THEWORKS.CO.UK PLC
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Cash
£4.1M
+154.4% vs 2024
Net assets
£16M
+57.1% vs 2024
Employees
3,697
-1.3% vs 2024
Profit before tax
£8.3M
-44.4% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-05-04
| Metric | Trend | 2024-05-04 | 2025-05-04 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £282,585,000 | £277,039,000 | -2% | |
| Operating profit | £19,419,000 | £13,098,000 | -32.6% | |
| Profit before tax | £15,000,000 | £8,343,000 | -44.4% | |
| Net profit | — | £8,178,000 | — | |
| Cash | £1,619,000 | £4,118,000 | +154.4% | |
| Total assets less current liabilities | £144,401,000 | £153,501,000 | +6.3% | |
| Net assets | £10,086,000 | £15,842,000 | +57.1% | |
| Equity | £10,086,000 | £15,842,000 | +57.1% | |
| Average employees | 3,744 | 3,697 | -1.3% | |
| Wages | £62,367,000 | £62,765,000 | +0.6% | |
| Directors' remuneration | £791,000 | £1,012,000 | +27.9% |
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 | 2024-05-04 | 2025-05-04 |
|---|---|---|---|
| Operating margin | 6.9% | 4.7% | |
| Net margin | — | 3.0% | |
| Return on capital employed | 13.4% | 8.5% | |
| Gearing (liabilities / total assets) | 94.8% | 92.4% | |
| Current ratio | 2.36x | 2.34x | |
| Interest cover | 4.30x | 2.73x |
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 1 time since incorporation
- THEWORKS.CO.UK PLC 2018-07-12 → present
- THEWORKS.CO.UK LIMITED 2018-04-24 → 2018-07-12
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Kreston Reeves LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group continues to have a reasonable expectation that the Group has adequate resources to continue in operation for at least the next 12 months and that the going concern basis of accounting remains appropriate.”
Group structure
- THEWORKS.CO.UK PLC · parent
- The Works Investments Limited 100%
- The Works Stores Limited 100%
- The Works Online Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BERNWOOD COSEC LIMITED | Corporate Secretary | 2022-09-01 | — | — |
| BELLAMY, Stephen Gerard | Director | 2024-07-15 | Jan 1960 | New Zealander |
| FORDHAM, Rosalind Nansi | Director | 2023-12-31 | Sep 1984 | British |
| PECK, Gavin Lee | Director | 2018-06-28 | Oct 1981 | British |
| RUSHFORTH, Angela Louise | Director | 2026-02-25 | Sep 1966 | British |
| WHARTON, Nicholas Barry Edward | Director | 2025-08-01 | Aug 1966 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PRISM COMMUNICATIONS & MANAGEMENT LIMITED | Corporate Secretary | 2018-07-12 | 2018-07-12 |
| PRISM COSEC LIMITED | Corporate Secretary | 2018-07-12 | 2022-08-31 |
| ALLDRIDGE, Stephen Alexander | Director | 2021-05-14 | 2023-12-31 |
| BRADLEY, Carolyn Jane | Director | 2021-09-30 | 2024-07-15 |
| GLICKMAN, Catherine Janet | Director | 2018-07-19 | 2024-10-31 |
| GOOLD, John Howard | Director | 2024-02-14 | 2024-10-01 |
| HATHWAY, Simon Anthony | Director | 2024-11-01 | 2025-12-12 |
| HOYLE, Dean | Director | 2018-07-19 | 2021-09-30 |
| KEANEY, Kevin Gerard | Director | 2018-05-10 | 2020-01-16 |
| KIRKLAND, Mark Adrian | Director | 2024-02-14 | 2024-10-01 |
| MORLEY, Harry Michael Charles | Director | 2018-07-19 | 2025-09-08 |
| NAISH, Richard | Director | 2018-04-24 | 2018-05-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Endless Llp | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-07-10 | Ceased 2018-07-19 |
| Endless (Gp) Lp | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2018-07-10 | Ceased 2018-07-19 |
| Mr Kevin Gerard Keaney | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-05-10 | Ceased 2018-07-10 |
| Richard Naish | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-04-24 | Ceased 2018-05-10 |
Filing timeline
Last 20 of 90 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-11 RESOLUTIONS Resolution
- 2024-11-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-02 | CH01 | officers | Change person director company with change date | |
| 2025-10-15 | AUD | auditors | Auditors resignation company | |
| 2025-09-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-11 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-18 | AA | accounts | Accounts with accounts type group | |
| 2025-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-21 | AA | accounts | Accounts with accounts type group | |
| 2025-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-21 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.