ACCELL UK & IRELAND LTD
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Cash
£6.4m
+341.4% vs 2022
Net assets
-£32m
-1,277.9% vs 2022
Employees
130
-20.2% vs 2022
Profit before tax
-£30m
-341.6% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Annual accounts overdue
Due 2025-09-30.
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Material uncertainty over going concern
As disclosed in note 1.2 of the financial statements, which indicates that the company's ability to continue as a going concern is dependent on non-withdrawal of existing funding and additional financial support being made available by its parent, Accell Group BV. The ability of Accell Group BV to provide this support is dependent on the successful and timely completion of the recapitalisation and the timing and extent of market recovery, and in case of liquidity shortfall, its ability to obtain and agree any additional senior debt funding. These events and conditions, along with the other matters explained in note 1.2 constitute a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
2-year trend
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2023-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £55,759,000 | £57,700,000 | +3.5% | |
| Operating profit | -£5,473,000 | -£26,701,000 | -387.9% | |
| Profit before tax | -£6,826,000 | -£30,146,000 | -341.6% | |
| Net profit | -£9,768,000 | -£30,136,000 | -208.5% | |
| Cash | £1,461,000 | £6,449,000 | +341.4% | |
| Total assets less current liabilities | £3,000 | -£29,573,000 | -985,866.7% | |
| Net assets | -£2,333,000 | -£32,147,000 | -1,277.9% | |
| Equity | -£2,333,000 | -£32,147,000 | -1,277.9% | |
| Average employees | 163 | 130 | -20.2% | |
| Wages | £4,969,000 | £5,077,000 | +2.2% | |
| Directors' remuneration | £166,000 | £149,000 | -10.2% | |
| Directors' pension contributions | £6,000 | £16,000 | +166.7% | |
| Highest paid director | £166,000 | £78,000 | -53% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating margin | -9.8% | -46.3% | |
| Net margin | -17.5% | -52.2% | |
| Gearing (liabilities / total assets) | 106.1% | 191.1% | |
| Current ratio | 0.81x | 0.43x | |
| Interest cover | -3.58x | -4.65x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 5 times since incorporation — the current trading name was adopted 2025-02-18
- ACCELL UK & IRELAND LTD 2025-02-18 → present
- RALEIGH UK LTD 2002-01-29 → 2025-02-18
- RALEIGH INDUSTRIES LIMITED 1991-10-30 → 2002-01-29
- RALEIGH LIMITED 1987-03-31 → 1991-10-30
- TI RALEIGH LIMITED 1977-12-31 → 1987-03-31
- RALEIGH CYCLE CO.,LIMITED(THE) 1915-01-21 → 1977-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As disclosed in note 1.2 of the financial statements, which indicates that the company's ability to continue as a going concern is dependent on non-withdrawal of existing funding and additional financial support being made available by its parent, Accell Group BV. The ability of Accell Group BV to provide this support is dependent on the successful and timely completion of the recapitalisation and the timing and extent of market recovery, and in case of liquidity shortfall, its ability to obtain and agree any additional senior debt funding. These events and conditions, along with the other matters explained in note 1.2 constitute a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 48 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SLATER, Christopher | Director | 2024-04-01 | Mar 1984 | British |
| ACCELL GLOBAL BV | Corporate Director | 2023-06-20 | — | — |
Show 48 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ATKINS, Stuart | Secretary | 2015-02-27 | 2023-11-24 |
| BIRD, Catherine Anne | Secretary | 2003-12-20 | 2012-07-23 |
