CITYSIDE ELECTRICAL CO LTD
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2027-04-10 (in 11mo)
Last made up 2026-03-27
Watchouts
None on the register
Cash
£30M
+113.3% highest in 7 filed years
Net assets
£48M
+31.4% vs 2023
Employees
458
+18% vs 2023
Profit before tax
£16M
+166.1% vs 2023
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-09-30
| Metric | Trend | 2018-09-30 | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £170,383,000 | £322,577,000 | |
| Operating profit | — | — | — | — | — | £5,755,000 | £15,445,000 | |
| Profit before tax | — | — | — | — | — | £5,951,000 | £15,834,000 | |
| Net profit | — | — | — | — | — | £4,676,000 | £11,435,000 | |
| Cash | £5,649,000 | £1,847,000 | £405,000 | £1,094,000 | £716,000 | £14,141,000 | £30,168,000 | |
| Total assets less current liabilities | — | — | — | — | — | £37,745,000 | £48,866,000 | |
| Net assets | — | — | — | — | — | £36,420,000 | £47,840,000 | |
| Equity | — | — | — | — | — | £36,420,000 | £47,840,000 | |
| Average employees | — | — | — | — | — | 388 | 458 | |
| Wages | — | — | — | — | — | £31,162,000 | £47,196,000 | |
| Directors' remuneration | — | — | — | — | — | £3,516,000 | £6,525,000 |
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 2024-09-30 vs 2023-09-30
-
Turnover
+89.3%
£170,383,000 £322,577,000
-
Cash
+113.3%
£14,141,000 £30,168,000
highest in 7 filed years
-
Net assets
+31.4%
£36,420,000 £47,840,000
-
Employees
+18%
388 458
-
Operating profit
+168.4%
£5,755,000 £15,445,000
-
Profit before tax
+166.1%
£5,951,000 £15,834,000
-
Wages
+51.5%
£31,162,000 £47,196,000
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 | 2018-09-30 | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 3.4% | 4.8% | |
| Net margin | — | — | — | — | — | 2.7% | 3.5% | |
| Return on capital employed | — | — | — | — | — | 15.2% | 31.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 58.0% | 63.0% | |
| Current ratio | — | — | — | — | — | 1.74x | 1.60x | |
| Interest cover | — | — | — | — | — | 2877.50x | — |
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
- Consolidated group
- Auditor
- HJS Accountants Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that 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 group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- CITYSIDE ELECTRICAL CO LTD · parent
- Phoenix ME Limited 100%
- Phoenixtrescray Ltd 100%
- Phoenix ME (Europe) Limited 100%
Significant events
- “Throughout the 2024 financial year, the group and the industry faced challenges due to the administration of several companies, notably the high-profile downfall of ISG, a significant client at the time. However, the courage and togetherness that define our core values facilitated early re-engagement with end clients on active projects. As a result, the impact of ISG's administration was minimised. All live projects during administration have since been re-engaged under new contracts with either end users or alternative main contractors. The financial implications have been fully accounted for in the financial statements for the year ending September 30, 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCARTHUR, Duncan | Secretary | 2015-02-01 | — | British |
| COMPTON, Lee David | Director | 2010-05-13 | Jun 1961 | British |
| MCARTHUR, Duncan | Director | 2018-03-22 | Dec 1983 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SWANSON, Nigel | Secretary | 2010-05-13 | 2015-02-01 |
| CUNNINGHAM, David | Director | 2010-05-13 | 2015-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Lee David Compton | Individual | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 48 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-25 | AA | accounts | Accounts with accounts type group | |
| 2025-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-28 | AA | accounts | Accounts with accounts type group | |
| 2024-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-15 | AA | accounts | Accounts with accounts type group | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-03 | AA | accounts | Accounts with accounts type group | |
| 2022-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-28 | AA | accounts | Accounts with accounts type group | |
| 2021-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-05-06 | AA | accounts | Accounts with accounts type group | |
| 2020-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-06-25 | AA | accounts | Accounts with accounts type group | |
| 2019-04-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-03-21 | CH03 | officers | Change person secretary company with change date | |
| 2019-03-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2019-03-21 | CH01 | officers | Change person director company with change date | |
| 2019-03-21 | CH01 | officers | Change person director company with change date | |
| 2019-03-21 | CH01 | officers | Change person director company with change date |
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.