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SummaryLegal & StatusTimelineNetworkOwnership & ManagementShareholdersUltimate Beneficial OwnerGeographyFinancialsFinancial HealthDocuments

NUDATION LIMITED

🇬🇧United Kingdom•Private Limited Company (Ltd.)•Active

Summary

Country🇬🇧United Kingdom
StatusActive
Registration Number08274704
Founded30/10/2012
PurposeActivities of head offices
AddressSarginsons Industries Ltd, Torrington Avenue, Coventry, CV4 9AG
Confirmation StatementNext due: —; Last made up: —

Legal & Status

Legal FormPrivate Limited Company (Ltd.)
StatusActive
Registration Date30/10/2012
Registry AuthorityCompanies House
Registered Capital—

Source: UK Companies House · Last updated: 03/12/2025

Timeline (31 events)

20/01/2026

Annual accounts filed

Current accounting period shortened from 31 March 2026 to 31 January 2026

View file in Documents

18/11/2025

Annual accounts filed

Group of companies' accounts made up to 31 March 2025

View file in Documents

30/10/2012

Appointed Speafi Limited (person)

Appointed as Director

Network

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Network depth

Ownership & Management

Persons with significant control

Thomas Nunan

75–100% shares

Appointed: 06/04/2016

87.5%
Thomas Nunan

75–100% shares

Appointed: 06/04/2016

87.5%

Officers & directors

Thomas Mark Nunan

Director

Appointed: 21/11/2012

—
Ashley Lynton Stafford

Secretary

Appointed: 27/03/2025 · Resigned: 10/08/2025

—
Mary Catherine Pears

Director

Appointed: 30/10/2012 · Resigned: 21/11/2012

—

Showing 1–5 of 7

1 / 2

Ownership Timeline (1 changes)

06/04/2016

Appointed Thomas Nunan (person)

Person with significant control

Shareholders

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Ultimate Beneficial Owner

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Geography

Headquarters

Sarginsons Industries Ltd

Torrington Avenue

Coventry

CV4 9AG

Financials

Key figures from annual accounts filings.

Convert to

2019

Turnover: £722

Key figures

Turnover

2013—
2017—
2018—
2019£722
2020£1,227
2022—
2023—
2024—
2025—

Profit / (loss)

2013—
2017£63,672
2018£-2,763
2019£-707
2020£-3,706
2022£-5,258
2023£-1,415
2024£74,989
2025£269,183

Total assets

2013£251,593
2017£-154,876
2018£-152,113
2019£-151,406
2020£-147,700
2022£-399,524
2023£-398,525
2024£480,650
2025£471,633

Net Assets Liabilities

2013—
2017—
2018—
2019£792,806
2020£800,327
2022—
2023—
2024—
2025—

Equity

2013—
2017£795,653
2018£797,328
2019£800,327
2020£810,730
2022£788,315
2023£782,262
2024£480,650
2025£471,633

Current Assets

2013—
2017£1,159,939
2018£1,109,748
2019£788,344
2020£956,886
2022£718,717
2023£1,099,462
2024£1,081,611
2025£648,139

Net Current Assets Liabilities

2013£2
2017£775,790
2018£777,465
2019£772,943
2020£927,074
2022£405,588
2023£784,038
2024£778,478
2025£524,943

Total Assets Less Current Liabilities

2013£251,593
2017£795,653
2018£797,328
2019£792,806
2020£927,080
2022£810,730
2023£788,315
2024£782,262
2025£732,251

Cash Bank On Hand

2013—
2017£375,157
2018£341,379
2019£87
2020£1,412
2022£73
2023£667
2024£211
2025£2

Debtors

2013—
2017£784,782
2018£768,369
2019£788,257
2020£955,474
2022£718,644
2023£1,098,795
2024£1,081,400
2025£648,137

Other Debtors

2013—
2017—
2018—
2019£0
2020£0
2022£0
2023£300,788
2024£414,246
2025£164,246

Creditors

2013—
2017£384,149
2018£332,283
2019£0
2020£126,753
2022£313,129
2023£315,424
2024£303,133
2025£123,196

