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Cash

£2.1m

+89.3% highest in 3 filed years

Net assets

-£1.9m

+39.2% highest in 3 filed years

Employees

158

+1.9% vs 2025

Profit before tax

Period ending 2026-03-31

Watchouts

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

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31

Metric Trend 2024-03-312025-03-312026-03-31 Δ vs prior
Turnover £6,784,000£7,398,000£5,879,000 -20.5%
Operating profit -£19,324,000-£16,787,000 +13.1%
Profit before tax
Net profit -£18,651,000-£19,324,000-£16,787,000 +13.1%
Cash £518,000£1,124,000£2,128,000 +89.3%
Total assets less current liabilities -£3,094,000-£1,881,000 +39.2%
Net assets -£2,370,000-£3,094,000-£1,881,000 +39.2%
Equity -£2,370,000-£1,881,000
Average employees 158155158 +1.9%
Wages £13,226,000£13,944,000£14,910,000 +6.9%
Directors' remuneration £495,000£522,000£568,000 +8.8%

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 2024-03-312025-03-312026-03-31
Gearing (liabilities / total assets) 158.6%228.5%168.0%
Current ratio 0.60x0.40x0.56x

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Audit & accounting basis

Accounting basis
IFRS
Reporting scope
Standalone (parent only)
Auditor
National Audit Office
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“For 2025-26 the Company has relied upon HM Treasury Grant-In-Aid (GIA) to fund its activities and having due regard to delegated authority letter presented for 2025-26 and the undertaking by HM Treasury in March 2023 to ensure that the Company shall always have sufficient funds to discharge each and all its financial obligations.”

Significant events

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

People

11 active · 21 resigned

Name Role Appointed Born Nationality
AKBARY-SAFA, Mahnaz, Dr Director 2022-09-22 Apr 1964 British
BALLHEIMER, Andrew Mark Director 2022-09-22 Nov 1961 British
BANGA, Manvinder Singh Director 2021-09-23 Oct 1954 British
COBEN, Craig Bradley Director 2026-03-26 Dec 1966 British
DUFF, Andrew James Director 2019-07-09 Apr 1959 British
GLOVER, Jessica Elizabeth Director 2023-09-26 Feb 1977 British
HALFORD, Andrew Nigel Director 2023-10-17 Mar 1959 British
HAMPSON, Harold Arthur Director 2026-01-29 Apr 1965 British
LAWRENCE, Vanessa Vivienne, Dr Director 2023-09-26 Jul 1962 British
MACKAY, Iain James Director 2023-11-01 Oct 1961 British
O'NEIL, Henry James Director 2025-07-15 Aug 1966 British
Show 21 resigned officers
Name Role Appointed Resigned
BECKETT, Samantha Mary Constance Director 2020-07-16 2020-07-17
CHISHOLM, Alex James Director 2016-09-28 2020-04-14
DAVIES, Gareth Neil Director 2023-07-20 2026-04-06
DESAI, Kalpana Director 2022-09-22 2025-09-21
DONALD, Charles Hunter Director 2020-03-25 2026-01-29
DONNELLY, Martin Eugene, Sir Director 2016-02-12 2016-09-28
DUFFY, Philip James Director 2017-06-29 2023-06-08
GADHIA, Jitesh Kishorekumar, Lord Director 2016-02-12 2022-03-31
GUYETT, Jane Elizabeth Director 2016-02-12 2023-08-11
HOLLINGSWORTH, Clare Margaret Director 2019-05-23 2022-01-14
KINGMAN, John Oliver Frank Director 2016-02-12 2016-07-01
LAWTHER, Robin Ann Director 2016-02-12 2022-05-31
LEIGH-PEMBERTON, James Henry, The Hon Director 2015-09-11 2022-09-10
MUNBY, Sarah Ann Director 2020-09-30 2024-03-31
PALLEY, Simon Dan Director 2016-05-19 2019-05-24
POCKLINGTON, Jeremy Mark Director 2025-01-30 2025-11-26
ROXBURGH, Charles Fergusson, Sir Director 2016-09-28 2022-06-30
RUSSELL, Elizabeth Jane Director 2022-11-17 2025-07-15
RUSSELL, Mark Francis Director 2015-09-11 2019-10-31
SWANNELL, Robert William Ashburnham Director 2015-09-11 2021-09-22
THOMSON, Caroline Agnes Morgan Director 2016-02-12 2023-02-11

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
The Solicitor For The Affairs Of His Majesty's Treasury As Nominee For His Majesty's Treasury Legal person Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Active

Filing timeline

Last 20 of 91 total filings

Date Type Category Description
2026-07-27 AA accounts Accounts with accounts type full
2026-07-09 TM01 officers Termination director company with name termination date PDF
2026-06-29 AP01 officers Appoint person director company with name date PDF
2026-04-20 TM01 officers Termination director company with name termination date PDF
2026-04-09 AP01 officers Appoint person director company with name date PDF
2026-02-11 AP01 officers Appoint person director company with name date PDF
2026-02-03 TM01 officers Termination director company with name termination date PDF
2025-12-08 TM01 officers Termination director company with name termination date PDF
2025-09-25 TM01 officers Termination director company with name termination date PDF
2025-09-18 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-07-28 AA accounts Accounts with accounts type full
2025-07-25 AP01 officers Appoint person director company with name date PDF
2025-07-25 TM01 officers Termination director company with name termination date PDF
2025-02-07 AP01 officers Appoint person director company with name date PDF
2025-01-09 CH01 officers Change person director company with change date PDF
2024-12-11 AA accounts Accounts with accounts type full
2024-09-17 CH01 officers Change person director company with change date PDF
2024-09-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-05-03 CH01 officers Change person director company with change date PDF
2024-05-03 CH01 officers Change person director company with change date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
10

last 12 months

Capital events
0

last 24 months

Officers appointed
2

last 12 months

Officers resigned
4

last 12 months

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

Official Companies House page