IT WORKS RESOURCE LTD
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Cash
£1.2m
-2.7% vs 2024
Net assets
£2m
+3.3% highest in 3 filed years
Employees
43
-2.3% vs 2024
Profit before tax
£715k
-43.1% lowest in 3 filed years
Net assets
3-year trend · vs Technology 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 | £21,959,487 | £22,256,644 | £17,409,745 | -21.8% | |
| Operating profit | £1,314,087 | £1,254,123 | £699,318 | -44.2% | |
| Profit before tax | £1,306,979 | £1,257,117 | £715,201 | -43.1% | |
| Net profit | £968,649 | £900,269 | £514,216 | -42.9% | |
| Cash | £737,876 | £1,186,576 | £1,154,593 | -2.7% | |
| Total assets less current liabilities | £1,617,022 | £1,983,455 | £2,221,792 | +12% | |
| Net assets | £1,612,022 | £1,962,291 | £2,026,507 | +3.3% | |
| Equity | £1,612,022 | £1,962,291 | £2,026,507 | +3.3% | |
| Average employees | 41 | 44 | 43 | -2.3% | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 | 6.0% | 5.6% | 4.0% | |
| Net margin | 4.4% | 4.0% | 3.0% | |
| Return on capital employed | 81.3% | 63.2% | 31.5% | |
| Gearing (liabilities / total assets) | 58.9% | 50.9% | 50.4% | |
| Current ratio | 1.68x | 1.92x | 2.03x | |
| Interest cover | 95.79x | 90.31x | 64.37x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Consolidated group
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. We have not identified any material uncertainties relating to events or conditions that may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern.”
Group structure
- IT WORKS RESOURCE LTD · parent
- IT Works Recruitment Ltd 100%
- IT Works Health Limited 100%
- IT Works Recruitment GmbH 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BASHALL, Timothy Francis | Director | 2018-06-15 | Jul 1963 | British |
| DUNDON, Patrick Martin | Director | 2018-06-15 | Oct 1963 | British |
| HUNT, Miles William Rupert | Director | 2018-06-15 | Apr 1966 | British |
| MILLS, Darren Paul Marsland | Director | 2018-06-15 | Aug 1974 | British |
| QUINNEY, Stuart Graham | Director | 2020-07-20 | Aug 1974 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Darren Paul Marsland Mills | Individual | Significant influence | 2018-08-31 | Active |
| Mr Timothy Francis Bashall | Individual | Significant influence | 2018-08-31 | Active |
| Mr Darren Paul Marsland Mills | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-06-15 | Ceased 2018-08-31 |
Filing timeline
Last 20 of 39 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-04-05 RESOLUTIONS Resolution
- 2024-04-05 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-10 | AA | accounts | Accounts with accounts type group | |
| 2026-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-21 | AA | accounts | Accounts with accounts type group | |
| 2025-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-03 | AA | accounts | Accounts with accounts type group | |
| 2024-06-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-05 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-05 | MA | incorporation | Memorandum articles | |
| 2024-03-28 | SH01 | capital | Capital allotment shares | |
| 2023-06-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-08 | AA | accounts | Accounts with accounts type group | |
| 2022-11-01 | AA01 | accounts | Change account reference date company current extended | |
| 2022-07-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-04-08 | AA | accounts | Accounts with accounts type small | |
| 2021-07-07 | AA | accounts | Accounts with accounts type small | |
| 2021-06-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-08-26 | AA | accounts | Accounts with accounts type small | |
| 2020-08-25 | AP01 | officers | Appoint person director company with name date | |
| 2020-08-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-03-20 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.