Trade Creditors Trade Payables

2013—
2017—
2018—
2019£2,880
2020£3,000
2022£0
2023£14,190
2024£4,800
2025£5,280

Other Creditors

2013—
2017—
2018—
2019£0
2020£20,000
2022£0
2023£296,373
2024£293,453
2025£87,697

Amounts Owed To Group Undertakings

2013—
2017—
2018—
2019—
2020£0
2022£296,437
2023—
2024—
2025£0

Investments Fixed Assets

2013£251,591
2017£19,863
2018£19,863
2019£19,863
2020£6
2022£405,142
2023£4
2024£4
2025£204,021

Issue Equity Instruments

2013—
2017—
2018—
2019—
2020—
2022—
2023—
2024—
2025£226,000

Number Shares Allotted

2013251,593
2017—
2018—
2019—
2020—
2022—
2023—
2024—
2025—

Number Shares Issued Fully Paid

2013—
2017251,601
2018251,601
2019251,601
2020251,601
2022251,601
2023251,601
2024251,601
2025251,601

Par Value Share

2013£1
2017£1
2018£1
2019£0
2020£0
2022£0
2023£0
2024£0
2025£0

Average Number Employees During Period

2013—
20171
20181
201977
202083
202286
202384
202485
202598

Admin expenses

2013—
2017—
2018—
2019£2,143,365
2020£2,527,552
2022—
2023—
2024—
2025—

Accrued Liabilities

2013—
2017—
2018—
2019—
2020—
2022—
2023—
2024—
2025£6,288

Accrued Liabilities Deferred Income

2013—
2017£5,280
2018£8,159
2019£2,917
2020£6,036
2022£12,423
2023£4,034
2024£4,832
2025£0

Accumulated Amortisation Impairment Intangible Assets

2013—
2017—
2018—
2019—
2020£-644,230
2022—
2023—
2024—
2025—

Accumulated Depreciation Impairment Property Plant Equipment

2013—
2017—
2018—
2019—
2020—
2022£657
2023£1,150
2024£1,643
2025£2,136

Additional Provisions Increase From New Provisions Recognised In Profit Or Loss

2013—
2017—
2018—
2019—
2020—
2022£-5,258
2023£-1,415
2024£-4,997
2025£-470

Amortisation Expense Intangible Assets

2013—
2017—
2018—
2019£-129,912
2020£0
2022—
2023—
2024—
2025—

Amounts Owed By Group Undertakings

2013—
2017£146,943
2018£128,888
2019£132,682
2020£0
2022£113,595
2023£201,822
2024£181,373
2025£472,098

Applicable Tax Rate

2013—
2017—
2018—
2019£19
2020£19
2022—
2023—
2024—
2025—

Audit Fees Expenses

2013—
2017—
2018—
2019£19,724
2020£25,380
2022—
2023—
2024—
2025—

Bank Borrowings Overdrafts

2013—
2017—
2018—
2019£0
2020£0
2022£0
2023£0
2024£0
2025£783

Bank Overdrafts

2013—
2017—
2018—
2019—
2020—
2022—
2023—
2024£0
2025£783

Called Up Share Capital

2013£251,593
2017—
2018—
2019—
2020—
2022—
2023—
2024—
2025—

Cash Bank In Hand

2013£2
2017—
2018—
2019—
2020—
2022—
2023—
2024—
2025—

Company Contributions To Money Purchase Plans Directors

2013—
2017—
2018—
2019£200
2020£323
2022—
2023—
2024—
2025—

Comprehensive Income Expense

2013—
2017—
2018—
2019£7,521
2020£10,403
2022£-22,415
2023£-6,053
2024£74,989
2025£269,183

Corporation Tax Payable

2013—
2017£116
2018£0
2019£83
2020£776
2022£787
2023£827
2024£48
2025£148

Corporation Tax Recoverable

2013—
2017£0
2018£1,082
2019£1,082
2020£1,000
2022£0
2023£0
2024£0
2025£0

Current Tax For Period

2013—
2017—
2018—
2019£-309,714
2020£-587,670
2022—
2023—
2024—
2025—

Depreciation Expense Property Plant Equipment

2013—
2017—
2018—
2019£23,001
2020£25,606
2022—
2023—
2024—
2025—

Director Remuneration

2013—
2017—
2018—
2019£21,410
2020£22,456
2022—
2023—
2024—
2025—

Dividends Paid

2013—
2017—
2018—
2019—
2020—
2022—
2023—
2024£125,000
2025£278,200

Fixed Assets

2013—
2017—
2018—
2019£19,863
2020£6
2022£405,142
2023£4,277
2024£3,784
2025£207,308

Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax

2013—
2017—
2018—
2019£500,000
2020—
2022—
2023—
2024—
2025—

Further Item Interest Expense Component Total Interest Expense

2013—
2017—
2018—
2019£4,699
2020£1,793
2022—
2023—
2024—
2025—

Further Operating Expense Item Component Total Operating Expenses

2013—
2017—
2018—
2019£2,143,365
2020£2,527,552
2022—
2023—
2024—
2025—

Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss

2013—
2017—
2018—
2019£-11,012
2020£-12,595
2022—
2023—
2024—
2025—

Increase Decrease In Current Tax From Adjustment For Prior Periods

2013—
2017—
2018—
2019£-5,791
2020£-62,097
2022—
2023—
2024—
2025—

Increase From Amortisation Charge For Year Intangible Assets

2013—
2017—
2018—
2019—
2020£5,284
2022—
2023—
2024—
2025—

Increase From Depreciation Charge For Year Property Plant Equipment

2013—
2017—
2018—
2019—
2020—
2022£657
2023£493
2024£493
2025£493

Intangible Assets

2013—
2017—
2018—
2019£55
2020£153,134
2022£0
2023£0
2024£0
2025£0

Intangible Assets Gross Cost

2013—
2017—
2018—
2019—
2020£-491,096
2022—
2023—
2024—
2025—

Interest Expense On Bank Loans Similar Borrowings

2013—
2017—
2018—
2019£202
2020£17,860
2022—
2023—
2024—
2025—

Interest Expense On Bank Overdrafts

2013—
2017—
2018—
2019£0
2020£2
2022—
2023—
2024—
2025—

Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts

2013—
2017—
2018—
2019£27,675
2020£23,803
2022—
2023—
2024—
2025—

Interest Payable Similar Charges Finance Costs

2013—
2017—
2018—
2019£95,000
2020£74,443
2022—
2023—
2024—
2025—

Investments In Group Undertakings

2013—
2017£19,863
2018£19,863
2019£19,863
2020£6
2022£6
2023£4
2024£4
2025£204,021

Net Assets Liabilities Subsidiaries

2013—
2017£-154,876
2018£-152,113
2019£-151,406
2020£-147,700
2022£-399,524
2023£-398,525
2024£23,404
2025—

Number Directors Accruing Benefits Under Money Purchase Scheme

2013—
2017—
2018—
2019£1
2020£1
2022—
2023—
2024—
2025—

Other Deferred Tax Expense Credit

2013—
2017—
2018—
2019£-38
2020£36,442
2022—
2023—
2024—
2025—

Other Investments Other Than Loans

2013—
2017—
2018—
2019—
2020£0
2022£405,136
2023—
2024—
2025—

Pension Other Post-employment Benefit Costs Other Pension Costs

2013—
2017—
2018—
2019£41,776
2020£55,907
2022—
2023—
2024—
2025—

Percentage Class Share Held In Subsidiary

2013—
2017£100
2018£100
2019£100
2020£100
2022£100
2023£100
2024£100
2025£100

Profit Loss On Ordinary Activities Before Tax

2013—
2017—
2018—
2019£459,998
2020£-449,213
2022—
2023—
2024—
2025—

Profit Loss Subsidiaries

2013—
2017£63,672
2018£-2,763
2019£-707
2020£-3,706
2022£-10,974
2023£-999
2024£-59,374
2025—

