A fraudulent tender hits the P&L, while Resapol expands

The takeaways

Consulting Engineers Group saw operating profit sink to £9.6k, with expenses including a tender fraud loss
Resapol's turnover climbed 23% to £25.1m, with a £180k dividend paid after a prior year without a payout
Directors' remuneration at Resapol rose 25% to £464k, while average headcount at the firm ticked down

Hiring signals · who grew, who shrank

Hiring

None worth flagging.

Cutting

Resapol Limited 55 → 52 staff ▼ −5% staff cost +8%

Average headcount from the accounts filed yesterday — a look back at last year's payroll, not a live hiring tracker.

Resapol Limited [1]

3863571 · Parent-only

Operating independently across the UK, the company is a specialist wholesale supplier of construction chemicals and materials, providing products such as waterproofing, concrete treatments, and joint sealants to civil engineering and building contractors.

Profitable expansion

Line	FY25	FY24	YoY
Profit & loss
Turnover	£25.1m	£20.4m	▲ +23%
Gross profit	£6.2m	£5.7m	▲ +9%
Admin expenses	£4.8m	£4.5m	▲ +7%
Operating profit	£299k	£239k	▲ +25%
Finance costs	£8,453	£6,698	▲ +26%
Profit before tax	£329k	£249k	▲ +32%
Net profit	£235k	£184k	▲ +28%
Cash & balance sheet
Cash	£92,300	£226k	▼ −59%
Net assets	£421k	£366k	▲ +15%
Dividends paid	£180k	—
People & pay
Avg. headcount	52	55	▼ −5%
Staff cost	£2.7m	£2.5m	▲ +8%
Director pay	£464k	£372k	▲ +25%
Highest-paid director	£208k	£157k	▲ +33%

The construction chemicals wholesaler reported a steady set of accounts, with operating profit rising to £299k alongside a stronger top line. Staff costs rose to £2.7m while the workforce narrowed slightly to 52 employees. Beyond the core trading, the balance sheet notes a £132k debt owed by a related oil and grease company with common directors.

Consulting Engineers Group Uk Ltd [2]

14657238 · Parent-only

The company operates as the British subsidiary of the Indian infrastructure consultancy Consulting Engineers Group, providing civil engineering design, project management, and technical advisory services.

Fraud loss

Line	FY26	FY25	YoY
Profit & loss
Turnover	£311k	£601k	▼ −48%
Gross profit	£266k	£431k	▼ −38%
Admin expenses	£256k	£409k	▼ −37%
Operating profit	£9,573	£21,947	▼ −56%
Finance costs	£4,980	£2,079	▲ +140%
Profit before tax	£4,594	£19,873	▼ −77%
Net profit	£2,754	£16,594	▼ −83%
Cash & balance sheet
Cash	£10,268	£35,389	▼ −71%
Net assets	£81,568	£78,814	▲ +3%
People & pay
Avg. headcount	4	4	▲ −0%
Staff cost	£175k	£299k	▼ −41%
Director pay	£100k	£150k	▼ −33%
Highest-paid director	£100k	£150k	▼ −33%

Revenue at the UK arm of the Indian infrastructure consultancy halved to £311k, while directors' remuneration fell by a third to £100k. A notable inclusion in the administrative expenses, however, was the £11.5k lost to a fraudulent tender claiming to represent Saudi Arabia Oil. It is a significant exceptional item for a business that ultimately reported £2.7k in net profit.

A reminder that if an unsolicited email offers a lucrative oil contract, the initial deposit is usually best kept in the bank.

Sources

Resapol Limited (3863571)
Consulting Engineers Group Uk Ltd (14657238)