PENSPEN LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-23 (in 8mo)
Last made up 2026-01-09
Watchouts
None on the register
Cash
£674K
-48.9% vs 2023
Net assets
£7M
+146% vs 2023
Employees
285
+56.6% vs 2023
Profit before tax
-£3M
+78.6% vs 2023
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 | £18,773,000 | £29,023,000 | |
| Operating profit | -£10,688,000 | -£4,288,000 | |
| Profit before tax | -£12,122,000 | -£2,592,000 | |
| Net profit | -£11,618,000 | -£2,221,000 | |
| Cash | £1,320,000 | £674,000 | |
| Total assets less current liabilities | -£12,649,000 | £7,818,000 | |
| Net assets | -£14,273,000 | £6,563,000 | |
| Equity | -£14,273,000 | £6,563,000 | |
| Average employees | 182 | 285 | |
| Wages | £12,858,000 | £18,125,000 |
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 | -56.9% | -14.8% | |
| Net margin | -61.9% | -7.7% | |
| Return on capital employed | 84.5% | -54.8% | |
| Gearing (liabilities / total assets) | 129.3% | 87.1% | |
| Current ratio | 0.17x | 0.26x | |
| Interest cover | -4.33x | -1.85x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the confirmation of support received from the ultimate parent undertaking, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from the date of approval of these financial statements. For this reason, they continue to adopt the going concern basis in the preparation of the financial statements.”
Group structure
- PENSPEN LIMITED · parent
- Manchester Jetline Limited 100%
- PLGS Holdings Inc 100%
Significant events
- “In June 2025 the Company sold 100% of the shares in Manchester Jetline Limited to Sidara Corporation Holding Limited (a Sidara group company) for £21.0m, which is after the offset of intercompany loans payable to Manchester Jetline Limited of £5.6m. These funds have been used to reduce the external bank loans and overdraft facility.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 35 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOORE, Zhinzhano | Secretary | 2025-08-26 | — | — |
| CURSON, Nigel St John Thomas | Director | 2002-07-01 | Feb 1961 | British |
| MAUDE, Graeme | Director | 2025-06-30 | Mar 1967 | British |
| O'SULLIVAN, Peter Bernard | Director | 2013-09-02 | Apr 1969 | Irish |
Show 35 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORDYCE, Hector Inglis | Secretary | — | 1996-12-31 |
| HOLMAN, Terence Raymond | Secretary | 1998-02-23 | 1999-07-08 |
| JONES, Matthew David Alexander | Secretary | 2012-08-09 | 2012-09-28 |
| LLOYD, Daniella | Secretary | 2022-09-27 | 2025-08-26 |
| MCDONALD, Susan Jane | Secretary | 2013-02-01 | 2022-09-27 |
| MOORE, Stephen Craig | Secretary | 2012-09-28 | 2013-02-01 |
| TEMPLETON, Michael Charles | Secretary | 1997-01-01 | 1998-02-23 |
| THORNTON, Ian Rodney | Secretary | 1999-07-08 | 2012-08-09 |
| ATTRILL, John Charles | Director | 2011-07-01 | 2012-04-27 |
| BROWN, Caroline | Director | 2014-07-10 | 2015-11-18 |
| BUCKLEY, Peter Ronald | Director | — | 1996-02-22 |
| CARTER, Neale | Director | 2014-07-10 | 2024-05-02 |
| DOBSON, Michael | Director | 2005-01-01 | 2014-10-31 |
| EMPRINGHAM, Gillian Anne | Director | 2013-12-01 | 2019-08-31 |
| FLEMING, James Turner | Director | 1997-01-01 | 2000-07-31 |
| FORDYCE, Hector Inglis | Director | 1975-06-01 | 1996-12-31 |
| HANFORD, John | Director | — | 1996-12-31 |
| HEARD, Richard James | Director | 2002-04-01 | 2005-11-10 |
| HOBBY, Ronald | Director | — | 1998-01-06 |
| HOLMAN, Terence Raymond | Director | 1993-01-04 | 1999-07-08 |
| HOPKINS, Philip, Dr | Director | 2008-01-01 | 2014-12-31 |
| HUTT, John Edward | Director | — | 2002-04-22 |
| JEFFS, Gary Ronald | Director | 2010-01-01 | 2011-11-03 |
| LAMZA, Ernest William | Director | 2008-01-01 | 2012-05-31 |
| MOCKTON, Zak | Director | 2000-07-12 | 2004-02-29 |
| MOORE, Stephen Craig | Director | 2010-01-01 | 2014-07-14 |
| PATTON, John David | Director | 2006-04-01 | 2013-01-11 |
| ROGERSON, Stanley Walker | Director | — | 1998-01-31 |
| SIMM, Michael William James | Director | 2011-05-03 | 2015-03-15 |
| STANLEY, David Nigel | Director | 1998-01-01 | 2013-03-31 |
| TARGETT, Colin Allan | Director | — | 2000-07-31 |
| THOMAS, Stephen | Director | 1997-01-01 | 2000-07-31 |
| WEBBER, Timothy | Director | 2017-11-20 | 2020-07-16 |
| WILLIAMS, Christopher Francis | Director | 2000-07-12 | 2016-12-12 |
| WREFORD, Spencer James | Director | 2020-06-29 | 2025-06-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Penspen Group Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 252 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-31 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | CH01 | officers | Change person director company with change date | |
| 2025-08-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-08-26 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-04 | AA | accounts | Accounts with accounts type full | |
| 2025-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-25 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-02-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-31 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-20 | SH01 | capital | Capital allotment shares | |
| 2024-07-25 | AA | accounts | Accounts with accounts type full | |
| 2024-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-19 | AA | accounts | Accounts with accounts type full | |
| 2023-06-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-10-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-09-29 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- Officers appointed
- 2
- Officers resigned
- 2
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
+54.6%
£18,773,000 £29,023,000
-
Cash
-48.9%
£1,320,000 £674,000
-
Net assets
+146%
-£14,273,000 £6,563,000
-
Employees
+56.6%
182 285
-
Operating profit
+59.9%
-£10,688,000 -£4,288,000
-
Profit before tax
+78.6%
-£12,122,000 -£2,592,000
-
Wages
+41%
£12,858,000 £18,125,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers