OUTCO LIMITED
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Cash
£2M
+16.9% vs 2023
Net assets
£26M
+10.7% vs 2023
Employees
197
-47.5% vs 2023
Profit before tax
£3M
-18.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £34,697,762 | £34,914,664 | +0.6% | |
| Operating profit | £3,585,138 | £2,684,331 | -25.1% | |
| Profit before tax | £3,527,275 | £2,870,693 | -18.6% | |
| Net profit | £2,993,107 | £2,533,922 | -15.3% | |
| Cash | £1,856,580 | £2,169,903 | +16.9% | |
| Total assets less current liabilities | £23,793,903 | £26,327,825 | +10.6% | |
| Net assets | £23,578,903 | £26,112,825 | +10.7% | |
| Equity | £23,578,903 | £26,112,825 | +10.7% | |
| Average employees | 375 | 197 | -47.5% | |
| Wages | £7,400,789 | £6,082,461 | -17.8% | |
| Directors' remuneration | £142,026 | £211,000 | +48.6% |
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 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Operating margin | 10.3% | 7.7% | |
| Net margin | 8.6% | 7.3% | |
| Return on capital employed | 15.1% | 10.2% | |
| Gearing (liabilities / total assets) | 33.3% | 12.2% | |
| Current ratio | 2.75x | 7.95x | |
| Interest cover | 15.90x | 5500.68x |
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
- OUTCO LIMITED 2021-05-18 → present
- GRITIT LIMITED 2004-06-23 → 2021-05-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- James Cowper Kreston Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have made an assessment and satisfied themselves of the Group and Company's ability to continue as a going concern. The key elements of this assessment were the Group and Company's cash flow forecasts and projections, in addition to the Group's considerable cash balance and available bank facilities. These forecasts and projections, based on reasonably possible changes in trading performance, show the Group and Company have significant resources to continue in operational existence for at least 12 months from the date of this report.”
Significant events
- “There has been a Group simplification exercise to dispense with superfluous non trading entities via solvent stike off post year end. The net effect of this exercise at consolidated level is £nil.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AHERNE, Brendan | Director | 2024-10-09 | Oct 1979 | British |
| PETSCH, Brendon | Director | 2024-10-09 | Jul 1975 | British |
| PETSCH, Jason Matthew | Director | 2014-07-11 | Aug 1973 | Greek |
| SMEATON, Richard Paul | Director | 2023-03-06 | Apr 1974 | British |
| WEBB, Stephen | Director | 2024-10-09 | Jun 1976 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENHAM, Matthew David | Secretary | 2014-07-11 | 2019-07-12 |
| KIGHT, Emma Jane | Secretary | 2004-06-23 | 2014-07-11 |
| BENHAM, Matthew David | Director | 2012-11-13 | 2014-04-30 |
| DINAN, John Barry Henry | Director | 2014-04-30 | 2014-07-11 |
| GORDON, James Douglas Strachan | Director | 2014-04-16 | 2014-07-11 |
| KIGHT, Alastair Richard Louis | Director | 2004-06-23 | 2014-07-11 |
| KIGHT, Emma Jane | Director | 2004-06-23 | 2014-07-11 |
| NYE, Graham Richard | Director | 2014-04-16 | 2014-07-11 |
| PETSCH, Jason Matthew | Director | 2006-10-10 | 2014-04-30 |
| SINGH-BARMI, Raminder | Director | 2012-11-13 | 2014-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Outco Trading Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-09-30 | Ceased 2024-09-30 |
| Outco Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-09-30 | Active |
| Fourtuna Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2024-09-30 |
Filing timeline
Last 20 of 134 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-25 MA Memorandum articles
- 2025-07-25 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-31 | AD02 | address | Change sail address company with old address new address | |
| 2025-10-31 | CH01 | officers | Change person director company with change date | |
| 2025-10-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-31 | CH01 | officers | Change person director company with change date | |
| 2025-10-31 | CH01 | officers | Change person director company with change date | |
| 2025-10-31 | CH01 | officers | Change person director company with change date | |
| 2025-10-31 | CH01 | officers | Change person director company with change date | |
| 2025-08-01 | CH01 | officers | Change person director company with change date | |
| 2025-07-25 | MA | incorporation | Memorandum articles | |
| 2025-07-25 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-04 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- 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.