EXPEDITION GROWTH CAPITAL LTD
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-05-03 (in 1y)
Last made up 2026-04-19
Watchouts
None on the register
Cash
£5M
+122.4% vs 2024
Net assets
£6M
+17.6% vs 2024
Employees
17
+6.3% vs 2024
Profit before tax
£1M
-69.5% vs 2024
Net assets
5-year trend · vs Financials median
Accounts
5-year trend · latest reflected 2025-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £8,459,005 | £7,750,893 | |
| Operating profit | — | — | — | £3,529,972 | £1,071,433 | |
| Profit before tax | — | — | — | £3,528,638 | £1,077,540 | |
| Net profit | — | — | — | £2,831,837 | £917,827 | |
| Cash | — | — | — | £2,024,210 | £4,501,094 | |
| Total assets less current liabilities | — | — | — | £5,143,849 | £6,032,339 | |
| Net assets | — | — | — | £5,075,603 | £5,970,490 | |
| Equity | £99,771 | £1,227,130 | £1,954,035 | £5,075,603 | £5,970,490 | |
| Average employees | — | — | — | 16 | 17 | |
| Wages | — | — | — | £2,778,530 | £4,046,117 | |
| Directors' remuneration | — | — | — | £780,472 | £1,072,343 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-8.4%
£8,459,005 £7,750,893
-
Cash
+122.4%
£2,024,210 £4,501,094
-
Net assets
+17.6%
£5,075,603 £5,970,490
-
Employees
+6.3%
16 17
-
Operating profit
-69.6%
£3,529,972 £1,071,433
-
Profit before tax
-69.5%
£3,528,638 £1,077,540
-
Wages
+45.6%
£2,778,530 £4,046,117
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 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 41.7% | 13.8% | |
| Net margin | — | — | — | 33.5% | 11.8% | |
| Return on capital employed | — | — | — | 68.6% | 17.8% | |
| Current ratio | — | — | — | 4.41x | 5.03x | |
| Interest cover | — | — | — | 1895.80x | 2407.71x |
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
- Brebners
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors expect the Group to have adequate working capital for the foreseeable future and have prepared financial forecasts which demonstrate that the Group has adequate working capital to operate for a period of at least twelve months from the date of approval of the financial statements. Accordingly, the directors have a reasonable expectation that the Group has the resources to continue in operational existence for the foreseeable future.”
Group structure
- EXPEDITION GROWTH CAPITAL LTD · parent
- Expedition Growth Capital GP Limited 100%
- Expedition Growth Capital GP II Limited 100%
- Expedition Operations Ltd 100%
- Expedition Growth Capital Inc. 100%
Significant events
- “The Group is preparing to raise its third fund, targeting a strong first close in the latter half of 2025. The Group expects that Fund III will begin investing in 2026 and will follow a similar strategy to its other funds, investing in founder-led European software companies. The launch of a third fund will further diversify revenue streams.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NAZO, Kgalalelo Kealeboga | Director | 2025-12-01 | Feb 1984 | South African |
| THOMAS, Oliver Glyn | Director | 2020-04-20 | Sep 1980 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COVELL, Charles Fetherston Charters | Director | 2020-07-16 | 2021-03-31 |
| LEVY, Rachel Shula | Director | 2021-03-31 | 2025-03-31 |
| SHELDON, William Jonathan Owen | Director | 2025-03-31 | 2025-12-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Oliver Glyn Thomas | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-04-20 | Active |
Filing timeline
Last 20 of 31 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-20 | CH01 | officers | Change person director company with change date | |
| 2026-02-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-22 | AA | accounts | Accounts with accounts type group | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-16 | AA | accounts | Accounts with accounts type group | |
| 2024-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-19 | AA | accounts | Accounts with accounts type group | |
| 2023-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-17 | CH01 | officers | Change person director company with change date | |
| 2022-12-19 | AA | accounts | Accounts with accounts type group | |
| 2022-06-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-30 | AAMD | accounts | Accounts amended with accounts type group | |
| 2021-12-17 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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.