TRINNOVO GROUP LTD

• ⚠

  Annual accounts overdue

  Due 2026-03-23.

• ◆

  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. About these numbers

• Turnover

  -37.9%

  £52,259,295 → £32,468,817

• Cash

  +218.4%

  £824,533 → £2,625,448

  highest in 5 filed years

• Net assets

  +582.2%

  £497,210 → £3,391,869

• Employees

  -35.1%

  228 → 148

• Operating profit

  -178.2%

  £1,707,799 → -£1,335,101

• Profit before tax

  +130.7%

  £1,335,906 → £3,081,330

• Wages

  -39.5%

  £14,503,872 → £8,769,706

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company and group have adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The directors recognise that the cost of living crisis in the United Kingdom and across the world represents a material uncertainty to the future of the economy and casts doubt or the ability of many companies to continue as a going concern. Having considered these impacts and through the preparation of forecasts which have been sensitised to take into account the uncertainty in the global economy and with the funds it has available through the sale of the trade and assets of subsidiary company Trinnovo Group Staffing Limited (formerly known as BioTalent Limited), the directors consider it appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. TRINNOVO GROUP LTD · parent
   1. Broadgate Search Holdings Limited 100% · Dormant
   2. Broadgate Search Limited 100% · Recruitment agency
   3. Broadgate Search Limited 100% · Recruitment agency
   4. Trust In Soda Limited 100% · Recruitment agency
   5. Soda Digital Recruitment Inc. 100% · USA · Recruitment agency
   6. Trust In Soda Ireland Limited 100% · Republic of Ireland · Recruitment agency
   7. Trinnovo Group Staffing Limited (formerly known as BioTalent Limited) 100% · Recruitment agency
   8. BioTalent GmbH 100% · Germany · Recruitment agency
   9. Exmilitarycareers Ltd 100% · Recruitment agency
   10. Deeprec.ai Ltd 51% · Recruitment agency
   11. Trinnovo Group GmbH 100% · Germany · Recruitment agency
   12. BioTalent Limited 100% · Dormant

Significant events

• “On 3 November 2023, the group sold the trade and assets of subsidiary company Trinnovo Group Staffing Limited (formerly known as BioTalent Limited), being recruitment activities in the life sciences sector, for a sum of £7m.”
• “On 3 November 2023, the group disposed of it's trade and assets in respect of the BioTalent brand. The disposal was effected in order to generate cash flow for the expansion of the group's other businesses. A profit of £4,826,663 arose on the disposal, being the proceeds of the sale, less the carrying amount of the business assets and attributable goodwill.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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