CADRAN SERVICES LIMITED
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-09-30
Confirmation statement due
2026-10-14 (in 5mo)
Last made up 2025-09-30
Watchouts
None on the register
Cash
£634K
+318.2% vs 2024
Net assets
£4M
+6.3% vs 2024
Employees
152
+2.7% highest in 5 filed years
Profit before tax
£345K
+289.7% first positive since 2024
Net assets
8-year trend · vs Consumer Discretionary median
Accounts
8-year trend · latest reflected 2025-09-30
| Metric | Trend | 2019-10-01 | 2020-09-30 | 2020-10-01 | 2021-09-30 | 2022-09-30 | 2023-10-01 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £10,943,008 | £14,228,548 | — | £16,070,964 | £18,177,351 | |
| Operating profit | — | — | — | £948,376 | £1,151,329 | — | -£144,087 | £357,120 | |
| Profit before tax | — | — | — | £968,784 | £1,157,246 | — | -£181,696 | £344,613 | |
| Net profit | — | £1,342,272 | — | £765,380 | £1,259,564 | — | -£120,957 | £228,400 | |
| Cash | — | £1,280,826 | — | £51,745 | £1,031,697 | — | £151,702 | £634,355 | |
| Total assets less current liabilities | — | £1,830,443 | — | £2,385,446 | £4,347,403 | — | £3,636,064 | £3,864,464 | |
| Net assets | — | — | — | £2,385,446 | £4,347,403 | — | £3,636,064 | £3,864,464 | |
| Equity | £1,389,877 | £1,830,443 | £1,830,443 | £2,385,446 | £4,347,403 | £3,757,021 | £3,636,064 | £3,864,464 | |
| Average employees | — | 87 | — | 107 | 116 | — | 148 | 152 | |
| Wages | — | — | — | £4,654,479 | £6,231,729 | — | £8,106,131 | £8,615,311 |
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 | 2019-10-01 | 2020-09-30 | 2020-10-01 | 2021-09-30 | 2022-09-30 | 2023-10-01 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 8.7% | 8.1% | — | -0.9% | 2.0% | |
| Net margin | — | — | — | 7.0% | 8.9% | — | -0.8% | 1.3% | |
| Return on capital employed | — | — | — | 39.8% | 26.5% | — | -4.0% | 9.2% | |
| Current ratio | — | — | — | — | — | — | 1.36x | 1.21x | |
| Interest cover | — | — | — | 56.88x | 658.66x | — | -3.71x | 17.78x |
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
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The accounts are prepared on a going concern basis, reflecting the Company's and its investors' commitment to continuing to provide and enhance services to its clients in what continues to be a core, progressive sector. The group's term loan bank debt of £3.15m matures on 12th December 2026, and the Company has entered into provisional conversations regarding extension thereof, which the Bank has responded to favourably. Additionally, the Company has received a renewed Letter of Support from NorthEdge Capital.”
Group structure
- CADRAN SERVICES LIMITED · parent
- ICP Worldwide, Inc. 100%
- Cadran Services B.V. 100%
- Cadran ICP (Hong Kong) Limited 100%
- Cadran ICP Shanghai Co. Ltd 100%
- Cadran ICP (India) Private Limited 100%
- Cadran ICP Mexico SA DE CV 100%
- Team 6ix Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRAKAL, Christopher Harris | Director | 2021-04-12 | Jul 1966 | American |
| WILSON, Arthur Thomas Ralph | Director | 2022-03-14 | Jul 1965 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BYFORD, Philip John | Secretary | 1993-05-04 | 2000-02-21 |
| JOHNSTON, Andrew Christopher Scott | Secretary | 2000-02-21 | 2020-03-31 |
| SMITH, Margaret Anne | Secretary | 1991-12-31 | 1993-05-04 |
| HANDLEY, David Paul | Director | 2020-04-06 | 2021-12-13 |
| JOHNSTON, Andrew Christopher Scott | Director | 2011-11-01 | 2020-03-31 |
| LEBON, Victor | Director | 2021-12-13 | 2022-08-31 |
| MICKEL, Vikki Louise | Director | 2021-08-06 | 2021-12-01 |
| SMITH, Adrian | Director | 1994-09-01 | 2021-12-13 |
| SMITH, Margaret Anne | Director | — | 2021-12-13 |
| STUART, John Raymond Charles | Director | 2009-11-02 | 2020-10-31 |
| TAYLOR, David John | Director | — | 1991-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Project Star Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-13 | Active |
| Mrs Margaret Anne Smith | Individual | Shares 25–50% | 2016-04-06 | Ceased 2021-12-13 |
| Mr Adrian Smith | Individual | Shares 25–50% | 2016-04-06 | Ceased 2021-12-13 |
Filing timeline
Last 20 of 168 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-26 | AA | accounts | Accounts with accounts type full | |
| 2025-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-30 | AA | accounts | Accounts with accounts type full | |
| 2025-02-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-17 | CH01 | officers | Change person director company with change date | |
| 2024-07-13 | AA | accounts | Accounts with accounts type full | |
| 2023-11-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-26 | AA | accounts | Accounts with accounts type full | |
| 2022-09-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-28 | AA | accounts | Accounts with accounts type group | |
| 2022-05-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-05-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-04-06 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- 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
FY2024 → FY2025 · period ending 2025-09-30 vs 2024-09-30
-
Turnover
+13.1%
£16,070,964 £18,177,351
highest in 4 filed years
-
Cash
+318.2%
£151,702 £634,355
-
Net assets
+6.3%
£3,636,064 £3,864,464
-
Employees
+2.7%
148 152
highest in 5 filed years
-
Operating profit
+347.9%
-£144,087 £357,120
first positive since 2024
-
Profit before tax
+289.7%
-£181,696 £344,613
first positive since 2024
-
Wages
+6.3%
£8,106,131 £8,615,311
highest in 4 filed years
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