OCU NETTWORX LIMITED
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Next accounts due
2027-01-31 (in 8mo)
Last filed for 2025-04-30
Confirmation statement due
2026-05-30 (this month)
Last made up 2025-05-16
Watchouts
None on the register
Cash
£3M
Latest balance sheet
Net assets
£6M
highest in 3 filed years
Employees
126
highest in 3 filed years
Profit before tax
£3M
Period ending 2025-04-30
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2025-04-30
| Metric | Trend | 2019-05-31 | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 | 2024-03-04 | 2025-04-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £12,683,287 | £27,892,075 | |
| Operating profit | — | — | — | — | — | £2,380,604 | £3,460,470 | |
| Profit before tax | — | — | — | — | — | £2,357,557 | £3,428,075 | |
| Net profit | — | — | — | — | — | £1,755,763 | £2,257,460 | |
| Cash | — | — | — | — | — | £997,318 | £2,873,476 | |
| Total assets less current liabilities | — | — | — | — | £2,325,962 | £3,920,577 | £6,171,752 | |
| Net assets | — | — | — | — | £1,873,551 | £3,605,314 | £5,862,774 | |
| Equity | — | — | — | — | — | £3,605,314 | £5,862,774 | |
| Average employees | — | — | — | — | 51 | 87 | 126 | |
| Wages | — | — | — | — | — | £3,755,706 | £9,336,210 | |
| Directors' remuneration | — | — | — | — | — | £136,366 | £106,096 |
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
FY2024 → FY2025 · period ending 2025-04-30 vs 2024-03-04
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-05-31 | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 | 2024-03-04 | 2025-04-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 18.8% | 12.4% | |
| Net margin | — | — | — | — | — | 13.8% | 8.1% | |
| Return on capital employed | — | — | — | — | — | 60.7% | 56.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 45.9% | 46.7% | |
| Current ratio | — | — | — | — | — | 2.13x | 2.16x | |
| Interest cover | — | — | — | — | — | 103.29x | 106.82x |
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.
Name history
Renamed 1 time since incorporation
- OCU NETTWORX LIMITED 2024-03-21 → present
- NETTWORX LTD 2012-05-18 → 2024-03-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The Company is a member of the OCU consolidated group (the "Group") whose intermediate parent entity is Oat Topco Limited. The Company is under common management of the Group and benefits from Group support when needed.”
Group structure
- OCU NETTWORX LIMITED · parent
- OCU Services Limited
Significant events
- “On 7 November 2024, the Group successfully completed a refinancing process, replacing its previous borrowing facilities with term loans of £200m and €530m, a delayed draw term facility of £75m, a revolving credit facility of £150m and a guarantee facility of £80m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORNWELL, Michael | Secretary | 2024-03-05 | — | — |
| HAMILL, Declan | Director | 2012-05-18 | Apr 1981 | Irish |
| HUGHES, Michael Blake | Director | 2024-03-05 | Nov 1968 | British |
| SNOWBALL, David Matthew | Director | 2024-03-05 | Feb 1980 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAMILL, Declan | Secretary | 2012-05-18 | 2024-03-05 |
| BOWLER, Vincent Stephen | Director | 2024-03-05 | 2024-11-01 |
| LAVERY, Conor Patrick | Director | 2016-05-06 | 2024-03-05 |
| MUNNELLY, Marcus | Director | 2016-05-06 | 2024-03-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ocu Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-05 | Active |
| Nettworx 1 Ltd | Corporate entity | Shares 50–75%, Voting 50–75% | 2016-05-06 | Ceased 2024-03-05 |
Filing timeline
Last 20 of 58 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-24 MA Memorandum articles
- 2024-08-24 RESOLUTIONS Resolution
- 2024-03-21 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-28 | AA | accounts | Accounts with accounts type full | |
| 2025-09-26 | CH01 | officers | Change person director company with change date | |
| 2025-05-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-04 | AA01 | accounts | Change account reference date company current extended | |
| 2024-12-03 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-24 | MA | incorporation | Memorandum articles | |
| 2024-08-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-09 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-03-21 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-03-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.