Property Plant Equipment

2013—
2017—
2018—
2019£0
2020£0
2022£4,273
2023£4,273
2024£3,780
2025£3,287

Property Plant Equipment Gross Cost

2013—
2017—
2018—
2019—
2020—
2022£4,930
2023£4,930
2024£4,930
2025£4,930

Provisions

2013—
2017—
2018—
2019—
2020—
2022£-5,258
2023£-6,673
2024£-11,670
2025£-12,140

Share Capital Allotted Called Up Paid

2013£251,593
2017—
2018—
2019—
2020—
2022—
2023—
2024—
2025—

Shareholder Funds

2013£251,593
2017—
2018—
2019—
2020—
2022—
2023—
2024—
2025—

Social Security Costs

2013—
2017—
2018—
2019£206,576
2020£206,521
2022—
2023—
2024—
2025—

Staff Costs Employee Benefits Expense

2013—
2017—
2018—
2019£2,331,520
2020£2,423,716
2022—
2023—
2024—
2025—

Tax Decrease Increase From Effect Revenue Exempt From Taxation

2013—
2017—
2018—
2019£722
2020£1,227
2022—
2023—
2024—
2025—

Tax Expense Credit Applicable Tax Rate

2013—
2017—
2018—
2019£87,400
2020£-85,350
2022—
2023—
2024—
2025—

Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss

2013—
2017—
2018—
2019£7,196
2020£-6,573
2022—
2023—
2024—
2025—

Tax Tax Credit On Profit Or Loss On Ordinary Activities

2013—
2017—
2018—
2019£-315,543
2020£-613,324
2022—
2023—
2024—
2025—

Total Additions Including From Business Combinations Intangible Assets

2013—
2017—
2018—
2019—
2020£158,363
2022—
2023—
2024—
2025—

Total Additions Including From Business Combinations Property Plant Equipment

2013—
2017—
2018—
2019—
2020—
2022£4,930
2023—
2024—
2025—

Total Borrowings

2013—
2017—
2018—
2019—
2020—
2022—
2023—
2024£0
2025£783

Total Current Tax Expense Credit

2013—
2017—
2018—
2019£-315,505
2020£-649,766
2022—
2023—
2024—
2025—

Trade Debtors Trade Receivables

2013—
2017£0
2018£560
2019£635
2020£750
2022£700
2023£622
2024£79
2025£123

Turnover Revenue

2013—
2017—
2018—
2019£8,388,624
2020£8,026,171
2022—
2023—
2024—
2025—

Wages Salaries

2013—
2017—
2018—
2019£2,083,168
2020£2,161,288
2022—
2023—
2024—
2025—
Metric201320172018201920202022202320242025
Turnover———£722£1,227————
Profit / (loss)—£63,672£-2,763£-707£-3,706£-5,258£-1,415£74,989£269,183
Total assets£251,593£-154,876£-152,113£-151,406£-147,700£-399,524£-398,525£480,650£471,633
Net Assets Liabilities———£792,806£800,327————
Equity—£795,653£797,328£800,327£810,730£788,315£782,262£480,650£471,633
Current Assets—£1,159,939£1,109,748£788,344£956,886£718,717£1,099,462£1,081,611£648,139
Net Current Assets Liabilities£2£775,790£777,465£772,943£927,074£405,588£784,038£778,478£524,943
Total Assets Less Current Liabilities£251,593£795,653£797,328£792,806£927,080£810,730£788,315£782,262£732,251
Cash Bank On Hand—£375,157£341,379£87£1,412£73£667£211£2
Debtors—£784,782£768,369£788,257£955,474£718,644£1,098,795£1,081,400£648,137
Other Debtors———£0£0£0£300,788£414,246£164,246
Creditors—£384,149£332,283£0£126,753£313,129£315,424£303,133£123,196
Trade Creditors Trade Payables———£2,880£3,000£0£14,190£4,800£5,280
Other Creditors———£0£20,000£0£296,373£293,453£87,697
Amounts Owed To Group Undertakings————£0£296,437——£0
Investments Fixed Assets£251,591£19,863£19,863£19,863£6£405,142£4£4£204,021
Issue Equity Instruments————————£226,000
Number Shares Allotted251,593————————
Number Shares Issued Fully Paid—251,601251,601251,601251,601251,601251,601251,601251,601
Par Value Share£1£1£1£0£0£0£0£0£0
Average Number Employees During Period—11778386848598
Admin expenses———£2,143,365£2,527,552————
Accrued Liabilities————————£6,288
Accrued Liabilities Deferred Income—£5,280£8,159£2,917£6,036£12,423£4,034£4,832£0
Accumulated Amortisation Impairment Intangible Assets————£-644,230————
Accumulated Depreciation Impairment Property Plant Equipment—————£657£1,150£1,643£2,136
