AXLE TOPCO LIMITED
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Cash
£1.8m
+43% highest in 3 filed years
Net assets
-£18m
-11.5% lowest in 3 filed years
Employees
553
-1.3% lowest in 3 filed years
Profit before tax
-£2m
-19.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Financials 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 | £35,880,475 | £73,861,203 | £71,033,203 | -3.8% | |
| Operating profit | -£2,353,091 | £1,746,526 | £1,358,949 | -22.2% | |
| Profit before tax | -£3,629,625 | -£1,665,610 | -£1,990,811 | -19.5% | |
| Net profit | -£3,629,625 | -£1,665,610 | -£1,902,013 | -14.2% | |
| Cash | £734,766 | £1,270,995 | £1,816,971 | +43% | |
| Total assets less current liabilities | £26,836,031 | £29,718,375 | £28,017,738 | -5.7% | |
| Net assets | -£14,929,735 | -£16,595,344 | -£18,497,357 | -11.5% | |
| Equity | -£14,929,735 | -£16,595,344 | -£18,497,357 | -11.5% | |
| Average employees | 576 | 560 | 553 | -1.3% | |
| Wages | £12,007,629 | £24,939,973 | £25,450,975 | +2% | |
| Directors' remuneration | £114,816 | £232,882 | £787,612 | +238.2% | |
| Directors' pension contributions | £3,274 | £6,597 | £37,509 | +468.6% | |
| Highest paid director | — | — | £163,936 | — |
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 | -6.6% | 2.4% | 1.9% | |
| Net margin | -10.1% | -2.3% | -2.7% | |
| Return on capital employed | -8.8% | 5.9% | 4.9% | |
| Gearing (liabilities / total assets) | 134.7% | 134.6% | 139.6% | |
| Current ratio | 0.74x | 0.75x | 0.73x | |
| Interest cover | -1.84x | 0.51x | 0.41x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Sedulo Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After careful consideration, the directors have concluded that they have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of signing these financial statements. Therefore, the directors continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- AXLE TOPCO LIMITED · parent
- Axle Bidco Limited 100%
- Abbey Logistics Group Limited 100%
- Widnes Tank Container Services Limited 100%
- Gussion Transport Limited 100%
- Gussion Transport UK Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DE SMET, Birger Albert Gerard | Director | 2026-04-16 | Apr 1985 | Belgian |
| JAMIESON, Paul | Director | 2024-03-01 | Mar 1985 | British |
| SAELENS, David Robert Karel | Director | 2023-10-27 | Jul 1975 | Belgian |
| SAELENS, Nicolas Robert Andre | Director | 2023-10-27 | Oct 1981 | Belgian |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHAMBERS, Christopher James | Director | 2017-09-08 | 2018-11-16 |
| COULSON, David | Director | 2016-08-03 | 2022-05-06 |
| GRANITE, Steven | Director | 2016-06-09 | 2023-10-27 |
| KELLY, Ian Francis | Director | 2016-08-03 | 2019-01-21 |
| MALE, Matthew Toby | Director | 2019-04-01 | 2026-04-06 |
| MATKIN, Daniel James | Director | 2020-12-10 | 2023-10-27 |
| MATURI, Julian | Director | 2019-04-01 | 2023-10-27 |
| PALMER, Andrew James | Director | 2016-09-07 | 2018-01-18 |
| PICKERING, Jon | Director | 2018-06-07 | 2019-04-01 |
| PICKERING, Jon | Director | 2016-08-03 | 2017-08-31 |
| WILDSMITH, Benjamin John | Director | 2017-08-31 | 2018-06-07 |
| WILLIAMS, Lloyd | Director | 2019-04-01 | 2020-12-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Northedge Capital Llp | Corporate entity | Shares 50–75% | 2019-09-12 | Ceased 2023-10-27 |
| Northedge Capital Ii Gp Llp | Corporate entity | Shares 50–75% | 2019-09-12 | Ceased 2023-10-27 |
| Northedge Capital Limited Fund Ll Lp | Corporate entity | Shares 50–75% | 2016-08-23 | Ceased 2019-09-12 |
Filing timeline
Last 20 of 107 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-11 RESOLUTIONS Resolution
- 2023-11-11 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-26 | AA | accounts | Accounts with accounts type group | |
| 2026-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-28 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | AA | accounts | Accounts with accounts type group | |
| 2025-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-20 | AA | accounts | Accounts with accounts type group | |
| 2024-07-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-10 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-12-28 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2023-12-22 | AA | accounts | Accounts with accounts type group | |
| 2023-12-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-12-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-11-29 | SH06 | capital | Capital cancellation shares | |
| 2023-11-27 | SH01 | capital | Capital allotment shares | |
| 2023-11-11 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-11 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.