BOUND RATES LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-07-09 (in 2mo)
Last made up 2025-06-25
Watchouts
None on the register
Cash
£8M
USD 11,111,773
+75% vs 2024
Net assets
£8M
USD 11,090,066
+113.9% first positive since 2021
Employees
12
+9.1% highest in 5 filed years
Profit before tax
-£2M
USD -2,312,607
+18.1% vs 2024
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £1,714,103 | £2,449,424 | |
| Operating profit | — | — | — | -£2,227,277 | -£1,757,550 | |
| Profit before tax | — | — | — | -£2,109,873 | -£1,728,793 | |
| Net profit | — | — | — | -£2,109,873 | -£1,728,793 | |
| Cash | £107,954 | £1,307,516 | £10,837,353 | £4,747,872 | £8,306,626 | |
| Total assets less current liabilities | -£15,789 | -£1,011,205 | £10,883,658 | — | — | |
| Net assets | -£15,789 | — | — | £3,876,706 | £8,290,398 | |
| Equity | -£15,789 | -£1,011,205 | £10,883,658 | £3,876,706 | £8,290,398 | |
| Average employees | 2 | 2 | 2 | 11 | 12 | |
| Wages | — | — | — | £1,090,039 | £1,151,514 | |
| Directors' remuneration | — | — | — | £236,507 | £284,485 |
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
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
+42.9%
£1,714,103 £2,449,424
-
Cash
+75%
£4,747,872 £8,306,626
-
Net assets
+113.9%
£3,876,706 £8,290,398
highest in 3 filed years
-
Employees
+9.1%
11 12
highest in 5 filed years
-
Operating profit
+21.1%
-£2,227,277 -£1,757,550
-
Profit before tax
+18.1%
-£2,109,873 -£1,728,793
-
Wages
+5.6%
£1,090,039 £1,151,514
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -129.9% | -71.8% | |
| Net margin | — | — | — | -123.1% | -70.6% | |
| Current ratio | — | — | — | 4.29x | 8.34x |
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
- Standalone (parent only)
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared what they consider to be conservative projections and forecasts. The directors therefore believe the Company is well placed to manage its business risks successfully and are satisfied at the time of approving the financial statements that there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “The Company is subject to risks associated with unforeseen events, such as the emergence of a pandemic, which could create business disruption. The Company has remote working capability in place for all employees ensuring the continued effective operation of the business at all times.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OHS SECRETARIES LIMITED | Corporate Secretary | 2026-02-12 | — | — |
| KINDLER, Daniel | Director | 2020-12-07 | Mar 1995 | American |
| PHILLIPS, Seth Michael | Director | 2020-11-23 | Nov 1980 | American |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bound Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-12-20 | Active |
| Mr Daniel Kindler | Individual | Shares 25–50%, Voting 25–50% | 2020-11-23 | Ceased 2021-06-24 |
| Mr Seth Michael Phillips | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2020-11-23 | Ceased 2021-06-24 |
Filing timeline
Last 20 of 43 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | AA | accounts | Accounts with accounts type full | |
| 2026-03-12 | CH01 | officers | Change person director company with change date | |
| 2026-02-23 | AD03 | address | Move registers to sail company with new address | |
| 2026-02-22 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-21 | AD02 | address | Change sail address company with new address | |
| 2026-02-20 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2026-02-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-02-20 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2026-02-20 | SH01 | capital | Capital allotment shares | |
| 2025-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-23 | CH01 | officers | Change person director company with change date | |
| 2025-04-29 | AA | accounts | Accounts with accounts type full | |
| 2024-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-25 | CH01 | officers | Change person director company with change date | |
| 2024-06-25 | CH01 | officers | Change person director company with change date | |
| 2024-05-05 | AA | accounts | Accounts with accounts type full | |
| 2024-01-17 | CH01 | officers | Change person director company with change date | |
| 2023-06-28 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-06-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-16 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 1
- 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.