PROXYMITY LIMITED
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Cash
£5.4m
USD 7,337,000
+4% vs 2024
Net assets
-£75m
USD -100,819,000
-19.4% lowest in 3 filed years
Employees
192
+12.3% highest in 3 filed years
Profit before tax
-£17m
USD -22,308,000
+7.8% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Discretionary 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 | £5,491,057 | £6,892,709 | £8,923,191 | +29.5% | |
| Operating profit | -£20,965,642 | -£17,998,249 | -£16,572,171 | +7.9% | |
| Profit before tax | -£20,711,484 | -£17,951,289 | -£16,555,102 | +7.8% | |
| Net profit | -£20,686,382 | -£18,012,576 | -£16,618,924 | +7.7% | |
| Cash | £9,753,687 | £5,234,798 | £5,444,898 | +4% | |
| Total assets less current liabilities | -£44,202,228 | -£62,653,613 | -£74,819,295 | -19.4% | |
| Net assets | -£44,202,228 | -£62,653,613 | -£74,819,295 | -19.4% | |
| Equity | — | — | — | — | |
| Average employees | 171 | 171 | 192 | +12.3% | |
| Wages | £11,774,396 | £12,878,860 | £13,664,564 | +6.1% | |
| Directors' remuneration | £193,756 | £235,594 | £267,161 | +13.4% | |
| Directors' pension contributions | £23,533 | £19,102 | £16,327 | -14.5% | |
| Highest paid director | £193,756 | £235,594 | £267,161 | +13.4% |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | — | — | -185.7% | |
| Net margin | — | — | -186.2% | |
| Gearing (liabilities / total assets) | 365.8% | 688.2% | 822.6% | |
| Current ratio | 0.22x | 0.13x | 0.12x |
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
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management has concluded that it is appropriate to prepare the financial statements on a going concern basis and that no material uncertainty exists that would cast significant doubt on the Company's ability to continue as a going concern.”
Group structure
- PROXYMITY LIMITED · parent
- Proxymity TLV 100%
- Proxymity Pty Ltd. 100%
- Proxymity Sdn Bhd 100%
Significant events
- “Subsequent to the year end, on 11 February 2026, the Company's parent company received an equity investment from Euroclear SA/NV of approximately US$5.0 million.”
- “On 11 September 2026, the parent company entered into a convertible note financing arrangement with certain existing investors to raise up to an aggregate of US$8.0 million under Tranche 1 and US$12.0 million under Tranche 2.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LITTLE, Dean | Director | 2020-04-23 | Jan 1982 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Moorgate Pv Holdings Llc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-04-23 | Ceased 2020-04-23 |
Filing timeline
Last 18 of 18 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | AA | accounts | Accounts with accounts type group | |
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-11 | AA | accounts | Accounts with accounts type group | |
| 2025-04-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-12 | AA | accounts | Accounts with accounts type group | |
| 2024-04-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-06 | AA | accounts | Accounts with accounts type group | |
| 2023-04-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-03 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-04-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-01 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-04-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-01-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2020-11-12 | AA01 | accounts | Change account reference date company current shortened | |
| 2020-06-26 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2020-05-05 | SH01 | capital | Capital allotment shares | |
| 2020-04-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-04-23 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.