TRUETIDE PLC
Get an alert when TRUETIDE PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£151k
+136.5% vs 2025
Net assets
£2.2m
-4.9% lowest in 3 filed years
Employees
3
-40% lowest in 3 filed years
Profit before tax
-£425k
+61% 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 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £60,896 | £20,500 | £13,941 | -32% | |
| Operating profit | -£8,207,417 | -£998,488 | -£385,016 | +61.4% | |
| Profit before tax | -£8,193,316 | -£1,088,901 | -£424,969 | +61% | |
| Net profit | -£7,249,266 | -£1,088,901 | -£424,969 | +61% | |
| Cash | £1,742,315 | £63,671 | £150,596 | +136.5% | |
| Total assets less current liabilities | £3,397,326 | £2,329,504 | £2,216,194 | -4.9% | |
| Net assets | £3,397,326 | £2,329,504 | £2,216,194 | -4.9% | |
| Equity | £3,397,326 | £2,329,504 | £2,216,194 | -4.9% | |
| Average employees | 5 | 5 | 3 | -40% | |
| Wages | £427,451 | £294,678 | £205,962 | -30.1% | |
| Directors' remuneration | £352,832 | £277,821 | £207,512 | -25.3% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Return on capital employed | -241.6% | -42.9% | -17.4% | |
| Gearing (liabilities / total assets) | 3.0% | 2.4% | 4.7% | |
| Current ratio | 17.74x | 2.01x | 1.60x |
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.
Name history
Renamed 1 time since incorporation
- TRUETIDE PLC 2025-10-09 → present
- BRAVEHEART INVESTMENT GROUP PLC 2003-04-07 → 2025-10-09
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- MAH, Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors, having reviewed the Group's and Company's budgets and plans, taking account of reasonably possible changes in trading performance, have a reasonable expectation that the Group and the Company have adequate resources to continue in operational existence for the foreseeable future and that it is therefore appropriate to continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- TRUETIDE PLC · parent
- Braveheart Investment Group Limited 100%
- Braveheart Academic Seed Funding GP Limited 100%
- Ridings Holdings Limited 100%
- The Ridings Early Growth Investment Company Limited 100%
- Paraytec Limited 100%
Significant events
- “On 25 June 2026, the Company reported that Paraytec and VosBio are in the early stages of a collaboration to develop a non-invasive test for the early detection of lung cancer in exhaled breath.”
- “On 5 June 2026, Image Scan announced a substantial contract to supply 25 of its ThreatScan® portable X-ray systems to a European government defence organisation for use in Explosive Ordnance Disposal operations.”
- “On 3 June 2026 it launched IB Nimble™ 2, a substantially upgraded secure platform (web, iOS and Android) for multidisciplinary clinical collaboration, tumour-board discussions and emergent care.”
- “On 9 June 2026, Imaging Biometrics announced publication of the Phase 1 Clinical Trial results of oral gallium maltolate (GaM) in recurrent glioblastoma... Imaging Biometrics intends to reactivate its Expanded Access Programme (EAP) to enrol up to 20 additional patients.”
- “The group sold Kirkstall Limited during the year, as well as some shares in Built Cybernetics plc (previously Aukett Swanke plc) and Image Scan Holdings plc in the year, resulting in a profit on disposal of £115,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GBAC LIMITED | Corporate Secretary | 2018-02-01 | — | — |
| BROWN, Trevor Edward | Director | 2014-04-01 | Jun 1946 | British |
| HALLAM, Vivian David | Director | 2017-06-07 | Sep 1958 | British |
| LI, Qu, Dr | Director | 2021-06-16 | Oct 1963 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, Aileen | Secretary | 2012-01-26 | 2015-04-20 |
| BROWN, Kevin Christie | Secretary | 2015-04-20 | 2016-03-31 |
| GRANT, Colin Craigie | Secretary | 2008-10-15 | 2012-01-09 |
| SMITH, Carolyn | Secretary | 2003-07-01 | 2008-10-15 |
| 1924 NOMINEES LTD | Corporate Secretary | 2003-04-07 | 2003-07-01 |
| WATSON MORGAN ASSOCIATES LIMITED | Corporate Secretary | 2016-04-01 | 2018-02-01 |
| BOWLES, Martin Andrew | Director | 2014-10-01 | 2016-03-02 |
| BROWN, Aileen | Director | 2012-01-31 | 2015-04-20 |
| BROWN, John Kenneth | Director | 2007-09-12 | 2015-03-31 |
| BURTON, Andrew Thomas Guy | Director | 2015-09-24 | 2017-09-01 |
| CUNNINGHAM, Edward Brandwood | Director | 2003-07-01 | 2013-09-26 |
| DELMAR-MORGAN, Jeremy | Director | 2008-06-03 | 2016-07-31 |
| FREEMAN, Jonathan David | Director | 2015-08-21 | 2021-03-29 |
| GRANT, Colin Craigie | Director | 2008-10-15 | 2012-01-09 |
| HAGAN, Susan Anne, Dr | Director | 2021-05-18 | 2025-12-31 |
| MACPHERSON, Agnes Lawrie Addie Shonaig | Director | 2005-10-01 | 2008-09-10 |
| SMITH, Carolyn | Director | 2006-03-14 | 2015-05-06 |
| THOMSON, Geoffrey Charles Byars | Director | 2003-04-08 | 2015-08-21 |
| THREIPLAND, Andrew Murray | Director | 2003-07-01 | 2004-02-05 |
| TURNER, Donald Ian | Director | 2004-02-28 | 2008-09-10 |
| WATSON, Garry Sanderson | Director | 2003-07-01 | 2013-03-31 |
| 1924 DIRECTORS LIMITED | Corporate Director | 2003-04-07 | 2003-07-01 |
| ARCHIBALD CAMPBELL & HARLEY | Corporate Director | 2003-04-07 | 2003-04-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Trevor Edward Brown | Individual | Shares 25–50%, Voting 25–50% | 2024-11-29 | Active |
| Mr Trevor Edward Brown | Individual | Shares 25–50% | 2017-06-26 | Ceased 2020-06-30 |
Filing timeline
Last 20 of 209 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-09 CERTNM Certificate change of name company
- 2025-10-09 RESOLUTIONS Resolution
- 2024-08-07 RESOLUTIONS Resolution
- 2023-08-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-23 | AA | accounts | Accounts with accounts type group | |
| 2026-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-09 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-10-09 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-13 | AA | accounts | Accounts with accounts type group | |
| 2025-08-06 | SH01 | capital | Capital allotment shares | |
| 2025-08-06 | SH01 | capital | Capital allotment shares | |
| 2025-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-10 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-08-07 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-26 | AA | accounts | Accounts with accounts type group | |
| 2024-04-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-14 | AA | accounts | Accounts with accounts type group | |
| 2023-08-22 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-10 | SH01 | capital | Capital allotment shares | |
| 2022-09-28 | SH01 | capital | Capital allotment shares | |
| 2022-09-16 | RP04SH01 | capital | Second filing capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 2
- 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.