NORTH OF SOUTH CAPITAL LLP
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-09-01 (in 4mo)
Last made up 2025-08-18
Watchouts
None on the register
Cash
£2M
+5.4% highest in 7 filed years
Net assets
£5M
+62.8% highest in 5 filed years
Employees
12
+9.1% highest in 5 filed years
Profit before tax
£10M
+93.3% highest in 4 filed years
Net assets
7-year trend · vs Unclassified median
Accounts
7-year trend · latest reflected 2025-12-31
| Metric | Trend | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £1,465,092 | — | £2,463,731 | — | £7,353,780 | £15,084,361 | |
| Operating profit | — | £905,064 | — | £1,641,588 | — | £5,178,640 | £10,014,690 | |
| Profit before tax | — | £905,064 | — | £1,644,012 | — | £5,183,335 | £10,016,928 | |
| Net profit | — | £839,064 | — | £1,529,012 | £2,648,384 | £5,183,335 | £10,016,928 | |
| Cash | £134,051 | £518,298 | £518,298 | £942,309 | £612,592 | £1,803,376 | £1,900,534 | |
| Total assets less current liabilities | — | £988,004 | — | £1,308,600 | £1,461,977 | £3,084,758 | £5,022,097 | |
| Net assets | — | £988,004 | — | £1,308,600 | £1,461,977 | £3,084,758 | £5,022,097 | |
| Equity | — | £988,004 | — | £1,308,600 | £1,461,977 | £3,084,758 | £5,022,097 | |
| Average employees | — | 4 | — | 4 | 0 | 11 | 12 | |
| Wages | — | £116,233 | — | £293,606 | — | £1,220,953 | £3,659,294 | |
| Directors' remuneration | — | — | — | — | — | — | — |
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 2025-12-31 vs 2024-12-31
-
Turnover
+105.1%
£7,353,780 £15,084,361
highest in 4 filed years
-
Cash
+5.4%
£1,803,376 £1,900,534
highest in 7 filed years
-
Net assets
+62.8%
£3,084,758 £5,022,097
highest in 5 filed years
-
Employees
+9.1%
11 12
highest in 5 filed years
-
Operating profit
+93.4%
£5,178,640 £10,014,690
highest in 4 filed years
-
Profit before tax
+93.3%
£5,183,335 £10,016,928
highest in 4 filed years
-
Wages
+199.7%
£1,220,953 £3,659,294
highest in 4 filed years
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 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 61.8% | — | 66.6% | — | 70.4% | 66.4% | |
| Net margin | — | 57.3% | — | 62.1% | — | 70.5% | 66.4% | |
| Return on capital employed | — | 91.6% | — | 125.4% | — | 167.9% | 199.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 0.0% | 0.0% | |
| Current ratio | — | — | — | — | — | 3.98x | 4.41x | |
| Interest cover | — | — | — | — | — | 8867.53x | 1977.62x |
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
- Adler Shine LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- NORTH OF SOUTH CAPITAL LLP · parent
- North of South DIFC Limited 100%
Significant events
- “Despite a challenging macroeconomic backdrop characterised by inflationary pressures, interest rate tightening, and geopolitical uncertainty, the Group demonstrated resilience through its active investment approach and diversified exposure across emerging markets.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LINSEY, Matthew Alan | Llp Designated Member | 2004-08-18 | Nov 1957 | — |
| VAN LEEUWEN, Arnoud | Llp Designated Member | 2010-06-02 | Feb 1981 | — |
| DIMMICH, Kamil Maria | Llp Member | 2010-06-02 | Sep 1975 | — |
| HOLMES, Robert | Llp Member | 2018-06-06 | Aug 1967 | — |
| LEE, Conrad | Llp Member | 2025-07-01 | Jul 1985 | — |
| PAGE, Nicolas | Llp Member | 2024-01-01 | Apr 1976 | — |
| TSAI, Fu-Lin | Llp Member | 2023-01-01 | Mar 1967 | — |
| PACIFIC ASSET MANAGEMENT SERVICES LLP | Corporate Llp Member | 2017-09-28 | — | — |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAUGHAN, Mark Philip | Llp Designated Member | 2004-10-20 | 2009-11-30 |
| CHIVVIS-SHAHNAZAROV, Andrei Mark | Llp Designated Member | 2004-10-20 | 2009-11-30 |
| NATH, Vikas | Llp Designated Member | 2004-10-20 | 2009-11-30 |
| NORTH OF SOUTH CAPITAL SERVICE LIMITED | Corporate Llp Designated Member | 2004-08-18 | 2014-12-30 |
| LATHAM, Mark Geoffrey | Llp Member | 2023-01-01 | 2025-07-01 |
| WATSON, Mark | Llp Member | 2012-06-01 | 2017-04-01 |
| COMMODITY INTELLIGENCE LLP | Corporate Llp Member | 2010-06-02 | 2023-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pacific Asset Management Services Llp | Corporate entity | voting-rights-25-to-50-percent-as-firm-limited-liability-partnership | 2019-11-01 | Active |
| Mr Matthew Alan Linsey | Individual | voting-rights-25-to-50-percent-limited-liability-partnership | 2018-09-20 | Active |
Filing timeline
Last 20 of 99 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | AA | accounts | Accounts with accounts type group | |
| 2025-09-01 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-31 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-08-31 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-08-31 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-08-31 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-08-31 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-08-31 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-08-31 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-08-31 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-08-31 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2025-08-29 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-04-25 | AA | accounts | Accounts with accounts type group | |
| 2024-09-03 | AA | accounts | Accounts with accounts type full | |
| 2024-08-22 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-22 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2024-06-21 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2023-08-29 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-25 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2023-08-24 | LLTM01 | officers | Termination member limited liability partnership with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- 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.