BLACKHAWK NETWORK EMEA LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-28
Confirmation statement due
2027-02-21 (in 9mo)
Last made up 2026-02-07
Watchouts
None on the register
Cash
£105M
+49.5% highest in 4 filed years
Net assets
£42M
+44.6% highest in 4 filed years
Employees
425
+3.7% highest in 4 filed years
Profit before tax
£17M
+21.5% highest in 4 filed years
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-28
| Metric | Trend | 2019-12-29 | 2021-01-02 | 2022-01-01 | 2022-01-02 | 2022-12-31 | 2023-12-30 | 2024-12-28 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £20,169,000 | £24,610,000 | — | — | £144,066,000 | £163,773,000 | |
| Operating profit | — | -£961,000 | £150,000 | — | — | £11,095,000 | £12,397,000 | |
| Profit before tax | — | -£813,000 | -£125,000 | — | — | £14,368,000 | £17,463,000 | |
| Net profit | — | -£690,000 | £784,000 | — | — | £10,834,000 | £12,947,000 | |
| Cash | — | £49,721,000 | £70,166,000 | — | — | £70,496,000 | £105,424,000 | |
| Total assets less current liabilities | — | £28,541,000 | £23,810,000 | — | — | £28,997,000 | £41,944,000 | |
| Net assets | — | £21,774,000 | £17,936,000 | — | — | £28,997,000 | £41,944,000 | |
| Equity | £22,464,000 | £21,774,000 | £17,936,000 | £18,231,000 | £19,782,000 | £28,997,000 | £41,944,000 | |
| Average employees | — | 330 | 302 | — | — | 410 | 425 | |
| Wages | — | £11,002,000 | £12,532,000 | — | — | £21,395,000 | £21,841,000 | |
| Directors' remuneration | — | £77,000 | £242,000 | — | — | £1,278,000 | £1,414,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-28 vs 2023-12-30
-
Turnover
+13.7%
£144,066,000 £163,773,000
highest in 4 filed years
-
Cash
+49.5%
£70,496,000 £105,424,000
highest in 4 filed years
-
Net assets
+44.6%
£28,997,000 £41,944,000
highest in 4 filed years
-
Employees
+3.7%
410 425
highest in 4 filed years
-
Operating profit
+11.7%
£11,095,000 £12,397,000
highest in 4 filed years
-
Profit before tax
+21.5%
£14,368,000 £17,463,000
highest in 4 filed years
-
Wages
+2.1%
£21,395,000 £21,841,000
highest in 4 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-29 | 2021-01-02 | 2022-01-01 | 2022-01-02 | 2022-12-31 | 2023-12-30 | 2024-12-28 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -4.8% | 0.6% | — | — | 7.7% | 7.6% | |
| Net margin | — | -3.4% | 3.2% | — | — | 7.5% | 7.9% | |
| Return on capital employed | — | -3.4% | 0.6% | — | — | 38.3% | 29.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 88.7% | 87.1% | |
| Current ratio | — | — | — | — | — | 1.10x | 1.14x | |
| Interest cover | — | -3.08x | 0.53x | — | — | — | 5.23x |
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 4 times since incorporation
- BLACKHAWK NETWORK EMEA LIMITED 2022-11-21 → present
- HAWK INCENTIVES LIMITED 2018-05-02 → 2022-11-21
- THE GRASS ROOTS GROUP UK LIMITED 2001-06-13 → 2018-05-02
- GRASS ROOTS GROUP UK LIMITED 2001-06-08 → 2001-06-13
- 115CR (082) LIMITED 2001-02-07 → 2001-06-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and there are no post balance sheet events which alter this view. The Directors have considered the future expected cash flow of the Company by adjusting the cash flow forecasts for a reduction in gross profit, with the amended cash flow forecasts showing a positive operating cash position under a stress tested related scenario planning for a period of at least one year from the signing of these financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- BLACKHAWK NETWORK EMEA LIMITED · parent
- Intelligent Card Solutions Limited 100%
Significant events
- “The Company made a significant investment of £1.9 million in internally developed software in the period to generate profit in future periods from new products and enhancements to existing products and solutions.”
- “Within the year, the Company entered into a new lease arrangement relating to its offices in Apsley. As a result of the arrangement, the Company will reduce its occupation of the building from 4 floors to 2 with effect from 1st January 2025.”
