ELQ DERIVATIVE LTD
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Cash
£18M
USD 23,529,000
+5.5% vs 2023
Net assets
£0
USD 0
Equity attributable
Employees
—
Average over period
Profit before tax
£220K
USD 294,000
+101% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£21,382,971 | £219,780 | |
| Profit before tax | -£21,382,971 | £219,780 | |
| Net profit | -£14,951,035 | £0 | |
| Cash | £16,671,900 | £17,589,146 | |
| Total assets less current liabilities | £17,815,654 | £18,514,615 | |
| Net assets | £0 | £0 | |
| Equity | £0 | £0 | |
| Average employees | — | — | |
| Wages | — | — | |
| 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
—
Not reported
-
Cash
+5.5%
£16,671,900 £17,589,146
-
Net assets
—
Not reported
-
Employees
—
Not reported
-
Operating profit
+101%
-£21,382,971 £219,780
-
Profit before tax
+101%
-£21,382,971 £219,780
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 |
|---|---|---|---|
| Return on capital employed | -120.0% | 1.2% | |
| Gearing (liabilities / total assets) | 100.0% | 100.0% | |
| Current ratio | 1.78x | 1.91x |
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 101
- Reporting scope
- Standalone (parent only)
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“These financial statements have been prepared on the going concern basis”
Significant events
- “Profit before taxation for the year ended 31 December 2024 was US$0.3 million (31 December 2023: loss before taxation of US$28.6 million).”
- “During the prior year, the company issued 100 ordinary shares of US$0.01 each to GS Sapphire International Ltd, the parent undertaking, for a total consideration of US$20.0 million.”
- “In 2023, the Finance (No. 2) Act 2023 enacted certain provisions of the Organisation for Economic Co-operation and Development (OECD) Global Anti-Base Erosion Model Rules (Pillar Two)... Given the company satisfies and intends to apply the safe harbour rules, there was no impact to the company's effective tax rate as a result of Pillar Two rules.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOURANT SECRETARIES (JERSEY) LIMITED | Corporate Secretary | 2021-02-10 | — | — |
| CHIMA, Vikramjit Singh | Director | 2021-02-10 | Dec 1973 | Indian |
| WILTSHIRE, Jeremy Alan | Director | 2021-02-10 | Jul 1981 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CURLE, Piers Noel Ormiston, Mr. | Director | 2021-02-10 | 2024-10-21 |
| EBRAHIM, Sarah Afsheen | Director | 2024-10-21 | 2025-06-30 |
Ownership
Persons with significant control
Filing timeline
Last 12 of 12 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-12 | AA | accounts | Accounts with accounts type full | |
| 2025-07-23 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-02-04 | AA | accounts | Accounts with accounts type full | |
| 2025-01-29 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-12-11 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-01-09 | AA | accounts | Accounts with accounts type full | |
| 2022-12-29 | AA | accounts | Accounts with accounts type full | |
| 2021-12-31 | AA | accounts | Accounts with accounts type full | |
| 2021-12-14 | AA01 | accounts | Change account reference date company previous shortened | |
| 2021-02-10 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2021-02-10 | OS-PAR | annual-return | Appointment at registration of person authorised to accept service | |
| 2021-02-10 | OSIN01 | incorporation | Register overseas company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- 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.