123-REG LIMITED
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Cash
£3.6M
+3.7% vs 2023
Net assets
£733M
+17.2% vs 2023
Employees
136
-28% vs 2023
Profit before tax
£105M
+286.3% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £57,591,000 | £53,374,000 | -7.3% | |
| Operating profit | -£88,795,000 | -£2,173,000 | +97.6% | |
| Profit before tax | -£56,297,000 | £104,906,000 | +286.3% | |
| Net profit | -£56,466,000 | £103,917,000 | +284% | |
| Cash | £3,447,000 | £3,573,000 | +3.7% | |
| Total assets less current liabilities | £638,291,000 | £744,343,000 | +16.6% | |
| Net assets | £624,993,000 | £732,579,000 | +17.2% | |
| Equity | £624,993,000 | £732,579,000 | +17.2% | |
| Average employees | 189 | 136 | -28% | |
| Wages | £16,180,000 | £13,832,000 | -14.5% | |
| Directors' remuneration | £3,000 | £173,000 | +5,666.7% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -154.2% | -4.1% | |
| Net margin | -98.0% | 194.7% | |
| Return on capital employed | -13.9% | -0.3% | |
| Gearing (liabilities / total assets) | 18.2% | 16.3% | |
| Current ratio | — | 4.85x | |
| Interest cover | -30.53x | -0.76x |
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 4 times since incorporation
- 123-REG LIMITED 2015-02-23 → present
- WEBFUSION LIMITED 2009-10-13 → 2015-02-23
- GX NETWORKS LIMITED 2008-03-04 → 2009-10-13
- PIPEX COMMUNICATIONS UK LIMITED 2005-02-01 → 2008-03-04
- PIPEX HOLDINGS ONE LIMITED 2004-12-07 → 2005-02-01
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Kreston Reeves LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“We have not identified any material uncertainties to events or conditions that, individually or collectively, may cast significant doubt on the Company’s ability to continue as a going concern for at least twelve months from when the financial statements are authorised for issue. In forming this conclusion, the Directors have taken into account a letter of support received from GoDaddy Inc., confirming its commitment to provide financial support to the Company as needed until at least 31 December 2026.”
Group structure
- 123-REG LIMITED · parent
- GoDaddy Deutschland GmbH 100%
- Webfusion Internet Solutions Limited 100%
- GoDaddy S.R.L. 100%
- Host Europe GmbH 100%
- Host Europe Suisse AG 100%
- Dataedel SARL 100%
- WorldHostingDays GmbH 100%
- WorldHostingDaysUS Inc. 100%
- DomainFactory GmbH 100%
- Veli.a.Net 100%
- Domain Connect GmbH 100%
- Minds + Machines GmbH 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRADON, Andrew | Director | 2024-06-11 | May 1974 | British |
| PALITWANON, Phontip | Director | 2024-12-12 | Aug 1985 | American |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PORTER, Stewart Charles | Secretary | 2004-12-07 | 2008-12-31 |
| SHUTLER, James | Secretary | 2010-10-28 | 2017-12-07 |
| WOTHERSPOON, Rebecca Jane | Secretary | 2008-03-28 | 2010-10-28 |
| COLLINS, Alexander Fiske | Director | 2008-12-31 | 2010-10-28 |
| CONYERS, Simon Martin | Director | 2017-12-07 | 2018-10-09 |
| DADDARIO, Nicholas Anthony | Director | 2021-10-01 | 2024-12-13 |
| DUBENS, Peter Adam Daiches | Director | 2005-10-14 | 2010-10-28 |
| JOSEPH, Mark William | Director | 2008-12-31 | 2010-10-28 |
| LAU, Michele | Director | 2021-10-01 | 2023-11-17 |
| MANSELL, Matthew Stephen | Director | 2014-01-14 | 2014-07-02 |
| MOHR, Tobias | Director | 2009-03-02 | 2014-01-14 |
| PORTER, Stewart Charles | Director | 2004-12-07 | 2008-12-31 |
| PULVERMUELLER, Patrick | Director | 2010-10-28 | 2014-01-14 |
| READ, Michael David | Director | 2004-12-07 | 2008-03-28 |
| SHUTLER, James | Director | 2014-01-14 | 2017-12-07 |
| SILVEIRA DA COSTA DA CUNHA REGO, Sara | Director | 2023-11-17 | 2024-06-11 |
| TILL, David John | Director | 2008-10-20 | 2010-10-28 |
| VOLLRATH, Thomas | Director | 2009-03-02 | 2013-11-28 |
| WINSLOW, Richard Anthony | Director | 2014-07-17 | 2021-10-01 |
| WONG, Jonathan Ying Kit | Director | 2017-12-07 | 2021-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Host Europe Group Limited | Corporate entity | Shares 75–100% | 2022-07-01 | Active |
| Hel Bidco Ltd | Corporate entity | Shares 75–100% | 2022-06-27 | Ceased 2022-07-01 |
| Host Europe Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2022-06-27 |
Filing timeline
Last 20 of 182 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-06 | AA | accounts | Accounts with accounts type group | |
| 2025-02-22 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-18 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-12-20 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-09-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-21 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-10-24 | AA | accounts | Accounts with accounts type full | |
| 2023-02-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-12 | AA | accounts | Accounts with accounts type full | |
| 2022-07-07 | 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
- 2
- 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.