The Accounts · daily brief
1 October 2026
Salesforce absorbs Informatica, Westbridge margins contract
The takeaways
- Informatica Software files on a break-up basis following its acquisition by Salesforce
- Operating profit at Westbridge Food Group fell 82% while a £15.5m dividend was paid
- Three employees at Derek Raphael & Company oversaw a £339.7m turnover before agreeing a buyout
Hiring signals · who grew, who shrank
Hiring
- Sure Call Recruitment Services Ltd 29 → 48 staff ▲ +66% staff cost +49%
- Edwardian London Management Services Limited 92 → 146 staff ▲ +59% staff cost −4%
Cutting
- Ledwood Holdings Ltd 345 → 199 staff ▼ −42% staff cost −32%
- Wilson & Co. (Motor Sales) Limited 192 → 113 staff ▼ −41% staff cost −26%
Average headcount from the accounts filed yesterday — a look back at last year's payroll, not a live hiring tracker.
Filing of note
Informatica Software Limited
Filed on a break-up (non-going-concern) basis.
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £59.5m | £60.8m | ▼ −2% |
| Gross profit | £11.2m | £9.6m | ▲ +17% |
| Admin expenses | £9.2m | £6.4m | ▲ +44% |
| Operating profit | £2m | £3.2m | ▼ −37% |
| Finance costs | — | £19,000 | |
| Profit before tax | −£20.7m | £4.3m | ▼ −584% |
| Net profit | −£20.7m | £3.6m | ▼ −672% |
| Cash & balance sheet | |||
| Cash | £4.4m | £8.6m | ▼ −48% |
| Net assets | −£2.5m | £24.1m | ▼ −110% |
| Dividends paid | −£8m | — | |
| People & pay | |||
| Avg. headcount | 90 | 92 | ▼ −2% |
| Staff cost | £16.3m | £17m | ▼ −4% |
Filed on a break-up basis after Salesforce bought the ultimate parent and transferred the staff out. A £24.3m exceptional charge accompanied a £20.7m pre-tax loss for the software firm, leaving the entity with no remaining active operations.
Westbridge Food Group Limited [1]
Margin contraction
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £568.9m | £551m | ▲ +3% |
| Gross profit | £31.4m | £52.6m | ▼ −40% |
| Admin expenses | £16.6m | £12.2m | ▲ +36% |
| Operating profit | £5.9m | £33.8m | ▼ −83% |
| Finance costs | £2.5m | £1.7m | ▲ +43% |
| Profit before tax | £3.6m | £32.2m | ▼ −89% |
| Net profit | £2.9m | £24.6m | ▼ −88% |
| Cash & balance sheet | |||
| Cash | £13.3m | £15.3m | ▼ −13% |
| Net assets | £76.3m | £88.9m | ▼ −14% |
| Dividends paid | −£15.5m | — | |
| People & pay | |||
| Avg. headcount | 342 | 264 | ▲ +30% |
| Staff cost | £13.9m | £7.2m | ▲ +94% |
| Director pay | £740k | £555k | ▲ +33% |
| Highest-paid director | £230k | £236k | ▼ −3% |
Operating profit fell 82% to £5.9m alongside a 3% rise in turnover to £568.9m, as gross profit contracted and FX hedges moved against them. The period also saw average headcount expand by 30% and the payment of a £15.5m dividend.
Vizion Network Limited [2]
Vizion Network Limited operates a UK-wide vehicle repair network (vizionnetwork.co.uk) that manages and organises the repair of accident-damaged vehicles on behalf of individuals, insurance companies, and commercial fleets.
Record PBT
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £425.2m | £454.3m | ▼ −6% |
| Gross profit | £24.2m | £20.3m | ▲ +19% |
| Admin expenses | £18.5m | £14.8m | ▲ +25% |
| Operating profit | £5.7m | £5.5m | ▲ +4% |
| Finance costs | £5,682 | £6,305 | ▼ −10% |
| Profit before tax | £7m | £6.5m | ▲ +7% |
| Net profit | £4.9m | £4.9m | ▼ −0% |
| Cash & balance sheet | |||
| Cash | £27.1m | £43.5m | ▼ −38% |
| Net assets | £10.8m | £9.9m | ▲ +9% |
| Dividends paid | −£4m | −£2m | ▼ −100% |
| People & pay | |||
| Avg. headcount | 323 | 319 | ▲ +1% |
| Staff cost | £13.4m | £11.6m | ▲ +15% |
| Director pay | £774k | £709k | ▲ +9% |
| Highest-paid director | £250k | £195k | ▲ +28% |
Turnover fell 6% to £425.2m, while a £1.2m finance credit accompanied a rise in profit before tax to £7.0m. Administrative expenses rose 25%, which the filing partly attributes to the cost of hosting an industry conference.
