EARNZ PLC
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Cash
£1.1M
-45.2% vs 2024
Net assets
£3.8M
+13.8% highest in 3 filed years
Employees
102
+2,450% highest in 3 filed years
Profit before tax
-£1.7M
+51.6% vs 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £606,000 | £2,637,000 | £11,785,000 | +346.9% | |
| Operating profit | -£743,000 | -£3,488,000 | -£1,199,000 | +65.6% | |
| Profit before tax | -£1,344,000 | -£3,555,000 | -£1,721,000 | +51.6% | |
| Net profit | -£2,089,000 | — | -£1,747,000 | — | |
| Cash | £54,000 | £1,965,000 | £1,076,000 | -45.2% | |
| Total assets less current liabilities | £519,000 | £4,738,000 | £4,521,000 | -4.6% | |
| Net assets | -£98,000 | £3,297,000 | £3,752,000 | +13.8% | |
| Equity | -£98,000 | £3,297,000 | £3,752,000 | +13.8% | |
| Average employees | 11 | 4 | 102 | +2,450% | |
| Wages | £305,000 | £867,000 | £3,181,000 | +266.9% | |
| Directors' remuneration | £34,000 | £243,000 | £444,000 | +82.7% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -122.6% | -132.3% | -10.2% | |
| Net margin | — | — | -14.8% | |
| Return on capital employed | -143.2% | -73.6% | -26.5% | |
| Gearing (liabilities / total assets) | 109.4% | 58.7% | 53.9% | |
| Current ratio | 1.22x | 1.14x | 0.85x | |
| Interest cover | -15.81x | -32.00x | -3.25x |
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. 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.
Name history
Renamed 2 times since incorporation
- EARNZ PLC 2024-03-06 → present
- VERDITEK PLC 2017-03-06 → 2024-03-06
- VERDITEK LIMITED 2016-04-10 → 2017-03-06
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, the Directors consider that the Group has adequate resources and mitigation levers at its disposal to meet its liabilities as and when they fall due in the forecast period, including when considering reasonable worst-case scenario. Accordingly, they continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- EARNZ PLC · parent
- Earnz Holdings Limited 100%
- A&D Carbon Solutions Limited 100%
- Cosgrove & Drew Ltd 100%
- National Retrofit Solutions Limited 100%
- South West Heating Services Limited 100%
- South West Heating Services Bristol Limited 100%
- Warm Low Living Limited 100%
- Verditek USA Limited 100%
Significant events
- “On 11 March 2026, Earnz Plc, through its intermediary holding company, Earnz Holdings Limited, acquired 100% of the issued share capital of Zero Carbon Group Limited for a maximum consideration of £9.5m on a debt free, cash-free basis. The transaction was financed through a Placing of 70,000,000 Placing Shares at 5p per ordinary share, raising gross proceeds of £3.5m, together with a Retail Offer at 5p per ordinary share raising £0.35m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHARLTON, John William Charles | Secretary | 2024-11-11 | — | — |
| HOLT, Robert | Director | 2024-02-29 | Sep 1954 | British |
| LAKE, Elizabeth Janet | Director | 2024-03-13 | Sep 1967 | British |
| MAIN, Linda Jane | Director | 2024-05-01 | Sep 1962 | British |
| SKEETE, Sandra Diana | Director | 2024-06-03 | Mar 1965 | British |
| SMITH, Peter David Mawby | Director | 2025-06-30 | Feb 1971 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Edward Matthew Scott | Secretary | 2017-03-06 | 2018-08-06 |
| WILSON, David Alan | Secretary | 2018-08-06 | 2021-08-31 |
| CFPRO COSEC LIMITED | Corporate Secretary | 2021-09-06 | 2024-11-11 |
| CHAPMAN, Theodore Edward | Director | 2016-04-10 | 2018-01-31 |
| CHARLTON, John William Charles | Director | 2024-02-29 | 2025-06-30 |
| DEL VALLE DOBLADO, José Luis | Director | 2017-03-06 | 2018-05-09 |
| DONOVAN, Janet Rachel | Director | 2017-04-10 | 2018-05-24 |
| FAULKNER, Ian Miles Spencer, Mr. | Director | 2016-04-10 | 2017-03-12 |
| KATZAROS, George Francis | Director | 2017-02-27 | 2024-02-29 |
| LINDSAY WILLETTS, David, Lord | Director | 2018-04-26 | 2024-02-29 |
| LORD, Timothy | Director | 2018-08-23 | 2020-08-05 |
| MAYHEW, Gavin | Director | 2019-03-01 | 2024-01-02 |
| NESBITT, Geoffrey John | Director | 2017-03-06 | 2020-05-07 |
| RAWLINSON, Anthony Neil | Director | 2017-03-06 | 2019-03-04 |
| RICHARDS, Robert James | Director | 2020-06-01 | 2024-02-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gresham House Asset Management Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2026-04-01 | Active |
| Mr George Francis Katzaros | Individual | Shares 75–100% (as firm) | 2016-04-10 | Ceased 2017-02-28 |
Filing timeline
Last 20 of 143 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-02 RESOLUTIONS Resolution
- 2024-11-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-09 | AA | accounts | Accounts with accounts type group | |
| 2026-05-02 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-17 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2026-04-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-09 | AD02 | address | Change sail address company with old address new address | |
| 2026-04-09 | SH01 | capital | Capital allotment shares | |
| 2025-09-21 | SH01 | capital | Capital allotment shares | |
| 2025-09-15 | SH01 | capital | Capital allotment shares | |
| 2025-09-15 | SH01 | capital | Capital allotment shares | |
| 2025-08-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-07 | AA | accounts | Accounts with accounts type group | |
| 2025-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-01 | SH01 | capital | Capital allotment shares | |
| 2025-04-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-17 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-14 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-11-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-11-13 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 5
- 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.