OX PRODUCTS GROUP UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-21 (in 2mo)
Last made up 2025-07-07
Watchouts
None on the register
Cash
£925K
-58.9% vs 2023
Net assets
£13M
+5.3% highest in 4 filed years
Employees
74
+10.4% highest in 4 filed years
Profit before tax
£1M
+37.4% vs 2023
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £31,035,031 | £28,730,864 | £28,068,225 | £29,220,802 | |
| Operating profit | — | — | £5,612,588 | £3,831,984 | £1,184,203 | £1,602,699 | |
| Profit before tax | — | — | £5,576,557 | £3,794,396 | £1,088,134 | £1,494,733 | |
| Net profit | — | — | £4,529,146 | £3,035,843 | £623,863 | £634,094 | |
| Cash | — | — | £1,562,614 | £74,519 | £2,249,313 | £924,502 | |
| Total assets less current liabilities | — | — | £8,939,149 | £10,530,868 | £12,860,236 | £13,442,381 | |
| Net assets | — | — | £8,473,041 | £10,408,884 | £12,022,398 | £12,656,492 | |
| Equity | £4,069,225 | £4,723,895 | £8,473,041 | £10,408,884 | £12,022,398 | £12,656,492 | |
| Average employees | — | — | 51 | 66 | 67 | 74 | |
| Wages | — | — | £2,780,911 | £3,413,843 | £3,001,976 | £3,713,505 | |
| Directors' remuneration | — | — | £405,094 | £374,997 | £115,800 | £0 |
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
+4.1%
£28,068,225 £29,220,802
-
Cash
-58.9%
£2,249,313 £924,502
-
Net assets
+5.3%
£12,022,398 £12,656,492
highest in 4 filed years
-
Employees
+10.4%
67 74
highest in 4 filed years
-
Operating profit
+35.3%
£1,184,203 £1,602,699
-
Profit before tax
+37.4%
£1,088,134 £1,494,733
-
Wages
+23.7%
£3,001,976 £3,713,505
highest in 4 filed years
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 | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 18.1% | 13.3% | 4.2% | 5.5% | |
| Net margin | — | — | 14.6% | 10.6% | 2.2% | 2.2% | |
| Return on capital employed | — | — | 62.8% | 36.4% | 9.2% | 11.9% | |
| Current ratio | — | — | — | — | 3.39x | 0.70x | |
| Interest cover | — | — | 155.77x | 101.83x | 12.31x | 12.56x |
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
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the Company to continue as a going concern. The Directors assessment is based on the trading and cash flow forecasts of the Company and wider group which covered a period of at least twelve months from the date of approval of these financial statements.”
Group structure
- OX PRODUCTS GROUP UK LIMITED · parent
- OX Products UK Limited 100%
- OX Tools Ltd 100%
- OX Tools UK Ltd 100%
- OX Tools Europe Sarl 100%
- OX Limited 100%
- OX Tools Shared Services Limited 100%
- Royd Toolgroup UK Ltd 100%
- Royd EU BV 100%
Significant events
- “During the period, the wider OX Tools Global group, of which the Company is a major part, acquired new businesses in both the US and the UK, to offer a wider variety of products and increase profitability further. Royd Tool Group UK, acquired in summer 2024, has since been merged with Ox Products Group UK and in 2025 with these efficiencies and the merging of the two businesses the Company expects to show even more growth in the next financial year.”
- “On 4th April 2025 the company issued 15,052,104 £1 Ordinary shares by way of capitalisation of intercompany loans totalling £15,052,104.”
- “On 28 October 2024, the Company acquired 100% of the share capital of Royd Toolgroup UK Ltd, and its subsidiary Royd EU BV for a mixture of loan notes and cash consideration totalling £20m. This growing business owns the TRACER brand of marking products and is the UK and Ireland distributor of the SMART brand of multi-tool accessories. This acquisition significantly enhances the Company's product range and offer new opportunities for profitable growth.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CRITCHLEY, Robert Andrew | Director | 2023-12-04 | Oct 1973 | British |
| PAYNE, Donovan John | Director | 2012-04-11 | Feb 1974 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAZELL, James Percy | Director | 2011-07-07 | 2023-10-16 |
| HAZELL, Lee Darren | Director | 2012-04-11 | 2023-10-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ox Tools Global Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-10-16 | Active |
| Mr Lee Darren Hazell | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2023-10-16 |
| Mr James Percy Hazell | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2023-10-16 |
Filing timeline
Last 20 of 53 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-09-24 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-09-23 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-09-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-04 | SH01 | capital | Capital allotment shares | |
| 2024-12-31 | AA | accounts | Accounts with accounts type full | |
| 2024-10-13 | CH01 | officers | Change person director company with change date | |
| 2024-10-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-11-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-11-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-07-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-13 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-12-30 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- 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.