THE ETHIKOS GROUP LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-06 (in 10mo)
Last made up 2026-02-20
Watchouts
None on the register
Cash
£1M
-25.6% vs 2023
Net assets
£703K
+13.5% vs 2023
Employees
92
-22% vs 2023
Profit before tax
£541K
-0.2% vs 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £20,034,583 | £15,448,598 | |
| Operating profit | — | — | — | — | £751,328 | £702,465 | |
| Profit before tax | — | — | — | — | £542,313 | £541,437 | |
| Net profit | — | -£86,419 | — | — | £352,447 | £333,436 | |
| Cash | £334 | £109,217 | — | — | £1,374,245 | £1,022,451 | |
| Total assets less current liabilities | — | — | — | — | £2,415,846 | £1,764,092 | |
| Net assets | £1,358,752 | £1,122,333 | — | — | £619,397 | £702,833 | |
| Equity | — | — | £433,081 | £458,617 | £619,397 | £702,833 | |
| Average employees | 1 | 3 | — | — | 118 | 92 | |
| Wages | — | £33,292 | — | — | £4,403,307 | £4,674,002 | |
| Directors' remuneration | — | — | — | — | £184,813 | £207,140 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-22.9%
£20,034,583 £15,448,598
-
Cash
-25.6%
£1,374,245 £1,022,451
-
Net assets
+13.5%
£619,397 £702,833
-
Employees
-22%
118 92
-
Operating profit
-6.5%
£751,328 £702,465
-
Profit before tax
-0.2%
£542,313 £541,437
-
Wages
+6.1%
£4,403,307 £4,674,002
highest in 3 filed years
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 3.8% | 4.5% | |
| Net margin | — | — | — | — | 1.8% | 2.2% | |
| Return on capital employed | — | — | — | — | 31.1% | 39.8% | |
| Gearing (liabilities / total assets) | — | — | — | — | 92.5% | 87.6% | |
| Current ratio | — | — | — | — | -0.96x | -0.91x | |
| Interest cover | — | — | — | — | 3.59x | 4.36x |
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
- THE ETHIKOS GROUP LTD 2019-07-04 → present
- DELTA ROCK HOLDINGS LIMITED 2017-02-21 → 2019-07-04
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Alexander & Co LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- THE ETHIKOS GROUP LTD · parent
- Gilks Electrical Holdings Limited 100%
- Delta Rock Group Limited 100%
- Print-Tech Solutions Limited 100%
- Gilks (Nantwich) Limited 100%
Significant events
- “Principal risks remain the uncertainty of the macro and global economic environment as well as the continued inflationary and contract margin pressure from material and subcontractor costs.”
- “There have been instances where the timing and phasing of major projects has impacted profit performance and short term cashflow.”
- “The workforce and labour market shortages in technical and engineering roles continues to be a sustained and long term uncertainty. We are mitigating this by a continued investment in training and apprenticeships.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIS, Gail | Director | 2022-04-20 | Jan 1971 | British |
| DAVIS, Scott Martin | Director | 2017-02-21 | Apr 1981 | British |
| GARE, Adrian Michael | Director | 2022-04-20 | Jul 1970 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEESTON, Mark Colin | Director | 2023-01-09 | 2024-09-13 |
| HIGGINSON, Chris | Director | 2022-04-20 | 2023-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Gail Davis | Individual | Shares 25–50%, Voting 25–50% | 2019-08-12 | Active |
| Mr Scott Martin Davis | Individual | Shares 25–50%, Voting 50–75% | 2019-08-12 | Active |
| Mr Scott Martin Davis | Individual | Shares 75–100% | 2017-02-21 | Ceased 2019-08-12 |
Filing timeline
Last 20 of 53 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-23 | AA | accounts | Accounts with accounts type group | |
| 2024-09-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-01 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-18 | AA | accounts | Accounts with accounts type group | |
| 2023-05-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-07-27 | AA | accounts | Accounts with accounts type group | |
| 2022-05-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-05-09 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2022-05-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- 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.