SSGC LTD
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Next accounts due
2025-11-30
Overdue
Confirmation statement due
2027-02-05 (in 9mo)
Last made up 2026-01-22
Watchouts
Cash
£101K
Latest balance sheet
Net assets
£652K
Equity attributable
Employees
254
Average over period
Profit before tax
-£908K
Period ending 2023-11-30
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-11-30.
-
Material uncertainty over going concern
We draw attention to Note 1 in the financial statements, which indicates that the company's post balance sheet date results reflect that its current liabilities exceeded its total assets. As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2023-11-30
| Metric | Trend | 2018-03-31 | 2019-03-31 | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-11-30 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £80,181,609 | £8,653,970 | |
| Operating profit | — | — | — | — | £337,078 | -£768,126 | |
| Profit before tax | — | — | — | — | £212,598 | -£908,457 | |
| Net profit | — | — | — | — | £173,733 | -£1,006,861 | |
| Cash | £22,472 | — | — | — | £1,313,697 | £101,318 | |
| Total assets less current liabilities | £41,967 | — | — | — | £1,658,901 | £652,040 | |
| Net assets | £41,967 | — | — | — | £1,658,901 | £652,040 | |
| Equity | £41,967 | £48,796 | £310,186 | — | £1,658,901 | £652,040 | |
| Average employees | — | — | — | — | 2,387 | 254 | |
| Wages | — | — | — | — | £47,514,970 | £5,078,644 | |
| Directors' remuneration | — | — | — | — | £304,167 | £204,167 |
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
FY2022 → FY2023 · period ending 2023-11-30 vs 2022-05-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-03-31 | 2019-03-31 | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-11-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 0.4% | -8.9% | |
| Net margin | — | — | — | — | 0.2% | -11.6% | |
| Return on capital employed | — | — | — | — | 20.3% | -117.8% | |
| Gearing (liabilities / total assets) | — | — | — | — | 87.1% | 86.7% | |
| Current ratio | — | — | — | — | 1.12x | 1.12x | |
| Interest cover | — | — | — | — | 2.57x | -5.35x |
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
- SSGC LTD 2014-10-31 → present
- WIRESPEED CONSULTANTS LTD 2002-07-25 → 2014-10-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Haines Watts
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to Note 1 in the financial statements, which indicates that the company's post balance sheet date results reflect that its current liabilities exceeded its total assets. As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”
Significant events
- “The de-mobilisation and non-payment for the two year long Covid-19 government contract managed by Serco dominate the fiscal results reported here.”
- “During the YE23 period the business secured a place on the government strategic procurement framework RM6257 which is operated by the Crown Commercial Service (CCS).”
- “Post year end, the company's current liabilities exceed its current assets. While the asset side of the Serco mediation (refer to the Strategic Report for detail) was concluded in April 2024, that included a requirement to resolve matters with thirty-four affected supply chain partners, at the time of reporting that work is materially complete but ongoing.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUNGWORTH, Guy Konrad | Director | 2022-05-31 | Apr 1966 | British |
| STUBBS, David Robert | Director | 2014-10-14 | Mar 1971 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MONAGHAN, Antony | Secretary | 2006-09-19 | 2019-12-19 |
| MUTCH, Mark | Secretary | 2002-07-30 | 2006-09-19 |
| PELLATT, Annie Teresa | Secretary | 2002-07-25 | 2002-07-30 |
| DUNGWORTH, Guy Konrad | Director | 2012-12-18 | 2014-10-14 |
| MONAGHAN, Antony Charles John | Director | 2014-10-14 | 2019-12-19 |
| MUTCH, Mark | Director | 2002-07-30 | 2013-11-11 |
| PELLATT, James Michael | Director | 2002-07-25 | 2002-07-30 |
| REYES, Jansen | Director | 2002-07-30 | 2005-02-01 |
| WILTSHIRE, Craig | Director | 2012-12-18 | 2014-10-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Guy Konrad Dungworth | Individual | Shares 25–50%, Voting 25–50% | 2019-12-19 | Active |
| Mr David Robert Stubbs | Individual | Shares 25–50%, Voting 25–50% | 2019-12-19 | Active |
Filing timeline
Last 20 of 94 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-28 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-01-27 | GAZ1 | gazette | Gazette notice compulsory | |
| 2026-01-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-05 | CH01 | officers | Change person director company with change date | |
| 2025-09-04 | CH01 | officers | Change person director company with change date | |
| 2025-09-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-04 | AA | accounts | Accounts with accounts type full | |
| 2025-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-03 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-14 | AA | accounts | Accounts with accounts type full | |
| 2023-08-15 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-08-01 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-01-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-16 | AA | accounts | Accounts with accounts type full | |
| 2022-05-31 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-22 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.