S2 PARTNERSHIP LIMITED
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-31
Confirmation statement due
2027-02-17 (in 9mo)
Last made up 2026-02-03
Watchouts
None on the register
Cash
£999K
-44.5% lowest in 6 filed years
Net assets
£2M
-14.2% vs 2024
Employees
124
+7.8% highest in 6 filed years
Profit before tax
£3M
-6.8% vs 2024
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2025-01-31
| Metric | Trend | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £11,511,243 | £12,095,123 | |
| Operating profit | — | — | — | — | £2,933,463 | £2,765,252 | |
| Profit before tax | — | — | — | — | £3,019,139 | £2,813,341 | |
| Net profit | — | — | — | — | £2,319,498 | £2,007,656 | |
| Cash | £1,674,873 | £2,238,469 | £1,147,166 | £1,747,659 | £1,799,899 | £999,163 | |
| Total assets less current liabilities | £1,698,000 | £1,888,992 | £2,123,768 | £2,451,381 | £2,312,317 | £1,992,921 | |
| Net assets | £1,688,818 | £1,883,990 | £2,117,832 | £2,445,090 | £2,304,588 | £1,977,244 | |
| Equity | £1,688,818 | £1,883,990 | £2,117,832 | £2,445,090 | £2,304,588 | £1,977,244 | |
| Average employees | 89 | 88 | 95 | 102 | 115 | 124 | |
| Wages | — | — | — | — | £4,957,782 | £5,423,867 | |
| Directors' remuneration | — | — | — | — | £654,641 | £683,777 |
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
FY2024 → FY2025 · period ending 2025-01-31 vs 2024-01-31
-
Turnover
+5.1%
£11,511,243 £12,095,123
-
Cash
-44.5%
£1,799,899 £999,163
lowest in 6 filed years
-
Net assets
-14.2%
£2,304,588 £1,977,244
-
Employees
+7.8%
115 124
highest in 6 filed years
-
Operating profit
-5.7%
£2,933,463 £2,765,252
-
Profit before tax
-6.8%
£3,019,139 £2,813,341
-
Wages
+9.4%
£4,957,782 £5,423,867
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 | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 25.5% | 22.9% | |
| Net margin | — | — | — | — | 20.1% | 16.6% | |
| Return on capital employed | — | — | — | — | 126.9% | 138.8% | |
| Current ratio | — | — | — | — | 1.94x | 1.70x | |
| Interest cover | — | — | — | — | — | 232.32x |
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
- PEM Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In making their assessment the directors have considered recent trading performance, including forecasts prepared to 31 January 2027. The Company meets its day to day working capital requirements using cash reserves and does not have any bank debt owing. Whilst the forecasts include assumptions about revenue projections, given the strong pipeline and liquidity of the Company at the date of approving these financial statements the directors believe that the Company has adequate resources to continue to trade and be able to meet its liabilities as they fall due for the foreseeable future being at least, but not limited to, twelve months from the date of approving these financial statements and so continue to adopt the going concern basis.”
Significant events
- “On 1 July 2025 the Company transferred its software business to a fellow subsidiary company, S2 Software Limited. Revenue generated by the software business in the year ended 31 January 2025 was £1,860,920.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GIBSON, Penelope Jane | Secretary | 2021-04-20 | — | — |
| BAGLEY, Robin James Vernon | Director | 2013-07-01 | Jul 1968 | British |
| BARHAM, Andrew Brian Charles | Director | 2020-02-17 | Sep 1990 | British |
| GIBSON, Penelope Jane | Director | 2016-10-10 | Jun 1971 | British |
| RICHARDS, Jonathan James | Director | 2019-02-01 | Apr 1977 | British |
| SMITH, Andrew Edwin | Director | 2017-09-11 | Mar 1985 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SMITH, Susan Jane | Secretary | 1999-02-03 | 2021-03-31 |
| EASTMAN, Jennifer Jane | Director | 2017-02-22 | 2020-02-07 |
| HARRISON, Lorraine | Director | 2003-11-27 | 2016-04-21 |
| HAY-SMITH, Clive Malcolm | Director | 2003-05-17 | 2009-11-27 |
| MEAD, Robert Christopher | Director | 2013-07-01 | 2020-07-17 |
| SMITH, Stewart Russell | Director | 1999-02-03 | 2023-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| S2 Partnership Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-12-05 | Active |
| Mr Stewart Russell Smith | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-02-03 | Ceased 2017-12-05 |
Filing timeline
Last 20 of 94 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-16 | CH01 | officers | Change person director company with change date | |
| 2026-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-05 | AA | accounts | Accounts with accounts type full | |
| 2025-08-13 | CH01 | officers | Change person director company with change date | |
| 2025-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-31 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2024-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-31 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2023-09-15 | CH01 | officers | Change person director company with change date | |
| 2023-06-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-11-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-10-31 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2022-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-29 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2021-04-21 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-04-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-29 | AA | accounts | Accounts with accounts type unaudited abridged |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.