HOFY LTD

• ⚠

  Material uncertainty over going concern

  Following a strategic decision, the company is due to transfer its trade, certain assets and liabilities to Deel IT UK Ltd, a fellow subsidiary company of Let's Deel Inc, on 30 January 2026 and will cease trading from that date. As a result, the financial statements for the year ended 31 January 2025 have been prepared on the basis that the company is no longer a going concern, as required by the Financial Reporting Standard 102 Section 3.

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

  +85%

  £18,133,233 → £33,552,693

• Cash

  +57.8%

  £3,853,877 → £6,080,337

• Net assets

  -59.9%

  £6,020,567 → £2,416,578

• Employees

  +59.4%

  64 → 102

  highest in 3 filed years

• Operating profit

  +46.2%

  -£7,360,418 → -£3,960,536

• Profit before tax

  +40.5%

  -£7,723,747 → -£4,595,480

• Wages

  -14.7%

  £9,325,023 → £7,953,983

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

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Following a strategic decision, the company is due to transfer its trade, certain assets and liabilities to Deel IT UK Ltd, a fellow subsidiary company of Let's Deel Inc, on 30 January 2026 and will cease trading from that date. As a result, the financial statements for the year ended 31 January 2025 have been prepared on the basis that the company is no longer a going concern, as required by the Financial Reporting Standard 102 Section 3.”

Group structure

1. HOFY LTD · parent
   1. Hofy BV 100% · Schiphol
   2. Hofy Inc 100% · Houston, United States

Significant events

• “Following a strategic decision, the company will transfer its trade, certain assets and liabilities to Deel IT UK Ltd, a fellow subsidiary company of Let's Deel Inc, on 30 January 2026 and will cease trading from that date.”

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

Filings

12

last 12 months

Capital events

4

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.