FL CAPITAL HOLDINGS LIMITED
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Cash
£18m
-26.7% vs 2023
Net assets
£6.7m
+4.6% vs 2023
Employees
564
-15.2% vs 2023
Profit before tax
£11m
-27.5% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-27
| Metric | Trend | 2023-12-29 | 2024-12-27 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £596,283,208 | £473,212,346 | -20.6% | |
| Operating profit | £14,531,035 | £9,997,227 | -31.2% | |
| Profit before tax | £15,038,637 | £10,896,350 | -27.5% | |
| Net profit | £11,497,651 | £8,168,298 | -29% | |
| Cash | £25,195,984 | £18,466,421 | -26.7% | |
| Total assets less current liabilities | £6,435,145 | £6,753,129 | +4.9% | |
| Net assets | £6,408,955 | £6,703,174 | +4.6% | |
| Equity | £6,408,955 | £6,703,174 | +4.6% | |
| Average employees | 665 | 564 | -15.2% | |
| Wages | £20,931,595 | £18,403,576 | -12.1% | |
| Directors' remuneration | £2,142,993 | £2,194,769 | +2.4% |
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 | 2023-12-29 | 2024-12-27 |
|---|---|---|---|
| Operating margin | 2.4% | 2.1% | |
| Net margin | 1.9% | 1.7% | |
| Return on capital employed | 225.8% | 148.0% | |
| Gearing (liabilities / total assets) | 83.5% | 75.9% | |
| Current ratio | 1.19x | 1.31x |
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 2 times since incorporation
- FL CAPITAL HOLDINGS LIMITED 2015-01-08 → present
- FL CAPITAL LTD 2012-03-12 → 2015-01-08
- FREELANCERS LIMITED 2000-09-27 → 2012-03-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Kreston Reeves Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“It has been widely reported that some of the group companies are in dispute with the UK Tax Authority. In November 2024 HMRC issued a claim against FL Capital Holdings Limited, Ducas Limited and Enix Services Limited in an ex parte hearing at the High Court. A Freezing Order was issued against the assets of the three companies with a provision to allow bank transactions in the 'ordinary and proper' course of business which has allowed the companies to continue to trade. This matter is due to be heard in the First Tier Tax Tribunal during April and May of 2026. The directors remain confident of the position of the group.”
Group structure
- FL CAPITAL HOLDINGS LIMITED · parent
- Ducas Limited 100%
- Maxipay Accounting Services Limited 100%
- MP Payroll Solutions Limited 100%
- Elias Contracting Limited 100%
- Construction Arena Limited 100%
- United Associates (UK) Limited 100%
- Paymax Limited 100%
- Maxipay International Limited 100%
- Certainty PSC Limited 100%
- Enix Services Limited 100%
- Maxipay Umbrella Limited(formerly Construction 2020 Limited) 100%
- MP Human Resources Limited 100%
- Evolution Umbrella Limited 100%
Significant events
- “The group currently maintains cash balances at a level, which precludes the need for debt finance. Bank interest rates are monitored to ensure that the group is earning the greatest return on these balances, whilst maintaining liquidity and cash flow.”
- “The group intends to continue to ensure that the software it uses is constantly monitored and updated so as to reflect and comply with relevant taxation and legal developments as they occur and to concentrate on expanding the range of services provided to clients in order to maintain its competitive edge.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAILEY, Simon Mark | Director | 2015-10-19 | Oct 1962 | British |
| MONKS, Timothy David | Director | 2000-09-27 | Aug 1945 | British |
| TANKARD, Michael Charles | Director | 2015-10-19 | Aug 1982 | British |
| TAYLOR, Louise Diana | Director | 2016-12-28 | Oct 1980 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EWART, Linda Jacqueline | Secretary | 2011-10-10 | 2014-06-13 |
| LODEJ, Richard | Secretary | 2001-04-05 | 2011-09-01 |
| MUDDELL, Kevin Gerald | Secretary | 2000-09-27 | 2001-04-05 |
| REEVES, Anthony Alexander | Secretary | 2014-06-13 | 2023-11-27 |
| THOMAS, Howard | Nominee Secretary | 2000-09-27 | 2000-09-27 |
| BONSER, Timothy David | Director | 2024-04-09 | 2024-11-13 |
| MUDDELL, Kevin Gerald | Director | 2000-10-14 | 2001-04-05 |
| REEVES, Anthony Alexander, Mr. | Director | 2015-10-19 | 2023-11-27 |
| TESTER, William Andrew Joseph | Nominee Director | 2000-09-27 | 2000-09-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Timothy David Monks | Individual | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-30 | AA | accounts | Accounts with accounts type group | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-17 | AA | accounts | Accounts with accounts type group | |
| 2024-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-11-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-25 | AA | accounts | Accounts with accounts type group | |
| 2022-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-03 | AA | accounts | Accounts with accounts type group | |
| 2021-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-18 | AA | accounts | Accounts with accounts type group | |
| 2020-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-10 | AA | accounts | Accounts with accounts type group | |
| 2019-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-07-31 | AA | accounts | Accounts with accounts type group | |
| 2018-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-08-03 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.