{"name":"IWOCA TETRA LIMITED","company_number":"15794782","status":"Active","type":"Private Limited Company","incorporated":"2024-06-22","dissolved":null,"registered_office":"Central Court 25 Southampton Buildings, C/O Circumference Fs (Uk) Limited, London, United Kingdom, WC2A 1AL","postcode":"WC2A 1AL","sic_codes":[{"code":64999,"description":"Financial intermediation not elsewhere classified"}],"principal_activity":"The Company was established as a special purpose vehicle (“SPV”) to act as a provider of finance to its parent company, iwoca Limited (together with its subsidiaries, the “Group” or “iwoca”), through the structured acquisition and sale of unsecured business loan portfolios to SMEs (the “Loans”) from iwoca Limited (the “Originator” and the “Seller”). On 16 October 2024, the Company acquired an initial portfolio of Loans from the Seller and has continued to acquire further Loans both throughout the period and after the period end. The Company is funded through facilities from third parties (the “Senior Loan Note” and “Mezzanine Loan Note”) and through a subordinated loan from the Originator (the “Subordinated Loan”) (together the “Loan Notes”). The Loan Notes have a two year availability period which expires on 3 October 2026. The Senior Loan Note has a maximum facility limit of £160,000,000 and has a maturity date of 3 April 2032. The Mezzanine Loan Note has a maximum facility limit of ","previous_names":[],"warnings":[],"accounts":{"category":"Full","year_end":"31 December","last_made_up_to":"2025-12-31","next_due":"2027-09-30"},"employees":{"count":0,"accounts_date":"2024-12-31"},"financials":[{"financial_date":"2024-12-31","turnover":240000,"net_assets":1000,"cash":10826000,"average_employees":0}],"officers":{"current":2,"resigned":0,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":null,"outstanding":null},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"IWOCA TETRA LIMITED is an early-stage UK financial intermediary majority-owned by Circumference Fs (UK) Limited, combining a large £64.0 million balance sheet and £10.8 million cash position with minimal equity of £1,000 and modest initial turnover. Its strengths lie in group backing, London location, and liquidity, while its main constraints are thin capital, parent-company dependency, and an unproven revenue model. The company should prioritise scaling intermediation volumes and adjacent financial services while strengthening regulatory compliance and capital resilience.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/iwoca-tetra","people":"https://www.companiesintheuk.co.uk/company/iwoca-tetra/people","filing_history":"https://www.companiesintheuk.co.uk/company/iwoca-tetra/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/15794782","financials":"https://www.companiesintheuk.co.uk/company/iwoca-tetra/financial","control":"https://www.companiesintheuk.co.uk/company/iwoca-tetra/control","charges":"https://www.companiesintheuk.co.uk/company/iwoca-tetra/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/iwoca-tetra/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/iwoca-tetra"}