ASSET SERVICES LIMITED
Get an alert when ASSET SERVICES LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-08-31 (in 3mo)
Last filed for 2024-11-30
Confirmation statement due
2027-04-27 (in 11mo)
Last made up 2026-04-13
Watchouts
Cash
£333K
-78.2% lowest in 6 filed years
Net assets
£8M
+23.9% highest in 6 filed years
Employees
177
+3.5% highest in 6 filed years
Profit before tax
£2M
-40.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
6-year trend · vs Telecommunications median
Accounts
6-year trend · latest reflected 2024-11-30
| Metric | Trend | 2020-02-29 | 2021-02-28 | 2021-11-30 | 2022-11-30 | 2023-11-30 | 2024-11-30 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £7,244,572 | £6,655,539 | |
| Operating profit | — | — | — | — | £2,651,283 | £1,584,889 | |
| Profit before tax | — | — | — | £2,235,448 | £2,660,263 | £1,588,369 | |
| Net profit | — | — | — | £1,876,942 | £1,878,532 | £1,487,375 | |
| Cash | £2,532,134 | £2,334,548 | £2,401,725 | £2,951,331 | £1,525,019 | £332,714 | |
| Total assets less current liabilities | £2,321,755 | £5,518,965 | £2,472,257 | £4,344,736 | £6,320,039 | £7,785,537 | |
| Net assets | £2,312,376 | £5,509,875 | £2,463,939 | £4,340,882 | £6,219,414 | £7,706,789 | |
| Equity | £2,312,376 | £5,509,875 | £2,463,939 | £4,340,882 | £6,219,414 | £7,706,789 | |
| Average employees | 61 | 66 | 77 | 97 | 171 | 177 | |
| Wages | — | — | — | £1,599,222 | £2,172,200 | £2,458,271 | |
| Directors' remuneration | — | — | — | £2,654 | £0 | £1,505 |
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 2024-11-30 vs 2023-11-30
-
Turnover
-8.1%
£7,244,572 £6,655,539
-
Cash
-78.2%
£1,525,019 £332,714
lowest in 6 filed years
-
Net assets
+23.9%
£6,219,414 £7,706,789
highest in 6 filed years
-
Employees
+3.5%
171 177
highest in 6 filed years
-
Operating profit
-40.2%
£2,651,283 £1,584,889
-
Profit before tax
-40.3%
£2,660,263 £1,588,369
lowest in 3 filed years
-
Wages
+13.2%
£2,172,200 £2,458,271
highest 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-02-29 | 2021-02-28 | 2021-11-30 | 2022-11-30 | 2023-11-30 | 2024-11-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 36.6% | 23.8% | |
| Net margin | — | — | — | — | 25.9% | 22.3% | |
| Return on capital employed | — | — | — | — | 42.0% | 20.4% | |
| Current ratio | — | — | — | — | 4.74x | 8.41x | |
| Interest cover | — | — | — | — | 949.26x | 79244.45x |
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
- 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. 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
- ASSET SERVICES LIMITED · parent
- Message Direct Limited 100%
Significant events
- “The company's core activity continues to be the provision of outsourced contact centre services, primarily handling voice communications on behalf of clients. During the period, the company further advanced its strategic vision by integrating artificial intelligence (Al) voice solutions to complement its human-agent services, enhancing overall customer experience and operational efficiency.”
- “The growing capabilities of Al technologies present a threat to low-complexity human voice interactions, which may be replaced by automation. In response, the company has developed and launched proprietary Al voice solutions that complement rather than replace human agents. Continued investment in this area will support consistent and reliable service delivery.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLARK, Colin John | Director | 2024-09-10 | Nov 1975 | British |
| HOPKINS, Robert David Moreland | Director | 2025-11-01 | Oct 1974 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DONALDSON, John | Secretary | 2024-07-01 | 2024-12-31 |
| FARTHING, Alan Edward | Secretary | 1994-02-19 | 2023-12-13 |
| JONES, Simon | Secretary | 2025-02-11 | 2025-05-30 |
| FIRST SECRETARIES LIMITED | Corporate Nominee Secretary | 1994-02-09 | 1994-02-19 |
| BEARDS, Debbie | Director | 2002-02-01 | 2002-07-04 |
| BEARDS, Debbie | Director | 1997-02-27 | 2001-09-27 |
| CHARMAN, Suzanne | Director | 2006-06-07 | 2023-01-10 |
| DONALDSON, John Alistair | Director | 2024-05-24 | 2024-12-31 |
| DROUGHT, Brian Rajeev | Director | 2023-12-13 | 2026-02-28 |
| EVANS, John | Director | 2005-12-01 | 2021-11-30 |
| FARTHING, Alan Edward | Director | 1997-02-27 | 2023-12-13 |
| FARTHING, Jill Belinda | Director | 1994-02-19 | 2017-06-22 |
| ROLF, David William Joshua | Director | 2021-02-02 | 2026-02-28 |
| STRIKE, Duncan John | Director | 2021-03-17 | 2024-07-03 |
| WAREHAM, Mark | Director | 2000-07-01 | 2004-04-20 |
| WEST, Gary James | Director | 2024-05-24 | 2024-09-10 |
| WYATT, Matthew | Director | 2022-10-01 | 2023-02-13 |
| FIRST DIRECTORS LIMITED | Corporate Nominee Director | 1994-02-09 | 1994-02-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Asset Services Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-10-14 | Active |
| Mr Alan Farthing | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2021-10-14 |
Filing timeline
Last 20 of 143 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-23 MA Memorandum articles
- 2024-01-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-29 | AA | accounts | Accounts with accounts type full | |
| 2025-05-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-20 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-09-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full | |
| 2024-07-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-23 | MA | incorporation | Memorandum articles | |
| 2024-01-23 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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.