OPENWORK LIMITED
Get an alert when OPENWORK LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-03 (in 11mo)
Last made up 2026-03-20
Watchouts
None on the register
Cash
£61M
+8.7% vs 2023
Net assets
£63M
-66.5% vs 2023
Employees
—
Average over period
Profit before tax
£8M
-12.8% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £417,101,000 | £443,318,000 | |
| Operating profit | -£3,665,000 | -£3,681,000 | |
| Profit before tax | £8,801,000 | £7,673,000 | |
| Net profit | £6,378,000 | £5,376,000 | |
| Cash | £56,107,000 | £61,005,000 | |
| Total assets less current liabilities | £231,260,000 | £109,524,000 | |
| Net assets | £187,304,000 | £62,680,000 | |
| Equity | £187,304,000 | £62,680,000 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | £862,000 | £874,000 |
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 2024-12-31 vs 2023-12-31
-
Turnover
+6.3%
£417,101,000 £443,318,000
-
Cash
+8.7%
£56,107,000 £61,005,000
-
Net assets
-66.5%
£187,304,000 £62,680,000
-
Employees
—
Not reported
-
Operating profit
-0.4%
-£3,665,000 -£3,681,000
-
Profit before tax
-12.8%
£8,801,000 £7,673,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -0.9% | -0.8% | |
| Net margin | 1.5% | 1.2% | |
| Return on capital employed | -1.6% | -3.4% | |
| Gearing (liabilities / total assets) | 34.4% | 67.9% | |
| Current ratio | 4.05x | 1.46x | |
| Interest cover | -4.60x | -4.84x |
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 1 time since incorporation
- OPENWORK LIMITED 2005-01-07 → present
- INDIRECT SOLUTIONS LIMITED 2002-03-20 → 2005-01-07
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, the Directors have a reasonable expectation that the Company will be able to continue in operation and meet its liabilities as they fall due over the immediate 12-month period from the date of signing this report.”
Significant events
- “On 27 May 2025, the Openwork Partnership LLP announced the completion of the transaction under which Bain Capital has taken a minority shareholding in Openwork Holdings Limited (the parent company of the Company).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 48 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MANDRYKO, Erica | Secretary | 2026-04-11 | — | — |
| BARKER, Robin Matthew | Director | 2025-10-20 | Aug 1972 | Italian |
| BENNISON, Sara Philippa | Director | 2023-12-19 | Sep 1967 | British |
| CROCKER, Duncan | Director | 2021-01-20 | May 1958 | British |
| HOWELL, Philip Luard | Director | 2021-01-20 | Nov 1955 | British |
| MATHIAS, Jennifer Elizabeth | Director | 2025-04-16 | Jul 1974 | British |
| MURISON, Rosanne Mary | Director | 2023-02-22 | Mar 1960 | British |
| STEPHEN, Thomas Mark | Director | 2023-02-22 | Jun 1957 | British |
Show 48 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GIBBON, Margaret Elizabeth | Secretary | 2002-03-20 | 2003-08-18 |
| HALE, Isla Rebecca | Secretary | 2005-04-21 | 2005-05-24 |
| LOWE, Nigel | Secretary | 2005-05-04 | 2006-04-12 |
| OLISA HOLDING, Lily | Secretary | 2003-08-18 | 2005-04-21 |
| ROGERS, Helen Frances Leigh | Secretary | 2006-04-12 | 2007-11-01 |
| QUAYSECO LIMITED | Corporate Secretary | 2007-11-01 | 2026-04-10 |
| BAILEY, Caroline | Director | 2005-04-21 | 2009-04-20 |
| BAKER, Brian John | Director | 2002-03-20 | 2003-09-30 |
| BALDWIN, Keith Reginald | Director | 2002-03-20 | 2003-08-31 |
| BRUNT, Simon Rogerson | Director | 2005-04-21 | 2011-09-30 |
