KELLEX LIMITED

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

David Howard

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “During the financial year ended 28 February 2025, the business experienced the continued influence of external market factors, including fluctuations in the UK housing market and adjustments to immigration policies in key destination countries.”
• “The company continued to invest in digital transformation initiatives, including the rollout of new operational and sales support portals to improve efficiency and customer service.”
• “International migration levels remained historically high, sustaining demand for relocation services, while housing transactions in the UK showed signs of recovery in the second half of the year.”
• “The company's turnover decreased by 3.88% compared to the prior year, which reflected lower average customer spend in financial Q1. This decrease in Q1 also had a slight impact on the gross profit margin.”
• “Trade debtors were reduced by 45% in the 2024 accounts, and we are pleased to report that this positive trend continued in 2025 with a further 32% reduction compared to the previous year. Trade creditors in 2025 was marginally higher from the previous year, however trade creditors and other payables was reduced by 19% from the previous year. Both positive indicators of strengthened financial controls and working capital management.”

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

Filings

7

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -3.9%

  £15,269,598 → £14,676,822

• Cash

  +4.7%

  £7,864,014 → £8,231,948

  highest in 3 filed years

• Net assets

  +13.4%

  £5,696,034 → £6,462,046

  highest in 3 filed years

• Employees

  -17.4%

  69 → 57

• Operating profit

  -44.2%

  £2,041,325 → £1,139,495

• Profit before tax

  -41.8%

  £2,153,462 → £1,254,350

• Wages

  +3.7%

  £2,271,791 → £2,355,244

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