ASCENDAL GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-14 (in 10mo)
Last made up 2026-02-28
Watchouts
Cash
£1M
-43.2% vs 2023
Net assets
-£9M
-23.5% lowest in 4 filed years
Employees
355
+4.4% highest in 3 filed years
Profit before tax
-£2M
+22.2% vs 2023
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
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-03-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £18,799,465 | £22,248,598 | |
| Operating profit | — | — | — | — | -£1,788,984 | -£966,900 | |
| Profit before tax | — | — | — | — | -£2,696,828 | -£2,098,844 | |
| Net profit | -£1,542,108 | — | — | — | -£2,738,638 | -£2,184,614 | |
| Cash | £52,130 | £165,997 | — | — | £2,401,855 | £1,364,370 | |
| Total assets less current liabilities | — | — | — | — | £10,463,075 | £7,596,694 | |
| Net assets | -£4,539,380 | -£3,783,670 | — | — | -£7,273,692 | -£8,980,943 | |
| Equity | -£4,539,380 | -£3,783,670 | -£3,820,634 | -£1,432,084 | -£7,273,692 | -£8,980,943 | |
| Average employees | 6 | — | — | — | 340 | 355 | |
| Wages | £677,931 | £407,564 | — | — | £7,869,212 | £10,180,860 | |
| Directors' remuneration | — | — | — | — | £100,000 | £105,000 |
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
+18.3%
£18,799,465 £22,248,598
-
Cash
-43.2%
£2,401,855 £1,364,370
-
Net assets
-23.5%
-£7,273,692 -£8,980,943
lowest in 4 filed years
-
Employees
+4.4%
340 355
highest in 3 filed years
-
Operating profit
+46%
-£1,788,984 -£966,900
-
Profit before tax
+22.2%
-£2,696,828 -£2,098,844
-
Wages
+29.4%
£7,869,212 £10,180,860
highest in 4 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 | 2020-03-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -9.5% | -4.3% | |
| Net margin | — | — | — | — | -14.6% | -9.8% | |
| Return on capital employed | — | — | — | — | -17.1% | -12.7% | |
| Gearing (liabilities / total assets) | — | — | — | — | 142.8% | 162.2% | |
| Current ratio | — | — | — | — | 1.14x | 0.94x | |
| Interest cover | — | — | — | — | -1.91x | -0.82x |
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
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The cash flow forecasts and management information to date indicate that the group is expected to generate sufficient cash flow to allow the group to operate within current facilities for at least 12 months from the date of signing these financial statements. The Group's parent company has provided confirmation of their commitment to continue to provide financial support to the group as required, for a period being at least 12 months from the date of approval of these financial statements. While there can be no certainty over the assumptions made in preparing the cash flow forecasts, based on the above the directors have prepared the financial statements on the going concern basis.”
Group structure
- ASCENDAL GROUP LIMITED · parent
- Whippet Coaches Limited 100%
- Ascendal Cambridge BMCO Limited 100%
- Westbourne Village Limited 100%
- Ascendal Finance Limited 100%
- Ascendal Group Chile SpA 100%
- Ascendal Punta Arenas SpA 100%
- Ascendal BMCO SpA 100%
- Ascendal Group LLC 100%
- Ascendal Mobility Inc 100%
- Transitions Commute Solutions LLC 100%
Significant events
- “On 10 March 2023, Westbourne Village Limited (WVL) and its parent company, Ascendal Group Limited, en tered into a Conditional Share Subscription Agreement with one joint venture party and an investor relating to the funding and subscription of shares in WVL. The agreement, which committed Ascendal Group Limited to fund £1.625m of WVL's development costs subject to certain milestones, was subsequently terminated on 28 July 2025. Following this termination, Ascendal Group Limited have entered constructive discussions aimed at reshaping the vision for the property.”
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 |
|---|---|---|---|---|
| FLEITLICH, Georgia | Director | 2020-10-29 | Sep 1973 | British |
| LEISHMAN, Adam Daniel | Director | 2018-03-12 | Oct 1977 | Australian |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GIBSON, Andrew Christopher | Director | 2018-03-12 | 2021-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Citco Jersey Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-03-12 | Ceased 2024-05-09 |
| Mr Adam Daniel Leishman | Individual | significant-influence-or-control-as-trust | 2018-03-12 | Active |
Filing timeline
Last 20 of 32 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-30 | AA | accounts | Accounts with accounts type full | |
| 2024-05-09 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-29 | AA | accounts | Accounts with accounts type group | |
| 2023-11-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-03-31 | AA | accounts | Accounts with accounts type group | |
| 2023-03-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-14 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-02-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-02-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-29 | AA | accounts | Accounts with accounts type group | |
| 2021-12-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-12-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-10-01 | AA01 | accounts | Change account reference date company previous shortened |
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.