ZURICH EMPLOYMENT SERVICES LIMITED
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Cash
£7.5m
-27.8% lowest in 3 filed years
Net assets
-£133m
+13.2% highest in 3 filed years
Employees
1,800
+7.8% highest in 3 filed years
Profit before tax
-£11m
+47.4% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £215,001,000 | £220,902,000 | £245,086,000 | +10.9% | |
| Operating profit | — | -£1,960,000 | £1,494,000 | +176.2% | |
| Profit before tax | -£16,797,000 | -£21,774,000 | -£11,456,000 | +47.4% | |
| Net profit | £2,577,000 | -£12,907,000 | -£5,274,000 | +59.1% | |
| Cash | £11,106,000 | £10,443,000 | £7,537,000 | -27.8% | |
| Total assets less current liabilities | £336,935,000 | £353,909,000 | £385,885,000 | +9% | |
| Net assets | -£179,732,000 | -£153,267,000 | -£133,051,000 | +13.2% | |
| Equity | -£179,732,000 | -£153,267,000 | -£133,051,000 | +13.2% | |
| Average employees | 1,644 | 1,670 | 1,800 | +7.8% | |
| Wages | £112,824,000 | £117,118,000 | £142,914,000 | +22% | |
| Directors' remuneration | £0 | £0 | — | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | — | -0.9% | 0.6% | |
| Net margin | 1.2% | -5.8% | -2.2% | |
| Return on capital employed | — | -0.6% | 0.4% | |
| Gearing (liabilities / total assets) | 146.1% | 137.7% | 130.0% | |
| Current ratio | 1.56x | 1.73x | 2.08x | |
| Interest cover | — | -0.06x | 0.05x |
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
- ZURICH EMPLOYMENT SERVICES LIMITED 2001-01-04 → present
- ZURICH FINANCIAL SERVICES UK LIFE LIMITED 1999-01-04 → 2001-01-04
- PROFESSIONAL SERVICES (LIFE & PENSIONS) LIMITED 1997-11-18 → 1999-01-04
- HEREDITAMENTS, LIMITED 1985-07-01 → 1997-11-18
- ALLIED DUNBAR UNIT TRUSTS LIMITED 1985-04-11 → 1985-07-01
- HEREDITAMENTS LIMITED 1929-11-22 → 1985-04-11
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Taking into account all available information related to the future, the directors are satisfied that the Company has access to adequate resources to enable it to continue in operational existence to 3 August 2027, being 12 months from the date of approval of these financial statements.”
Significant events
- “On 14 January 2025 the Company issued 500,000,000 ordinary shares of 1p each to its immediate parent company, Zurich Financial Services (UKISA) Limited...for a consideration of £5,000,000 to fund the agreed contribution plan...”
- “On 13 June 2025 the Company issued 2,836,240,032 ordinary shares of 1p each to the parent company, for a consideration of £28,362,400 to fund the annual interest payment made as part of the ABC arrangement...”
- “On 21 January 2026, the Company issued 335,100,000 ordinary shares of 1p each to the parent company, for a consideration of £3,351,000,000 to fund the final agreed contribution plan in relation to Openwork's liabilities under the ZPen DB section of the Scheme.”
