ABACUS DIRECT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-30
Confirmation statement due
2026-09-02 (in 4mo)
Last made up 2025-08-19
Watchouts
Cash
£0
-100% lowest in 4 filed years
Net assets
£6M
-34.4% lowest in 4 filed years
Employees
38
-39.7% lowest in 4 filed years
Profit before tax
£2M
+29% vs 2023
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 to the financial statements which explains that the directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 1. Our opinion is not modified in respect of this matter.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
5-year trend · vs Unclassified median
Accounts
5-year trend · latest reflected 2024-12-30
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-30 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £18,821,714 | £15,665,998 | |
| Operating profit | — | — | — | £1,460,609 | £1,697,928 | |
| Profit before tax | — | £2,007,625 | £835,508 | £1,236,102 | £1,595,023 | |
| Net profit | — | — | £879,330 | £872,570 | £1,186,351 | |
| Cash | — | £687,124 | £715,725 | £617,553 | £0 | |
| Total assets less current liabilities | — | £9,819,365 | £10,261,229 | £10,519,146 | £5,613,572 | |
| Net assets | — | £7,460,160 | £8,079,890 | £8,558,722 | £5,613,572 | |
| Equity | £5,878,940 | £7,460,160 | £8,079,890 | £8,558,722 | £5,613,572 | |
| Average employees | — | 58 | 64 | 63 | 38 | |
| Wages | — | £1,711,847 | £1,837,332 | £2,060,509 | £1,238,037 | |
| Directors' remuneration | — | £2,453 | £2,644 | — | — |
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 2024-12-30 vs 2023-12-31
-
Turnover
-16.8%
£18,821,714 £15,665,998
-
Cash
-100%
£617,553 £0
lowest in 4 filed years
-
Net assets
-34.4%
£8,558,722 £5,613,572
lowest in 4 filed years
-
Employees
-39.7%
63 38
lowest in 4 filed years
-
Operating profit
+16.2%
£1,460,609 £1,697,928
-
Profit before tax
+29%
£1,236,102 £1,595,023
-
Wages
-39.9%
£2,060,509 £1,238,037
lowest 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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-30 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 7.8% | 10.8% | |
| Net margin | — | — | — | 4.6% | 7.6% | |
| Return on capital employed | — | — | — | 13.9% | 30.2% | |
| Current ratio | — | — | — | 2.34x | 4.22x | |
| Interest cover | — | — | — | 6.09x | 16.50x |
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
- Fiander ETL
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to Note 1 to the financial statements which explains that the directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 1. Our opinion is not modified in respect of this matter.”
Significant events
- “On 1 August 2024 the company transferred its trading activities into another group entity. Following this date, the legal entity of Abacus Direct Limited became dormant.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| YU, Leo | Secretary | 2024-08-01 | — | — |
| WESTBROOK, Steven | Director | 2024-08-01 | Feb 1956 | British |
| YU, Leo | Director | 2024-08-01 | Jun 1984 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ORMEROD, Howard Keith | Secretary | 2006-06-30 | 2010-03-16 |
| THOMPSON, Jackie | Secretary | 2001-11-29 | 2006-09-30 |
| BRADBURY, Stephen Paul | Director | 2001-11-29 | 2020-03-10 |
| PATTISON, Ian David | Director | 2001-11-29 | 2024-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Newbury Investments (Uk) Ltd | Corporate entity | Shares 75–100% | 2024-08-01 | Active |
| Mr Steven Westbrook | Individual | Significant influence | 2024-08-01 | Active |
| Mr Leo Yu | Individual | Significant influence | 2024-08-01 | Active |
| Abacus Direct Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-12-30 | Ceased 2024-07-31 |
| Abacus Direct Properties Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-12-18 | Ceased 2019-12-30 |
| Abacus Direct Manufacturing Group Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2019-12-18 |
Filing timeline
Last 20 of 101 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-18 | AA | accounts | Accounts with accounts type full | |
| 2025-09-25 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-08-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-02 | AA | accounts | Accounts with accounts type full | |
| 2024-08-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-19 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-08-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-19 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-19 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-19 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-05-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-08 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.