TEXO GROUP LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2024-11-30
Confirmation statement due
2026-05-07
Overdue
Watchouts
Cash
£5M
+408.7% highest in 4 filed years
Net assets
£3M
+80.5% highest in 4 filed years
Employees
174
+27% highest in 4 filed years
Profit before tax
£1M
+174.9% highest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-07.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-11-30
| Metric | Trend | 2020-11-30 | 2021-11-30 | 2021-12-01 | 2022-11-30 | 2022-12-01 | 2023-11-30 | 2024-11-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £4,486,381 | — | £19,353,289 | — | £47,791,684 | £66,907,769 | |
| Operating profit | — | -£105,936 | — | -£5,272,028 | — | -£1,662,100 | £1,375,646 | |
| Profit before tax | — | -£10,523,037 | — | -£5,295,973 | — | -£1,732,434 | £1,298,189 | |
| Net profit | — | -£10,523,037 | — | -£5,295,973 | — | -£1,554,592 | £1,318,456 | |
| Cash | — | £840,310 | — | £2,789,568 | — | £972,391 | £4,946,164 | |
| Total assets less current liabilities | — | — | — | -£2,716,673 | — | £1,867,239 | £3,291,963 | |
| Net assets | — | £2,378,629 | — | -£2,917,344 | — | £1,637,368 | £2,955,824 | |
| Equity | £6,401,657 | £2,378,629 | £2,378,629 | -£2,917,344 | -£2,917,344 | £1,637,368 | £2,955,824 | |
| Average employees | — | 56 | — | 98 | — | 137 | 174 | |
| Wages | — | £3,059,505 | — | £5,428,639 | — | £6,909,325 | £10,283,421 | |
| Directors' remuneration | — | £0 | — | £622,432 | — | £657,924 | £896,399 |
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 2024-11-30 vs 2023-11-30
-
Turnover
+40%
£47,791,684 £66,907,769
highest in 4 filed years
-
Cash
+408.7%
£972,391 £4,946,164
highest in 4 filed years
-
Net assets
+80.5%
£1,637,368 £2,955,824
highest in 4 filed years
-
Employees
+27%
137 174
highest in 4 filed years
-
Operating profit
+182.8%
-£1,662,100 £1,375,646
highest in 4 filed years
-
Profit before tax
+174.9%
-£1,732,434 £1,298,189
highest in 4 filed years
-
Wages
+48.8%
£6,909,325 £10,283,421
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 | 2020-11-30 | 2021-11-30 | 2021-12-01 | 2022-11-30 | 2022-12-01 | 2023-11-30 | 2024-11-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -2.4% | — | -27.2% | — | -3.5% | 2.1% | |
| Net margin | — | — | — | -27.4% | — | -3.3% | 2.0% | |
| Return on capital employed | — | — | — | 194.1% | — | -89.0% | 41.8% | |
| Current ratio | — | — | — | — | — | 0.94x | 0.99x | |
| Interest cover | — | -12.20x | — | -215.49x | — | -23.54x | 17.76x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Haslers
- 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.”
Group structure
- TEXO GROUP LIMITED · parent
- Texo Recruitment Limited 75%
- Airport Capacity Solutions Limited 60%
- Texo (Guyana) Inc. 100%
Significant events
- “Year on year revenue for the company increased by around 23% compared to the prior period at £47.4m to £58.2m.”
- “The Group in the year 2023/24, having consolidated all trading companies, has seen a significant upturn in revenue for the year through the winning of long term significant and prestigious contracts across the Group's various divisions.”
- “The Group delivered a satisfactory performance during the year, successfully transitioning from the previous trading period and maintaining operational momentum despite a competitive market environment.”
- “Revenue growth was achieved across several segments of the energy sector, with a notable increase from the Renewables market.”
- “Expanded footprint in the Utilities sector through multi-year service agreements.”
- “Streamlined service portfolio into three high-potential revenue streams to enhance scalability and market focus.”
- “Maintained on-time delivery of contracted projects.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRIDGES, Iain Rory | Director | 2026-01-26 | Aug 1986 | Scottish |
| LAMB, Richard Colin | Director | 2021-12-01 | Oct 1968 | Scottish |
| SMITH, Christopher Hayden | Director | 2019-12-31 | Apr 1974 | British |
| SMITH, Hayden Francis | Director | 2018-09-26 | Oct 1939 | English |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARNOTT, Lauren Elizabeth Jill | Director | 2021-12-01 | 2023-08-31 |
| BLACK, John | Director | 2019-12-31 | 2020-05-31 |
| CONWAY, Alan Steven | Director | 2021-12-01 | 2023-06-23 |
| DALZIEL, Robert | Director | 2018-05-25 | 2019-12-31 |
| MARSHALL, Donny Geoffrey | Director | 2021-12-01 | 2024-08-16 |
| MOIR, Graeme Findlay | Director | 2021-12-01 | 2022-07-13 |
| PENNY, David John | Director | 2019-12-31 | 2020-07-20 |
| SMITH, Colin Rae | Director | 2023-12-01 | 2025-01-01 |
| WATT, Gordon William | Director | 2021-12-01 | 2025-10-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gapsun Properties Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-07-16 | Active |
| Mr Robert Dalziel | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-05-25 | Ceased 2019-07-16 |
Filing timeline
Last 20 of 52 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-16 | AA01 | accounts | Change account reference date company current extended | |
| 2025-10-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-29 | AA | accounts | Accounts with accounts type group | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-30 | AA | accounts | Accounts with accounts type full | |
| 2024-08-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-27 | SH01 | capital | Capital allotment shares | |
| 2023-10-31 | AA | accounts | Accounts with accounts type full | |
| 2023-09-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-12 | AA | accounts | Accounts with accounts type full | |
| 2022-09-21 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.