BEDSPACE GROUP LIMITED
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Cash
£201K
+23.4% vs 2024
Net assets
£1.8M
-5.7% vs 2024
Employees
352
+13.2% highest in 3 filed years
Profit before tax
£786K
-22% vs 2024
Net assets
4-year trend · vs Unclassified median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-29
| Metric | Trend | 2022-06-29 | 2023-06-29 | 2024-06-29 | 2025-06-29 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £21,010,537 | £24,442,460 | +16.3% | |
| Operating profit | — | — | £972,967 | £803,431 | -17.4% | |
| Profit before tax | — | — | £1,008,413 | £786,145 | -22% | |
| Net profit | — | — | £712,429 | £523,414 | -26.5% | |
| Cash | — | — | £162,705 | £200,856 | +23.4% | |
| Total assets less current liabilities | — | £88 | £2,059,030 | £1,933,491 | -6.1% | |
| Net assets | — | — | £1,936,400 | £1,825,814 | -5.7% | |
| Equity | — | — | £1,936,400 | £1,825,814 | -5.7% | |
| Average employees | 195 | — | 311 | 352 | +13.2% | |
| Wages | — | — | £9,075,141 | £10,990,046 | +21.1% | |
| Directors' remuneration | — | — | £53,703 | £38,072 | -29.1% |
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 | 2022-06-29 | 2023-06-29 | 2024-06-29 | 2025-06-29 |
|---|---|---|---|---|---|
| Operating margin | — | — | 4.6% | 3.3% | |
| Net margin | — | — | 3.4% | 2.1% | |
| Return on capital employed | — | — | 47.3% | 41.6% | |
| Current ratio | — | 0.49x | 1.23x | 1.37x | |
| Interest cover | — | — | — | 43.18x |
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
- Ascendis Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”
Group structure
- BEDSPACE GROUP LIMITED · parent
- Bedspace Holdings Limited 88%
- Bedspace Resource Limited
Significant events
- “The mandatory registration of supported accommodation for 16 and 17-year-olds, which began in 2023/24, reached full implementation during this financial year.”
- “The significant increases in the NLW (reaching £11.44 in April 2024 and further adjustments in 2025 to £12.21 with another rise to £12.71 due in April 2026) have reshaped the sector's financial landscape”
- “VAT changes introduced in 2024 regarding the 'welfare exemption' for certain care services”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THORNHILL, Nicholas Grant | Director | 2023-01-10 | Jun 1976 | British |
| WAREING, Christopher | Director | 2023-04-24 | Aug 1967 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Christopher Wareing | Individual | Shares 25–50%, Voting 25–50% | 2023-04-24 | Active |
| Nicholas Grant Thornhill | Individual | Shares 25–50%, Voting 25–50% | 2023-01-10 | Active |
Filing timeline
Last 18 of 18 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-05-11 RESOLUTIONS Resolution
- 2023-05-11 MA Memorandum articles
- 2023-05-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-12 | AA | accounts | Accounts with accounts type group | |
| 2025-09-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-28 | AA | accounts | Accounts with accounts type group | |
| 2024-11-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-19 | AA | accounts | Accounts with accounts type group | |
| 2024-03-19 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-09-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-11 | SH01 | capital | Capital allotment shares | |
| 2023-05-11 | RESOLUTIONS | resolution | Resolution | |
| 2023-05-11 | MA | incorporation | Memorandum articles | |
| 2023-05-11 | RESOLUTIONS | resolution | Resolution | |
| 2023-05-11 | SH08 | capital | Capital name of class of shares | |
| 2023-05-03 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-05-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-05-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-03 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-01-10 | NEWINC | incorporation | Incorporation company |
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.