EXCHANGE UTILITY LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +27.2%

  £3,738,696 → £4,757,041

• Cash

  -23.6%

  £2,010,449 → £1,536,463

• Net assets

  +17.9%

  -£2,042,646 → -£1,677,032

• Employees

  +3.8%

  53 → 55

• Operating profit

  +27.7%

  £588,135 → £751,216

• Profit before tax

  +78.2%

  £307,692 → £548,172

• Wages

  +8.4%

  £2,238,167 → £2,425,834

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. EXCHANGE UTILITY LIMITED 2016-09-05 → present
2. GENCOMP (NO.3) LIMITED 2016-06-28 → 2016-09-05

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Notwithstanding the net liabilities position, the directors have prepared projections and forecasts for the forthcoming 12 months which shows continued levels of profitability and maintainable cash reserves. This along with the confirmations of continued support it has received from related parties from whom significant funds are expected to remain in place lead the directors to consider that the company has sufficient funds to continue to settle third party liabilities as they fall due. Accordingly, the financial statements have been prepared on a going concern basis.”

Significant events

• “The business has continued its targeted growth strategy for 2025 which has seen a positive start in line with projections.”
• “Capital repayments totalling £1,750,000 (2023: £nil) were made during the year and a further £1,500,000 was repaid in February 2025.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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