SERS ENERGY SOLUTIONS (SCOTLAND) LIMITED
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Cash
£5.2m
+32.9% vs 2024
Net assets
£2m
-42.3% lowest in 6 filed years
Employees
10
-47.4% lowest in 6 filed years
Profit before tax
£13m
+462.2% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The financial statements have been prepared on a basis other than going concern. This is due to SERS Energy Solutions Group Limited and SERS Energy Solutions (Scotland) Limited having been subject to an asset purchase by Cardo Group... group and subsidiary companies will be wound down and cease trading.
-
Going-concern uncertainty disclosed
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £13,003,999 | £13,183,136 | £10,468,306 | -20.6% | |
| Operating profit | — | — | — | £2,351,123 | £2,255,231 | £12,869,604 | +470.7% | |
| Profit before tax | — | — | — | £2,394,285 | £2,306,330 | £12,965,645 | +462.2% | |
| Net profit | — | — | — | £1,827,559 | £1,724,701 | £9,688,606 | +461.8% | |
| Cash | £3,066,382 | £5,415,525 | £4,088,947 | £3,483,956 | £3,898,655 | £5,180,860 | +32.9% | |
| Total assets less current liabilities | £2,608,849 | £3,984,901 | £2,388,247 | £3,212,416 | £3,425,372 | £1,973,476 | -42.4% | |
| Net assets | £2,608,849 | £3,969,060 | £2,364,147 | £3,191,706 | £3,416,407 | £1,972,488 | -42.3% | |
| Equity | £2,608,849 | £3,969,060 | £2,364,147 | £3,191,706 | £3,416,407 | £1,972,488 | -42.3% | |
| Average employees | 24 | 24 | 18 | 18 | 19 | 10 | -47.4% | |
| Wages | — | — | — | — | — | — | — | |
| Directors' remuneration | £151,383 | £149,514 | £163,545 | £190,036 | £171,284 | £91,400 | -46.6% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 18.1% | 17.1% | 122.9% | |
| Net margin | — | — | — | 14.1% | 13.1% | 92.6% | |
| Return on capital employed | — | — | — | 73.2% | 65.8% | 652.1% | |
| Gearing (liabilities / total assets) | 57.4% | 48.7% | 61.3% | 53.5% | 51.9% | 66.2% | |
| Current ratio | — | — | — | 1.80x | 1.85x | 1.45x |
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
- SERS ENERGY SOLUTIONS (SCOTLAND) LIMITED 2013-05-07 → present
- SERS (SCOTLAND) LIMITED 2011-01-24 → 2013-05-07
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The financial statements have been prepared on a basis other than going concern. This is due to SERS Energy Solutions Group Limited and SERS Energy Solutions (Scotland) Limited having been subject to an asset purchase by Cardo Group... group and subsidiary companies will be wound down and cease trading.”
Significant events
- “SERS Energy Solutions Group Limited and SERS Energy Solutions (Scotland) Limited having been subject to an asset purchase by Cardo Group.”
- “Other operating income of £10,778,025 (2025: £0) comprises rental income of £18,267 and £10,759,758 arising from asset sale to Cardo Group Limited completed during the year.”
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 |
|---|---|---|---|---|
| GRACIE, Ian | Director | 2011-01-24 | Feb 1960 | British |
| GRACIE, Marion | Director | 2011-01-24 | Sep 1963 | Scottish |
| JONES, Lyndon Meirion | Director | 2011-01-24 | Nov 1957 | Welsh |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sers Energy Solutions Holdings Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2021-10-05 | Active |
| Sers Energy Solutions Group Ltd | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2021-10-05 |
Filing timeline
Last 20 of 45 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-10 | AA | accounts | Accounts with accounts type full | |
| 2025-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type small | |
| 2024-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type small | |
| 2023-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type small | |
| 2022-02-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-10-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-10-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-09-30 | AA | accounts | Accounts with accounts type small | |
| 2021-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-16 | AA | accounts | Accounts with accounts type small | |
| 2020-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-27 | AA | accounts | Accounts with accounts type full | |
| 2019-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-09-27 | AA | accounts | Accounts with accounts type small |
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.