EXCELERATED PROCUREMENT SOLUTIONS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-19 (in 6mo)
Last made up 2025-11-05
Watchouts
Cash
£292K
-69.4% vs 2023
Net assets
£466K
-46.9% vs 2023
Employees
65
+14% vs 2023
Profit before tax
-£2M
+48.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Technology median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £11,891,086 | £10,096,974 | |
| Operating profit | — | — | — | — | — | -£2,870,649 | -£1,423,648 | |
| Profit before tax | — | — | — | — | — | -£2,980,612 | -£1,533,919 | |
| Net profit | — | — | — | — | — | -£2,978,188 | -£444,858 | |
| Cash | — | — | — | — | — | £953,678 | £292,244 | |
| Total assets less current liabilities | — | — | — | — | — | £1,601,485 | £940,634 | |
| Net assets | — | — | — | — | — | £876,485 | £465,634 | |
| Equity | £2,123,296 | £2,222,413 | £2,365,210 | £2,269,704 | £3,219,378 | £876,485 | £465,634 | |
| Average employees | — | — | — | — | — | 57 | 65 | |
| Wages | — | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | £80,000 | £176,667 |
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
-15.1%
£11,891,086 £10,096,974
-
Cash
-69.4%
£953,678 £292,244
-
Net assets
-46.9%
£876,485 £465,634
-
Employees
+14%
57 65
-
Operating profit
+50.4%
-£2,870,649 -£1,423,648
-
Profit before tax
+48.5%
-£2,980,612 -£1,533,919
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -24.1% | -14.1% | |
| Net margin | — | — | — | — | — | -25.0% | -4.4% | |
| Return on capital employed | — | — | — | — | — | -179.2% | -151.3% | |
| Current ratio | — | — | — | — | — | 1.57x | 1.23x | |
| Interest cover | — | — | — | — | — | -26.11x | -12.91x |
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
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VARSANI, Ramesh Naran | Director | 2011-04-01 | May 1965 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MULLANEY, Conor | Director | 2011-03-22 | 2018-03-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Conor Mullaney | Individual | Shares 25–50% | 2024-10-27 | Ceased 2025-01-24 |
| Mr Conor Mullaney | Individual | Shares 25–50% | 2016-04-06 | Ceased 2018-03-22 |
| Mr Ramesh Naran Varsani | Individual | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 55 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-07-22 MA Memorandum articles
- 2024-07-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-23 | AA | accounts | Accounts with accounts type group | |
| 2025-09-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-14 | SH01 | capital | Capital allotment shares | |
| 2025-01-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-31 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-09 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-07-22 | MA | incorporation | Memorandum articles | |
| 2024-07-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-22 | SH02 | capital | Capital alter shares subdivision | |
| 2024-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-20 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-11-02 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- 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.