CONNEX ONE LIMITED
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Cash
£4.8m
-38% vs 2024
Net assets
£25m
+1.9% highest in 5 filed years
Employees
405
+6.9% highest in 5 filed years
Profit before tax
-£4.9m
+53.5% highest in 3 filed years
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £20,741,757 | £34,583,966 | £47,715,465 | +38% | |
| Operating profit | — | — | -£18,130,506 | -£10,545,876 | -£4,760,167 | +54.9% | |
| Profit before tax | — | — | -£18,130,277 | -£10,579,415 | -£4,914,864 | +53.5% | |
| Net profit | — | — | -£14,018,189 | -£8,319,256 | -£2,820,489 | +66.1% | |
| Cash | £332,637 | £856,652 | £2,248,928 | £7,711,417 | £4,784,010 | -38% | |
| Total assets less current liabilities | £1,803,840 | £7,048,994 | £15,743,160 | £24,115,583 | £24,588,750 | +2% | |
| Net assets | -£2,192,077 | -£4,283,629 | £15,652,125 | £24,054,350 | £24,513,896 | +1.9% | |
| Equity | -£2,192,077 | -£4,283,629 | £15,652,125 | £24,054,350 | £24,513,896 | +1.9% | |
| Average employees | 134 | 174 | 289 | 379 | 405 | +6.9% | |
| Wages | — | — | £16,669,779 | £18,551,015 | £22,983,083 | +23.9% | |
| Directors' remuneration | — | — | £270,000 | £763,493 | £591,667 | -22.5% | |
| Highest paid director | — | — | £150,000 | £365,994 | £441,667 | +20.7% |
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 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | -87.4% | -30.5% | -10.0% | |
| Net margin | — | — | -67.6% | -24.1% | -5.9% | |
| Return on capital employed | — | — | -115.2% | -43.7% | -19.4% | |
| Gearing (liabilities / total assets) | 185.8% | 153.6% | 35.1% | 28.0% | 31.3% | |
| Current ratio | — | — | 2.06x | 2.62x | 2.24x | |
| Interest cover | — | — | — | — | -26.99x |
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 1 time since incorporation
- CONNEX ONE LIMITED 2017-09-14 → present
- MIDDLEMEAL LIMITED 2013-12-13 → 2017-09-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Lopian Gross Barnett & Co
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group and parent company have adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- CONNEX ONE LIMITED · parent
- Connex One Solutions Limited 100%
- Connex One Technology Limited 100%
- Connex One Pty 100%
- Connex One Inc 100%
- Connex One Software SL 100%
- ConnexAI Software Limited 100%
- ConnexAI Inc 100%
Significant events
- “Post year end, Connex One Limited has entered into a loan agreement with HSBC for a credit facility of $36,500,000. The agreement was entered into on 11th March 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADAMS, Stuart Antony | Director | 2024-09-25 | Mar 1984 | British |
| CAMPBELL, Hugh Alastair | Director | 2022-04-05 | Oct 1972 | British |
| KENNEDY, Jordan Robert | Director | 2017-06-09 | Oct 1991 | British |
| KIRK, Adrian Christopher | Director | 2017-06-09 | Dec 1961 | British |
| MEALEY, Nicholas | Director | 2013-12-13 | Jul 1990 | British |
| MEALEY, Richard James | Director | 2017-06-09 | Jun 1997 | British |
| ROMAN, Per Christer | Director | 2022-04-05 | Sep 1972 | Swedish |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURNS, Graeme Ian | Director | 2019-06-28 | 2022-04-05 |
| EDWARDS, James Daniel | Director | 2022-04-05 | 2024-08-05 |
| MCDONALD, Iain | Director | 2017-06-09 | 2019-06-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Oconiro Investments Limited | Corporate entity | Voting 25–50% | 2022-04-19 | Ceased 2022-04-19 |
| Mr Brian George Kennedy | Individual | Shares 50–75%, Voting 50–75% | 2017-06-09 | Ceased 2017-06-09 |
| Latium Tech Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-06-09 | Active |
| Mr Nicholas Mealey | Individual | Appoints directors | 2016-04-06 | Ceased 2017-06-09 |
Filing timeline
Last 20 of 114 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-04 MA Memorandum articles
- 2025-03-28 RESOLUTIONS Resolution
- 2024-07-10 RESOLUTIONS Resolution
- 2024-07-10 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-16 | AA | accounts | Accounts with accounts type group | |
| 2026-03-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-08 | CH01 | officers | Change person director company with change date | |
| 2025-12-08 | CH01 | officers | Change person director company with change date | |
| 2025-09-22 | AA | accounts | Accounts with accounts type group | |
| 2025-04-04 | MA | incorporation | Memorandum articles | |
| 2025-03-28 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-24 | SH01 | capital | Capital allotment shares | |
| 2024-12-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-20 | AA | accounts | Accounts with accounts type group | |
| 2024-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-25 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-07-10 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-10 | MA | incorporation | Memorandum articles | |
| 2024-07-09 | SH01 | capital | Capital allotment shares | |
| 2024-07-09 | SH01 | capital | Capital allotment shares | |
| 2024-06-25 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.