TARGET GROUP LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-05-13
Overdue
Watchouts
Cash
£10M
+509,500% vs 2024
Net assets
£3M
0% vs 2024
Employees
643
-14.7% vs 2024
Profit before tax
-£8M
+47.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-13.
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £54,919,000 | £47,806,000 | |
| Operating profit | -£14,718,000 | -£7,368,000 | |
| Profit before tax | -£14,677,000 | -£7,685,000 | |
| Net profit | -£11,403,000 | -£4,001,000 | |
| Cash | £2,000 | £10,192,000 | |
| Total assets less current liabilities | £13,180,000 | £11,303,000 | |
| Net assets | £2,846,000 | £2,845,000 | |
| Equity | £2,846,000 | £2,845,000 | |
| Average employees | 754 | 643 | |
| Wages | £27,241,000 | £24,524,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -26.8% | -15.4% | |
| Net margin | -20.8% | -8.4% | |
| Return on capital employed | -111.7% | -65.2% | |
| Current ratio | 1.18x | 1.08x | |
| Interest cover | — | -23.24x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- MHA Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have concluded that there are no known material uncertainties that cast significant doubt over the Company's ability to continue as a going concern.”
Group structure
- TARGET GROUP LIMITED · parent
- Target Servicing Limited 100%
- Elderbridge Limited 100%
Significant events
- “In May 2025 management received confirmation of an insurance claim being accepted for £2m in the Group's favour. In June 2025 a £3m equity injection into Target Group Limited was completed by Tech Mahindra Fintech Holdings Limited and subsequently a £1m equity injection into Target Servicing Limited was completed by Target Group Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BHAT, Shashidhar | Director | 2025-08-12 | Jul 1971 | British |
| KULKARNI, Pankaj Subhash | Director | 2024-04-25 | May 1974 | British |
| MCINTYRE, Andrew James | Director | 2021-08-04 | Sep 1956 | British |
| NEGI, Vishwajit Singh | Director | 2025-11-28 | Apr 1967 | Indian |
| O'CONNOR, Peter Anthony | Director | 2023-06-01 | Jan 1983 | British |
| WALLACE, Aileen | Director | 2019-10-22 | Dec 1970 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEBB, Dafydd Llywelyn | Secretary | 2014-06-05 | 2017-05-16 |
| JENKINS, Philip | Secretary | 2000-03-31 | 2014-05-02 |
| THOMAS, Peter Glyn | Secretary | — | 2000-03-31 |
| AGARWAL, Vivek Satish | Director | 2017-03-23 | 2024-04-25 |
| ALLEY, William Michael | Director | 2014-03-01 | 2017-07-31 |
| BARKER, John Stephen | Director | 2022-09-01 | 2023-05-31 |
| BAXTER, Terence Alexander | Director | 2015-03-19 | 2020-10-30 |
| BOTTING, Nigel Hugh | Director | 2012-02-29 | 2013-05-13 |
| BYRNE, Patrick Michael | Director | 2012-10-09 | 2021-07-31 |
| DICKIE, Colin Archibald | Director | 2015-04-22 | 2017-09-30 |
| DOMAN, Andrew Spencer | Director | 2017-07-06 | 2020-10-05 |
| EVANS, Iestyn David | Director | 2017-07-06 | 2020-06-19 |
| HAGGERTY, Stephen William | Director | 2015-05-26 | 2017-11-30 |
| HAWKINS, David Grant | Director | — | 2013-06-07 |
| HEATH, David William | Director | 2005-12-23 | 2013-01-30 |
| HERBERT, Glen | Director | 2010-05-24 | 2012-06-08 |
| HOUGHTON, Richard Alexander | Director | 2013-04-19 | 2016-08-19 |
| HUNT, John | Director | 2013-01-30 | 2014-10-16 |
| LARKIN, Ian David, Mr. | Director | 2014-10-23 | 2019-12-31 |
| LLOYD, Geoffrey Brian | Director | — | 1993-07-07 |
| LOCK, Gregory Hugh | Director | 2001-04-01 | 2012-02-29 |
| MILLS, Christopher Andrew | Director | 2020-06-24 | 2020-12-11 |
| NEWMAN, Roger | Director | 2020-07-31 | 2022-09-01 |
| ROBERTSON, Steven Andrew | Director | 2016-03-11 | 2016-12-08 |
| ROWE, Catherine Elizabeth | Director | 2020-05-04 | 2020-09-07 |
| ROYAL, Stephen William | Director | — | 2005-12-23 |
| RUDOLF, James De Montjoie | Director | 2008-09-01 | 2013-03-13 |
| SCOTT, James William | Director | 2015-03-19 | 2016-08-19 |
| SNOW, James Robert Ballintine | Director | 2006-07-16 | 2016-08-22 |
| STEPHEN, Michael Rhys | Director | — | 2005-12-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tech Mahindra Fintech Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-03-12 | Active |
| Target Tg Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2020-03-12 |
Filing timeline
Last 20 of 258 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-19 | AA | accounts | Accounts with accounts type group | |
| 2025-08-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-26 | SH01 | capital | Capital allotment shares | |
| 2025-04-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-11 | SH01 | capital | Capital allotment shares | |
| 2025-04-11 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-11 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-06 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-02-06 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-02-06 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-01-07 | AA | accounts | Accounts with accounts type group | |
| 2024-08-24 | SH08 | capital | Capital name of class of shares | |
| 2024-08-22 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-08-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-01 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 4
- Officers appointed
- 2
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-13%
£54,919,000 £47,806,000
-
Cash
+509,500%
£2,000 £10,192,000
-
Net assets
0%
£2,846,000 £2,845,000
-
Employees
-14.7%
754 643
-
Operating profit
+49.9%
-£14,718,000 -£7,368,000
-
Profit before tax
+47.6%
-£14,677,000 -£7,685,000
-
Wages
-10%
£27,241,000 £24,524,000
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