GEEKS LTD

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

  -45.7%

  £4,864,608 → £2,642,590

• Cash

  -48.7%

  £1,141,839 → £585,328

• Net assets

  -1.5%

  £7,282,262 → £7,172,467

• Employees

  -60.6%

  66 → 26

• Operating profit

  -1,141.5%

  £5,129 → -£53,420

• Profit before tax

  -369.3%

  £40,770 → -£109,795

• Wages

  -42.4%

  £2,769,055 → £1,595,299

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KWSR & Co

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Significant events

• “The 12-month period under review has been defined by a sharp macro-economic slowdown in the UK, stubborn inflation, the highest base-rates in more than a decade, and continuing geopolitical shocks. In parallel, generative-Al shifted from early-adopter experiments to mainstream C-suite agendas, reshaping the competitive landscape and accelerating the technology adoption curve.”
• “UK GDP flat-lined through FY-24 while private-equity deal flow and discretionary IT budgets contracted. Decision cycles lengthened and several long-running transformation programmes were deferred into FY-25. In response we focused on launching a dedicated Al Adoption Office to productise our experience from early-stage Gen-Al pilots and Al Labs.”
• “With our intentional remodelling plans in response to the market shifts and economy downturn, we saw 45% decrease of revenue (£2654K) but only £161K operating loss which is within the downside scenario we modelled when re-forecasting in January 2024 and was funded entirely from existing cash reserves.”

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

Filings

4

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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