XEROX LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-07 (in 1y)
Last made up 2026-04-23
Watchouts
None on the register
Cash
£2M
-60% vs 2023
Net assets
£892M
-9.7% vs 2023
Employees
369
-13.2% vs 2023
Profit before tax
-£122M
-8% vs 2023
Name history
Renamed 1 time since incorporation
- XEROX LIMITED 1997-10-31 → present
- RANK XEROX LIMITED 1956-12-19 → 1997-10-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £813,000,000 | £742,000,000 | |
| Operating profit | -£157,000,000 | -£205,000,000 | |
| Profit before tax | -£113,000,000 | -£122,000,000 | |
| Net profit | -£131,000,000 | -£115,000,000 | |
| Cash | £5,000,000 | £2,000,000 | |
| Total assets less current liabilities | £1,026,000,000 | £928,000,000 | |
| Net assets | £988,000,000 | £892,000,000 | |
| Equity | £988,000,000 | £892,000,000 | |
| Average employees | 425 | 369 | |
| Wages | £39,000,000 | £39,000,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -19.3% | -27.6% | |
| Net margin | -16.1% | -15.5% | |
| Return on capital employed | -15.3% | -22.1% | |
| Current ratio | 0.86x | 0.94x | |
| Interest cover | -13.08x | -15.77x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have obtained written confirmation of support from the Company's parent, Xerox Holdings Corporation for 12 months from the date of signing these financial statements and on the basis of this support consider that the Company has adequate resources to continue in operational existence for the foreseeable future, even with the uncertainty regarding the impact of the current global conflicts on the global economy.”
Group structure
- XEROX LIMITED · parent
- Continua Limited 100%
- The Xerox (UK) Trust 100%
- Xerox AS 100%
- Xerox Austria GmbH 100%
- Xerox Leasing GmbH* 100%
- Xerox Business Services Bulgaria EOOD 100%
- Xerox Canada Inc. 100%
- 2409835 Alberta ULC 100%
- Xerox Canada, I Limited Partnership 99.99%
- Xerox Canada Ltd. 100%
- LaserNetworks Inc. 100%
- Xerox Business Solutions Canada ULC 100%
- Xerox Capital (Europe) Limited 100%
- Concept Group Limited 100%
- Xerox IBS NI Limited 100%
- Xerox IBS Limited 100%
- Xerox (Ireland) Limited 100%
- Xerox AG 100%
- Xerox A/S 100%
- Xerox Manufacturing (Nederland) B.V. 100%
- Xerox (Nederland) BV 100%
- Xerox Sverige AB 100%
- Xerox (UK) Limited 100%
- Go Inspire Group Limited 100%
- GI Solutions Holdings Limited 100%
- GI Solutions Group Limited 100%
- Eclipse Web Limited* 100%
- Eclipse (Kettering) Limited 100%
- Eclipse Colour Print Limited 100%
- 4DMI Limited 100%
- 4DM Holdings Limited 100%
- 4DM Group Limited 100%
- DL Marketing (Direct Link) Limited 100%
- Altodigital Networks Limited 100%
- Arena Group Holdings Limited 100%
- Acorn Business Machines (Holmfirth) Limited 100%
- Arena Group Limited 100%
- Docucentric Holdings Limited 90%
- B 2 Business Systems Limited 100%
- Business Systems (North Wales) Limited 100%
- Fovia (Innovation) Limited 100%
- ITEC Connect Limited 100%
- Mail A Doc Limited 100%
- Reflex Digital Solutions (UK) Limited 100%
- Stem Networks Limited 100%
- XEROX CZECH REPUBLIC s r.o. 100%
- Xerox Espana, S.A.U. 100%
- Xerox Financial Services Norway AS* 100%
- Xerox Hellas AEE 100%
- Xerox Holding Deutschland GmbH 100%
- Xerox GmbH 100%
- Xerox Dienstleistungsgesellschaft GmbH 100%
- Xerox Leasing Deutschland GmbH* 100%
- Xerox Exports Limited 100%
- Xerox Professional Services Limited 100%
- Platinum Digital Print Solutions Limited 100%
- Copytrend Limited 100%
- M & S Reprographics Limited 100%
