts | Accounts with accounts type group | |
| 2023-08-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-11 | AA | accounts | Accounts with accounts type full | |
| 2022-02-10 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- 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.