| BOOTH, Lyne | Secretary | 1996-09-01 | 1998-09-25 |
| CHOLERTON, Hugh Nevil | Secretary | — | 1995-04-28 |
| FATKIN, David Anthony | Secretary | 1998-09-25 | 2001-04-12 |
| GOULDTHORP, Mark Aidan | Secretary | 2002-11-01 | 2003-12-20 |
| GRAHAM, Alan Norman | Secretary | 2012-07-23 | 2015-02-27 |
| STUBBINS, Adam Joseph | Secretary | 2023-11-24 | 2024-03-01 |
| TESSYMAN, Keith Francis | Secretary | 2001-04-12 | 2002-10-31 |
| WALKER, Timothy | Secretary | 1995-04-28 | 1996-09-01 |
| ANBEEK, Anthonie Hilbert | Director | 2018-04-23 | 2023-06-20 |
| BLOK, Jeroen Maria Snijders | Director | 2013-07-31 | 2018-12-17 |
| DARNTON, Phillip Leyland | Director | 2000-01-04 | 2003-05-01 |
| DAVEY, Steven John | Director | 2000-11-06 | 2002-11-01 |
| DEAR, Roger Edward | Director | — | 1998-12-31 |
| FATKIN, David Anthony | Director | 1996-09-26 | 2001-04-12 |
| FEENEMA, Gerard Jacob | Director | 2017-03-01 | 2017-11-23 |
| FILS-AIME, Reggie | Director | 1999-08-27 | 2000-01-04 |
| FINDEN-CROFTS, Alan John | Director | — | 1999-05-14 |
| FINNIS, Adrian James | Director | 2008-06-16 | 2017-09-15 |
| GODDARD, Simon John | Director | 2008-03-12 | 2013-04-08 |
| GOULDTHORP, Mark Aidan | Director | 2002-07-15 | 2017-03-01 |
| HINDMARCH, Derek | Director | — | 2000-12-31 |
| HOLDSWORTH, Neal | Director | 2004-06-11 | 2009-07-31 |
| JONES, Mervyn Bernard | Director | 2008-03-12 | 2013-06-30 |
| JONES, Mervyn Bernard | Director | — | 2000-06-01 |
| KIDGER, Lee Stephen | Director | 2020-07-01 | 2023-08-04 |
| KNIGHT, Howard John Watson | Director | — | 1997-06-30 |
| LOWE, Stephen Michael | Director | 1998-01-01 | 1999-10-29 |
| MANSELL, David Langham | Director | 1992-06-01 | 1996-03-13 |
| MATTHEWS, Gary Steven | Director | 2000-08-10 | 2001-02-09 |
| MOAKES, David | Director | 2009-08-01 | 2013-12-02 |
| REYNOLDS, Michael John | Director | 2001-05-01 | 2004-01-02 |
| RICKABY, Philip | Director | 2005-11-11 | 2014-12-31 |
| RIX, Yvonne Anne | Director | — | 1997-12-31 |
| ROBERTS, Rupert Alexander Leslie | Director | — | 1997-09-30 |
| RUSHTON, Maxine Shirley | Director | 2005-11-11 | 2008-05-19 |
| SPENCER, Allan Ernest | Director | — | 2003-02-01 |
| SPON-SMITH, John Vere | Director | 1996-07-08 | 2003-04-01 |
| SYBESMA, Hielke Hayo | Director | 2013-07-31 | 2018-04-23 |
| TAKENS, Rene Jan | Director | 2013-07-31 | 2017-11-23 |
| THOMAS, Eric Robert | Director | — | 1993-04-23 |
| TODD, Mark James | Director | 1997-07-21 | 1999-08-27 |
| TOMKINSON, Jane Elizabeth | Director | 2003-04-01 | 2017-09-01 |
| WALKER, Timothy | Director | — | 1996-10-04 |
| WIBBERLEY, Philippa | Director | 2023-08-04 | 2024-03-31 |
| WIBBERLEY, Philippa | Director | 2017-11-01 | 2020-06-30 |
| WRIGHT, Carl | Director | 2003-04-01 | 2005-07-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Raleigh Holdings Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 278 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-18 CERTNM Certificate change of name company PDF
- 2024-10-27 RESOLUTIONS Resolution
- 2024-10-27 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-18 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-02-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-13 | AA | accounts | Accounts with accounts type full | |
| 2024-11-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-27 | MA | incorporation | Memorandum articles | |
| 2024-08-03 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-07-30 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-11-27 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-11-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-08-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-04 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.