| BUCKINGHAM, Stuart | Director | 2016-06-18 | 2017-03-24 |
| BURNE, Michael James | Director | 2009-04-20 | 2010-01-25 |
| CARBY, Keith Arthur | Director | 2007-10-15 | 2009-07-08 |
| CHIDWICK, Kevin David | Director | 2018-06-08 | 2020-02-01 |
| CLEE, Stuart John | Director | 2016-05-20 | 2018-04-09 |
| CLIFFORD, Simon John | Director | 2011-09-30 | 2014-12-05 |
| COLSELL, Steven James | Director | 2004-07-08 | 2004-09-30 |
| DAVIS, Martin Michael Arthur | Director | 2009-07-29 | 2011-06-15 |
| DODSON, Stuart John | Director | 2022-02-15 | 2025-12-31 |
| DUCKWORTH, Mark | Director | 2011-07-07 | 2020-02-28 |
| ELLEN, Peter John | Director | 2008-01-29 | 2009-04-20 |
| FEINSTEIN, Martin Douglas | Director | 2004-09-01 | 2005-04-21 |
| FERNS, Michael Andrew | Director | 2004-07-08 | 2010-01-25 |
| GRECO, Mario | Director | 2008-07-29 | 2009-12-08 |
| GRIM, Anne Marie | Director | 2021-01-20 | 2023-03-31 |
| HOPPER, Jon | Director | 2005-04-21 | 2007-10-18 |
| HOTSON, Grant Thomas | Director | 2023-02-22 | 2024-09-13 |
| HOUGHTON, Richard David | Director | 2020-07-10 | 2024-11-11 |
| HOWE, Peter Charles | Director | 2003-08-18 | 2004-07-08 |
| KENMIR, Anthony Paul | Director | 2005-04-21 | 2006-05-01 |
| KNOWLTON, Mark | Director | 2019-10-04 | 2021-02-04 |
| LEAMAN, Stephen James | Director | 2004-11-05 | 2007-10-15 |
| LOVETT, Ian Nicholas | Director | 2011-08-30 | 2021-05-05 |
| MCINTYRE, Mary-Anne | Director | 2010-11-17 | 2015-03-17 |
| MILNER, Neil | Director | 2016-05-26 | 2018-12-31 |
| MITCHENER, Paul John | Director | 2010-03-29 | 2021-02-04 |
| MOORE, Gerard Thomas | Director | 2009-04-20 | 2010-01-25 |
| NAGEL, Marcs | Director | 2009-12-08 | 2012-02-27 |
| NAGEL, Marcus | Director | 2014-08-06 | 2016-05-19 |
| OLDSTEIN, Claire Simone | Director | 2018-11-21 | 2021-02-17 |
| OLISA HOLDING, Lily | Director | 2003-10-16 | 2004-07-08 |
| SIMS, David Perrott | Director | 2004-07-08 | 2004-11-05 |
| SMART, Andrew John | Director | 2018-06-08 | 2022-12-31 |
| VAN DE GEIJN, Paulus | Director | 2005-05-24 | 2008-07-29 |
| VAN DE GEIJN, Paulus | Director | 2004-07-08 | 2005-04-21 |
| WILLIAMS, Gary John Stephen | Director | 2012-02-27 | 2014-08-06 |
| WORTHY, Judith | Director | 2017-09-12 | 2018-01-12 |
| WORTHY, Judith Margaret Ann | Director | 2015-03-16 | 2016-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Openwork Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 210 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-16 MA Memorandum articles
- 2025-06-16 RESOLUTIONS Resolution
- 2024-08-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | AD02 | address | Change sail address company with old address new address | |
| 2026-04-13 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-04-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-30 | AA | accounts | Accounts with accounts type full | |
| 2025-10-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-16 | MA | incorporation | Memorandum articles | |
| 2025-06-16 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-30 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-08-15 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-08-15 | SH20 | capital | Legacy | |
| 2024-08-15 | CAP-SS | insolvency | Legacy | |
| 2024-08-15 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-25 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 3
- Officers appointed
- 2
- Officers resigned
- 2
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.