K2 CAT LIMITED
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Cash
—
Latest balance sheet
Net assets
£653K
-28.9% lowest in 3 filed years
Employees
2
0% vs 2024
Profit before tax
-£343K
+73.6% highest in 3 filed years
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 | £897,000 | £189,000 | £608,000 | +221.7% | |
| Operating profit | -£1,493,000 | -£1,325,000 | -£357,000 | +73.1% | |
| Profit before tax | -£1,922,000 | -£1,300,000 | -£343,000 | +73.6% | |
| Net profit | -£1,573,000 | -£982,000 | -£266,000 | +72.9% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £1,871,000 | £920,000 | — | — | |
| Net assets | £1,871,000 | £919,000 | £653,000 | -28.9% | |
| Equity | £1,871,000 | £919,000 | £653,000 | -28.9% | |
| Average employees | 3 | 2 | 2 | 0% | |
| Wages | £525,000 | £481,000 | £338,000 | -29.7% | |
| Directors' remuneration | £440,000 | £365,000 | £222,000 | -39.2% |
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 | -166.4% | — | -58.7% | |
| Net margin | -175.4% | — | -43.8% | |
| Return on capital employed | -79.8% | -144.0% | — | |
| Gearing (liabilities / total assets) | — | 0.8% | 4.4% |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are confident the Company is a going concern and has adequate resources to continue in operational existence for the 12-month period from the signing of these financial statements.”
Significant events
- “The Company ceased underwriting new business in the year and is now in run-off.”
- “In January 2025, the parent undertaking, K2 Group Holdings Limited, obtained regulatory authorisation by the Financial Conduct Authority.”
- “From 17 March 2025, the Company transitioned its appointed representative status from Talsen to K2 Group Holdings Limited, which became the primary FCA principal from 01 April 2025. The contract with Talsen to provide FCA principal services was terminated in October 2025 following a period of handover.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COELLO, Richard James | Director | 2024-03-01 | Dec 1976 | British |
| KIMMEL, Robert | Director | 2020-03-24 | May 1971 | American |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CALLIDUS SECRETARIES LIMITED | Corporate Secretary | 2024-01-01 | 2024-11-12 |
| CARSON, David Hastings Elwin | Director | 2020-05-29 | 2025-10-13 |
| HUNTER, Nathan | Director | 2020-03-10 | 2020-05-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| K2 Group Holdings Limited | Corporate entity | Shares 50–75%, Voting 75–100%, Appoints directors | 2020-03-10 | Active |
Filing timeline
Last 20 of 30 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-21 | AA | accounts | Accounts with accounts type full | |
| 2026-03-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-20 | AA | accounts | Accounts with accounts type full | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-03-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-22 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2024-02-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-07-27 | AA | accounts | Accounts with accounts type full | |
| 2023-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-29 | AA | accounts | Accounts with accounts type full | |
| 2022-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-27 | AA | accounts | Accounts with accounts type full | |
| 2021-06-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-04-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-12-01 | AA01 | accounts | Change account reference date company current shortened | |
| 2020-06-22 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.