NEXUS WORKFORCE LTD
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Cash
£1.3m
+107.7% highest in 3 filed years
Net assets
£6.2m
+94.8% highest in 3 filed years
Employees
62
-47.5% lowest in 3 filed years
Profit before tax
£5m
+45.2% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-29 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £111,325,000 | £133,624,000 | £131,838,000 | -1.3% | |
| Operating profit | £1,500,000 | £4,192,000 | £5,618,000 | +34% | |
| Profit before tax | £716,000 | £3,409,000 | £4,950,000 | +45.2% | |
| Net profit | £687,000 | £2,400,000 | £5,033,000 | +109.7% | |
| Cash | £976,000 | £610,000 | £1,267,000 | +107.7% | |
| Total assets less current liabilities | £5,714,000 | £5,341,000 | £7,222,000 | +35.2% | |
| Net assets | £4,338,000 | £3,198,000 | £6,231,000 | +94.8% | |
| Equity | £4,338,000 | £3,198,000 | £6,231,000 | +94.8% | |
| Average employees | 128 | 118 | 62 | -47.5% | |
| Wages | £104,213,000 | £123,699,000 | £2,660,000 | -97.8% | |
| Directors' remuneration | £13,000 | £13,000 | — | — |
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 | 2023-12-31 | 2024-12-29 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 1.3% | 3.1% | 4.3% | |
| Net margin | 0.6% | 1.8% | 3.8% | |
| Return on capital employed | 26.3% | 78.5% | 77.8% | |
| Gearing (liabilities / total assets) | 82.3% | 86.8% | 88.6% | |
| Current ratio | 1.17x | 1.09x | 1.18x | |
| Interest cover | 1.91x | 5.35x | 8.41x |
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.
Name history
Renamed 1 time since incorporation
- NEXUS WORKFORCE LTD 2017-05-18 → present
- N M S PROJECTS LIMITED 2000-05-03 → 2017-05-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the 12 month period beyond the signing of these financial statements.”
Significant events
- “On 1 January 2025 the business demerged its Driving and Logistics division into separate legal entities which remain 100% subsidiaries of Thomas March Group Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR, Jonathan Mark | Director | 2020-03-10 | Jul 1968 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOSCOE, Elaine Margery | Secretary | 2007-03-13 | 2016-07-08 |
| BOSCOE, James | Secretary | 2006-04-05 | 2007-02-28 |
| JONES, Neil Herbert | Secretary | 2000-05-10 | 2006-06-09 |
| MIDLANDS SECRETARIAL MANAGEMENT LIMITED | Corporate Nominee Secretary | 2000-05-03 | 2000-05-10 |
| ALLSOPP, Nicholas James | Nominee Director | 2000-05-03 | 2000-05-10 |
| BARKER, Christine | Director | 2002-03-27 | 2006-04-06 |
| BOSCOE, Elaine Margery | Director | 2000-08-04 | 2002-03-27 |
| BOSCOE, James | Director | 2006-04-05 | 2016-07-30 |
| HILTON, Mike | Director | 2000-05-10 | 2003-04-02 |
| JONES, Andrew Ian | Director | 2016-07-08 | 2017-02-01 |
| JONES, Neil Herbert | Director | 2002-03-27 | 2007-02-28 |
| RUSSELL, Benjamin Peter | Director | 2017-02-01 | 2020-03-10 |
| SQUARE TWO INVESTMENTS LTD | Corporate Director | 2016-07-08 | 2017-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vestum Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-09-01 | Active |
| Thomas March Group Limited | Corporate entity | Shares 75–100% | 2019-01-01 | Ceased 2026-09-01 |
| Russell Taylor Holdings Ltd | Corporate entity | Shares 75–100% | 2017-02-01 | Ceased 2019-01-01 |
| Square Two Investments Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-07-08 | Ceased 2017-02-01 |
Filing timeline
Last 20 of 136 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-09-03 RESOLUTIONS Resolution
- 2026-09-03 MA Memorandum articles
- 2026-09-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-16 | AA | accounts | Accounts with accounts type full | |
| 2026-09-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-09-03 | MA | incorporation | Memorandum articles | |
| 2026-09-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-09-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-09-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-08-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-08-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-05 | AA | accounts | Accounts with accounts type full | |
| 2025-08-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-13 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-02-13 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-01-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-01-25 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- 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.