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss—————£-5,258£-1,415£-4,997£-470
Amortisation Expense Intangible Assets———£-129,912£0————
Amounts Owed By Group Undertakings—£146,943£128,888£132,682£0£113,595£201,822£181,373£472,098
Applicable Tax Rate———£19£19————
Audit Fees Expenses———£19,724£25,380————
Bank Borrowings Overdrafts———£0£0£0£0£0£783
Bank Overdrafts———————£0£783
Called Up Share Capital£251,593————————
Cash Bank In Hand£2————————
Company Contributions To Money Purchase Plans Directors———£200£323————
Comprehensive Income Expense———£7,521£10,403£-22,415£-6,053£74,989£269,183
Corporation Tax Payable—£116£0£83£776£787£827£48£148
Corporation Tax Recoverable—£0£1,082£1,082£1,000£0£0£0£0
Current Tax For Period———£-309,714£-587,670————
Depreciation Expense Property Plant Equipment———£23,001£25,606————
Director Remuneration———£21,410£22,456————
Dividends Paid———————£125,000£278,200
Fixed Assets———£19,863£6£405,142£4,277£3,784£207,308
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax———£500,000—————
Further Item Interest Expense Component Total Interest Expense———£4,699£1,793————
Further Operating Expense Item Component Total Operating Expenses———£2,143,365£2,527,552————
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss———£-11,012£-12,595————
Increase Decrease In Current Tax From Adjustment For Prior Periods———£-5,791£-62,097————
Increase From Amortisation Charge For Year Intangible Assets————£5,284————
Increase From Depreciation Charge For Year Property Plant Equipment—————£657£493£493£493
Intangible Assets———£55£153,134£0£0£0£0
Intangible Assets Gross Cost————£-491,096————
Interest Expense On Bank Loans Similar Borrowings———£202£17,860————
Interest Expense On Bank Overdrafts———£0£2————
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts———£27,675£23,803————
Interest Payable Similar Charges Finance Costs———£95,000£74,443————
Investments In Group Undertakings—£19,863£19,863£19,863£6£6£4£4£204,021
Net Assets Liabilities Subsidiaries—£-154,876£-152,113£-151,406£-147,700£-399,524£-398,525£23,404—
Number Directors Accruing Benefits Under Money Purchase Scheme———£1£1————
Other Deferred Tax Expense Credit———£-38£36,442————
Other Investments Other Than Loans————£0£405,136———
Pension Other Post-employment Benefit Costs Other Pension Costs———£41,776£55,907————
Percentage Class Share Held In Subsidiary—£100£100£100£100£100£100£100£100
Profit Loss On Ordinary Activities Before Tax———£459,998£-449,213————
Profit Loss Subsidiaries—£63,672£-2,763£-707£-3,706£-10,974£-999£-59,374—
Property Plant Equipment———£0£0£4,273£4,273£3,780£3,287
Property Plant Equipment Gross Cost—————£4,930£4,930£4,930£4,930
Provisions—————£-5,258£-6,673£-11,670£-12,140
Share Capital Allotted Called Up Paid£251,593————————
Shareholder Funds£251,593————————
Social Security Costs———£206,576£206,521————
Staff Costs Employee Benefits Expense———£2,331,520£2,423,716————
Tax Decrease Increase From Effect Revenue Exempt From Taxation———£722£1,227————
Tax Expense Credit Applicable Tax Rate———£87,400£-85,350————
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss———£7,196£-6,573————
Tax Tax Credit On Profit Or Loss On Ordinary Activities———£-315,543£-613,324————
Total Additions Including From Business Combinations Intangible Assets————£158,363————
Total Additions Including From Business Combinations Property Plant Equipment—————£4,930———
Total Borrowings———————£0£783
Total Current Tax Expense Credit———£-315,505£-649,766————
Trade Debtors Trade Receivables—£0£560£635£750£700£622£79£123
Turnover Revenue———£8,388,624£8,026,171————
Wages Salaries———£2,083,168£2,161,288————

