TIDE PLATFORM LTD
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Cash
£39M
+25% vs 2023
Net assets
£7.7M
+9.4% vs 2023
Employees
956
+30.1% vs 2023
Profit before tax
-£13M
+62.1% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £113,564,000 | £177,186,000 | +56% | |
| Operating profit | -£33,200,000 | -£11,312,000 | +65.9% | |
| Profit before tax | -£34,849,000 | -£13,221,000 | +62.1% | |
| Net profit | -£34,152,000 | -£14,238,000 | +58.3% | |
| Cash | £31,127,000 | £38,913,000 | +25% | |
| Total assets less current liabilities | £19,667,000 | £13,936,000 | -29.1% | |
| Net assets | £7,012,000 | £7,674,000 | +9.4% | |
| Equity | £7,012,000 | £7,674,000 | +9.4% | |
| Average employees | 735 | 956 | +30.1% | |
| Wages | £41,719,000 | £50,903,000 | +22% | |
| Directors' remuneration | £1,666,000 | £2,061,000 | +23.7% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -29.2% | -6.4% | |
| Net margin | -30.1% | -8.0% | |
| Return on capital employed | -168.8% | -81.2% | |
| Gearing (liabilities / total assets) | 86.8% | 87.4% | |
| Current ratio | 1.55x | 1.26x | |
| Interest cover | -9.65x | -3.48x |
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.
Name history
Renamed 1 time since incorporation
- TIDE PLATFORM LTD 2016-10-17 → present
- STARFISH PLATFORM LIMITED 2015-05-18 → 2016-10-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In adopting the going concern basis of preparing the financial statements, the directors have considered the business activities and future plans to develop its product offering and scale its member base, as well as the Company's principal risks and uncertainties set out in the Strategic Report. Based on cash flow forecasts, financial projections and investor confidence following recent equity fundraising and debt refinancing, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the annual financial statements.”
Group structure
- TIDE PLATFORM LTD · parent
- Tide Platform Private Limited 1%
- Tide Platform Technology and Servicing Private Limited 100%
Significant events
- “In October 2024, the Company acquired the technology, employees and existing customers of Onfolk Limited as part of Tide's expansion strategy to accelerate its existing product offerings by introducing payroll and human resource features to our members.”
- “The Company refinanced the revolving facility in April 2024, extending the maturity from April 2024 to April 2025 with the revision on interest from 10.25% to 12.25%. This was again extended from April 2025 to July 2026 which allows the Company to maintain its current liquidity levels, as well as maintain the operational and expansion strategies going forward.”
- “Post year end funding activities to support product and software development and international expansion include additional debt funding extension of £5m of existing loans borrowed by Tide Platform Limited in July 2025 and equity funding of £7.2m from its parent company, Tide Holdings Limited.”
- “The Company has branches outside the UK: Bulgaria (opened November 2018), Serbia (opened June 2023), Germany (opened March 2024), Lithuania (opened September 2024), Romania (opened June 2025).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DIMOND, Claire Margaret | Secretary | 2025-08-26 | — | — |
| BUDZYNSKA, Martyna Ewa | Director | 2026-02-18 | Aug 1987 | British |
| MARRIOTT, Rebecca Louise | Director | 2020-10-01 | Jul 1987 | British |
| MCCABE, Shaun Stephen, Mr. | Director | 2024-11-20 | Oct 1968 | British |
| PRILL, Oliver Rainer Andreas, Dr | Director | 2018-09-01 | May 1971 | German |
| RAMANI, Vinay | Director | 2023-11-13 | Jan 1977 | American |
| SCHMIDT, Gyorgy Pal | Director | 2024-04-08 | May 1987 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HASKELL, Eliza | Secretary | 2019-09-24 | 2025-08-26 |
| BEVIS, Frederick George Kent | Director | 2015-05-18 | 2019-09-24 |
| DUNCAN, Guy Oliver | Director | 2019-12-11 | 2024-05-10 |
| HASKELL, Eliza | Director | 2019-09-24 | 2026-02-01 |
| KRIEGER, Laurence David | Director | 2019-08-22 | 2021-10-25 |
| SUTHERLAND, Ian Mackenzie | Director | 2019-09-03 | 2024-06-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tide Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-03-30 | Active |
Filing timeline
Last 20 of 120 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | SH01 | capital | Capital allotment shares | |
| 2026-03-31 | SH01 | capital | Capital allotment shares | |
| 2026-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-23 | SH01 | capital | Capital allotment shares | |
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-02 | SH01 | capital | Capital allotment shares | |
| 2026-01-07 | SH01 | capital | Capital allotment shares | |
| 2025-11-24 | SH01 | capital | Capital allotment shares | |
| 2025-08-30 | SH01 | capital | Capital allotment shares | |
| 2025-08-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-08-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-05 | AA | accounts | Accounts with accounts type full | |
| 2025-07-29 | SH01 | capital | Capital allotment shares | |
| 2025-06-30 | SH01 | capital | Capital allotment shares | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-29 | SH01 | capital | Capital allotment shares | |
| 2025-03-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-25 | SH01 | capital | Capital allotment shares | |
| 2025-01-30 | SH01 | capital | Capital allotment shares | |
| 2024-12-20 | AD02 | address | Change sail address company with old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 12
- 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.