XCEDE LIMITED

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

• Turnover

  -10.5%

  £38,638,531 → £34,600,395

• Cash

  +360.4%

  £60,328 → £277,748

  highest in 4 filed years

• Net assets

  +4.1%

  -£13,130,484 → -£12,590,611

• Employees

  -9.6%

  94 → 85

• Operating profit

  +179.6%

  -£1,278,444 → £1,017,579

  highest in 3 filed years

• Profit before tax

  +130.8%

  -£1,751,601 → £539,873

  highest in 4 filed years

• Wages

  -12.6%

  £7,277,240 → £6,357,488

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

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.

1. XCEDE LIMITED 2021-10-13 → present
2. XCEDE RECRUITMENT SOLUTIONS LIMITED 2003-04-22 → 2021-10-13

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Harris & Trotter LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“To asses the reasonableness of the going concern basis of preparation, the Directors have prepared forecasts for the period to December 2027 for the group which the company is part of. These forecasts have been prepared considering the sectors that the group operates, the continued growth the group is experiencing and the potential uncertainty due to global geopolitical events. Throughout the going concern review period as determined by the Directors, the Group meets its financial covenants and is forecast to meet its liabilities as they fall due. The Directors continue to closely monitor the Group funding requirements and are working closely with their significant shareholder and fund providers to ensure that the Group is appropriately funded over the next 12 to 18 months.”

Significant events

• “The results of the Company for the year, as set out on page 9 show a profit on ordinary activities before tax of £539,872 (2023: loss of £1,751,602)”
• “Demand for talent across the areas the business supports remains strong, and the Group is confident that it is properly positioned to continue growth.”
• “The overall potential performance of the company in the following year is positive, with EBITDA projecting to increase to £2m, a rise of £328k (19.1%) driven by a reduction in direct costs of 18% and overheads of 11%. Despite the overall drop in sales, the sharper reduction in costs explains the EBITDA increase.”
• “Intercompany Recoverability: The recoverability of the amounts owed from group entities has been based on the review of the trading activities and forecasts for the next 12 months for the wider group and entities the debt relates to in order to ensure the group lending will be continued and no issues in the ability of the groups liquidity and going concern as a whole.”
• “Exceptional items are mainly comprised of dilapidation charges and redundancy costs.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.