XCEDE LIMITED
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Cash
£38k
-86.2% lowest in 5 filed years
Net assets
-£13m
-2.7% vs 2024
Employees
68
-20% lowest in 5 filed years
Profit before tax
-£338k
-162.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £15,248,659 | £39,361,288 | £38,638,531 | £34,600,395 | £33,659,238 | -2.7% | |
| Operating profit | £606,901 | -£12,660,131 | -£1,278,444 | £1,017,579 | -£15,613 | -101.5% | |
| Profit before tax | £537,217 | -£12,909,573 | -£1,751,601 | £539,873 | -£337,992 | -162.6% | |
| Net profit | £537,217 | -£12,910,045 | -£1,751,601 | £539,873 | -£337,992 | -162.6% | |
| Cash | £67,697 | £89,772 | £60,328 | £277,748 | £38,282 | -86.2% | |
| Total assets less current liabilities | £1,573,160 | -£11,336,885 | -£13,088,484 | -£12,548,611 | -£8,802,735 | +29.9% | |
| Net assets | £1,531,160 | -£11,378,885 | -£13,130,484 | -£12,590,611 | -£12,928,603 | -2.7% | |
| Equity | £1,531,160 | -£11,378,885 | -£13,130,484 | — | — | — | |
| Average employees | 77 | 138 | 94 | 85 | 68 | -20% | |
| Wages | £5,473,521 | £8,691,403 | £7,277,240 | £6,357,488 | £5,509,551 | -13.3% | |
| Directors' remuneration | £573,026 | £1,075,768 | £766,598 | £427,845 | £508,642 | +18.9% | |
| Directors' pension contributions | £NaN | £NaN | £63,950 | £100,464 | £43,463 | -56.7% | |
| Highest paid director | £NaN | £NaN | £253,597 | £202,123 | £189,000 | -6.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 4.0% | -32.2% | -3.3% | 2.9% | -0.0% | |
| Net margin | 3.5% | -32.8% | -4.5% | 1.6% | -1.0% | |
| Return on capital employed | 38.6% | — | — | — | — | |
| Gearing (liabilities / total assets) | 86.9% | 189.7% | 184.6% | 219.7% | 211.3% | |
| Current ratio | — | — | 0.54x | 0.45x | 0.56x | |
| Interest cover | 8.71x | -50.75x | -2.70x | 2.13x | -0.05x |
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
- XCEDE LIMITED 2021-10-13 → present
- XCEDE RECRUITMENT SOLUTIONS LIMITED 2003-04-22 → 2021-10-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Harris & Trotter LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the forecasts, considering available financing facilities, and assessing key sensitivities, the directors believe the Group has adequate resources to continue operating for the foreseeable future. Based on this assessment, they have concluded that it is appropriate to prepare the financial statements on a going concern basis. The directors have also considered the limitations of any financial covenants, and conclude that the Group is not at risk of breaching any financial covenants and expects to remain in compliance for the foreseeable future.”
Significant events
- “The results of the Company for the year, as set out on page 9 show a loss on ordinary activities before tax of £337,992 (2024: profit of £539,872).”
- “Exceptional items for 2025 include a write off of intercompany loan accounts (£226,150) and other exceptional expenses (mainly redundancy costs and professional fees) (£199,109).”
- “Exceptional items for 2024 include a write off of intercompany loan accounts (gain of £2,031,701).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FEAR, Catherine | Secretary | 2025-09-19 | — | — |
| BLANEY, Adam Thomas Ivor | Director | 2023-01-27 | Jan 1992 | British |
| GOODMAN, Andrew Graham | Director | 2023-01-27 | May 1962 | British |
| SMITH, Stephen James | Director | 2023-04-13 | Jan 1968 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOGUSH, Jeremy Howard | Secretary | 2003-05-22 | 2017-08-16 |
| HAJI, Claire Louise | Secretary | 2003-04-22 | 2003-05-22 |
| ZERONIAN, Sarkis George | Secretary | 2023-04-13 | 2025-09-19 |
| CHETTLEBURGHS SECRETARIAL LTD | Corporate Nominee Secretary | 2003-04-22 | 2003-04-22 |
| ADAMS, Luke | Director | 2017-08-16 | 2019-05-20 |
| BOGUSH, Jeremy Howard | Director | 2003-05-07 | 2017-08-16 |
| DAVIS, Alfred Morris | Director | 2019-02-04 | 2020-11-18 |
| DUQUENOY, Philip James | Director | 2011-10-20 | 2021-01-06 |
| HART, Paul James | Director | 2020-11-18 | 2022-07-08 |
| JACQUES, William John Charles | Director | 2003-04-22 | 2023-03-31 |
| KIRBY, Scott | Director | 2017-08-16 | 2018-07-04 |
| LEIGH, Michael Philip | Director | 2017-08-16 | 2020-07-01 |
| MARSH, Adam | Director | 2023-01-27 | 2026-01-31 |
| VECCHIO, Julian | Director | 2013-11-01 | 2023-01-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Xcede Group Holdings Limited | Corporate entity | Shares 75–100% | 2017-08-16 | Active |
| Mr Jeremy Howard Bogush | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-08-16 |
| Mr William John Charles Jacques | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-08-16 |
Filing timeline
Last 20 of 139 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-06 | AA | accounts | Accounts with accounts type full | |
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-10-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-30 | AA | accounts | Accounts with accounts type full | |
| 2024-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-10 | AA | accounts | Accounts with accounts type full | |
| 2023-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-23 | AA | accounts | Accounts with accounts type full | |
| 2023-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-27 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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.