ARES SYSTEMATIC CREDIT LIMITED
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Cash
£8.3m
-32.4% lowest in 3 filed years
Net assets
£10m
-37.8% lowest in 3 filed years
Employees
65
-1.5% lowest in 3 filed years
Profit before tax
-£6m
-9.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £14,375,452 | £19,854,566 | £17,270,658 | -13% | |
| Operating profit | -£14,715,895 | -£6,117,389 | -£7,430,472 | -21.5% | |
| Profit before tax | -£14,407,709 | -£5,463,788 | -£5,966,943 | -9.2% | |
| Net profit | -£12,747,657 | -£4,699,202 | -£6,264,468 | -33.3% | |
| Cash | £18,705,807 | £12,316,635 | £8,330,418 | -32.4% | |
| Total assets less current liabilities | £21,597,429 | £16,991,781 | £10,177,595 | -40.1% | |
| Net assets | £20,974,554 | £16,351,390 | £10,177,595 | -37.8% | |
| Equity | £20,974,554 | £16,351,390 | £10,177,595 | -37.8% | |
| Average employees | 69 | 66 | 65 | -1.5% | |
| Wages | £17,527,305 | £16,053,225 | £14,537,066 | -9.4% | |
| Directors' remuneration | — | £0 | £0 | — |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -102.4% | -30.8% | -43.0% | |
| Net margin | -88.7% | -23.7% | -36.3% | |
| Return on capital employed | -68.1% | -36.0% | -73.0% | |
| Gearing (liabilities / total assets) | 30.3% | 40.8% | 45.8% | |
| Current ratio | 3.37x | 2.42x | 2.09x | |
| Interest cover | — | -74.91x | — |
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 2 times since incorporation
- ARES SYSTEMATIC CREDIT LIMITED 2026-02-03 → present
- BLUECOVE LIMITED 2018-03-23 → 2026-02-03
- BCCO LIMITED 2018-03-22 → 2018-03-23
Audit & accounting basis
- Accounting basis
- UK Adopted IFRS
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have, at the time of approving the consolidated financial statements, a reasonable expectation that the Group and Company will have sufficient resources to continue to meet their liabilities as they fall due for at least 12 months from the date of approval”
Group structure
- ARES SYSTEMATIC CREDIT LIMITED · parent
- BlueCove USA LLC 100%
Significant events
- “On 1 February 2026, Ares Management LLC completed its acquisition of all outstanding shares of the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRUNDY, Eeva Mari Sylvia | Secretary | 2026-03-24 | — | — |
| KHEIN, Alexander | Director | 2018-03-22 | Sep 1969 | British,American |
| SMITH, Daniel Howland | Director | 2025-06-26 | Jul 1990 | American |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEBELLO, Dan-Daniel | Secretary | 2018-06-15 | 2026-03-24 |
| OKULIAR, Boris | Director | 2023-05-31 | 2025-06-26 |
| WILLIS, Hugh John Ramsay | Director | 2018-03-22 | 2026-02-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ares Management Corporation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-05-31 | Active |
| Mr Alexander Khein | Individual | Voting 25–50% | 2018-03-22 | Ceased 2026-02-01 |
| Mr Hugh John Ramsay Willis | Individual | Voting 25–50% | 2018-03-22 | Ceased 2026-02-01 |
| Mrs Louise Elizabeth Willis | Individual | Voting 25–50% | 2018-03-22 | Ceased 2026-02-01 |
Filing timeline
Last 20 of 118 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-03 CERTNM Certificate change of name company PDF
- 2025-05-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type group | |
| 2026-05-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-27 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-02-07 | SH01 | capital | Capital allotment shares | |
| 2026-02-03 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-02-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-16 | SH01 | capital | Capital allotment shares | |
| 2025-10-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-13 | SH01 | capital | Capital allotment shares | |
| 2025-09-19 | AA | accounts | Accounts with accounts type group | |
| 2025-07-10 | SH01 | capital | Capital allotment shares | |
| 2025-07-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-23 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-05-09 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 5
- Officers appointed
- 1
- 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.