S.E.D. SERVICES LIMITED
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Cash
£2.4M
+32.2% highest in 6 filed years
Net assets
£17M
+11.1% highest in 6 filed years
Employees
97
+12.8% highest in 6 filed years
Profit before tax
£2.4M
-29.8% lowest in 3 filed years
Net assets
6-year trend · vs Utilities median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £15,685,436 | £15,406,573 | -1.8% | |
| Operating profit | — | — | — | — | £3,798,748 | £2,509,355 | -33.9% | |
| Profit before tax | — | — | — | £3,793,223 | £3,348,355 | £2,351,568 | -29.8% | |
| Net profit | — | — | £2,168,378 | £3,073,345 | £2,713,366 | £1,831,069 | -32.5% | |
| Cash | £932,656 | £2,151,693 | £2,148,817 | £901,883 | £1,807,558 | £2,390,389 | +32.2% | |
| Total assets less current liabilities | £6,788,164 | £8,657,730 | £11,224,475 | £17,095,786 | £18,800,097 | £19,530,454 | +3.9% | |
| Net assets | £5,986,932 | £7,556,891 | £9,665,269 | £12,647,159 | £15,360,525 | £17,069,219 | +11.1% | |
| Equity | £5,986,932 | £7,556,891 | £9,665,269 | £12,647,159 | £15,360,525 | £17,069,219 | +11.1% | |
| Average employees | 46 | 48 | 49 | 52 | 86 | 97 | +12.8% | |
| Wages | — | — | — | £2,047,696 | £2,818,314 | £3,445,875 | +22.3% | |
| Directors' remuneration | — | — | — | £155,000 | £203,042 | £258,750 | +27.4% |
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 24.2% | 16.3% | |
| Net margin | — | — | — | — | 17.3% | 11.9% | |
| Return on capital employed | — | — | — | — | 20.2% | 12.8% | |
| Gearing (liabilities / total assets) | — | — | — | — | 31.5% | 25.1% | |
| Current ratio | — | — | — | — | 2.56x | 2.66x | |
| Interest cover | — | — | — | — | 7.90x | 14.80x |
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
- Mitchell Charlesworth (Audit) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- S.E.D. SERVICES LIMITED · parent
- SED Recycling Limited
- SED Composting Limited
Significant events
- “During the year SED has embarked on a major project investing capital to deliver a purpose built Office and Workshop, allowing us to both expand our employment opportunities in the borough and provide a innovative working environment for our people.”
- “It is our intention to invest into our fleet. Our primary focus is to source economically viable, carbon neutral transport solutions to facilitate our customers and the regions organic waste requirements.”
- “To continue to invest in our people - providing further training and support to allow them to grow and develop both their roles and their personal growth within the company.”
- “To continue to expand our locations, allowing us to offer additional outlet options to the region, thus providing further employment opportunities across the Northwest.”
- “SED continues to expand our Product Innovations, continuing to listen to our customers and their current and future requirements.”
- “SED continues to to adopt best available techniques for our waste operations, ensuring that we meet both the requirements of our permit and planning consents, providing an environmentally stable recycling process for all stakeholders.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BALDWIN, Deborah | Secretary | 2005-10-25 | — | British |
| BALDWIN, Deborah | Director | 2005-10-25 | Dec 1965 | British |
| BALDWIN, Joel Richard | Director | 2019-05-20 | May 1992 | British |
| BALDWIN, Megan Eileen | Director | 2021-03-01 | Jul 1995 | British |
| BALDWIN, Stuart Richard | Director | 2005-10-25 | Jul 1964 | British |
| GRUNDY, Sarah Louise | Director | 2019-05-20 | Nov 1981 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 2005-10-25 | 2005-10-25 |
| BALDWIN, Eileen Mary | Director | 2005-10-25 | 2009-05-29 |
| BONEHILL, David John | Director | 2012-04-06 | 2013-10-31 |
| WRIGHT, James Thomas | Director | 2023-06-08 | 2025-10-27 |
| COMPANY DIRECTORS LIMITED | Corporate Nominee Director | 2005-10-25 | 2005-10-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Baldwin Asset Management Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-05-20 | Active |
| Mrs Deborah Baldwin | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-05-20 |
| Mr Stuart Richard Baldwin | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2024-05-20 |
Filing timeline
Last 20 of 75 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-22 MA Memorandum articles
- 2024-05-22 RESOLUTIONS Resolution
- 2024-05-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-29 | CH01 | officers | Change person director company with change date | |
| 2025-10-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-31 | AA | accounts | Accounts with accounts type full | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-22 | MA | incorporation | Memorandum articles | |
| 2024-05-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-22 | SH08 | capital | Capital name of class of shares | |
| 2024-05-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-20 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-05-20 | CAP-SS | insolvency | Legacy | |
| 2024-05-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-20 | SH20 | capital | Legacy | |
| 2024-02-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-22 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-08 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.