ACRE 1144 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-17 (in 10mo)
Last made up 2026-03-03
Watchouts
None on the register
Cash
£422K
+7.9% highest in 3 filed years
Net assets
£2M
-38% lowest in 4 filed years
Employees
18
-25% vs 2023
Profit before tax
-£1M
+5.7% vs 2023
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £1,857,000 | £1,658,000 | |
| Operating profit | — | — | -£1,133,000 | -£1,031,000 | |
| Profit before tax | — | — | -£1,202,000 | -£1,134,000 | |
| Net profit | — | — | -£1,202,000 | -£1,134,000 | |
| Cash | £1,000 | — | £391,000 | £422,000 | |
| Total assets less current liabilities | £6,031,000 | £5,991,000 | — | — | |
| Net assets | £6,031,000 | £5,991,000 | £3,161,000 | £1,961,000 | |
| Equity | £6,031,000 | £5,991,000 | £3,161,000 | £1,961,000 | |
| Average employees | 0 | 0 | 24 | 18 | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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
-10.7%
£1,857,000 £1,658,000
-
Cash
+7.9%
£391,000 £422,000
highest in 3 filed years
-
Net assets
-38%
£3,161,000 £1,961,000
lowest in 4 filed years
-
Employees
-25%
24 18
-
Operating profit
+9%
-£1,133,000 -£1,031,000
-
Profit before tax
+5.7%
-£1,202,000 -£1,134,000
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 | 2019-12-31 | 2020-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -61.0% | -62.2% | |
| Net margin | — | — | -64.7% | -68.4% | |
| Current ratio | — | — | 0.41x | 0.41x | |
| Interest cover | — | — | -16.42x | -10.01x |
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 §1A
- Reporting scope
- Consolidated group
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Unaudited
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“The directors have considered the prevailing economic situation, noting that business conditions have returned to a more predictable situation following the pandemic recovery period. The outlook for the Company's business is good, with strong demand for its services in the education sector. The directors are confident that the Company can continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. With a good trading outlook, the directors have a reasonable expectation that the Company has adequate resources to continue in operation for the foreseeable future.”
Group structure
- ACRE 1144 LIMITED · parent
- Squidcard Limited 100%
- Smart Transactions Group Limited 100%
- Smart Transactions Limited 100%
- Squid Kenya Limited 100%
- Squid Kenya Limited (Kenya) 66%
- Squid Payments Services UK Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOLLAND, John Michael Morgan | Director | 2011-03-17 | Mar 1963 | British |
| MATTHEWS, Peter Nicholas | Director | 2011-03-17 | Jan 1957 | British |
| MCNEIL, Duncan | Director | 2018-03-21 | Apr 1952 | British |
| SMITH, Adam Charles | Director | 2011-03-17 | Mar 1964 | Australian |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NEWTON, Thomas Mackenzie | Secretary | 2011-03-17 | 2021-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Duncan Mcneil | Individual | Shares 25–50% | 2016-04-06 | Active |
| Nucleus Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 57 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-04-22 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-22 | AA | accounts | Accounts with accounts type group | |
| 2025-03-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-25 | CH01 | officers | Change person director company with change date | |
| 2025-03-25 | CH01 | officers | Change person director company with change date | |
| 2024-09-10 | AA | accounts | Accounts with accounts type group | |
| 2024-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-06 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2023-10-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-03-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-04 | SH01 | capital | Capital allotment shares | |
| 2022-10-01 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2022-04-28 | SH01 | capital | Capital allotment shares | |
| 2022-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-07 | AAMD | accounts | Accounts amended with made up date | |
| 2021-12-24 | CH01 | officers | Change person director company with change date | |
| 2021-12-24 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2021-11-25 | SH03 | capital | Capital return purchase own shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.