NEXTGEAR CAPITAL UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-07 (in 5mo)
Last made up 2025-09-23
Watchouts
Cash
£12M
+6.2% vs 2023
Net assets
£60M
+11% vs 2023
Employees
66
+6.5% vs 2023
Profit before tax
£7M
-24% 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
3-year trend · vs Technology median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | £27,566,000 | £28,437,000 | |
| Operating profit | — | £15,687,000 | £13,077,000 | |
| Profit before tax | — | £9,455,000 | £7,185,000 | |
| Net profit | — | £8,971,000 | £5,912,000 | |
| Cash | — | £11,001,000 | £11,680,000 | |
| Total assets less current liabilities | — | £175,762,000 | £171,351,000 | |
| Net assets | — | £53,906,000 | £59,818,000 | |
| Equity | £42,764,000 | £53,906,000 | £59,818,000 | |
| Average employees | — | 62 | 66 | |
| Wages | — | £4,091,000 | £4,327,000 | |
| Directors' remuneration | — | — | £253,000 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+3.2%
£27,566,000 £28,437,000
-
Cash
+6.2%
£11,001,000 £11,680,000
-
Net assets
+11%
£53,906,000 £59,818,000
-
Employees
+6.5%
62 66
-
Operating profit
-16.6%
£15,687,000 £13,077,000
-
Profit before tax
-24%
£9,455,000 £7,185,000
-
Wages
+5.8%
£4,091,000 £4,327,000
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | — | 56.9% | 46.0% | |
| Net margin | — | 32.5% | 20.8% | |
| Return on capital employed | — | 8.9% | 7.6% | |
| Current ratio | — | 160.00x | 120.56x | |
| Interest cover | — | 2.25x | 1.82x |
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.
Name history
Renamed 2 times since incorporation
- NEXTGEAR CAPITAL UK LIMITED 2013-11-06 → present
- NEXT GEAR CAPITAL UK LIMITED 2013-11-05 → 2013-11-06
- NEWINCCO 1267 LIMITED 2013-09-18 → 2013-11-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Overall, the Directors are satisfied that the Group retains sufficient committed funding and cash resources to meet its liabilities as they fall due to for at least 12 months from the date of signing this Annual Report and Financial Statements and therefore adopting the going concern assumption remains appropriate.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PROCTER, Rebecca | Secretary | 2023-06-23 | — | — |
| FORBES, Martin Leigh | Director | 2018-05-15 | Mar 1976 | British |
| MORNIN, Darren Paul | Director | 2018-05-15 | May 1968 | British |
| SHEIKH, Furrukh Mehmood, Mr | Director | 2024-07-01 | Jul 1985 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OLSWANG COSEC LIMITED | Corporate Secretary | 2013-09-18 | 2022-11-10 |
| AVILA. JR., Luis Angel | Director | 2020-06-02 | 2021-03-29 |
| BOWSER, Mark Francis | Director | 2020-02-14 | 2021-03-29 |
| BUXTON, Michael | Director | 2018-05-15 | 2020-02-14 |
| CARSON, Ryan Reece | Director | 2021-03-29 | 2024-07-01 |
| FRIEDMAN, Maria Laurene | Director | 2018-12-27 | 2024-08-01 |
| HIGHTOWER, Jennifer Welch | Director | 2021-03-29 | 2024-08-01 |
| LUPPINO, Joseph | Director | 2013-11-15 | 2017-12-31 |
| MACKIE, Christopher Alan | Director | 2013-09-18 | 2013-11-15 |
| MCFARLAND, Martin Joseph | Director | 2014-01-09 | 2014-03-05 |
| MUHL, Shauna S | Director | 2013-11-15 | 2017-09-27 |
| PRYOR, Juliette Williams | Director | 2017-09-27 | 2020-06-02 |
| SCHWARTZ, Sanford H | Director | 2013-11-15 | 2021-03-29 |
| WICK, John Christopher | Director | 2014-01-09 | 2014-03-05 |
| OLSWANG DIRECTORS 1 LIMITED | Corporate Director | 2013-09-18 | 2013-11-15 |
| OLSWANG DIRECTORS 2 LIMITED | Corporate Director | 2013-09-18 | 2013-11-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| John Dyer | Individual | voting-rights-75-to-100-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2016-04-06 | Ceased 2025-12-08 |
| Alexander Taylor | Individual | voting-rights-75-to-100-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2016-04-06 | Active |
| James Kennedy | Individual | voting-rights-75-to-100-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2016-04-06 | Active |
Filing timeline
Last 20 of 74 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-22 | AA | accounts | Accounts with accounts type group | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-12 | AA | accounts | Accounts with accounts type group | |
| 2023-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-24 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-07-08 | AA | accounts | Accounts with accounts type group | |
| 2022-12-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-12-11 | CH01 | officers | Change person director company with change date | |
| 2022-12-11 | CH01 | officers | Change person director company with change date | |
| 2022-10-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-23 | AA | accounts | Accounts with accounts type group | |
| 2021-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-23 | AA | accounts | Accounts with accounts type group | |
| 2021-05-19 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.