WE SODA INVESTMENTS HOLDING PLC
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Cash
£936k
USD 1,259,000
+2,469.4% highest in 3 filed years
Net assets
-£19m
USD -25,636,000
-215.4% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£14m
USD -18,706,000
-32.2% lowest 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 Basic Materials 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 | — | — | — | — | |
| Operating profit | -£28,242 | -£125,604 | -£96,618 | +23.1% | |
| Profit before tax | £5,267,187 | -£10,517,280 | -£13,902,638 | -32.2% | |
| Net profit | £5,267,187 | -£11,355,630 | -£13,013,006 | -14.6% | |
| Cash | £43,107 | £36,418 | £935,712 | +2,469.4% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £5,315,496 | -£6,040,134 | -£19,053,140 | -215.4% | |
| Equity | £5,315,496 | -£6,040,134 | -£19,053,140 | -215.4% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.743 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 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 99.3% | 100.5% | 101.7% | |
| Current ratio | 0.65x | 0.78x | — | |
| Interest cover | -0.00x | -0.00x | -0.00x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have assessed the financial strength of WE Soda Ltd and the Group and have therefore determined that the Company has access to sufficient resources and liquidity to continue in operational existence and to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. Accordingly, the financial statements have been prepared on the going concern basis.”
Significant events
- “On 24 February 2026, the Company issued $250 million of bonds through a private placement under the existing arrangement.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMALL, Jeremy Peter | Secretary | 2023-07-27 | — | — |
| ERDOGAN, Mehmet Ali | Director | 2022-01-24 | Oct 1970 | British |
| HALL, Nicholas Rodney | Director | 2023-07-27 | Aug 1974 | British |
| TOHMA, Ahmet | Director | 2023-07-27 | Oct 1980 | Turkish |
| WARREN, Alasdair John | Director | 2022-01-24 | Jul 1966 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ERDOGAN, Erdogan | Secretary | 2022-01-24 | 2023-07-27 |
| CINER, Ikbal Didem | Director | 2022-01-24 | 2023-07-27 |
| USTA, Gursel | Director | 2022-01-24 | 2023-07-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Turgay Ciner | Individual | Significant influence | 2022-01-24 | Ceased 2022-09-09 |
| Akkan Enerji Ve Madencilik As | Corporate entity | Significant influence | 2022-01-24 | Ceased 2022-09-09 |
| We Soda Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-24 | Active |
Filing timeline
Last 20 of 34 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-02 | AA | accounts | Accounts with accounts type full | |
| 2026-06-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | CH01 | officers | Change person director company with change date | |
| 2025-07-15 | AA | accounts | Accounts with accounts type full | |
| 2025-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-03 | AA | accounts | Accounts with accounts type full | |
| 2024-02-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-31 | SH50 | reregistration | Application trading certificate | |
| 2023-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-06 | CERT8A | incorporation | Legacy | |
| 2023-10-06 | ANNOTATION | miscellaneous | Legacy | |
| 2023-09-25 | CERT8A | incorporation | Legacy | |
| 2023-07-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-27 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.