KERNEL LIMITED
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Cash
£136k
+83.4% vs 2024
Net assets
£4.5m
-12% lowest in 3 filed years
Employees
23
+4.5% vs 2024
Profit before tax
-£660k
+10.5% vs 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £122,815 | £220,605 | +79.6% | |
| Operating profit | -£199,250 | -£387,399 | -£189,969 | +51% | |
| Profit before tax | -£199,250 | -£737,014 | -£659,546 | +10.5% | |
| Net profit | £1,028,687 | -£1,960,611 | -£622,026 | +68.3% | |
| Cash | — | £74,318 | £136,285 | +83.4% | |
| Total assets less current liabilities | £7,129,316 | £11,099,730 | £9,046,066 | -18.5% | |
| Net assets | £7,129,316 | £5,168,705 | £4,546,679 | -12% | |
| Equity | £7,129,316 | £5,168,705 | £4,546,679 | -12% | |
| Average employees | — | 22 | 23 | +4.5% | |
| Wages | — | £1,697,382 | £2,215,880 | +30.5% | |
| Directors' remuneration | — | £375,837 | £500,063 | +33.1% | |
| Directors' pension contributions | — | £3,081 | £3,668 | +19.1% | |
| Highest paid director | — | £248,793 | £290,159 | +16.6% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | — | — | -86.1% | |
| Return on capital employed | -2.8% | -3.5% | -2.1% | |
| Gearing (liabilities / total assets) | 2.5% | 60.2% | 67.9% | |
| Current ratio | 1.01x | 0.98x | 0.94x | |
| Interest cover | — | -1.11x | -0.40x |
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. 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
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at the time of approving the financial statements, the directors have a reasonable expectation that the Group has adequate cash balances and financial resources to meet these obligations for at least 12 months from the date of approval of the financial statements. The directors believe the Company will continue to be a going concern and have therefore prepared these financial statements on a going concern basis..”
Group structure
- KERNEL LIMITED · parent
- Granite Midco Limited 100%
- Granite Bidco Limited 100%
- Granite Trustee No 1 Limited 100%
- Dartmouth Partners Ltd 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 Limited 100%
- Pure Search International Pte 100%
- Pure Search International Limited 100%
- Pure Search Germany GmbH 100%
- Dartmouth Partners Hong Kong Limited 100%
- Catalyst Partners Inc 100%
- Luminate Partners Limited 100%
- Yale Consulting Group Limited 100%
Significant events
- “There have been no significant future developments identified since the year end, other than post balance sheet events as disclosed in note 26.”
- “In February 2026, the Group headed by the ultimate parent company entered into new debt facilities, resulting in the drawing of a new term loan facility and the option for a revolving credit facility. Subsequently, additional fixed charges have been created by the lender, secured against the Company's assets.”
- “During the year ended 31 December 2025, the Group incorporated two newly formed subsidiary undertakings, Luminate Partners Limited and Yale Consulting Group Limited.”
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 71 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 | |
|---|---|---|---|---|
| 2026-08-03 | AA | accounts | Accounts with accounts type full | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.