LOGICAL HOLDINGS LIMITED

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

• Turnover

  -22.3%

  £50,242,443 → £39,025,149

• Cash

  +1.2%

  £27,525,195 → £27,865,040

  highest in 6 filed years

• Net assets

  -2.6%

  £33,105,944 → £32,241,722

• Employees

  -12.7%

  534 → 466

• Operating profit

  -117.4%

  £5,247,035 → -£914,691

• Profit before tax

  -95.6%

  £6,365,030 → £279,135

• Wages

  -15.1%

  £31,544,364 → £26,788,933

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Robson Laidler Accountants Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have assessed the Group's ability to continue as a going concern and, having reviewed the financial position and forecasts for the upcoming year, are satisfied that the Group has sufficient resources to meet its obligations as they fall due. Therefore, the financial statements have been prepared on the basis that the Group is a going concern.”

Group structure

1. LOGICAL HOLDINGS LIMITED · parent
   1. Scott Logic Limited 100% · England and Wales · IT contractor
   2. Scott Logic ApS 100% · Denmark · IT contractor
   3. Marra Limited 100% · England and Wales · IT contractor

Significant events

• “2024 was a mixed year for across the Group, budgetary pressure presented itself as early as Q1 as clients entered budget planning cycles which led to some discretionary spending decisions moving to the right amidst broadly extended sales cycles.”
• “The General Election meanwhile also saw a slowdown in public sector spending through purdah and the post-election period as new government budget/policy was to be set.”
• “Generating revenue of £39m, the financial performance of the Group saw a downturn in 2024 in both revenue and profitability, however we maintained our strong debt free balance sheet and liquidity position, closing the year with a cash balance of £27.8m.”
• “Continuing to focus on efficiencies and synergies, the Group undertook a comprehensive cost reduction initiative designed to align the size and structure of our businesses with both current sales levels and the significant growth opportunities we foresee in the future.”
• “We significantly reduced emissions related to business travel, reversing the commensurate increase that occurred in 2023, as a result of mproved awareness and understanding across the organisation.”
• “In-line with Scott Logic's business performance through 2024, expenditure on Purchased Goods & Services was reduced, thereby not incurring comparable associated emissions to previous years. Furthermore, where significan: office fit out works had occurred in previous years, there was none such in 2024, meaning no associated emissions under Capital Goods.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.