BLUES GROUP LTD
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Cash
£1.3M
-48.3% vs 2024
Net assets
£5M
+25.2% vs 2024
Employees
102
+20% vs 2024
Profit before tax
£1M
+25.1% vs 2024
Net assets
2-year trend · vs Consumer Discretionary 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 | £53,838,091 | £67,984,993 | +26.3% | |
| Operating profit | £1,172,191 | £1,478,884 | +26.2% | |
| Profit before tax | £801,199 | £1,001,965 | +25.1% | |
| Net profit | £836,520 | £1,001,965 | +19.8% | |
| Cash | £2,568,278 | £1,327,041 | -48.3% | |
| Total assets less current liabilities | £4,394,414 | £5,285,943 | +20.3% | |
| Net assets | £3,974,484 | £4,976,449 | +25.2% | |
| Equity | £3,974,484 | £4,976,449 | +25.2% | |
| Average employees | 85 | 102 | +20% | |
| Wages | £3,918,781 | £4,807,700 | +22.7% | |
| Directors' remuneration | £302,702 | £326,864 | +8% |
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 | 2.2% | 2.2% | |
| Net margin | 1.6% | 1.5% | |
| Return on capital employed | 26.7% | 28.0% | |
| Gearing (liabilities / total assets) | 76.2% | 72.6% | |
| Current ratio | 1.29x | 1.35x | |
| Interest cover | 2.94x | 2.98x |
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 2 times since incorporation
- BLUES GROUP LTD 2022-08-02 → present
- PAUL DENNICCI LIMITED 2017-11-15 → 2022-08-02
- NEWCO JULY 2017 LIMITED 2017-07-31 → 2017-11-15
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- TC Group
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on 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.”
Significant events
- “The Company has entered into royalty agreements and, as a condition, the Company has unfulfilled guaranteed minimum royalty levels at 31 December 2025 to the value of £1,188,880 (2024 - £404,333).”
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 |
|---|---|---|---|---|
| SPURLING, Andrew | Secretary | 2021-01-22 | — | — |
| COLES, Michael John | Director | 2020-06-06 | Jun 1968 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SUN, Zhen | Director | 2017-07-31 | 2020-06-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Zhen Sun | Individual | Appoints directors | 2018-12-30 | Ceased 2020-06-06 |
| Blues Group (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-09-18 | Active |
| Cohen & Wilks International Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-07-31 | Ceased 2017-09-18 |
Filing timeline
Last 20 of 38 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-08-02 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | AA | accounts | Accounts with accounts type full | |
| 2025-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-06 | AA | accounts | Accounts with accounts type full | |
| 2024-12-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-12-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-13 | AA | accounts | Accounts with accounts type full | |
| 2022-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-17 | CH01 | officers | Change person director company with change date | |
| 2022-11-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-08-02 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-05-05 | AA | accounts | Accounts with accounts type full | |
| 2021-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-26 | AA | accounts | Accounts with accounts type full | |
| 2021-05-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-01-22 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-07 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.