AZZURRO ASSOCIATES LIMITED
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Cash
£4.8m
+79.2% vs 2024
Net assets
£3m
+9.8% vs 2024
Employees
91
+23% vs 2024
Profit before tax
£396k
+12.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £19,294,329 | £24,823,066 | +28.7% | |
| Operating profit | £329,212 | £411,178 | +24.9% | |
| Profit before tax | £351,769 | £395,628 | +12.5% | |
| Net profit | £228,479 | £264,780 | +15.9% | |
| Cash | £2,700,079 | £4,839,230 | +79.2% | |
| Total assets less current liabilities | £3,060,661 | £2,964,789 | -3.1% | |
| Net assets | £2,697,419 | £2,962,199 | +9.8% | |
| Equity | £2,697,419 | £2,962,199 | +9.8% | |
| Average employees | 74 | 91 | +23% | |
| Wages | £3,637,361 | £4,471,018 | +22.9% | |
| Directors' remuneration | £240,556 | £268,046 | +11.4% | |
| Highest paid director | £206,210 | £193,385 | -6.2% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 1.7% | 1.7% | |
| Net margin | 1.2% | 1.1% | |
| Return on capital employed | 10.8% | 13.9% | |
| Gearing (liabilities / total assets) | 68.2% | 78.6% | |
| Current ratio | 1.54x | 1.08x | |
| Interest cover | 11.74x | 7.70x |
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
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Appropriate assurance has been obtained from Hoist such that the directors are confident that, in the event of acquisition by Hoist, the company will continue operating, generating profit, and meeting its financial obligations for the foreseeable future, and therefore there is no material uncertainties related to the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- AZZURRO ASSOCIATES LIMITED · parent
- Solaris Law Ltd 100%
- Solaris Law (Commercial) Limited 100%
Significant events
- “On 10 February 2026, Hoist Finance AB announced that it had entered into an agreement to acquire Azzurro Associates Limited, subject to regulatory approval.”
- “On 24 April 2025, Solaris Law Ltd allotted 2,000,000 new ordinary shares of £1 each to Azzurro Associates Limited for a subscription price of £1 per share and an aggregated price of £2,000,000.”
- “On 1 July 2025 the company (as borrower) entered an interest bearing facility agreement with Next Finance B.V (as lender), under which the lender made a loan of €1,000,000 for 12 months, at a 5% interest rate.”
- “Azzurro Associates Limited has also provided £250,000 security as cash cover, however it is restricted in use as it is pledged to Barclays Bank plc as collateral security under the terms of the debenture.”
- “Solaris Law (Commercial) Limited entered into an accession deed on 18th December 2025. This extended the existing obligations under the debenture and cross-guarantee agreed between Barclays Bank Plc and Azzurro Associates Limited and Solaris Law Ltd on 29th April 2022.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BIRKWOOD, Andrew James | Director | 2017-03-16 | Sep 1970 | British |
| HANSSEN, Enok Johan Söderberg | Director | 2026-07-31 | May 1980 | Norwegian |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BERKLEY, Leigh George | Director | 2024-05-01 | 2026-06-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hoist Finance Ab | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-06-26 | Active |
| Azzurro Associates Holdings Llp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-12-19 | Ceased 2026-06-26 |
| Mr Andrew James Birkwood | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-03-16 | Ceased 2017-12-19 |
Filing timeline
Last 20 of 59 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-03 | AA | accounts | Accounts with accounts type full | |
| 2026-07-10 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-07-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-25 | RP01SH01 | miscellaneous | Legacy | |
| 2025-05-28 | AA | accounts | Accounts with accounts type small | |
| 2025-03-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-19 | CH01 | officers | Change person director company with change date | |
| 2025-01-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-23 | SH01 | capital | Capital allotment shares | |
| 2024-07-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | AA | accounts | Accounts with accounts type small | |
| 2024-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-31 | AA | accounts | Accounts with accounts type small | |
| 2023-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-13 | ANNOTATION | miscellaneous | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- 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.