- Mitral Systems Limited 100%
- Citrus Digital Limited 100%
- Copyrite Business Solutions (Holdings) Limited 100%
- Criterion IT Limited 100%
- Copyrite Business Solutions Limited 100%
- AB S Digital Limited 100%
- Osprey Business Systems Limited 100%
- Quilver Business Services Limited 100%
- Back2Business Limited 100%
- Time Business Systems Limited 100%
- Una-Stem Limited 100%
- GI Insight Limited 100%
- GI Red Limited 100%
- GI Solutions Limited 100%
- Eclipse 4DM Limited 100%
- Go Inspire Limited 100%
- Xerox Reprographische Services GmbH 100%
- Xerox India Limited 96.66%
- Xerox Kazakhstan Limited Liability Partnership 100%
- Xerox N.V. 100%
- Euro Burotic S.A. 26%
- Xerox Luxembourg SA 99%
- Xerox Oy 100%
- Xerox Pensions Limited 100%
- Xerox Polska Sp. z o. o 100%
- Xerox Portugal Equipamentos de Escritorio, Limitada 74%
- Xerox (Romania) Echipamente si Servicii S.A. 100%
- Xerox S.A.S. 100%
- Xerox Financial Services SAS 100%
- Xerox Technology Services SAS 100%
- Xerox Serviços e Participações Ltda 99.99%
- Xerox Comércio e Indústria Ltda 99.99%
- Xerox Shared Services Romania SRL 95%
- Xerox S.p.A. 100%
- Xerox Telebusiness GmbH 100%
- Xerox (Ukraine) Ltd LLC 99%
- Continua Sanctum Limited 100%
- Bessemer Trust Limited 100%
- Xerox Distributor Operations Limited 100%
- Xerox Property Services Limited 100%
- Xerox Management Services N.V. 100%
- Xerox Office Supplies SAU 100%
- Xerox Canada Finance Inc 100%
- Xerox Finance (Luxembourg) SARL 100%
- ACS Worldwide Lending Limited 100%
- Xerox Fabricacion S.A.U 100%
- Xerox Global Services GmbH 100%
- NewField Information Technology Limited 100%
Significant events
- “The sale in July 2024 of certain eastern European subsidiaries to local management in line with our Reinvention strategy of geographic simplification and a further move to partner-led distribution models.”
- “In the fourth quarter of 2024 the Company and certain of its subsidiaries transitioned the EMEA paper business to Antalis, a long-time Xerox partner and a leading distributor of paper, packaging, and visual communications solutions.”
- “In 2024, the Group closed the acquisition of ITsavvy for total purchase consideration of $405 million.”
- “It also announced the acquisition of Lexmark, for total deal consideration of $1.5 billion.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 51 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WALSH, Cheryl Sandra Sarah | Secretary | 2023-01-09 | — | — |
| CASSIDY, Darren Scott | Director | 2024-01-31 | Jul 1967 | British |
| GUEDEN, Jacques-Edouard | Director | 2020-10-01 | Sep 1965 | French |
| NOONOO, Rodney | Director | 2020-10-15 | Mar 1962 | American |
| PITCEATHLY, Richard Stuart, Mr. | Director | 2017-11-01 | May 1965 | British |
Show 51 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRETT, Michael John | Secretary | 1999-05-21 | 2017-09-29 |
| PAYNE, Christopher John | Secretary | — | 1995-04-30 |
| PITCEATHLY, Richard | Secretary | 2017-11-01 | 2023-01-09 |
| SHEPHARD, Carole | Secretary | 1995-05-01 | 1999-05-21 |
| ALBRIGHT, Craig Morrow | Director | 2010-04-26 | 2013-01-01 |
| ALLAIRE, Paul Arthur | Director | — | 1998-08-01 |
| ARTHURTON, Anthony William | Director | 2020-11-06 | 2022-10-07 |
| BARRETT, Michael John | Director | 2004-01-01 | 2017-09-30 |
| BENOIT, Daniel Marc | Director | 2017-04-06 | 2020-10-15 |
| BROWNE, Christopher | Director | 2006-04-05 | 2007-10-09 |
| CRONIN, Stephen Michael | Director | 1998-08-01 | 2004-01-01 |
