EPYX LIMITED
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Cash
£5m
+11.8% vs 2024
Net assets
£35m
-83.8% lowest in 3 filed years
Employees
120
-3.2% vs 2024
Profit before tax
£57m
-4.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to Note 1 and Note 22 of these financial statements, which indicate that on 13 June 2026, Fleetcor UK Acquisition Limited (the UK parent company) entered into a definitive sale and purchase agreement with OEC Bidco Limited for the disposal of certain entities within the group, including Epyx Limited. This transaction is expected to complete within the next 12 months, subject to approvals being obtained from relevant competition authorities. The expected change in ownership means that the directors have material uncertainty over the future plans for the business within the new owner group. This is a consideration which is specific solely to the context of the agreed acquisition and in no way reflects the current financial and operational viability of the company.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £60,165,000 | £67,379,000 | £70,184,000 | +4.2% | |
| Operating profit | £47,010,000 | £53,337,000 | £54,371,000 | +1.9% | |
| Profit before tax | £50,137,000 | £60,001,000 | £57,471,000 | -4.2% | |
| Net profit | £40,081,000 | £42,241,000 | £73,584,000 | +74.2% | |
| Cash | £5,199,000 | £4,433,000 | £4,955,000 | +11.8% | |
| Total assets less current liabilities | £175,658,000 | £218,686,000 | £35,371,000 | -83.8% | |
| Net assets | £175,658,000 | £218,686,000 | £35,371,000 | -83.8% | |
| Equity | £175,658,000 | £218,686,000 | £35,371,000 | -83.8% | |
| Average employees | 111 | 124 | 120 | -3.2% | |
| Wages | £6,411,000 | £5,280,000 | £6,788,000 | +28.6% | |
| Directors' remuneration | £371,000 | £963,000 | £384,000 | -60.1% | |
| Directors' pension contributions | £10,000 | £9,000 | £7,000 | -22.2% | |
| Highest paid director | — | £720,000 | £360,000 | -50% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 78.1% | 79.2% | 77.5% | |
| Net margin | 66.6% | 62.7% | 104.8% | |
| Return on capital employed | 26.8% | 24.4% | 153.7% | |
| Gearing (liabilities / total assets) | 37.8% | 36.3% | 32.9% | |
| Current ratio | 2.60x | 2.71x | 2.64x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to Note 1 and Note 22 of these financial statements, which indicate that on 13 June 2026, Fleetcor UK Acquisition Limited (the UK parent company) entered into a definitive sale and purchase agreement with OEC Bidco Limited for the disposal of certain entities within the group, including Epyx Limited. This transaction is expected to complete within the next 12 months, subject to approvals being obtained from relevant competition authorities. The expected change in ownership means that the directors have material uncertainty over the future plans for the business within the new owner group. This is a consideration which is specific solely to the context of the agreed acquisition and in no way reflects the current financial and operational viability of the company.”
Significant events
- “In February 2026, the Company declared and paid a dividend of £21m to Quadrum Investments Group Limited.”
- “On 13 June 2026, Fleetcor UK Acquisition Limited (the UK parent company) entered into a definitive sale and purchase agreement with OEC Bidco Limited for the sale of the entire issued share capital of Quadrum Investments Group Limited (the immediate parent company).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CAMERON, Dawn Louise | Director | 2022-05-06 | Oct 1966 | British |
| VARADPANDE, Aditya | Director | 2022-08-26 | Jan 1977 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRAWFORD, Peter Alan | Secretary | 2006-05-05 | 2013-10-11 |
| KING, Nicola Jane | Secretary | 2000-10-11 | 2000-11-02 |
| MACIVER, Angus Duncan | Secretary | 2013-10-11 | 2018-05-31 |
| SNOWDEN, Jeremy Fredrick | Secretary | 2000-11-02 | 2006-05-05 |
| BLAZYE, Andrew Robert | Director | 2013-10-11 | 2017-07-28 |
| CONNELL, Gregson Lee | Director | 2000-12-01 | 2013-10-11 |
| CRAWFORD, Peter Alan | Director | 2006-01-01 | 2013-10-11 |
| DALE, Geoffrey | Director | 2000-11-02 | 2007-10-24 |
| DEY, Eric Richard | Director | 2013-10-11 | 2020-09-01 |
| FREUND, Charles Richard | Director | 2020-09-01 | 2022-10-02 |
| GASKELL, Kevin Derek | Director | 2000-11-02 | 2007-10-24 |
| KING, Alan | Director | 2017-07-28 | 2022-08-16 |
| KRAVOS-MEDIMOREC, Anita | Director | 2019-02-11 | 2020-12-31 |
| MACIVER, Angus Duncan | Director | 2013-10-11 | 2018-05-30 |
| O'HARA, Gareth Thomas | Director | 2000-10-11 | 2000-11-02 |
| PISCIOTTA, Steven Joseph | Director | 2013-10-11 | 2022-05-06 |
| SNOWDEN, Jeremy Fredrick | Director | 2000-11-02 | 2007-10-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Quadrum Investment Group Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 163 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-25 | AA | accounts | Accounts with accounts type full | |
| 2025-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2024-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-28 | AA | accounts | Accounts with accounts type full | |
| 2023-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-23 | AA | accounts | Accounts with accounts type full | |
| 2022-10-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-13 | AA | accounts | Accounts with accounts type full | |
| 2022-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-26 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-10 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-13 | AA | accounts | Accounts with accounts type full | |
| 2021-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2020-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-01 | AP01 | officers | Appoint person director company with name date | |
| 2020-09-01 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.