ON DIRECT BUSINESS SERVICES LIMITED
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2027-01-22 (in 8mo)
Last made up 2026-01-08
Watchouts
None on the register
Cash
£1M
Latest balance sheet
Net assets
-£14M
Equity attributable
Employees
147
highest in 4 filed years
Profit before tax
£329K
first positive since 2023
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2025-06-30
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £18,992,234 | — | £29,281,023 | £53,505,756 | |
| Operating profit | — | — | — | -£2,186,485 | — | £913,066 | £2,434,190 | |
| Profit before tax | — | — | — | -£3,678,367 | £1,616,266 | -£530,090 | £329,408 | |
| Net profit | — | — | — | -£3,153,367 | £2,072,005 | -£530,090 | £329,408 | |
| Cash | — | — | — | £912,950 | £1,638,594 | £2,888,591 | £1,217,812 | |
| Total assets less current liabilities | — | — | — | -£1,899,171 | £172,834 | -£357,256 | -£3,877,848 | |
| Net assets | — | — | — | -£16,312,345 | -£14,240,340 | -£14,770,430 | -£14,441,022 | |
| Equity | -£5,141,673 | -£8,874,206 | -£13,158,978 | -£16,312,345 | -£14,240,340 | -£14,770,430 | -£14,441,022 | |
| Average employees | — | — | — | 129 | 137 | 141 | 147 | |
| Wages | — | — | — | £4,861,909 | £5,711,901 | £6,017,231 | £10,279,667 | |
| Directors' remuneration | — | — | — | £226,689 | £247,384 | £251,814 | £404,166 |
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 → FY2025 · period ending 2025-06-30 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -11.5% | — | 3.1% | 4.5% | |
| Net margin | — | — | — | -16.6% | — | -1.8% | 0.6% | |
| Return on capital employed | — | — | — | 115.1% | — | -255.6% | -62.8% | |
| Current ratio | — | — | — | — | — | 0.75x | 0.61x | |
| Interest cover | — | — | — | -1.47x | — | 0.62x | 1.10x |
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
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors do not consider that any material uncertainties exist that may cast significant doubt on the company's ability to continue as a going concern, and therefore continue to adopt the going concern basis in preparing these financial statements.”
Group structure
- ON DIRECT BUSINESS SERVICES LIMITED · parent
- AlwaysON Group Limited 100%
- Ezis Limited 100%
- iHotDesk Holdings Limited 100%
- Redblade Limited 100%
- S3 Consulting Limited 100%
- Unit IT (Pty) Limited 100%
- Unit IT Limited 100%
Significant events
- “In December 2025, the Board appointed a new CEO to guide the company's next growth phase, while the Founder transitioned to Executive Chairman. After serving as a Board Observer for 18 months, the new CEO quickly implemented strategies to flatten the organisation's structure, improve agility, and cut costs.”
- “After the reporting date, the company refinanced its existing debenture loan with a new debenture facility provided by HSBC PLC. The refinancing was completed on 23 December 2025 and the existing debenture was repaid in full.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SPEAFI SECRETARIAL LIMITED | Corporate Secretary | 2007-09-26 | — | — |
| HALL, Jane Suzanne | Director | 2016-08-01 | Apr 1968 | British |
| RAYNES, Brett | Director | 2003-01-08 | Nov 1963 | British |
| SEARLE, Leighton Craig | Director | 2026-02-05 | Mar 1978 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADDING INFORMATION LTD | Corporate Secretary | 2003-01-08 | 2007-09-26 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2003-01-08 | 2003-01-08 |
| RAWLINGS, Eliza Hoi Sie | Director | 2014-06-04 | 2016-03-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| On Direct Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-06-01 | Active |
| Mr Brett Raynes | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Ceased 2017-06-01 |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-25 | AA | accounts | Accounts with accounts type full | |
| 2026-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-10 | AA01 | accounts | Change account reference date company current extended | |
| 2025-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-29 | AA | accounts | Accounts with accounts type full | |
| 2023-08-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-01 | AA | accounts | Accounts with accounts type full | |
| 2022-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-21 | AA | accounts | Accounts with accounts type full | |
| 2021-09-22 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- 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.