ITASCA MGA LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-18 (in 2mo)
Last made up 2025-07-04
Watchouts
None on the register
Cash
£330K
USD 441,000
Latest balance sheet
Net assets
-£147K
USD -197,000
Equity attributable
Employees
4
Average over period
Profit before tax
-£194K
USD -260,000
Period ending 2024-12-31
Net assets
1-year trend · vs Financials median
Accounts
1-year trend · latest reflected 2024-12-31
| Metric | Trend | 2024-12-31 |
|---|---|---|
| Turnover | £3,251,850 | |
| Operating profit | -£159,976 | |
| Profit before tax | -£194,363 | |
| Net profit | -£147,268 | |
| Cash | £329,670 | |
| Total assets less current liabilities | £1,015,175 | |
| Net assets | -£147,268 | |
| Equity | -£147,268 | |
| Average employees | 4 | |
| Wages | £1,086,940 | |
| Directors' remuneration | £470,210 |
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
Latest filed period vs the prior one
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 |
|---|---|---|
| Operating margin | -4.9% | |
| Net margin | -4.5% | |
| Return on capital employed | -15.8% | |
| Current ratio | 1.58x | |
| Interest cover | -3.89x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company had net liabilities at 31 December 2024 of $197,000 and net current assets of $1,344,000. The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements which indicate that, the Company will have sufficient funds to meet its liabilities as they fall due for the foreseeable future. Consequently, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the approval date of these financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- ITASCA MGA LIMITED · parent
- Itasca MGA Services Limited 100%
- Pine Walk Europe SRL Limited
Significant events
- “The Company was incorporated on 5 July 2023 as Itasca MGA Limited. The company began trading on 2 October 2023.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CALLIDUS SECRETARIES LIMITED | Corporate Secretary | 2023-07-05 | — | — |
| CRONE, Simon Michael | Director | 2023-11-20 | Feb 1974 | British |
| ESDAILE, Mark | Director | 2025-05-07 | Nov 1979 | British |
| JOHN, Gareth Conway | Director | 2024-09-03 | Mar 1973 | American |
| ROTHAUSER, Armin | Director | 2023-10-30 | May 1976 | American |
| WALTERS, Gareth William | Director | 2026-04-27 | Aug 1976 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COULSON, Richard John | Director | 2023-07-05 | 2023-08-10 |
| DAWE, Grahame Trevethan | Director | 2023-07-05 | 2024-09-03 |
| O'RIORDAN, Conor | Director | 2023-09-29 | 2026-04-27 |
| PUSKAR, Meldijana | Director | 2024-11-12 | 2025-05-07 |
| ZOLOTUSKY, Kostya | Director | 2023-11-08 | 2024-05-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pine Walk Capital Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2023-07-05 | Active |
Filing timeline
Last 20 of 35 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-23 | SH01 | capital | Capital allotment shares | |
| 2025-09-23 | SH01 | capital | Capital allotment shares | |
| 2025-09-22 | SH01 | capital | Capital allotment shares | |
| 2025-07-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-22 | CH01 | officers | Change person director company with change date | |
| 2025-05-19 | CH01 | officers | Change person director company with change date | |
| 2025-05-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-14 | AA | accounts | Accounts with accounts type full | |
| 2024-12-23 | CH01 | officers | Change person director company with change date | |
| 2024-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-19 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-25 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 3
- Officers appointed
- 2
- Officers resigned
- 2
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.