The Accounts · daily brief
2 October 2026
Aldi tops £19bn, a £113m dividend structure
The takeaways
- Aldi breached £19bn in turnover, but net profit fell 14% to £261.4m as the filing notes price investments
- A £113m dividend was upstreamed from a NEO holding company that ended the year with just £5m in net assets
- KP Snacks posted a £129.7m operating profit and paid an £84m dividend, following the Whole Earth acquisition
Hiring signals · who grew, who shrank
Hiring
- Verita Hr Limited 533 → 1,072 staff ▲ +101% staff cost +3%
- Kings Guarding Solutions Limited 368 → 715 staff ▲ +94% staff cost +124%
Cutting
- C.G.H. Holdings Limited 72 → 37 staff ▼ −49% staff cost −48%
- Ricor Limited 127 → 68 staff ▼ −46% staff cost −43% accounts on a break-up basis
Average headcount from the accounts filed yesterday — a look back at last year's payroll, not a live hiring tracker.
Filing of note
Neo Next+ Energy Elf Uk Limited
Formerly known as Elf Exploration UK Limited, this private company operates as an upstream crude petroleum extraction business in the UK North Sea, backed by the TotalEnergies group.
Paid a £113m dividend on £5m of equity.
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Admin expenses | £6,000 | £5,000 | ▲ +20% |
| Operating profit | −£6,000 | −£5,000 | ▼ −20% |
| Finance costs | £98,000 | — | |
| Profit before tax | £19m | £63.1m | ▼ −70% |
| Net profit | £19m | £63.1m | ▼ −70% |
| Cash & balance sheet | |||
| Net assets | £5m | £99m | ▼ −95% |
| Dividends paid | −£113m | −£63m | ▼ −79% |
| People & pay | |||
| Avg. headcount | 0 | 0 | |
The accounts show a holding company distributing a £113m dividend while closing the year with £5m in net assets. With no core trading, it posted a £6k operating loss, offset by £19m in investment income. The dividend distribution reduced the balance sheet profile, dropping net assets from £99m in the prior year.
Aldi Stores Limited [1]
Operating via aldi.co.uk, the company is the UK and Ireland subsidiary of the privately held German multinational Aldi Süd group, running a nationwide chain of discount supermarkets.
Price investments
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £19.0bn | £18.1bn | ▲ +5% |
| Gross profit | £1.0bn | £945.3m | ▲ +9% |
| Admin expenses | £597.7m | £505.9m | ▲ +18% |
| Operating profit | £432.9m | £435.5m | ▼ −1% |
| Finance costs | £44.3m | £35.5m | ▲ +25% |
| Profit before tax | £400.5m | £416.2m | ▼ −4% |
| Net profit | £261.4m | £303m | ▼ −14% |
| Cash & balance sheet | |||
| Cash | £132.8m | £117.8m | ▲ +13% |
| Net assets | £3.7bn | £3.6bn | ▲ +2% |
| Dividends paid | −£250m | — | |
| People & pay | |||
| Avg. headcount | 49,661 | 50,655 | ▼ −2% |
| Staff cost | £1.7bn | £1.6bn | ▲ +4% |
| Director pay | £6.8m | £6.2m | ▲ +9% |
| Highest-paid director | £2.6m | £2.4m | ▲ +8% |
The discount supermarket breached the £19bn mark with a 5% rise in turnover, though operating profit held flat at £432.9m. The filing notes "substantial investments" to maintain pricing, coinciding with a 14% fall in net profit to £261.4m. Administrative expenses rose 18% to £597.7m, and total staff costs increased to £1.67bn while average headcount trimmed slightly to 49,661.
Vauxhall Motors Limited [2]
Operating under the Vauxhall marque, the company is a British motor vehicle manufacturer and distributor that sits within Opel Automobile GmbH as part of the multinational automotive group Stellantis, formed by the 2021 merger of Groupe PSA and Fiat Chrysler Automobiles.
Margin pressure
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £2.1bn | £2.2bn | ▼ −3% |
| Gross profit | £97.9m | £114.6m | ▼ −15% |
| Admin expenses | £31.5m | £31.8m | ▼ −1% |
| Operating profit | £43.2m | £59.4m | ▼ −27% |
| Finance costs | £300k | £600k | ▼ −50% |
| Profit before tax | £69.6m | £80.9m | ▼ −14% |
| Net profit | £62.3m | £70.8m | ▼ −12% |
| Cash & balance sheet | |||
| Net assets | £223.9m | £161.5m | ▲ +39% |
| People & pay | |||
| Avg. headcount | 1,272 | 1,271 | ▲ +0% |
| Staff cost | £65.8m | £64.2m | ▲ +2% |
The Stellantis-owned marque saw turnover slip slightly to £2.1bn. Gross profit fell 15% to £97.9m, alongside a 27% decline in operating profit to £43.2m. Average headcount remained broadly flat during the period, adding a single employee to reach 1,272.
