PREM WORK LIMITED
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Cash
£9.9K
-26.9% lowest in 3 filed years
Net assets
-£6M
-11.2% lowest in 6 filed years
Employees
689
-10.5% vs 2024
Profit before tax
-£631K
+8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £18,067,983 | £18,033,552 | £16,270,072 | -9.8% | |
| Operating profit | — | — | — | £133,394 | -£454,266 | -£395,079 | +13% | |
| Profit before tax | — | — | — | -£199,616 | -£686,017 | -£630,827 | +8% | |
| Net profit | — | — | -£501,475 | £1,485,124 | -£700,620 | -£601,583 | +14.1% | |
| Cash | — | — | — | £10,607 | £13,535 | £9,898 | -26.9% | |
| Total assets less current liabilities | £3,754,000 | £2,609,000 | £907,615 | £1,770,555 | £2,371,367 | £2,002,428 | -15.6% | |
| Net assets | -£5,065,000 | -£5,191,000 | -£5,692,183 | -£4,682,826 | -£5,383,446 | -£5,985,029 | -11.2% | |
| Equity | -£5,065,000 | -£5,191,000 | -£5,692,183 | -£4,682,826 | -£5,383,446 | — | — | |
| Average employees | 880 | 803 | 0 | 796 | 770 | 689 | -10.5% | |
| Wages | — | — | — | £15,304,287 | £15,319,326 | £13,834,214 | -9.7% | |
| 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 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 0.7% | -2.5% | -2.4% | |
| Net margin | — | — | — | 8.2% | -3.9% | -3.7% | |
| Return on capital employed | — | — | — | 7.5% | -19.2% | -19.7% | |
| Gearing (liabilities / total assets) | — | — | — | — | 185.7% | 210.3% | |
| Current ratio | — | — | — | 0.78x | 0.99x | 1.03x | |
| Interest cover | — | — | — | 0.40x | -1.96x | -1.66x |
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
- Reporting scope
- Consolidated group
- Auditor
- Fraser Russell Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed the future cash flow while taking into consideration the liabilities as detailed in notes 16 to 17. They believe that the Group has adequate resources to continue to adopt the going concern basis of accounting in preparing the financial statements, as the loan note balance of £7,987,457 are not repayable until 30 September 2029. The directors have also confirmed not to call upon their loan notes in the event of a default or the Company is unable to fulfil its liabilities, for at least 12 months from the approval date of the financial statements. In addition, the Company will receive financial support from its subsidiaries as and when required.”
Group structure
- PREM WORK LIMITED · parent
- Premier Work Support Holdings Ltd 100%
- Premier Work Support Ltd 100%
- Work Support Ltd 100%
Significant events
- “A cross guarantee arrangement exists between Premier Work Support Limited and Prem Prop Limited in relation to a bank loan held in Prem Prop Limited. As at the balance sheet date, the potential liability amounted to £625,000 (2024: £1,664,289).”
- “Subsequent to the year end, on 10 May 2026, the Group entered into a new invoice discounting facility with Bibby Financial Services, lasting for at least 2 years, then continued via a rolling forward facility.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BLOOD, Richard | Director | 2020-03-06 | Aug 1957 | British |
| GREEN, Joseph Brian | Director | 2020-03-06 | Sep 1969 | British |
| LIEBMAN, Darren Mitchell Andrew | Director | 2020-03-06 | Mar 1967 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Richard Blood | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-03-06 | Active |
Filing timeline
Last 20 of 24 total filings
Material constitutional events — rename, articles re-file, resolution
- 2020-07-16 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AA | accounts | Accounts with accounts type group | |
| 2026-05-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-30 | AA | accounts | Accounts with accounts type group | |
| 2025-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-28 | AA | accounts | Accounts with accounts type group | |
| 2024-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-29 | AA | accounts | Accounts with accounts type group | |
| 2023-03-29 | CH01 | officers | Change person director company with change date | |
| 2023-03-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type group | |
| 2022-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-12 | AA | accounts | Accounts with accounts type group | |
| 2021-10-08 | AA01 | accounts | Change account reference date company current shortened | |
| 2021-04-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-03-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-07-16 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.