XERETEC OFFICE SYSTEMS LIMITED

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

• Turnover

  -3.8%

  £36,939,420 → £35,519,870

• Cash

  -30.3%

  £3,908,450 → £2,725,917

  lowest in 3 filed years

• Net assets

  -10.4%

  £3,989,624 → £3,576,575

• Employees

  -0.8%

  121 → 120

  lowest in 3 filed years

• Operating profit

  -39.2%

  £263,377 → £160,148

• Profit before tax

  -50%

  £320,123 → £160,174

  first positive since 2023

• Wages

  -1.1%

  £6,624,317 → £6,553,530

  lowest in 3 filed years

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Shaw Gibbs (Audit) Limited

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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. XERETEC OFFICE SYSTEMS LIMITED · parent
   1. Xeretec Ireland Limited
   2. Landscape Printing Systems Limited
   3. First Copy IT Limited

Significant events

• “The transformation process surrounds utilising the strong platform from being a leading Managed Print Service Provider, to becoming an IT Managed Services provider that remains the leader in Managed Print Services. The directors are focused on continuing to broaden and improve the services and the value Xerelec brings and delivers to its customers. This is particularly the case in the big growth markets of PC / Laptop Services, Cyber Security and AI.”
• “On 25th September 2014 the company signed two Minimum Periodic Rental Agreements ("MPRAS") with Xerox Finance Limited in respect of the leasing of certain equipment. Assets, the subject of the MPRAs, are rented to customers and are subject to Managed Print Service Agreements ("MPSAs"). Pursuant to said agreements the company signed Deeds of Assignment on the same date with Xerox Finance Limited covering all assets which are the subject of the MPSAs and all present and future book debts owing to the company arising out of said MPSAS. Similar agreements were subsequently signed on 13 October 2016, 26 April 2017, 7 June 2017, 29 March 2019 and 21 December 2023.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.