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Cash

£2.8M

+60.6% highest in 3 filed years

Net assets

£13M

+13.4% highest in 3 filed years

Employees

189

-10% lowest in 3 filed years

Profit before tax

£1.8M

+224.7% highest in 3 filed years

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28

Metric Trend 2024-02-292025-02-282026-02-28 Δ vs prior
Turnover £45,621,577£42,360,352£41,624,639 -1.7%
Operating profit £354,532£1,149,880£2,334,336 +103%
Profit before tax -£185,712£558,206£1,812,293 +224.7%
Net profit £102,048-£199,548£1,546,050 +874.8%
Cash £1,544,704£1,737,411£2,790,917 +60.6%
Total assets less current liabilities £23,202,607£22,856,189£17,911,365 -21.6%
Net assets £11,710,886£11,511,338£13,057,386 +13.4%
Equity £11,710,886£11,511,338£13,057,386 +13.4%
Average employees 245210189 -10%
Wages £7,369,591£6,689,287£6,398,569 -4.3%
Directors' remuneration £260,230£143,371£153,788 +7.3%

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 2024-02-292025-02-282026-02-28
Operating margin 0.8%2.7%5.6%
Net margin 0.2%-0.5%3.7%
Return on capital employed 1.5%5.0%13.0%
Gearing (liabilities / total assets) 61.6%55.1%
Current ratio 1.60x1.70x1.07x
Interest cover 0.66x1.94x4.46x

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

  1. PORTION SOLUTIONS LIMITED 2020-01-29 → present
  2. SINGLE SOURCE LIMITED 2001-10-17 → 2020-01-29
  3. PCO 303 LIMITED 2001-09-10 → 2001-10-17

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
Saffery LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

3 active · 17 resigned

Name Role Appointed Born Nationality
FOX, Nicholas James Director 2022-06-09 Dec 1975 English
GLABGEN, Adolf Johannes Director 2009-10-02 Oct 1967 German
MOLL, Sidney Director 2017-11-03 Aug 1967 Dutch
Show 17 resigned officers
Name Role Appointed Resigned
NORFOLK, Fiona Anne Secretary 2016-10-20 2019-02-12
THOMPSON, Stewart Secretary 2001-10-10 2002-07-04
WARDLE, John Marcus Secretary 2002-07-04 2016-10-20
PAILEX SECRETARIES LIMITED Corporate Secretary 2001-09-10 2001-10-10
COTTON, Nora Joy Director 2001-10-10 2009-10-02
DORLEIJN, Adrianus Jacobus Director 2009-10-02 2013-04-01
GOODWIN, Neil Thomas Director 2007-04-10 2008-04-28
HOLROYD, John Director 2001-10-16 2009-10-02
KOLBE, Richard Bartholomew Allen Director 2001-12-03 2014-04-01
MAINWARING, Paul Roy Director 2008-10-01 2017-04-30
NICHOLSON, Ian Simon Director 2014-04-01 2024-02-29
NORFOLK, Fiona Anne Director 2016-03-01 2022-02-28
NOTA, Gerard Pancratius Director 2009-10-02 2017-11-03
THELWELL, James Michael Director 2001-11-02 2016-10-27
THOMPSON, Stewart Director 2001-10-10 2009-10-02
WARDLE, John Marcus Director 2002-01-02 2016-10-20
PAILEX NOMINEES LIMITED Corporate Director 2001-09-10 2001-10-10

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 124 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2020-01-29 RESOLUTIONS Resolution
Date Type Category Description
2026-06-28 AA accounts Accounts with accounts type full
2025-10-23 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-07-21 AA accounts Accounts with accounts type full
2025-03-11 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2024-10-21 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-09-03 AA accounts Accounts with accounts type full
2024-03-04 TM01 officers Termination director company with name termination date PDF
2024-01-12 AD01 address Change registered office address company with date old address new address PDF
2023-11-20 AA accounts Accounts with accounts type full
2023-10-17 CS01 confirmation-statement Confirmation statement with updates PDF
2023-03-01 SH01 capital Capital allotment shares PDF
2022-12-06 AA accounts Accounts with accounts type full
2022-10-20 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-08-26 AP01 officers Appoint person director company with name date
2022-03-07 TM01 officers Termination director company with name termination date PDF
2021-10-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-09-22 AA accounts Accounts with accounts type full
2020-11-26 CS01 confirmation-statement Confirmation statement with no updates PDF
2020-11-03 AA accounts Accounts with accounts type full
2020-01-29 RESOLUTIONS resolution Resolution

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page