THE SPECIALIST WORKS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-25 (in 8mo)
Last made up 2026-01-11
Watchouts
None on the register
Cash
£983K
+6.1% vs 2024
Net assets
£28M
+5.6% highest in 4 filed years
Employees
89
-22.6% lowest in 4 filed years
Profit before tax
£2M
+254.4% first positive since 2024
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2025-03-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £98,117,036 | £87,713,299 | £63,230,713 | £63,490,586 | |
| Operating profit | — | £3,043,990 | £1,787,322 | -£1,035,129 | £1,565,604 | |
| Profit before tax | — | £3,047,289 | £1,765,674 | -£1,029,190 | £1,588,973 | |
| Net profit | — | £2,402,769 | £1,446,287 | -£613,854 | £1,478,381 | |
| Cash | — | £8,677,565 | £10,355,944 | £926,479 | £983,176 | |
| Total assets less current liabilities | — | £19,114,062 | £20,560,349 | £26,398,708 | £27,877,089 | |
| Net assets | — | — | — | £26,387,792 | £27,866,173 | |
| Equity | £16,911,293 | £19,114,062 | £20,560,349 | £26,387,792 | £27,866,173 | |
| Average employees | — | 138 | 117 | 115 | 89 | |
| Wages | — | £7,003,222 | £5,475,737 | £6,420,894 | £5,071,211 | |
| Directors' remuneration | — | £935,336 | £490,297 | £59,695 | £255,595 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+0.4%
£63,230,713 £63,490,586
-
Cash
+6.1%
£926,479 £983,176
-
Net assets
+5.6%
£26,387,792 £27,866,173
-
Employees
-22.6%
115 89
lowest in 4 filed years
-
Operating profit
+251.2%
-£1,035,129 £1,565,604
first positive since 2024
-
Profit before tax
+254.4%
-£1,029,190 £1,588,973
first positive since 2024
-
Wages
-21%
£6,420,894 £5,071,211
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | 3.1% | 2.0% | -1.6% | 2.5% | |
| Net margin | — | 2.4% | 1.6% | -1.0% | 2.3% | |
| Return on capital employed | — | 15.9% | 8.7% | -3.9% | 5.6% | |
| Current ratio | — | — | — | 1.89x | 1.88x | |
| Interest cover | — | — | 82.56x | — | — |
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
- THE SPECIALIST WORKS LIMITED 2015-12-11 → present
- THE INSERT HOUSE LIMITED 2002-11-29 → 2015-12-11
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- TC Group
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are confident that the going concern basis of preparation is appropriate given the combination of projected cash inflows from trading and the continued support of the company's bankers.”
Group structure
- THE SPECIALIST WORKS LIMITED · parent
- The Specialist Works Holdings LLC 100%
- Specialist Works EM LLC 93.19%
- TSW NY LLC 100%
- Transactional Media Limited 100%
- The Specialist Works (IRE) Limited 90%
- The Insert House GmbH 100%
- Mint Global Limited 100%
- The Insert House Limited 100%
- The Specialist Works Connections LLC 89.79%
Significant events
- “The Group restructure in June 2024 (FY 2023/4) has enabled the business to drive a significantly improved performance in 2024/5.”
- “Management restructured the business in mid-2023 to streamline the cost base. The restructure led to exceptional one-off costs, which included redundancy payments.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOWNEY, Richard | Director | 2016-05-06 | Feb 1976 | British |
| JONES, Parry | Director | 2012-05-21 | Jul 1983 | British |
| POVER, Matthew | Director | 2016-05-06 | Feb 1976 | British |
| WHELAN, Matthew | Director | 2016-05-06 | Dec 1982 | British |
| WILSON, Thomas | Director | 2015-03-23 | Dec 1981 | British |
| WOOLLEY, Martin Mark | Director | 2009-12-21 | Sep 1967 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEWCOCK, Martyn Conrad | Secretary | 2002-11-29 | 2018-08-14 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Secretary | 2002-11-29 | 2002-11-29 |
| BARTYS, James Peter Maurice | Director | 2015-03-23 | 2017-01-27 |
| BISNAAR, Justin | Director | 2008-10-01 | 2011-07-01 |
| BROWN, Verity Joan Alice | Director | 2017-01-27 | 2023-06-23 |
| ILLSTON, Nick | Director | 2018-02-20 | 2018-08-14 |
| LEWCOCK, Conrad Simon James | Director | 2002-11-29 | 2018-08-14 |
| LEWCOCK, Martyn Conrad | Director | 2009-12-14 | 2018-08-14 |
| MAULL, Greg | Director | 2015-03-23 | 2018-08-14 |
| MOSS, James Edward | Director | 2013-11-16 | 2019-01-19 |
| PARKUS, Elliot Michael | Director | 2013-11-16 | 2015-03-23 |
| SWANNELL, David Robert Edward | Director | 2015-03-23 | 2022-06-03 |
| WHEELE, James Thomas | Director | 2016-05-06 | 2018-04-30 |
| WHYTE, Gary Armstrong | Director | 2009-12-21 | 2017-11-05 |
| LONDON LAW SERVICES LIMITED | Corporate Nominee Director | 2002-11-29 | 2002-11-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| What's Possible Marketing Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-08-14 | Active |
| Mr Conrad Simon James Lewcock | Individual | Shares 50–75% | 2016-04-06 | Ceased 2018-08-14 |
Filing timeline
Last 20 of 146 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-15 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-29 | AA | accounts | Accounts with accounts type full | |
| 2025-04-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | AA | accounts | Accounts with accounts type full | |
| 2024-01-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-23 | CH01 | officers | Change person director company with change date | |
| 2024-01-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-15 | AA | accounts | Accounts with accounts type full | |
| 2023-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-02-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-08-02 | AA01 | accounts | Change account reference date company current extended | |
| 2022-07-13 | AA | accounts | Accounts with accounts type full | |
| 2022-06-06 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-27 | SH06 | capital | Capital cancellation shares | |
| 2022-04-27 | SH03 | capital | Capital return purchase own shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.