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Cash

£6.7M

+89% vs 2023

Net assets

£29M

+29.3% vs 2023

Employees

249

+7.3% vs 2023

Profit before tax

£8.3M

+10.7% vs 2023

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31 Δ vs prior
Turnover £20,350,783£23,985,898 +17.9%
Operating profit £154,345-£1,060,538 -787.1%
Profit before tax £7,520,264£8,326,816 +10.7%
Net profit £6,117,889£6,476,597 +5.9%
Cash £3,560,495£6,731,055 +89%
Total assets less current liabilities £47,785,646£75,972,931 +59%
Net assets £22,189,021£28,695,259 +29.3%
Equity £22,189,021£28,695,259 +29.3%
Average employees 232249 +7.3%
Wages £12,529,657£14,497,945 +15.7%
Directors' remuneration £220,914£178,332 -19.3%

Values shown as filed in the company's annual accounts. indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show . About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-31
Operating margin 0.8%-4.4%
Net margin 30.1%27.0%
Return on capital employed 0.3%-1.4%
Gearing (liabilities / total assets) 76.9%72.7%
Current ratio 0.78x1.61x
Interest cover 0.05x-0.32x

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
SCCA Ltd
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have the support of the company's ultimate parent company, thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

  1. ETL HOLDINGS (UK) LTD · parent
    1. ETL Cambridge LLP 100% · England & Wales · Dormant
    2. HRpeople Services Limited 78% · England & Wales · HR & Payroll Services
    3. ETL LEX Holdings Limited 75% · England & Wales · Other service activities
    4. INNventory Limited 72.89% · England & Wales · Franchise Accountants
    5. ETL IT Limited 70% · England & Wales · IT Services
    6. PAYEpeople Limited 62.5% · England & Wales · Payroll Services
    7. AJ Chambers Recruitment Ltd 51% · England & Wales · Employment placement agencies
    8. Glaisyers Solicitors LLP 51% · England & Wales · Legal services
    9. Naylor Accountancy Services Ltd 51% · England & Wales · Accounting activities
    10. ETL Resourcing Ltd 0% · England & Wales · HR & Recruitment

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

3 active · 3 resigned

Name Role Appointed Born Nationality
BORRELL, Rosa Del Carmen Martinez Director 2023-01-01 Jun 1989 German
BRASSINGTON, Sara Director 2014-03-19 Mar 1976 British
GORNY, Christian, Dr Director 2015-06-01 Apr 1973 German
Show 3 resigned officers
Name Role Appointed Resigned
STIRRAT, John Crawford Secretary 2012-05-28 2014-03-19
SCHMIDT, Walter Karl Director 2014-03-19 2015-06-01
SCHMIDT, Walter Karl Director 2012-05-28 2014-03-19

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mrs Sara Brassington Individual Significant influence 2017-05-28 Ceased 2017-07-27
Etl International Ag Corporate entity Shares 75–100% 2017-05-28 Active

Filing timeline

Last 20 of 47 total filings

Date Type Category Description
2025-09-23 AA accounts Accounts with accounts type group PDF
2025-06-10 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-09-13 AA accounts Accounts with accounts type group PDF
2024-06-07 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-06-07 CH01 officers Change person director company with change date PDF
2024-05-08 MR04 mortgage Mortgage satisfy charge full PDF
2023-12-12 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2023-10-24 AA accounts Accounts with accounts type group
2023-06-09 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-01-03 AP01 officers Appoint person director company with name date PDF
2022-10-01 AA accounts Accounts with accounts type group
2022-05-31 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-10-05 AA accounts Accounts with accounts type group
2021-06-11 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-06-11 CH01 officers Change person director company with change date PDF
2020-08-26 AA accounts Accounts with accounts type group
2020-06-08 CS01 confirmation-statement Confirmation statement with updates PDF
2019-10-09 AA accounts Accounts with accounts type small
2019-07-23 CS01 confirmation-statement Confirmation statement with no updates PDF
2019-05-10 SH01 capital Capital allotment shares PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
1

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page