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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

Accounts

4-year trend · latest reflected 2024-12-31

Metric Trend 2022-01-012022-12-312023-12-312024-12-31
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 00
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

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 2022-01-012022-12-312023-12-312024-12-31
Return on capital employed -2.8%-7.5%
Gearing (liabilities / total assets) 0.1%2.5%
Current ratio 1.01x0.98x
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

  1. KERNEL LIMITED 2022-02-07 → present
  2. GRANITE TOPCO LIMITED 2018-06-08 → 2022-02-07
  3. 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

  1. KERNEL LIMITED · parent
    1. Granite Midco Limited 100% · England and Wales · Holding company
    2. Granite Bidco Limited 100% · England and Wales · Holding company
    3. Granite Trustee No 1 Limited 100% · England and Wales · Employee benefit trust
    4. Dartmouth Partners Limited 100% · England and Wales · Recruitment services
    5. Dartmouth Executive Search GmbH 100% · Germany · Recruitment services
    6. Dartmouth Partners SARL 100% · France · Recruitment services
    7. Catalyst Partners Global Limited 100% · England and Wales · Recruitment services
    8. Dartmouth Partners Inc 100% · USA · Recruitment services
    9. Pure Recruitment Group Limited 100% · England and Wales · Recruitment services
    10. Pure Search International 100% · Hong Kong · Recruitment services
    11. Pure Search International 100% · Singapore · Recruitment services
    12. Pure Search International 100% · USA · Recruitment services
    13. Pure Search Germany GMBH 100% · Germany · Recruitment services
    14. Dartmouth Partners Hong Kong Limited 100% · Hong Kong · Recruitment services
    15. Catalyst Partners Inc 100% · USA · Recruitment services

Significant events

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 PDF
2026-02-17 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-12-12 CH04 officers Change corporate secretary company with change date PDF
2025-10-09 AA accounts Accounts with accounts type full
2025-04-08 AP04 officers Appoint corporate secretary company with name date PDF
2025-04-08 TM02 officers Termination secretary company with name termination date PDF
2025-03-28 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-09-30 AA accounts Accounts with accounts type full PDF
2024-04-02 CS01 confirmation-statement Confirmation statement with updates PDF
2024-04-02 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2024-04-02 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2024-04-02 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
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 PDF
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 PDF
2023-03-29 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page