Documents

Current accounting period shortened from 31 March 2026 to 31 January 2026

20/01/2026

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Group of companies' accounts made up to 31 March 2025

18/11/2025

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Confirmation statement

31/10/2025

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Termination of secretary appointment

23/08/2025

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Registration of particulars of charge

02/04/2025

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Annual Accounts

Accounts for the accounting period ending on: 31/03/2025

Filed: 31/03/2025

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Group of companies' accounts made up to 31 March 2024

31/03/2025

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Appointment of secretary

27/03/2025

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Confirmation statement

14/11/2024

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🇮🇪KILDALE LIMITED🇮🇪BRAMBURY LIMITED🇮🇪CLOVERWOOD LIMITEDJOSE SENA ALAHCEN AIT TALEBMarine Sans
Net margin (2020)Net margin
-302%
YoY revenue (2019 vs 2020)YoY revenue
+69.9%
YoY profit / (loss) (2024 vs 2025)YoY profit / (loss)
+259%
Return on assets (net) (2025)Return on assets (net)
57.1%
Equity ratio (2025)Equity ratio
100%

Financial Health

Derived ratios from annual accounts. Values are omitted when data is missing or not meaningful.

Margins

Net margin (2019)
-97.9%
Administrative expenses % of revenue (2019)
296,865%
Net margin (2020)
-302%
Administrative expenses % of revenue (2020)
205,994.5%

Growth

YoY total assets (2013 vs 2017)
-161.6%
  1. –
  2. –
  3. –NUDATION LIMITED
YoY net current assets (2013 vs 2017)
+38,789,400%
YoY profit / (loss) (2017 vs 2018)
-104.3%
YoY total assets (2017 vs 2018)
+1.8%
YoY net current assets (2017 vs 2018)
+0.2%
YoY profit / (loss) (2018 vs 2019)
+74.4%
YoY total assets (2018 vs 2019)
+0.5%
YoY net current assets (2018 vs 2019)
-0.6%
YoY revenue (2019 vs 2020)
+69.9%
YoY profit / (loss) (2019 vs 2020)
-424.2%
YoY total assets (2019 vs 2020)
+2.4%
YoY net current assets (2019 vs 2020)
+19.9%
YoY profit / (loss) (2020 vs 2022)
-41.9%
YoY total assets (2020 vs 2022)
-170.5%
YoY net current assets (2020 vs 2022)
-56.3%
YoY profit / (loss) (2022 vs 2023)
+73.1%
YoY total assets (2022 vs 2023)
+0.3%
YoY net current assets (2022 vs 2023)
+93.3%
YoY profit / (loss) (2023 vs 2024)
+5,399.6%
YoY total assets (2023 vs 2024)
+220.6%
YoY net current assets (2023 vs 2024)
-0.7%
YoY profit / (loss) (2024 vs 2025)
+259%
YoY total assets (2024 vs 2025)
-1.9%
YoY net current assets (2024 vs 2025)
-32.6%
CAGR total assets (2013–2025)
+8.2%

Efficiency & returns

Profit / (loss) per employee (2017)
£63,672
Profit / (loss) per employee (2018)
-£2,763
Revenue per employee (2019)
£9
Profit / (loss) per employee (2019)
-£9
Revenue per employee (2020)
£15
Profit / (loss) per employee (2020)
-£45
Profit / (loss) per employee (2022)
-£61
Profit / (loss) per employee (2023)
-£17
Return on assets (net) (2024)
15.6%
Profit / (loss) per employee (2024)
£882
Return on assets (net) (2025)
57.1%
Profit / (loss) per employee (2025)
£2,747

Working capital & liquidity

Net current assets (2013)
£2
Net current assets (2017)
£775,790
Net current assets (2018)
£777,465
Net current assets (2019)
£772,943
Net current assets (2020)
£927,074
Net current assets (2022)
£405,588
Net current assets (2023)
£784,038
Net current assets (2024)
£778,478
Net current assets (2025)
£524,943

Receivables & payables

Debtor days (2019)
398,496days
Creditor days (vs revenue) (2019)
1,456days
Debtor days (2020)
284,228days
Creditor days (vs revenue) (2020)
892days

Capital structure

Equity ratio (2024)
100%
Equity ratio (2025)
100%
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