BULLET EXPRESS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-02-18
Overdue
Watchouts
Cash
£991K
+162.9% vs 2024
Net assets
£4M
-3.5% vs 2024
Employees
142
-6% vs 2024
Profit before tax
£640K
+223.3% first positive since 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-02-18.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £12,022,226 | — | — | £17,852,069 | £19,024,529 | |
| Operating profit | — | — | £805,548 | — | — | -£487,808 | £694,192 | |
| Profit before tax | — | — | £806,214 | £761,240 | £1,033,952 | -£519,029 | £639,706 | |
| Net profit | — | — | £643,024 | £573,337 | £834,159 | -£326,926 | £663,581 | |
| Cash | — | — | £3,189,035 | £447,932 | £566,363 | £377,046 | £991,079 | |
| Total assets less current liabilities | — | — | £4,871,260 | £5,385,331 | £5,983,221 | £4,922,939 | £3,790,170 | |
| Net assets | — | — | £3,035,625 | £4,014,093 | £4,642,713 | £3,862,068 | £3,725,649 | |
| Equity | £2,120,381 | £2,587,649 | £3,035,625 | £4,014,093 | £4,642,713 | £3,862,068 | £3,725,649 | |
| Average employees | — | — | 0 | 123 | 149 | 151 | 142 | |
| Wages | — | — | — | £4,626,426 | £5,442,432 | £5,817,525 | £5,587,389 | |
| Directors' remuneration | — | — | — | £345,234 | £415,434 | £429,683 | £185,498 |
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 2025-03-31 vs 2024-03-31
-
Turnover
+6.6%
£17,852,069 £19,024,529
highest in 3 filed years
-
Cash
+162.9%
£377,046 £991,079
-
Net assets
-3.5%
£3,862,068 £3,725,649
-
Employees
-6%
151 142
-
Operating profit
+242.3%
-£487,808 £694,192
first positive since 2024
-
Profit before tax
+223.3%
-£519,029 £639,706
first positive since 2024
-
Wages
-4%
£5,817,525 £5,587,389
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 6.7% | — | — | -2.7% | 3.6% | |
| Net margin | — | — | 5.3% | — | — | -1.8% | 3.5% | |
| Return on capital employed | — | — | 16.5% | — | — | -9.9% | 18.3% | |
| Current ratio | — | — | — | — | — | 1.56x | 2.02x | |
| Interest cover | — | — | 26851.60x | — | — | -11.85x | 9.52x |
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
- Standalone (parent only)
- Auditor
- Consilium 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 company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “The company returned to profitability during the year after streamlining its operations and winning multiple new customer accounts.”
- “During the prior year the company entered into the Air Cargo market to expand its market share but decided to cease operations in this area within the same year to focus on its core operations. The company incurred a loss in the prior year, which was largely related the discontinued operation mentioned above. There was no trade associated with this in the current- year.”
- “During the prior year, the company was acquired via a management buy-out supported by a private equity backed group of investors. As a result of this, there is no ultimate controlling party.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DONALD, Grant Thomas Stewart | Director | 2025-08-28 | Jun 1971 | Scottish |
| KPEDEKPO, Malcolm Aguedze Kofi | Director | 2023-10-17 | Aug 1976 | British |
| MCKAIL, John | Director | 2020-03-09 | Jun 1966 | British |
| MILLAR, Alan David | Director | 2025-01-10 | Aug 1991 | British |
| ROBERTS, Graeme Stanley | Director | 2024-02-28 | May 1950 | British |
| SCHMITZ, Michael | Director | 2023-10-17 | Dec 1974 | German |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCCUTCHEON, David James | Secretary | 2000-02-04 | 2020-03-11 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 2000-02-04 | 2000-02-04 |
| CRAGHILL, Martin John | Director | 2023-10-17 | 2025-04-03 |
| HERRON, William | Director | 2004-05-01 | 2023-10-17 |
| MACKAY, Bridget Marie | Director | 2004-05-01 | 2024-04-04 |
| MCCUTCHEON, David James | Director | 2000-02-04 | 2023-10-17 |
| SIMPSON, Graham James | Director | 2010-10-01 | 2022-07-29 |
| SMITH, Gary Richard | Director | 2000-02-04 | 2023-10-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Speed Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2023-10-17 | Active |
| Mr David James Mccutcheon | Individual | Significant influence | 2016-04-06 | Ceased 2023-10-17 |
Filing timeline
Last 20 of 128 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-01 MA Memorandum articles
- 2023-11-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-18 | AA | accounts | Accounts with accounts type full | |
| 2025-08-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-26 | AA | accounts | Accounts with accounts type full | |
| 2025-03-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-04-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-21 | AA | accounts | Accounts with accounts type full | |
| 2023-11-01 | MA | incorporation | Memorandum articles | |
| 2023-11-01 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-30 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-10-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-30 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 1
- 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.