Derek Raphael & Company Limited [3]
Lean operation
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £339.8m | £367.5m | ▼ −8% |
| Gross profit | £12m | £10m | ▲ +20% |
| Admin expenses | £1.2m | £915k | ▲ +33% |
| Operating profit | £10.8m | £9.1m | ▲ +19% |
| Finance costs | £4.3m | £4.2m | ▲ +3% |
| Profit before tax | £6.9m | £4.9m | ▲ +40% |
| Net profit | £5.2m | £3.7m | ▲ +39% |
| Cash & balance sheet | |||
| Cash | £1.4m | £1m | ▲ +39% |
| Net assets | £20.2m | £18.8m | ▲ +8% |
| Dividends paid | −£3.7m | −£13.4m | ▲ +72% |
| People & pay | |||
| Avg. headcount | 3 | 3 | ▲ −0% |
| Staff cost | £269k | £179k | ▲ +50% |
A classic capital-light setup where just three employees oversaw £339.7m in turnover. Operating profit rose 18% to £10.8m, though £4.3m in finance costs reduced the figure before the bottom line. The entity will not remain independent, with an acquisition agreement signed just before filing.
Jcb Medway Limited [4]
JCB Medway Limited operates as part of the family-owned JCB Group, an automotive dealership network selling new and used vehicles across Kent and Sussex, and is a subsidiary of Bischoff (Holdings) Limited.
Margin squeeze
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £304m | £271.7m | ▲ +12% |
| Gross profit | £30.1m | £27.4m | ▲ +10% |
| Admin expenses | £29.2m | £25.3m | ▲ +15% |
| Operating profit | £3.4m | £4.3m | ▼ −21% |
| Finance costs | £2.3m | £2m | ▲ +16% |
| Profit before tax | £1.1m | £2.3m | ▼ −53% |
| Net profit | £897k | £1.6m | ▼ −45% |
| Cash & balance sheet | |||
| Cash | £3.6m | £3.6m | ▲ +1% |
| Net assets | £21.3m | £21.2m | ▲ +0% |
| Dividends paid | −£800k | — | |
| People & pay | |||
| Avg. headcount | 431 | 376 | ▲ +15% |
| Staff cost | £15.9m | £13.3m | ▲ +19% |
| Director pay | £44,373 | £54,659 | ▼ −19% |
The dealership added Kia Bromley to the forecourt, while turnover rose 12% to £304.0m. The expansion coincided with a heavier payroll, and operating profit fell 20% to £3.4m as the filing noted the financial penalties attached to the government's EV sales mandate.
Standard Fuel Oils Limited [5]
Operating via standardfueloils.co.uk, the business acts as a commercial fuel distribution agent and is a wholly owned subsidiary of the privately held Standard Group Holdings Limited.
Solid growth
| Line | FY26 | FY25 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £267.3m | £240.8m | ▲ +11% |
| Gross profit | £21.4m | £15.9m | ▲ +34% |
| Admin expenses | £7.3m | £5.6m | ▲ +29% |
| Operating profit | £14.1m | £10.3m | ▲ +37% |
| Finance costs | £3,435 | £5,663 | ▼ −39% |
| Profit before tax | £14.4m | £11.4m | ▲ +26% |
| Net profit | £10.8m | £8.6m | ▲ +26% |
| Cash & balance sheet | |||
| Cash | £7.2m | £18.5m | ▼ −61% |
| Net assets | £25.8m | £24.1m | ▲ +7% |
| Dividends paid | −£9.1m | −£22.3m | ▲ +59% |
| People & pay | |||
| Avg. headcount | 60 | 46 | ▲ +30% |
| Staff cost | £3.7m | £2.7m | ▲ +37% |
| Director pay | £529k | £370k | ▲ +43% |
| Highest-paid director | £304k | £211k | ▲ +44% |
A notably steady set of numbers from the fuel distributor following its integration of Solo Petroleum. Turnover rose 11% to £267.3m while operating profit outpaced it, rising 37% to £14.1m.
An eight-figure dividend paid alongside an 82% profit drop is certainly worth a raised eyebrow.
Sources
- Westbridge Food Group Limited
- Vizion Network Limited
- Derek Raphael & Company Limited
- Jcb Medway Limited
- Standard Fuel Oils Limited