| DANON, Pierre | Director | 1998-08-01 | 1998-12-11 |
| FESTA, Michael Robert | Director | 2006-09-06 | 2010-04-26 |
| FISHER, Patricia Louise | Director | 2010-08-16 | 2017-12-31 |
| FOURNIER, Bernard Dominique | Director | — | 2001-11-09 |
| GIFFORD, Michael Brian | Director | — | 1996-04-10 |
| GONZALEZ-CAMINO, Luis | Director | — | 1993-04-16 |
| GOODE, William Raymond | Director | — | 2005-10-04 |
| GROUES, Olivier Pierre-Marie | Director | — | 1999-02-01 |
| GUERS, Jacques Henri Jean | Director | 2010-09-06 | 2017-10-31 |
| HADDON, Laurence Lyndon | Director | — | 1996-07-04 |
| HARPER, Ian | Director | 2006-04-05 | 2010-11-09 |
| HEISS, Xavier Gilbert | Director | 2020-03-23 | 2020-11-01 |
| HEISS, Xavier | Director | 2013-01-01 | 2015-02-27 |
| HICKS, Wayland | Director | — | 1994-08-31 |
| KABURECK, Gary R | Director | 2006-04-05 | 2013-03-31 |
| LAWLER, James Fintain, Lord | Director | 2000-11-24 | 2002-09-23 |
| MACCARRICK, Timothy James | Director | 2004-01-01 | 2006-09-06 |
| MARCIANO, Gabriel Maurice | Director | 2015-03-02 | 2017-10-31 |
| MARCIANO, Gabriel Maurice | Director | 2007-01-01 | 2010-08-16 |
| MAW, David Nicholas | Director | 1999-05-24 | 2001-01-26 |
| MILLIGAN, John Rodger | Director | — | 1994-01-01 |
| MORRISON, Andrew John | Director | 2015-03-02 | 2018-09-30 |
| OLIVER, Lisa Marie | Director | 2018-02-01 | 2019-04-30 |
| ORRICO, Ralph Thomas | Director | — | 1998-05-22 |
| PANTLING, Shaun William | Director | 2004-11-05 | 2014-12-31 |
| PONCHON, Patrick Henri | Director | 1996-02-01 | 2004-01-08 |
| RABBAT, Guy | Director | 1993-06-01 | 1996-03-01 |
| RAND, Addison Barry | Director | 1994-02-01 | 1998-11-23 |
| ROMERIL, Barry David | Director | 1993-08-01 | 1999-02-05 |
| SENTER, Alan Zachery | Director | — | 1992-07-13 |
| SINGH, Shrawan Kumar | Director | 1992-07-20 | 1996-02-01 |
| SMITH, Michael, Dr | Director | — | 1993-06-01 |
| STOLLMAN, Francois Johannes Joseph Maria | Director | 1996-07-19 | 1999-02-01 |
| SULLIVAN, Richard Peter | Director | 2001-01-26 | 2006-12-31 |
| TEARE, Andrew Hubert | Director | 1996-04-10 | 1997-07-02 |
| TESSLER, Herve | Director | 2017-04-06 | 2020-02-28 |
| TIERNEY, Stephen Lawrence | Director | — | 1992-07-16 |
| TURNBULL, Nigel Victor | Director | — | 1997-07-02 |
| YATES, Douglas Martin | Director | — | 1997-07-02 |
| ZAGALO DE LIMA, Armando | Director | 2004-01-01 | 2010-08-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Xerox Overseas Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 324 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-11 MA Memorandum articles
- 2026-04-11 RESOLUTIONS Resolution
- 2025-06-18 RESOLUTIONS Resolution
- 2025-06-18 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-11 | MA | incorporation | Memorandum articles | |
| 2026-04-11 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-08-01 | SH01 | capital | Capital allotment shares | |
| 2025-07-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-18 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-18 | MA | incorporation | Memorandum articles | |
| 2025-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 1
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-8.7%
£813,000,000 £742,000,000
-
Cash
-60%
£5,000,000 £2,000,000
-
Net assets
-9.7%
£988,000,000 £892,000,000
-
Employees
-13.2%
425 369
-
Operating profit
-30.6%
-£157,000,000 -£205,000,000
-
Profit before tax
-8%
-£113,000,000 -£122,000,000
-
Wages
0%
£39,000,000 £39,000,000
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