NELLSAR LIMITED
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Cash
£3.6m
-10.1% vs 2024
Net assets
£27m
+10.1% highest in 3 filed years
Employees
865
+3.2% highest in 3 filed years
Profit before tax
£3.7m
+8.4% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
3-year trend · vs Health Care median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2023-10-31 | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £36,789,278 | £39,862,775 | £43,770,721 | +9.8% | |
| Operating profit | £3,698,565 | £4,313,638 | £4,488,354 | +4.1% | |
| Profit before tax | £2,715,792 | £3,374,581 | £3,659,121 | +8.4% | |
| Net profit | £2,167,401 | £2,454,644 | £2,639,573 | +7.5% | |
| Cash | £3,239,262 | £3,960,653 | £3,561,057 | -10.1% | |
| Total assets less current liabilities | £46,944,014 | £48,089,523 | £49,985,525 | +3.9% | |
| Net assets | £22,605,095 | £24,381,249 | £26,832,726 | +10.1% | |
| Equity | £22,605,095 | £24,381,249 | £26,832,726 | +10.1% | |
| Average employees | 846 | 838 | 865 | +3.2% | |
| Wages | £20,698,816 | £22,279,252 | £24,593,256 | +10.4% | |
| Directors' remuneration | £613,568 | £761,660 | £788,343 | +3.5% | |
| Highest paid director | £543,087 | £753,968 | £785,873 | +4.2% |
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 | 2023-10-31 | 2024-10-31 | 2025-10-31 |
|---|---|---|---|---|
| Operating margin | 10.1% | 10.8% | 10.3% | |
| Net margin | 5.9% | 6.2% | 6.0% | |
| Return on capital employed | 7.9% | 9.0% | 9.0% | |
| Gearing (liabilities / total assets) | 57.4% | 55.4% | 52.1% | |
| Current ratio | 2.45x | 2.48x | 2.74x | |
| Interest cover | 2.54x | 2.63x | 3.19x |
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
- Consolidated group
- Auditor
- Affinia (Orpington) Chartered Accountants
- Audit opinion
- Qualified
- 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 group's and 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
- NELLSAR LIMITED · parent
- Mardiquest Limited 100%
- PQW Brenley Corner Limited 100%
Significant events
- “The group is subject to an ongoing tax enquiry in respect of corporation tax relief claimed on the recognition and amortisation of goodwill following the acquisition of several care home businesses between 2004 and 2007.”
- “HMRC successfully challenged this deduction in a first tier tribunal, with Nellsar appealing this decision to the upper tier tribunal. The upper tier tribunal was held in March 2025, with the decision being upheld in favour of HMRC.”
- “Nellsar have taken the decision not to further appeal this judgement, and the case has been referred to the land chamber to determine the market value of the properties acquired in the acquisition events.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RAGUMOORTHY, Jegathambikai | Secretary | 1999-07-06 | — | British |
| BARRETT, Martin Paul | Director | 2022-05-26 | Jan 1974 | British |
| RAGUMOORTHY, Arinesarajah | Director | 1999-07-06 | Dec 1945 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1999-07-06 | 1999-07-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nellsar Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-03-26 | Active |
| Mrs Sarah Shobana Barrett | Individual | Shares 25–50%, Voting 25–50% | 2019-06-03 | Ceased 2022-07-11 |
| Miss Nella Rathika Ragumoorthy | Individual | Shares 25–50%, Voting 25–50% | 2019-06-03 | Ceased 2022-07-11 |
| Mrs Jegathambikai Ragumoorthy | Individual | Shares 25–50%, Voting 25–50% | 2016-06-30 | Ceased 2022-07-11 |
| Mr Arinesarajah Ragumoorthy | Individual | Significant influence | 2016-06-30 | Active |
| Mr Martin Paul Barrett | Individual | Significant influence | 2016-06-30 | Active |
Filing timeline
Last 20 of 128 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-07 | AA | accounts | Accounts with accounts type group | |
| 2026-06-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-04 | AA | accounts | Accounts with accounts type group | |
| 2025-07-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-05 | AA | accounts | Accounts with accounts type group | |
| 2024-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-17 | AA | accounts | Accounts with accounts type group | |
| 2023-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-03 | AA | accounts | Accounts with accounts type group | |
| 2022-08-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-07-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-07-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-07-12 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-07-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-05-26 | AP01 | officers | Appoint person director company with name date | |
| 2021-08-04 | AA | accounts | Accounts with accounts type group | |
| 2021-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-18 | PSC04 | persons-with-significant-control | Change to a person with significant control |
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.