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Cash

£424k

+14.9% highest in 3 filed years

Net assets

£358k

-70.4% lowest in 3 filed years

Employees

49

-10.9% vs 2025

Profit before tax

-£762k

-13% lowest in 3 filed years

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31

Metric Trend 2024-03-312025-03-312026-03-31 Δ vs prior
Turnover £4,374,152£4,939,320£4,845,788 -1.9%
Operating profit -£220,163-£687,848-£775,944 -12.8%
Profit before tax -£243,296-£674,941-£762,419 -13%
Net profit -£183,099-£621,018-£852,042 -37.2%
Cash £132,291£368,850£423,702 +14.9%
Total assets less current liabilities £2,013,457£1,210,501£358,459 -70.4%
Net assets £1,831,519£1,210,501£358,459 -70.4%
Equity £1,831,519£1,210,501£358,459 -70.4%
Average employees 425549 -10.9%
Wages £1,571,059£1,997,727£1,726,055 -13.6%
Directors' remuneration £259,705£240,605£223,481 -7.1%
Directors' pension contributions £11,759£12,414£14,724 +18.6%
Highest paid director £143,637£129,797£118,515 -8.7%

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 2024-03-312025-03-312026-03-31
Operating margin -5.0%-13.9%-16.0%
Net margin -4.2%-12.6%-17.6%
Return on capital employed -10.9%-56.8%-216.5%
Gearing (liabilities / total assets) 46.6%72.9%90.0%
Current ratio 1.19x0.81x0.55x
Interest cover -9.52x

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.

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
S&W Audit
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“Following a detailed review of the company's financial position, including cash flow forecasts and ongoing revenue growth, the directors are pleased to note that the rate of cash consumption has improved materially during the year. The business continues to make clear progress towards profitability, supported by targeted cost management and sustained ARR growth. Both the directors and shareholders remain confident in the company's financial trajectory and its ability to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.”

Significant events

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

People

5 active · 23 resigned

Name Role Appointed Born Nationality
HYNAM, Alice May Secretary 2022-09-02
AVISON, Elliot James Director 2021-07-16 Feb 1991 British
GWYTHER, Patrick Director 2024-06-26 Jun 1989 American
SPENCE-HERBERT, Malcolm David Director 2021-07-16 Sep 1962 British
SZESZKOWSKI, Mateusz Michal Director 2024-06-26 Jun 1972 Canadian
Show 23 resigned officers
Name Role Appointed Resigned
AVISON, Kari Secretary 1995-12-19 1998-11-16
BARNARD, Fenella Elisabeth Marjorie Secretary 2002-01-01 2021-07-16
BUSH, John Michael Secretary 1992-06-23 1995-12-19
MARTELLI, Angela Secretary 2021-07-16 2022-03-31
NEWLAND, Richard John Secretary 2000-10-10 2001-12-31
SHIELDS, David Secretary 2000-01-28 2000-10-10
WILLIAMS, Randle Secretary 1999-04-07 2000-01-28
WATERLOW SECRETARIES LIMITED Corporate Nominee Secretary 1992-05-21 1992-06-23
AVISON, Anthony William Director 1992-08-01 2021-07-16
AVISON, Kari Director 1996-10-02 1998-11-16
BARNARD, Fenella Elisabeth Marjorie Director 2000-10-10 2021-07-16
BARRAND, Peter John Director 2021-07-16 2024-06-26
HOLNESS, Stewart George Director 2021-07-16 2024-06-26
MARSDEN, David Andrew Director 1992-06-23 1992-08-08
NEWLAND, Richard John Director 2000-10-10 2001-12-31
SHIELDS, David Director 2000-01-28 2000-10-10
WALSH, Michael Bernard Director 2021-07-16 2024-02-15
WILLIAMS, Randle Director 1999-04-07 2000-01-28
ISIS FACTORS PLC Corporate Director 1992-08-01 1993-01-01
LONDON AND PROVINCIAL FACTORS LTD Corporate Director 1992-08-01 1993-02-28
MADDOX FACTORING LTD Corporate Director 1992-08-01 1995-12-18
R D M FACTORS LTD Corporate Director 1992-08-01 1995-12-18
WATERLOW NOMINEES LIMITED Corporate Nominee Director 1992-05-21 1992-06-23

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Newable Dancerace Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2021-07-16 Active
Mr Anthony William Avison Individual Shares 75–100%, Voting 75–100%, Appoints directors 2017-04-26 Ceased 2021-07-16
Ms Fenella Elisabeth Marjorie Barnard Individual Shares 25–50%, Voting 25–50% 2017-04-26 Ceased 2021-07-16

Filing timeline

Last 20 of 141 total filings

Date Type Category Description
2026-09-01 AD01 address Change registered office address company with date old address new address PDF
2026-08-18 AA accounts Accounts with accounts type full
2026-06-21 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-10-04 AA accounts Accounts with accounts type full
2025-06-04 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-09-03 AA accounts Accounts with accounts type full
2024-06-27 TM01 officers Termination director company with name termination date PDF
2024-06-27 TM01 officers Termination director company with name termination date PDF
2024-06-27 AP01 officers Appoint person director company with name date PDF
2024-06-27 AP01 officers Appoint person director company with name date PDF
2024-05-23 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-02-15 TM01 officers Termination director company with name termination date PDF
2023-10-10 AA accounts Accounts with accounts type full
2023-05-22 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-05-19 AA01 accounts Change account reference date company previous shortened PDF
2023-01-04 AA accounts Accounts with accounts type full
2022-12-21 CS01 confirmation-statement Confirmation statement with updates PDF
2022-09-05 CH03 officers Change person secretary company with change date PDF
2022-09-02 AP03 officers Appoint person secretary company with name date PDF
2022-08-10 DISS40 gazette Gazette filings brought up to date

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

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.

Official Companies House page