VEREVO LIMITED
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Next accounts due
2027-01-28 (in 8mo)
Last filed for 2025-04-30
Confirmation statement due
2027-03-31 (in 10mo)
Last made up 2026-03-17
Watchouts
None on the register
Cash
£2M
+707.9% highest in 5 filed years
Net assets
£2M
-0.3% vs 2024
Employees
142
-15% vs 2024
Profit before tax
£420K
-84.8% vs 2024
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2025-04-30
| Metric | Trend | 2020-04-30 | 2021-04-30 | 2022-04-30 | 2023-04-30 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £42,057,633 | £31,194,987 | |
| Operating profit | — | — | — | — | £2,996,159 | £566,521 | |
| Profit before tax | — | — | — | — | £2,756,762 | £420,069 | |
| Net profit | £813,972 | — | £988,093 | £1,174,363 | £2,072,708 | £314,469 | |
| Cash | £671 | — | £1,239 | £1,822 | £306,182 | £2,473,685 | |
| Total assets less current liabilities | £5,628 | — | — | — | £2,562,906 | £3,214,572 | |
| Net assets | — | — | — | — | £1,968,233 | £1,962,702 | |
| Equity | — | — | — | — | £1,968,233 | £1,962,702 | |
| Average employees | 0 | 132 | 0 | 0 | 167 | 142 | |
| Wages | £0 | — | £0 | £0 | £6,548,029 | £4,056,040 | |
| Directors' remuneration | — | — | — | — | £24,000 | £24,000 |
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
FY2024 → FY2025 · period ending 2025-04-30 vs 2024-04-30
-
Turnover
-25.8%
£42,057,633 £31,194,987
-
Cash
+707.9%
£306,182 £2,473,685
highest in 5 filed years
-
Net assets
-0.3%
£1,968,233 £1,962,702
-
Employees
-15%
167 142
-
Operating profit
-81.1%
£2,996,159 £566,521
-
Profit before tax
-84.8%
£2,756,762 £420,069
-
Wages
-38.1%
£6,548,029 £4,056,040
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 | 2020-04-30 | 2021-04-30 | 2022-04-30 | 2023-04-30 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 7.1% | 1.8% | |
| Net margin | — | — | — | — | 4.9% | 1.0% | |
| Return on capital employed | — | — | — | — | 116.9% | 17.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | 77.2% | 80.1% | |
| Current ratio | — | — | — | — | 1.27x | 1.36x | |
| Interest cover | — | — | — | — | 12.50x | 3.87x |
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
- James Todd & Co 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 the 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
- VEREVO LIMITED · parent
- CCN Communications Ltd 100%
- Verevo Assets Limited 100%
- Nexus Fibre Solutions Limited 100%
- Verevo Solutions Limited 100%
Significant events
- “During the year, the UK fibre market experienced a noticeable cooling following a prolonged period of rapid expansion.”
- “Revenues reduced compared with prior years, reflecting the planned transition to a smaller operational footprint.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADAMS, Ashley James | Director | 2012-03-27 | Nov 1971 | British |
| SKILTON, Matthew Gerard | Director | 2012-03-27 | Jun 1971 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Matthew Gerard Skilton | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-03-27 | Active |
| Mr Ashley James Adams | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-03-27 | Active |
Filing timeline
Last 20 of 45 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | CH01 | officers | Change person director company with change date | |
| 2026-04-08 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-02 | AA | accounts | Accounts with accounts type group | |
| 2025-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-03 | AA | accounts | Accounts with accounts type group | |
| 2024-04-29 | AA | accounts | Accounts with accounts type group | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-29 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-05-31 | AA | accounts | Accounts with accounts type group | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-31 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-04-28 | AA | accounts | Accounts with accounts type group | |
| 2022-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-30 | AA | accounts | Accounts with accounts type group | |
| 2021-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-09 | CH01 | officers | Change person director company with change date | |
| 2020-04-09 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2020-02-13 | AA | accounts | Accounts with accounts type total exemption full |
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.