IT WORKS RESOURCE LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-28 (in 1mo)
Last made up 2025-06-14
Watchouts
None on the register
Cash
£1M
+60.8% vs 2023
Net assets
£2M
+21.7% vs 2023
Employees
44
+7.3% vs 2023
Profit before tax
£1M
-3.8% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £21,959,487 | £22,256,644 | |
| Operating profit | £1,314,087 | £1,254,123 | |
| Profit before tax | £1,306,979 | £1,257,117 | |
| Net profit | £968,649 | £900,269 | |
| Cash | £737,876 | £1,186,576 | |
| Total assets less current liabilities | £1,617,022 | £1,983,455 | |
| Net assets | £1,612,022 | £1,962,291 | |
| Equity | £1,612,022 | £1,962,291 | |
| Average employees | 41 | 44 | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+1.4%
£21,959,487 £22,256,644
-
Cash
+60.8%
£737,876 £1,186,576
-
Net assets
+21.7%
£1,612,022 £1,962,291
-
Employees
+7.3%
41 44
-
Operating profit
-4.6%
£1,314,087 £1,254,123
-
Profit before tax
-3.8%
£1,306,979 £1,257,117
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 6.0% | 5.6% | |
| Net margin | 4.4% | 4.0% | |
| Return on capital employed | 81.3% | 63.2% | |
| Current ratio | 1.68x | 1.92x | |
| Interest cover | 95.79x | 90.31x |
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
- BEEVER AND STRUTHERS
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Auditors concluded directors' use of going concern basis appropriate. No material uncertainties identified that may cast significant doubt on the group'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
- IT WORKS RESOURCE LTD · parent
- IT Works Recruitment Limited 100%
- IT Works Health Limited 100%
- IT Works Recruitment GmbH 100%
Significant events
- “Revenue and margin from temporary workers continued to grow. Market for permanent workers saw some decline, impacting gross profit and operating profit. Company continued to invest in infrastructure and people.”
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 37 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 | |
|---|---|---|---|---|
| 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 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-03-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-01-15 | SH08 | capital | Capital name of class of shares |
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.