Neo Next+ Energy E&P Uk Limited [3]
Formerly known as TotalEnergies E&P UK Limited, the company operates as an upstream oil and gas producer on the UK Continental Shelf and forms part of the NEO NEXT+ joint venture owned by TotalEnergies, HitecVision, and Repsol UK.
Tax bite
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £691.8m | £793.3m | ▼ −13% |
| Gross profit | £281.3m | £315.5m | ▼ −11% |
| Admin expenses | £20m | £14.6m | ▲ +37% |
| Operating profit | £261.3m | £300.9m | ▼ −13% |
| Finance costs | £73.4m | £78.1m | ▼ −6% |
| Profit before tax | £222m | £264.6m | ▼ −16% |
| Net profit | £14.7m | £70.8m | ▼ −79% |
| Cash & balance sheet | |||
| Net assets | £54.3m | £53.4m | ▲ +2% |
| Dividends paid | −£9m | −£110m | ▲ +92% |
| People & pay | |||
| Avg. headcount | 625 | 672 | ▼ −7% |
| Staff cost | £102.1m | £112.5m | ▼ −9% |
Turnover fell 13% to £691.8m at this North Sea producer, coinciding with a drop in oil prices. Operating profit decreased in step, down 13% to £261.3m, with further reductions below the line. A £207.3m tax charge and £73.4m in finance costs preceded a 79% lower net profit of £14.7m.
Kp Snacks Limited [4]
KP Snacks Limited is a major British manufacturer of crisps and nut-based snacks, producing well-known brands such as Hula Hoops, McCoy's, and Tyrrells, operating as a subsidiary of the German savoury snack manufacturer Intersnack Group (kpsnacks.com).
Statutory profit
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £686.7m | £654.3m | ▲ +5% |
| Gross profit | £346.7m | £335.2m | ▲ +3% |
| Admin expenses | £189.6m | £185.4m | ▲ +2% |
| Operating profit | £129.7m | £89.4m | ▲ +45% |
| Finance costs | £3.2m | £3.3m | ▼ −3% |
| Profit before tax | £129.8m | £88.1m | ▲ +47% |
| Net profit | £94.3m | £54.9m | ▲ +72% |
| Cash & balance sheet | |||
| Cash | £0 | £1.4m | ▼ −100% |
| Net assets | £342.9m | £328.9m | ▲ +4% |
| Dividends paid | −£84m | — | |
| People & pay | |||
| Avg. headcount | 2,367 | 2,384 | ▼ −1% |
| Staff cost | £111.4m | £105.5m | ▲ +6% |
| Director pay | £1.7m | £2m | ▼ −13% |
| Highest-paid director | £775k | £817k | ▼ −5% |
Turnover reached £686.7m, incorporating a full year of revenue from the Whole Earth acquisition. Operating profit landed at £129.7m, improving on a prior period that included a £31.6m goodwill impairment. The filing notes gross margin narrowed to 50.5% amid cost inflation, while the period also saw an £84m dividend distribution.
E.On Energy Solutions Limited [5]
Formerly known as Powergen Retail Limited, the company operates as a subsidiary of E.ON UK plc, trading electricity and gas to commercial and public-sector customers across the United Kingdom.
Post-restructure
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £660m | £742m | ▼ −11% |
| Gross profit | £344m | £341m | ▲ +1% |
| Admin expenses | £313m | £291m | ▲ +8% |
| Operating profit | £55m | £67m | ▼ −18% |
| Finance costs | £2m | £1m | ▲ +100% |
| Profit before tax | £64m | £119m | ▼ −46% |
| Net profit | £50m | £103m | ▼ −51% |
| Cash & balance sheet | |||
| Net assets | £643m | £593m | ▲ +8% |
| People & pay | |||
| Avg. headcount | 3,279 | 3,506 | ▼ −6% |
| Staff cost | £117m | £113m | ▲ +4% |
| Director pay | £576k | £532k | ▲ +8% |
| Highest-paid director | £251k | £414k | ▼ −39% |
Turnover dropped 11% to £660m, which the filing attributes to the 'Project Spring' restructuring that included the sale of its green funding and e-mobility arms. Operating profit fell 18% to £55m alongside the revised profile. Administrative expenses climbed 8% to £313m, while average headcount fell 6% to 3,279.
A £113m dividend from a holding company ending the year with £5m in net assets is a structural feature characteristic of group accounts.
Sources
- Aldi Stores Limited
- Vauxhall Motors Limited
- Neo Next+ Energy E&P Uk Limited
- Kp Snacks Limited
- E.On Energy Solutions Limited