- “On 1st January 2023 the trade and assets of Blackhawk Network (Europe) Limited were transferred to the Company at fair value and have been accounted for using the hybrid method of merger accounting. A promissory note was raised as consideration for the transfer of trade which has subsequently been waived. The waiving of this promissory note has been treated as a capital contribution and is disclosed in the profit and loss reserve.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 35 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WAINHOUSE, Michelle Josephine | Secretary | 2016-10-06 | — | — |
| GURNEY, Patrick Philip | Director | 2016-10-06 | Jun 1970 | British |
| HOWE, Matthew David | Director | 2016-10-06 | Aug 1971 | English |
| UPRICHARD, Anna Catherine | Director | 2026-01-01 | Oct 1984 | British |
| WARREN, Adrian Stuart | Director | 2023-03-01 | May 1980 | British |
Show 35 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EGERTON-KING, Nigel David | Secretary | 2004-07-21 | 2006-09-25 |
| EGERTON-KING, Nigel David | Secretary | 2001-06-14 | 2003-04-23 |
| EVANS, Marian | Secretary | 2013-06-30 | 2016-10-06 |
| MCCARTHY, Patricia | Secretary | 2003-04-23 | 2004-07-21 |
| O'BYRNE, Helen Sarah | Secretary | 2006-09-25 | 2013-06-30 |
| PEET, Alastair Jonathan Taylor | Secretary | 2001-02-07 | 2001-06-14 |
| BARTLETT, Paul Ashley | Director | 2013-03-01 | 2016-10-06 |
| BATES, Antony | Director | 2006-06-26 | 2011-07-19 |
| BURRAGE, Richard Charles | Director | 2001-06-14 | 2008-05-31 |
| CLUTTON, John Russell | Director | 2012-11-05 | 2014-03-31 |
| COLLINSON, Jonathan Jeffreys | Director | 2001-06-14 | 2001-08-24 |
| COVER, Nigel Peter Michael | Director | 2001-06-14 | 2013-12-31 |
| DIGBY, Iain William | Director | 2016-10-07 | 2018-04-16 |
| DIGBY, Iain William | Director | 2002-05-30 | 2016-10-06 |
| DONALDSON, Deborah Ann | Director | 2006-03-06 | 2009-06-30 |
| EGERTON-KING, Nigel David | Director | 2001-06-14 | 2011-05-24 |
| EVANS, David William | Director | 2001-06-14 | 2013-02-18 |
| FISHER, Jacqueline | Nominee Director | 2001-02-07 | 2001-06-14 |
| HORSHAM, Ian David | Director | 2013-03-01 | 2016-10-06 |
| KENNY, Jonathan Paul Andrew | Director | 2016-10-06 | 2018-08-07 |
| KING, Richard | Director | 2013-01-01 | 2014-04-10 |
| LISTER, Andrew William | Director | 2016-10-07 | 2017-12-15 |
| LISTER, Andrew William | Director | 2013-02-18 | 2016-10-06 |
| LISTER, Andrew William | Director | 2005-04-25 | 2012-11-05 |
| PATEL, Zarin Homi | Director | 2015-07-09 | 2016-10-06 |
| PEET, Alastair Jonathan Taylor | Director | 2001-02-07 | 2001-06-14 |
| RICHESSON, Kirsten Ellen | Director | 2016-10-06 | 2023-06-16 |
| RONALD, Christopher Noel Austin | Director | 2021-04-01 | 2026-01-02 |
| SHERRY, Michael | Director | 2006-08-22 | 2012-11-19 |
| SIDBURY, Adam | Director | 2001-06-14 | 2013-03-01 |
| SOLOMON, Nathaniel | Director | 2001-07-02 | 2002-05-30 |
| VERMAN, Martin | Director | 2016-10-07 | 2017-04-14 |
| WHITE, Julie Elizabeth | Director | 2001-06-14 | 2013-07-05 |
| WILMOT, Andrew | Director | 2006-07-01 | 2012-03-26 |
| WRIGHT, Amanda Clare Louise | Director | 2002-05-30 | 2006-03-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hawk Incentives Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 171 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-11-21 CERTNM Certificate change of name company
- 2022-11-21 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-19 | AA | accounts | Accounts with accounts type full | |
| 2025-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-24 | AD04 | address | Move registers to registered office company with new address | |
| 2024-12-03 | AA | accounts | Accounts with accounts type full | |
| 2024-02-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-12 | AA | accounts | Accounts with accounts type full | |
| 2023-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-03 | AA | accounts | Accounts with accounts type full | |
| 2022-11-21 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-11-21 | CONNOT | change-of-name | Change of name notice | |
| 2022-03-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-07-19 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2021-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2021-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.