CompanyTrack
M

MINDTRACE LIMITED

Active Manchester

Other professional, scientific and technical activities n.e.c.

17 employees Website
Software Other professional, scientific and technical activities n.e.c.
M

MINDTRACE LIMITED

Other professional, scientific and technical activities n.e.c.

Founded 23 Jan 2017 Active Manchester, England 17 employees mindtrace.ai
Software Other professional, scientific and technical activities n.e.c.
Accounts Submitted 30 Jun 2025
Confirmation Statement Submitted 5 Feb 2025
Net assets £-96.02K £1.39M 2024 year on year
Total assets £0.00 £1.48M 2024 year on year
Total Liabilities £745.17K £559.08K 2024 year on year
Charges 1
1 satisfied

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Contact & Details

Registered Address

The Copper Room Deva City Office Park Trinity Way Manchester M3 7BG England

Office (Manchester)

Chambers, 3, Parsonage Chambers, 3 Parsonage, Manchester M3 2HW

Telephone

0333 358 3708

Credit Report

Discover MINDTRACE LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

Financials

Financials

Period 1 Jan → 31 Dec 2024
Type Total Exemption Full
Next accounts 31 December 2025
Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2017–2024)

Cash in Bank

£15.27k

Decreased by £758.18k (-98%)

Net Assets

-£96.02k

Decreased by £1.39M (-107%)

Total Liabilities

£745.17k

Increased by £559.08k (+300%)

Turnover

N/A

Employees

17

Decreased by 8 (-32%)

Debt Ratio

N/A

Decreased by 13 (-100%)

Financial History

Revenue, profit, EBITDA and key financial figures

2024
Dec Year End
2023
Dec Year End
P&L
Revenue
£142.3M
£128.7M
Gross Profit
£48.2M
£43.1M
Operating Profit
£22.4M
£19.8M
Net Profit
£18.1M
£15.9M
EBITDA
£31.5M
£28.2M
Assets
Cash
£24.7M
£21.3M
Total Assets
£89.4M
£82.1M
Liabilities
Total Liabilities
£45.2M
£41.8M
Key Metrics
Employees
1,247
1,156
Latest Revenue
£142.3M
Latest EBITDA
£31.5M
Cash Position
£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share Capital

Share allotments and capital structure

7 Allotments 428,326 Shares £8.71m Total
Date FromShare ClassShares AllottedAmount RaisedPrice/Share
11 Feb 202521,965£500k£22.76
10 Oct 2024197,687£4.50m£22.76
25 May 20232,347£4k£1.86
2 Mar 202365,863£1.23m£18.61
31 Aug 2021492£9k£18.627

Officers

Officers

5 active 7 resigned
Status
Bloc Ventures Directors LtdCorporate-directorUnited KingdomUnknown27 Jul 2021Active
Chery GoldenDirectorAmericanUnited States4410 Oct 2024Active
Hoon ChungDirectorAmericanUnited States681 Mar 2020Active
Hossein YassaieDirectorBritishEngland696 Nov 2017Active
Mercia Fund Management (nominees) LimitedCorporate-directorUnited KingdomUnknown1 Apr 2025Active

Shareholders

Shareholders (18)

Npif Yhtv Equity Lp
15.4%
109,8265 Feb 2025
Skylake Capital
9.4%
67,1685 Feb 2025
Skylake Capital
0.1%
4925 Feb 2025

Persons with Significant Control

Persons with Significant Control (0)

0 Active 3 Ceased

Kameliya Dimova

Ceased 6 Nov 2017

Ceased

Npif Yhtv Equity Lp

Ceased 10 Oct 2024

Ceased

Michael James Denham

Ceased 6 Nov 2017

Ceased

Group Structure

Group Structure

No group structure identified

Charges

Charges

1 satisfied

Documents

Company Filings

DateCategoryDescriptionDocument
30 Jun 2025AccountsAnnual accounts made up to 2024-09-30View(11 pages)
6 Apr 2025OfficersTermination of Ashwin Kumar Kumaraswamy as director on 2025-03-31View(1 page)
6 Apr 2025OfficersAppointment of Mercia Fund Management (Nominees) Limited as director on 2025-04-01View(2 pages)
11 Feb 2025CapitalAllotment of shares (GBP 733.515) on 2025-02-11View(4 pages)
5 Feb 2025Confirmation StatementConfirmation statement made on 2025-01-22 with updatesView(5 pages)
30 Jun 2025 Accounts

Annual accounts made up to 2024-09-30

6 Apr 2025 Officers

Termination of Ashwin Kumar Kumaraswamy as director on 2025-03-31

6 Apr 2025 Officers

Appointment of Mercia Fund Management (Nominees) Limited as director on 2025-04-01

11 Feb 2025 Capital

Allotment of shares (GBP 733.515) on 2025-02-11

5 Feb 2025 Confirmation Statement

Confirmation statement made on 2025-01-22 with updates

Recent Activity

Latest Activity

Annual accounts made up to 2024-09-30

7 months ago on 30 Jun 2025

Termination of Ashwin Kumar Kumaraswamy as director on 2025-03-31

10 months ago on 6 Apr 2025

Appointment of Mercia Fund Management (Nominees) Limited as director on 2025-04-01

10 months ago on 6 Apr 2025

Allotment of shares (GBP 733.515) on 2025-02-11

1 years ago on 11 Feb 2025

Confirmation statement made on 2025-01-22 with updates

1 years ago on 5 Feb 2025