ABLE UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-12
Overdue
Watchouts
Cash
£64M
+22.4% vs 2023
Net assets
£1B
+114% vs 2023
Employees
82
-2.4% vs 2023
Profit before tax
£745M
+3,832.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-12.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £33,901,000 | £54,384,000 | |
| Operating profit | £18,340,000 | £28,098,000 | |
| Profit before tax | £18,954,000 | £745,405,000 | |
| Net profit | £15,290,000 | £674,718,000 | |
| Cash | £52,462,000 | £64,216,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £591,144,000 | £1,264,983,000 | |
| Equity | £591,144,000 | £1,264,983,000 | |
| Average employees | 84 | 82 | |
| Wages | £3,428,000 | £3,565,000 | |
| Directors' remuneration | £346,000 | £299,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+60.4%
£33,901,000 £54,384,000
-
Cash
+22.4%
£52,462,000 £64,216,000
-
Net assets
+114%
£591,144,000 £1,264,983,000
-
Employees
-2.4%
84 82
-
Operating profit
+53.2%
£18,340,000 £28,098,000
-
Profit before tax
+3,832.7%
£18,954,000 £745,405,000
-
Wages
+4%
£3,428,000 £3,565,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 54.1% | 51.7% | |
| Net margin | 45.1% | — | |
| Current ratio | 8.06x | 4.77x | |
| Interest cover | 447.32x | 1756.13x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- ABLE UK LIMITED 2004-10-04 → present
- DREDGING U.K. LIMITED 1989-10-02 → 2004-10-04
- PRIZEJET LIMITED 1989-05-18 → 1989-10-02
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- ABLE UK LIMITED · parent
- Elba Group Limited 100%
- Elba Securities Limited 100%
- Able Humber Ports Limited 100%
- Elba Developments Limited 100%
- R H Nelson & Son Limited 100%
- Able Humber Port Services Limited 100%
- Able Waste Management Limited 100%
Significant events
- “New decommissioning projects being secured, alongside the current longer term Shell Brent field decommissioning contract.”
- “The Group completed 4 freehold acquisitions totalling 1,281 acres.”
- “Construction activity in 2024 was largely concentrated on the on-going development of AHP and ASP. Those activities have included the construction of the Killingholme Marshes Drainage Scheme and provision of specialist facilities for the installation of offshore wind turbines and for new recycling contracts.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JEWERS, Karen | Secretary | 2009-09-07 | — | British |
| JACQUES, Andrew | Director | 2017-12-05 | Jan 1978 | British |
| JEWERS, Karen | Director | 2019-12-19 | Apr 1971 | British |
| STEPHENSON, Peter Melvin | Director | — | May 1947 | British |
| STEPHENSON, Rachel | Director | 1994-12-31 | May 1969 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| STEPHENSON, Rachel | Secretary | — | 2009-09-07 |
| CRAM, Richard Michael | Director | 2016-11-11 | 2025-09-01 |
| ETHERINGTON, Neil Francis | Director | 2016-11-11 | 2023-11-21 |
| JARVIS, Neil | Director | 2016-11-11 | 2018-03-31 |
| MCMANUS, Christopher Patrick | Director | 2016-11-11 | 2021-06-18 |
| SLEIGHTHOLME, Keith Robert | Director | — | 1991-09-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter Melvin Stephenson | Individual | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 124 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-06 | AA | accounts | Accounts with accounts type group | |
| 2025-09-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | AA | accounts | Accounts with accounts type group | |
| 2024-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-17 | AA | accounts | Accounts with accounts type group | |
| 2023-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AA | accounts | Accounts with accounts type group | |
| 2022-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-25 | AA | accounts | Accounts with accounts type group | |
| 2021-07-07 | TM01 | officers | Termination director company with name termination date | |
| 2021-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-11 | AA | accounts | Accounts with accounts type group | |
| 2020-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2019-12-13 | AA | accounts | Accounts with accounts type group | |
| 2019-07-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-02-22 | CH01 | officers | Change person director company with change date | |
| 2019-02-22 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.