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Next accounts due

2027-06-30 (in 1y)

Last filed for 2025-12-31

Confirmation statement due

2026-12-18 (in 7mo)

Last made up 2025-12-04

Watchouts

None on the register

Cash

£14M

+145.5% vs 2024

Net assets

£3B

-15.5% vs 2024

Employees

Average over period

Profit before tax

-£193M

-247.6% vs 2024

Accounts

2-year trend · latest reflected 2025-12-31

Metric Trend 2024-12-312025-12-31
Turnover £394,715,000£394,834,000
Operating profit £23,619,000-£74,462,000
Profit before tax -£55,415,000-£192,617,000
Net profit -£55,415,000-£192,617,000
Cash £5,795,000£14,225,000
Total assets less current liabilities £5,182,886,000£4,417,016,000
Net assets £3,409,104,000£2,882,356,000
Equity £3,409,104,000£2,882,356,000
Average employees
Wages
Directors' remuneration £415,279,000£467,065,000

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 2025-12-31 vs 2024-12-31

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 2024-12-312025-12-31
Operating margin 6.0%-18.9%
Net margin -14.0%-48.8%
Return on capital employed 0.5%-1.7%
Gearing (liabilities / total assets) 34.5%37.8%
Current ratio 1.03x0.18x
Interest cover 0.22x-0.79x

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
IFRS
Reporting scope
Consolidated group
Auditor
BDO LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Board has reviewed the Group's forecasts and projections for a period of at least 12 months from the date of approval of this report. On the basis of this review, taking into account foreseeable changes in investment and trading performance, and after making due enquiries, the Directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they have adopted the going concern basis in preparing the financial statements.”

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

People

7 active · 6 resigned

Name Role Appointed Born Nationality
OCORIAN ADMINISTRATION (UK) LIMITED Corporate Secretary 2012-12-04
AZAD, Taraneh Director 2025-02-01 Aug 1971 British
GIBLIN, Caoimhe Mary Director 2019-09-01 Aug 1976 Irish
RICHES, Lucinda Jane Director 2019-05-01 Jul 1961 British
ROTHEROE, Abigail Emma Director 2024-03-01 Oct 1965 British
SMITH, James Isaac Director 2023-05-01 Mar 1962 British
WINSER, Nicholas Paul Director 2022-01-01 Sep 1960 British
Show 6 resigned officers
Name Role Appointed Resigned
BADGER, Daniel Bradford Director 2013-07-01 2019-07-31
INGRAM, Timothy Charles William Director 2012-12-04 2020-04-30
JEMMETT-PAGE, Shonaid Christina Ross Director 2012-12-05 2023-04-28
MCADAM, Martin Patrick Director 2015-03-01 2024-04-24
MCCULLOUGH, Kevin Director 2013-07-01 2014-12-31
RICKETT, William Francis Sebastian Director 2012-12-04 2022-04-28

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 393 total filings

Date Type Category Description
2026-04-23 SH03 capital Capital return purchase own shares treasury capital date
2026-04-23 SH03 capital Capital return purchase own shares treasury capital date
2026-04-23 SH03 capital Capital return purchase own shares treasury capital date
2026-04-23 SH03 capital Capital return purchase own shares treasury capital date
2026-04-23 SH03 capital Capital return purchase own shares treasury capital date
2026-03-09 AA accounts Accounts with accounts type group
2026-03-03 SH03 capital Capital return purchase own shares treasury capital date
2026-03-03 SH03 capital Capital return purchase own shares treasury capital date
2026-03-03 SH03 capital Capital return purchase own shares treasury capital date
2026-03-03 SH03 capital Capital return purchase own shares treasury capital date
2026-03-03 SH03 capital Capital return purchase own shares treasury capital date
2026-03-03 SH03 capital Capital return purchase own shares treasury capital date
2026-02-19 SH04 capital Capital sale or transfer treasury shares with date currency capital figure
2026-02-04 SH03 capital Capital return purchase own shares treasury capital date
2026-02-04 SH03 capital Capital return purchase own shares treasury capital date
2026-02-04 SH03 capital Capital return purchase own shares treasury capital date
2026-01-20 SH03 capital Capital return purchase own shares treasury capital date
2026-01-20 SH03 capital Capital return purchase own shares treasury capital date
2026-01-20 SH03 capital Capital return purchase own shares treasury capital date
2025-12-18 CS01 confirmation-statement Confirmation statement with no updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
20

last 12 months

Capital events
18

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