EXEL OVERSEAS LIMITED
Get an alert when EXEL OVERSEAS LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
£221M
+19.5% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£36M
-16.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | — | £28,532,313 | £24,561,035 | -13.9% | |
| Operating profit | £36,228,841 | £38,328,556 | £30,774,505 | -19.7% | |
| Profit before tax | £38,946,469 | £43,352,745 | £36,268,335 | -16.3% | |
| Net profit | £38,946,469 | £42,639,936 | £34,708,095 | -18.6% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £142,141,010 | £184,780,946 | £220,723,186 | +19.5% | |
| Net assets | £142,141,010 | £184,780,946 | £220,723,186 | +19.5% | |
| Equity | £142,141,010 | £184,780,946 | £220,723,186 | +19.5% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £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 | — | 134.3% | 125.3% | |
| Net margin | — | 149.4% | 141.3% | |
| Return on capital employed | 25.5% | 20.7% | 13.9% | |
| Gearing (liabilities / total assets) | 0.0% | 0.0% | — |
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 3 times since incorporation
- EXEL OVERSEAS LIMITED 2004-12-22 → present
- TIBBETT & BRITTEN OVERSEAS LIMITED 1994-12-23 → 2004-12-22
- TIBBETT & BRITTEN EUROPE LIMITED 1993-08-03 → 1994-12-23
- GROUPECO (UK) LIMITED 1991-07-15 → 1993-08-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- EXEL OVERSEAS LIMITED · parent
- DHL Exel Slovakia s.r.o. 100%
- DHL Metropolitan Logistics SC Mexico S.A. de C.V. 99.96%
- DHL Supply Chain Kenya Limited 100%
- DHL Supply Chain Limited One Partner 100%
- Tibbett & Britten Group Canada Inc 100%
Significant events
- “On 1 May 2026 the company disposed of its 27.02% investment interest in DHL Distribution (Thailand) Limited for a value of EUR 36,000,000. The carrying value of this investment at the balance sheet date was £3,087,000. The profit on disposal is calculated at approximately £28,000,000. This is a non-adjusting post balance sheet event.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STAGG, Ian | Director | 2025-11-07 | Feb 1970 | British |
| TAYLOR, Rebecca Louise Hazel | Director | 2021-06-01 | Nov 1974 | British |
| TRIMM, Michael James | Director | 2016-11-25 | Dec 1968 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARROWSMITH, Michael Richard | Secretary | 1999-06-30 | 2000-04-10 |
| AUSTIN, Keith James | Secretary | 2002-09-20 | 2003-02-26 |
| AUSTIN, Keith James | Secretary | 2000-04-10 | 2001-02-09 |
| FROOMBERG, Claire Rosemary | Secretary | 1991-07-15 | 1995-12-29 |
| LI, Jane | Secretary | 2015-11-04 | 2018-12-31 |
| MILLS, John Michael | Secretary | 2001-02-09 | 2002-09-20 |
| SMITH, Nicholas Leigh | Secretary | 2003-02-26 | 2004-10-21 |
| STALBOW, Michael Robert | Secretary | 1995-12-29 | 1999-06-30 |
| EXEL SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2004-10-21 | 2015-11-04 |
| ARROWSMITH, Michael Richard | Director | 1999-06-01 | 2002-05-31 |
| BUMSTEAD, Jonathan Culver | Director | 2007-07-26 | 2009-08-31 |
| BUTT, Kenneth Thomas John | Director | 1999-06-09 | 2001-05-04 |
| CASS, David Michael | Director | 1991-07-15 | 1997-01-08 |
| CHATFIELD, Carl Anthony | Director | 2004-10-07 | 2006-06-30 |
| FINK, Steven | Director | 2011-01-05 | 2025-11-07 |
| FROOMBERG, Claire Rosemary | Director | 1991-07-15 | 1995-12-29 |
| GILL, James Edward | Director | 2017-04-01 | 2018-06-13 |
| HARVEY, John Anthony | Director | 1991-07-15 | 2004-08-02 |
| KENT, Raymond Thomas | Director | 1991-07-15 | 1992-06-17 |
| KUHL, Thorsten | Director | 2018-06-13 | 2021-07-30 |
| LI, Jane | Director | 2015-10-29 | 2018-11-26 |
| MELLOR, Kevin Donald | Director | 1993-01-01 | 1997-02-28 |
| MUSGRAVE, David | Director | 1999-06-09 | 2004-08-18 |
| SMITH, Keith Roy | Director | 2014-08-15 | 2017-03-31 |
| STALBOW, Michael Robert | Director | 1991-07-15 | 1999-06-30 |
| TAYLOR, Paul Martin | Director | 2009-08-28 | 2014-08-15 |
| TUXEN, Henrik | Director | 1996-06-20 | 1997-02-28 |
| WATERS, Christopher Stephen | Director | 2009-08-28 | 2011-01-05 |
| WHITELING, Mark Argent | Director | 2002-05-30 | 2004-08-02 |
| WOOLLISCROFT, Dermot Francis | Director | 2011-01-05 | 2016-11-25 |
| EXEL NOMINEE NO 2 LIMITED | Corporate Director | 2004-10-07 | 2011-09-01 |
| EXEL SECRETARIAL SERVICES LIMITED | Corporate Director | 2005-02-20 | 2015-10-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dhl Supply Chain International Holdings B.V. | Corporate entity | Shares 75–100% | 2024-11-21 | Active |
| Mr James Edward Gill | Individual | Significant influence | 2017-04-01 | Ceased 2018-06-13 |
| Mr Michael James Trimm | Individual | Significant influence | 2016-11-25 | Ceased 2024-11-21 |
| Exel Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2024-11-21 |
| Mr Steven Fink | Individual | Significant influence | 2016-04-06 | Ceased 2023-07-19 |
| Mrs Jane Li | Individual | Significant influence | 2016-04-06 | Ceased 2018-11-26 |
Filing timeline
Last 20 of 216 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-28 | AA | accounts | Accounts with accounts type full | |
| 2026-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-11-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-24 | AA | accounts | Accounts with accounts type full | |
| 2024-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-31 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-03 | AA | accounts | Accounts with accounts type full | |
| 2022-06-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-10-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-08-02 | TM01 | officers | Termination director company with name termination date | |
| 2021-07-30 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2021-07-30 | PARENT_ACC | accounts | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.