- “On 25th June 2026, the Company issued a further 32 ordinary shares of 1p each to the parent company. The total consideration paid for these subscriptions was £28,362,400.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 46 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ZURICH CORPORATE SECRETARY (UK) LIMITED | Corporate Secretary | 2015-06-12 | — | — |
| BOARDMAN, Michael | Director | 2023-03-13 | Feb 1979 | British |
| COLLINSON, Stephen Michael | Director | 2018-02-21 | May 1972 | British |
| LISSAMORE, Sarah Bailey | Director | 2025-06-17 | Apr 1984 | British |
| NORCOTT, Paul | Director | 2025-10-03 | Feb 1972 | British |
Show 46 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUSSON, Alan Paul | Secretary | 2006-04-20 | 2006-09-29 |
| HALE, Isla Rebecca | Secretary | 2004-09-06 | 2005-05-24 |
| HOWE, Peter Charles | Secretary | — | 2004-09-06 |
| LAMPSHIRE, Philip John | Secretary | 2013-06-30 | 2015-06-12 |
| LOWE, Nigel | Secretary | 2006-09-29 | 2013-06-30 |
| LOWE, Nigel | Secretary | 2005-05-24 | 2006-04-20 |
| ANDERSON, Tracey Denise | Director | 2021-06-23 | 2023-12-01 |
| CAMPBELL, Peter Charles | Director | 1997-11-07 | 2014-07-31 |
| CARRIE, David Ross | Director | 1997-11-07 | 2005-11-11 |
| CREMIN, Ronan | Director | 2020-02-19 | 2022-12-12 |
| DAVIES, Keith John | Director | 1991-12-10 | 1997-11-27 |
| DEIGHTON, Shayne Paul | Director | 1998-08-03 | 2000-12-20 |
| ETHERINGTON, David John | Director | 2005-11-11 | 2012-08-31 |
| EVANS, Neil James | Director | 2007-10-05 | 2016-03-31 |
| EVANS, Neil James | Director | 1996-11-28 | 1997-11-27 |
| FARRELL, Georgina | Director | 2015-06-12 | 2017-12-18 |
| FERNQVIST, Siv Anita | Director | 2022-12-15 | 2025-07-15 |
| FLEET, Georgina Kaye | Director | 2024-03-12 | 2025-06-17 |
| FRESHWATER, Neil Andrew | Director | 2015-02-17 | 2016-09-08 |
| GIBSON, Angela | Director | 2014-06-16 | 2015-06-11 |
| GIENAL, Claudio | Director | 2011-02-15 | 2013-12-31 |
| GURNEY, John Peter | Director | — | 1995-12-19 |
| HODKINSON, Phil Andrew | Director | 1997-11-07 | 2000-11-22 |
| INGLIS, Kenneth William Ballard | Director | 1991-12-10 | 1994-04-29 |
| JAMES, Penelope Jane | Director | 2006-08-21 | 2007-03-31 |
| JERRARD, Vincent John | Director | 1997-11-07 | 2003-07-22 |
| KEPPEL, John Herbert | Director | 2017-09-07 | 2025-01-31 |
| LEITCH, Alexander Park | Director | — | 1991-12-10 |
| LEWIS, Stephen | Director | 2009-10-30 | 2014-06-26 |
| MUNNOCH, Gavin Russell Cameron | Director | 2009-06-29 | 2009-10-01 |
| NICHOLS, David Charles George | Director | 2016-01-21 | 2017-09-07 |
| NIEMANN, Rolf Gerhard | Director | 2009-06-29 | 2012-02-29 |
| PERKINS, Barry John | Director | 2014-06-16 | 2015-12-31 |
| PICKFORD, Helen Alison | Director | 2016-04-01 | 2016-04-01 |
| PICKFORD, Helen Alison | Director | 2016-04-01 | 2020-02-19 |
| QUIN, James Barrington | Director | 2016-09-13 | 2018-08-31 |
| SHAUGHNESSY, Gary Paul John | Director | 2014-12-04 | 2016-01-01 |
| SIMS, David Perrott | Director | 1997-11-07 | 2006-08-21 |
| SMITH, Philip | Director | 1991-12-10 | 1996-11-28 |
| SMITH, Stephen Howard | Director | 1995-12-19 | 1996-11-28 |
| STEER, Peter John | Director | 2006-08-21 | 2013-12-31 |
| SYKES, James Richard | Director | 2012-12-07 | 2019-12-31 |
| THOMAS, Brian Michael | Director | 1996-11-28 | 1998-08-03 |
| THOMPSON, Andrew James | Director | 2006-08-21 | 2006-12-31 |
| TORRY, Anne | Director | 2007-02-02 | 2011-02-15 |
| WOOD, Philip | Director | 2012-09-12 | 2014-07-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Zurich Financial Services (Ukisa) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 288 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-13 | AA | accounts | Accounts with accounts type full | |
| 2026-07-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-06 | SH01 | capital | Capital allotment shares | |
| 2026-07-03 | SH01 | capital | Capital allotment shares | |
| 2026-03-12 | CH01 | officers | Change person director company with change date | |
| 2026-02-07 | SH01 | capital | Capital allotment shares | |
| 2025-10-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-15 | AA | accounts | Accounts with accounts type full | |
| 2025-07-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-14 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-10 | SH01 | capital | Capital allotment shares | |
| 2025-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-14 | SH01 | capital | Capital allotment shares | |
| 2024-09-05 | AA | accounts | Accounts with accounts type full | |
| 2024-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-24 | SH01 | capital | Capital allotment shares | |
| 2024-03-20 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 5
- Officers appointed
- 1
- 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.