KERNEL LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-11 (in 11mo)
Last made up 2026-03-28
Watchouts
None on the register
Cash
£74K
Latest balance sheet
Net assets
£5M
-27.5% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£737K
-269.9% vs 2023
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | — | £122,815 | |
| Operating profit | — | — | -£199,250 | -£387,399 | |
| Profit before tax | — | — | -£199,250 | -£737,014 | |
| Net profit | — | -£1,496 | £1,028,687 | -£1,960,611 | |
| Cash | — | — | — | £74,318 | |
| Total assets less current liabilities | — | — | £7,129,316 | £5,168,705 | |
| Net assets | — | £5,558,246 | £7,129,316 | £5,168,705 | |
| Equity | £3,332,971 | £16,674,738 | £0 | £5,168,705 | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | — | — | £1,697,382 | |
| Directors' remuneration | — | — | — | £378,918 |
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
—
Not reported
-
Cash
—
Not reported
-
Net assets
-27.5%
£7,129,316 £5,168,705
lowest in 3 filed years
-
Employees
—
Not reported
-
Operating profit
-94.4%
-£199,250 -£387,399
-
Profit before tax
-269.9%
-£199,250 -£737,014
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 | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Return on capital employed | — | — | -2.8% | -7.5% | |
| Gearing (liabilities / total assets) | — | 0.1% | 2.5% | — | |
| Current ratio | — | — | 1.01x | 0.98x | |
| Interest cover | — | — | — | -1.11x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- KERNEL LIMITED 2022-02-07 → present
- GRANITE TOPCO LIMITED 2018-06-08 → 2022-02-07
- AGHOCO 1692 LIMITED 2018-03-29 → 2018-06-08
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Audit Statutory Auditor & Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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.”
Group structure
- KERNEL LIMITED · parent
- Granite Midco Limited 100%
- Granite Bidco Limited 100%
- Granite Trustee No 1 Limited 100%
- Dartmouth Partners Limited 100%
- Dartmouth Executive Search GmbH 100%
- Dartmouth Partners SARL 100%
- Catalyst Partners Global Limited 100%
- Dartmouth Partners Inc 100%
- Pure Recruitment Group Limited 100%
- Pure Search International 100%
- Pure Search International 100%
- Pure Search International 100%
- Pure Search Germany GMBH 100%
- Dartmouth Partners Hong Kong Limited 100%
- Catalyst Partners Inc 100%
Significant events
- “There have been no significant events affecting the Company since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| A G SECRETARIAL LIMITED | Corporate Secretary | 2025-04-02 | — | — |
| NAIDU, Logan Vassie | Director | 2018-06-15 | Jun 1978 | British |
| SOOKRAMANIEN, Darren | Director | 2020-06-12 | Mar 1978 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SELVES, Katie | Secretary | 2021-11-08 | 2025-03-31 |
| A G SECRETARIAL LIMITED | Corporate Secretary | 2018-03-29 | 2018-06-08 |
| BOND, Oliver Charles Edward | Director | 2018-11-29 | 2020-06-12 |
| CARTWRIGHT, Neil Richard | Director | 2018-06-08 | 2018-09-28 |
| HART, Roger | Director | 2018-03-29 | 2018-06-08 |
| JOHNSON, Timothy David | Director | 2020-03-02 | 2023-03-23 |
| SHARPE, Gavin Mark | Director | 2018-06-15 | 2020-03-02 |
| WATTS, Jesse Guy | Director | 2018-06-15 | 2019-05-01 |
| A G SECRETARIAL LIMITED | Corporate Director | 2018-03-29 | 2018-06-08 |
| INHOCO FORMATIONS LIMITED | Corporate Nominee Director | 2018-03-29 | 2018-06-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kernel Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-23 | Active |
| Mr Logan Vassie Naidu | Individual | Shares 25–50%, Voting 25–50% | 2018-06-15 | Ceased 2023-03-23 |
| Literacy Capital Plc | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-06-11 | Ceased 2023-03-23 |
| Inhoco Formations Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-03-29 | Ceased 2018-06-11 |
Filing timeline
Last 20 of 70 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-05-04 RESOLUTIONS Resolution
- 2023-05-04 MA Memorandum articles
- 2023-04-22 MA Memorandum articles
- 2023-04-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-12 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-04-08 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-04-08 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-04-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-04-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-05-04 | RESOLUTIONS | resolution | Resolution | |
| 2023-05-04 | MA | incorporation | Memorandum articles | |
| 2023-04-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-22 | MA | incorporation | Memorandum articles | |
| 2023-04-22 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-21 | AA | accounts | Accounts with accounts type group | |
| 2023-03-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-29 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.