EXCEED TORRIDON LIMITED
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Cash
£2.3M
-78.5% vs 2024
Net assets
£5.1M
+129% vs 2024
Employees
54
+10.2% vs 2024
Profit before tax
£3.6M
+8.5% vs 2024
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-02-28
| Metric | Trend | 2024-02-29 | 2025-02-28 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £24,351,209 | £25,194,466 | +3.5% | |
| Operating profit | £3,305,778 | £3,493,873 | +5.7% | |
| Profit before tax | £3,343,589 | £3,627,391 | +8.5% | |
| Net profit | £2,498,141 | £2,947,123 | +18% | |
| Cash | £10,896,609 | £2,344,543 | -78.5% | |
| Total assets less current liabilities | £2,216,508 | £5,053,720 | +128% | |
| Net assets | £2,206,543 | £5,053,720 | +129% | |
| Equity | £2,206,543 | £5,053,720 | +129% | |
| Average employees | 49 | 54 | +10.2% | |
| Wages | £5,202,051 | £6,383,602 | +22.7% | |
| Directors' remuneration | £356,597 | £371,204 | +4.1% |
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 | 2024-02-29 | 2025-02-28 |
|---|---|---|---|
| Operating margin | 13.6% | 13.9% | |
| Net margin | 10.3% | 11.7% | |
| Return on capital employed | 149.1% | 69.1% | |
| Current ratio | 1.12x | 2.01x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements and having considered external market conditions coupled with the company's and wider Exceed Group's financial forecasts, the directors are of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made the informed judgement, at the same time as approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “The year ended 28 February 2025 was a year of consolidation - the previous year's exceptional performance was repeated, proving up a shift in Exceed's strong client portfolio spread over various geographies and service offerings: decommissioning; hydrogen storage; development and exploration in the UKCS and; international projects, the most significant of which were occurring in Namibia under the Exceed Torridon branch entity.”
- “During the period our international operations grew over the year, on the back of two successful campaigns in Namibia. The company has reported strong profilability during the period, which is continuing in the current year's trading.”
- “Since March 2025 the company is forecast to grow with the resultant increase in both revenue and profits.”
- “During the current financial year, the company repurchased and subsequently cancelled 4,570 of B ordinary shares for £99,946. Retained earnings were used to repurchase the shares.”
- “The entity's lease for its Rubislaw Terrace office premises expired in May 2025, subsequent to the year-end date. In June 2025, the lease was renewed for a further term of 5 years under similar terms and conditions.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLEAL, Wayne | Secretary | 2018-07-18 | — | — |
| ANDERSON, John Stuart | Director | 2015-07-31 | Feb 1976 | British |
| BROCKIE, Alistair George | Director | 2015-07-31 | Dec 1962 | British |
| LAAR, Bart Van De | Director | 2017-10-31 | Jun 1977 | British |
| MILLS, Ian Joseph | Director | 2015-06-19 | Jan 1961 | Irish |
| O'CONNOR, Damien Anthony | Director | 2025-10-08 | Oct 1979 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MACDONALD, Calum Murdo | Director | 2015-07-31 | 2017-10-31 |
| VAN DER VOSSEN, Fiona Elizabeth | Director | 2015-07-14 | 2015-08-31 |
| WATT, Martin Robert | Director | 2015-07-23 | 2015-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Exceed (Xcd) Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 59 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-15 RESOLUTIONS Resolution
- 2024-02-22 RESOLUTIONS Resolution
- 2024-02-22 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-11 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-11-28 | AA | accounts | Accounts with accounts type full | |
| 2025-10-31 | SH03 | capital | Capital return purchase own shares | |
| 2025-10-15 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-15 | SH06 | capital | Capital cancellation shares | |
| 2025-07-11 | SH06 | capital | Capital cancellation shares | |
| 2025-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-29 | AA | accounts | Accounts with accounts type full | |
| 2024-10-25 | SH03 | capital | Capital return purchase own shares | |
| 2024-10-17 | SH06 | capital | Capital cancellation shares | |
| 2024-07-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-22 | MA | incorporation | Memorandum articles | |
| 2024-02-20 | SH01 | capital | Capital allotment shares | |
| 2023-11-30 | AA | accounts | Accounts with accounts type small | |
| 2023-09-27 | SH06 | capital | Capital cancellation shares | |
| 2023-09-27 | SH03 | capital | Capital return purchase own shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 5
- 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.