23RED LIMITED
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Cash
£3.1m
-9.6% lowest in 6 filed years
Net assets
£2.2m
-48% lowest in 6 filed years
Employees
66
+1.5% highest in 6 filed years
Profit before tax
£648k
+38.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
It is the intention of the immediate parent company, Capgemini UK plc, to purchase the trade and assets of 23red Limited in 2026. Once the business is transferred to Capgemini UK plc, the directors do not intend to resume trading and plan for liquidating the Company in the following 12-18 months. As a result, the directors have concluded that the going concern basis is no longer appropriate.
-
Going-concern uncertainty disclosed
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £12,092,254 | £9,908,892 | £12,188,319 | £8,165,784 | £9,883,004 | +21% | |
| Operating profit | — | £1,682,481 | £1,354,692 | £1,111,791 | £309,377 | £545,145 | +76.2% | |
| Profit before tax | — | £1,755,251 | £1,423,139 | £1,272,602 | £469,534 | £648,237 | +38.1% | |
| Net profit | — | £1,477,463 | £1,148,192 | £1,021,922 | £694,788 | £481,756 | -30.7% | |
| Cash | £3,180,453 | £3,520,652 | £4,659,417 | £3,946,153 | £3,473,360 | £3,138,698 | -9.6% | |
| Total assets less current liabilities | £4,418,891 | £5,510,827 | £6,364,431 | £6,211,511 | £4,206,299 | £2,188,055 | -48% | |
| Net assets | £4,349,821 | £5,510,827 | — | £6,211,511 | £4,206,299 | — | — | |
| Equity | £4,349,821 | £5,510,827 | £6,364,431 | £6,211,511 | £4,206,299 | £2,188,055 | -48% | |
| Average employees | 44 | 51 | 55 | 59 | 65 | 66 | +1.5% | |
| Wages | — | £2,835,545 | £2,964,074 | £4,629,151 | £3,923,174 | £4,016,332 | +2.4% | |
| Directors' remuneration | — | £247,202 | £225,724 | £150,964 | £136,829 | — | — |
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 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | 13.9% | 13.7% | 9.1% | 3.8% | 5.5% | |
| Net margin | — | 12.2% | 11.6% | 8.4% | 8.5% | 4.9% | |
| Return on capital employed | — | 30.5% | 21.3% | 17.9% | 7.4% | 24.9% | |
| Current ratio | — | — | — | 4.09x | 3.25x | 2.06x |
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
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“It is the intention of the immediate parent company, Capgemini UK plc, to purchase the trade and assets of 23red Limited in 2026. Once the business is transferred to Capgemini UK plc, the directors do not intend to resume trading and plan for liquidating the Company in the following 12-18 months. As a result, the directors have concluded that the going concern basis is no longer appropriate.”
Significant events
- “After year end, the immediate parent company, Capgemini UK plc, has declared its intention to purchase the trade and assets of 23red Limited during 2026. The consideration for this purchase has yet to be agreed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MANGAN, Julie | Secretary | 2022-11-17 | — | — |
| GADRI, Gagandeep | Director | 2022-11-17 | Apr 1974 | British |
| GYA, Roshan | Director | 2022-11-17 | Dec 1980 | Mauritian |
| KEVINSON, Craig Dean | Director | 2026-04-24 | Jul 1979 | British |
| SOUILIJAERT, David | Director | 2022-11-17 | Dec 1978 | French |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASSCHER, Jane Stephanie | Secretary | 2001-10-01 | 2022-11-17 |
| BUSBY, Alice Kate | Secretary | 2003-09-17 | 2007-01-23 |
| COX, Robert James Howie | Secretary | 2001-11-16 | 2003-09-17 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Secretary | 2000-04-17 | 2000-04-17 |
| S & J REGISTRARS LIMITED | Corporate Secretary | 2000-04-17 | 2001-11-16 |
| ARDEN, Jo | Director | 2016-06-08 | 2017-03-08 |
| ASSCHER, Jane Stephanie | Director | 2000-10-02 | 2022-11-17 |
| BARRETT, Stephen David | Director | 2000-04-17 | 2001-11-02 |
| BARTLETT, Robin | Director | 2007-02-28 | 2010-05-18 |
| DRAKES, Stephanie Anne | Director | 2007-08-21 | 2011-02-25 |
| DUNNING, Philippa | Director | 2001-11-09 | 2022-11-17 |
| HUXTABLE, Thomas | Director | 2010-11-10 | 2011-09-13 |
| KINMONT, Sean | Director | 2000-10-02 | 2022-11-17 |
| PINDER, Carol Louise, Ms. | Director | 2007-02-28 | 2010-12-15 |
| PRINGLE, Hamish | Director | 2015-06-17 | 2016-05-20 |
| TATTERSDILL, Rachel | Director | 2016-06-08 | 2022-11-17 |
| THORPE, Greg | Director | 2007-02-28 | 2010-12-10 |
| WYLIE, Adam Mckenzie | Director | 2000-10-02 | 2010-11-23 |
| COMBINED NOMINEES LIMITED | Corporate Nominee Director | 2000-04-17 | 2000-04-17 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Director | 2000-04-17 | 2000-04-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Capgemini Uk Plc | Corporate entity | Shares 75–100% | 2022-11-17 | Active |
| Miss Jane Stephanie Asscher | Individual | Shares 25–50% | 2016-04-06 | Ceased 2022-11-17 |
| Mr Sean Kinmont | Individual | Shares 25–50% | 2016-04-06 | Ceased 2022-11-17 |
Filing timeline
Last 20 of 172 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-12-04 RESOLUTIONS Resolution
- 2023-12-04 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-05 | AA | accounts | Accounts with accounts type full | |
| 2026-05-14 | ANNOTATION | miscellaneous | Legacy | |
| 2026-04-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-28 | CH01 | officers | Change person director company with change date | |
| 2025-02-28 | CH01 | officers | Change person director company with change date | |
| 2025-02-28 | CH01 | officers | Change person director company with change date | |
| 2025-02-28 | CH03 | officers | Change person secretary company with change date | |
| 2025-02-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-08-06 | AA | accounts | Accounts with accounts type full | |
| 2024-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-04 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-04 | MA | incorporation | Memorandum articles | |
| 2023-11-30 | SH10 | capital | Capital variation of rights attached to shares | |
| 2023-11-30 | SH08 | capital | Capital name of class of shares | |
| 2023-05-30 | AA01 | accounts | Change account reference date company current extended | |
| 2023-05-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-11 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.