CROFT COMMUNICATIONS LIMITED
Operating as Croft, the business is a telecommunications managed service provider and a wholly-owned subsidiary of Grantcroft IHC Limited.
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Cash
£2.1M
-29.2% vs 2024
Net assets
£5.2M
+68.6% highest in 6 filed years
Employees
213
+23.1% highest in 6 filed years
Profit before tax
£2.1M
-25.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
6-year trend · vs Telecommunications median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £6,640,656 | — | — | — | £20,880,594 | £32,022,932 | +53.4% | |
| Operating profit | £1,440,023 | — | — | — | £2,885,916 | £2,121,498 | -26.5% | |
| Profit before tax | £2,729,269 | — | — | £1,867,612 | £2,866,567 | £2,126,510 | -25.8% | |
| Net profit | £2,618,915 | — | — | £1,855,000 | £2,986,795 | £2,119,856 | -29% | |
| Cash | £518,127 | £764,260 | £271,065 | £41,931 | £2,970,129 | £2,102,191 | -29.2% | |
| Total assets less current liabilities | £483,009 | £463,755 | £1,671,590 | £647,401 | £3,421,410 | £5,709,189 | +66.9% | |
| Net assets | £476,490 | £463,755 | £747,002 | £101,777 | £3,088,572 | £5,208,428 | +68.6% | |
| Equity | £476,490 | £463,755 | £747,002 | £101,777 | £3,088,572 | £5,208,428 | +68.6% | |
| Average employees | 36 | 39 | 47 | 80 | 173 | 213 | +23.1% | |
| Wages | — | — | — | £3,220,311 | £7,371,826 | £8,936,298 | +21.2% | |
| Directors' remuneration | — | — | — | — | £142,500 | £334,583 | +134.8% |
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 21.7% | — | — | — | 13.8% | 6.6% | |
| Net margin | 39.4% | — | — | — | 14.3% | 6.6% | |
| Return on capital employed | 298.1% | — | — | — | 84.3% | 37.2% | |
| Current ratio | — | — | — | — | 1.33x | 1.64x |
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
- CROFT COMMUNICATIONS LIMITED 2021-01-19 → present
- MOBILE ACCOUNT SOLUTIONS (HOLDINGS) LIMITED 2015-05-11 → 2021-01-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Group has adequate resources and cash reserves to continue in operational existence over the going concern assessment period. After making reasonable enquiries and having considered the matters described above, the directors believe that the Company is a sustainable business, will be able to meet its liabilities as they fall due and will have adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements.”
Significant events
- “In October 2025 Croft's shareholders completed the sale of the business to funds managed by Five Arrows, the alternative assets arm of the Rothschild & Co Group.”
- “Since the year end the Group refinanced with Five Arrows in the year to support the continued buy and build strategy.”
- “On 16 October 2025, the share capital of Grantcroft Limited was acquired by Grantcroft TopCo Limited, an entity incorporated in Jersey. Grantcroft TopCo Limited is majority owned by three separate Five Arrows funds - part of the same investment group of which debt is owed to by Grantcroft IHC Limited. Therefore the ultimate controlling party up until 16 October 2025 was Ben Page, by virtue of his shareholding in Rock Paper Holdings Limited, and after this date the ultimate controlling party is Five Arrows.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MACKEY, David | Director | 2025-12-08 | Sep 1983 | British |
| PURDY, Daniel Paul | Director | 2025-12-08 | Jan 1980 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COX, Daniel Frederick | Secretary | 2015-05-11 | 2019-11-27 |
| BRAMLEY, Mark David | Director | 2019-11-27 | 2026-04-29 |
| COX, Daniel Frederick | Director | 2015-05-11 | 2019-11-27 |
| PAGE, Benjamin David | Director | 2017-11-01 | 2025-10-31 |
| WATERS, Philip Daniel | Director | 2020-03-23 | 2026-03-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Grantcroft Ihc Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-04 | Active |
| Grantcroft Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-11-27 | Ceased 2024-03-04 |
| Mr Benjamin David Page | Individual | Shares 25–50%, Voting 25–50% | 2017-11-01 | Ceased 2019-11-27 |
| Mr Daniel Frederick Cox | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2017-11-01 | Ceased 2019-11-27 |
| Mr Daniel Frederick Cox | Individual | Shares 75–100% | 2016-04-06 | Ceased 2017-11-01 |
Filing timeline
Last 20 of 61 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-30 | AA | accounts | Accounts with accounts type full | |
| 2026-03-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-07 | AA | accounts | Accounts with accounts type full | |
| 2024-06-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-04-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-31 | AA | accounts | Accounts with accounts type small | |
| 2024-03-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-08 | AAMD | accounts | Accounts amended with accounts type small | |
| 2022-12-31 | AA | accounts | Accounts with accounts type small | |
| 2022-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-28 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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.