TWENTYAI LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-19 (in 1mo)
Last made up 2025-06-05
Watchouts
None on the register
Cash
£102K
-53.8% lowest in 5 filed years
Net assets
£4M
-6.1% vs 2023
Employees
44
-17% lowest in 5 filed years
Profit before tax
-£363K
-240.3% lowest in 5 filed years
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | £21,605,172 | £24,119,326 | — | £21,594,286 | £18,320,573 | |
| Operating profit | — | £682,115 | £1,213,266 | — | £556,847 | -£159,379 | |
| Profit before tax | — | £586,205 | £1,105,528 | £1,748,427 | £258,919 | -£363,309 | |
| Net profit | — | £459,120 | £864,152 | £1,476,602 | £140,943 | -£265,298 | |
| Cash | — | £805,317 | £672,384 | £406,934 | £221,616 | £102,464 | |
| Total assets less current liabilities | — | £2,546,481 | £2,960,425 | £4,883,412 | £4,617,436 | £4,143,893 | |
| Net assets | — | £1,885,315 | £2,749,467 | £4,226,069 | £4,367,012 | £4,101,714 | |
| Equity | £1,560,600 | £1,885,315 | £2,749,467 | £4,226,069 | £4,367,012 | £4,101,714 | |
| Average employees | — | 50 | 45 | 55 | 53 | 44 | |
| Wages | — | £2,891,856 | £3,754,955 | £4,687,724 | £4,002,373 | £3,532,929 | |
| Directors' remuneration | — | £215,580 | £229,056 | £296,064 | £283,172 | £281,749 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-15.2%
£21,594,286 £18,320,573
lowest in 4 filed years
-
Cash
-53.8%
£221,616 £102,464
lowest in 5 filed years
-
Net assets
-6.1%
£4,367,012 £4,101,714
-
Employees
-17%
53 44
lowest in 5 filed years
-
Operating profit
-128.6%
£556,847 -£159,379
lowest in 4 filed years
-
Profit before tax
-240.3%
£258,919 -£363,309
lowest in 5 filed years
-
Wages
-11.7%
£4,002,373 £3,532,929
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | 3.2% | 5.0% | — | 2.6% | -0.9% | |
| Net margin | — | 2.1% | 3.6% | — | 0.7% | -1.4% | |
| Return on capital employed | — | 26.8% | 41.0% | — | 12.1% | -3.8% | |
| Gearing (liabilities / total assets) | — | — | — | — | 47.0% | 47.5% | |
| Current ratio | — | — | — | — | 2.23x | 2.08x | |
| Interest cover | — | 7.11x | 14.08x | — | 1.87x | -0.78x |
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
- TWENTYAI LTD 2022-01-12 → present
- TWENTY RECRUITMENT LTD 2008-09-04 → 2022-01-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Saffery LLP
- 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
- TWENTYAI LTD · parent
- Twenty Recruitment GmbH 100%
Significant events
- “The challenging trading environment that emerged in 2023 persisted throughout 2024, with subdued demand for recruitment, staffing and employment services resulting in a loss for the year.”
- “In response, the Group took decisive action to reduce its cost base and reorganise the business to safeguard profitability, cash generation, and long-term growth capacity. As part of this process, the Group made difficult leadership changes in both the UK and US regions and transitioned team structures from a 180-desk to a 360-desk model.”
- “Despite these headwinds, the Group was once again recognised in Recruiter Magazine's 2024 Hot 100 list of the UK's most efficient and productive businesses, the fourth consecutive year it has achieved this distinction.”
- “On the 29 January 2024, the company entered liquidation.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARSDEN, Claire | Secretary | 2023-01-01 | — | — |
| SHROPSHIRE, Edward John | Secretary | 2021-08-02 | — | — |
| KINNERSLEY, Adrian Paul | Director | 2009-05-21 | Jun 1978 | British |
| MARSDEN, Paul Andrew | Director | 2008-09-04 | Nov 1966 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOPKINS, Simon James | Secretary | 2008-09-04 | 2009-05-13 |
| KINNERSLEY, Adrian | Secretary | 2009-05-13 | 2023-01-01 |
| COOK, Greg Alan | Director | 2011-02-23 | 2014-08-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Twenty Ai Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-06-29 | Active |
| Mr Adrian Paul Kinnersley | Individual | Shares 25–50% | 2016-04-16 | Ceased 2022-06-29 |
| Mr Paul Andrew Marsden | Individual | Shares 50–75% | 2016-04-06 | Ceased 2022-06-29 |
Filing timeline
Last 20 of 86 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-07-11 RESOLUTIONS Resolution
- 2022-07-11 MA Memorandum articles
- 2022-01-12 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-17 | AA | accounts | Accounts with accounts type full | |
| 2025-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-08-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-08-09 | AA | accounts | Accounts with accounts type full | |
| 2023-07-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-01-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-01-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-07-11 | RESOLUTIONS | resolution | Resolution | |
| 2022-07-11 | MA | incorporation | Memorandum articles | |
| 2022-07-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-06 | SH08 | capital | Capital name of class of shares | |
| 2022-07-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-07-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-07-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-06-24 | AA | accounts | Accounts with accounts type full | |
| 2022-01-12 | CERTNM | change-of-name | Certificate change of name company |
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.