EXEL UK LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have carried out a going concern assessment. Forecasts through to year ending 2026 are prepared for the UK group of companies in which the company is included. These forecasts support the assessment that the UK group of companies will continue to be able to meet their obligations as they fall due throughout the period of at least twelve months from the date of approval of these financial statements. The company also participates in the DHL Group's centralised treasury arrangements and so shares banking arrangements with its parent and other group undertakings. The company can draw on these arrangements for funds should the need to access a short term working capital facility arise. Consequently, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “Turnover has decreased year on year due to the termination and transfer of a property lease in the prior year.”
• “The profit in the current year is mainly due to interest receivable from group undertakings of £2,395,000 (2023: £2,103,000), plus the foreign exchange gain on Canadian preference shares of £453,000 (2023: £245,000).”
• “The company will continue to manage leased properties and recharge related costs to DHL Supply Chain Limited.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

5

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -39.9%

  £887,000 → £533,000

• Cash

  —

  Not reported

• Net assets

  +8.9%

  £32,038,000 → £34,893,000

• Employees

  —

  Not reported

• Operating profit

  +57.8%

  £296,000 → £467,000

• Profit before tax

  +19.9%

  £2,382,000 → £2,855,000

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