KENNET EQUIPMENT LEASING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-29 (in 7mo)
Last made up 2025-12-15
Watchouts
Cash
£3M
+4.3% vs 2023
Net assets
£24M
-6.5% vs 2023
Employees
107
-2.7% vs 2023
Profit before tax
£2M
+1,460.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- KENNET EQUIPMENT LEASING LIMITED 2002-12-13 → present
- KENNET CORPORATE SERVICES LIMITED 1990-12-20 → 2002-12-13
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £12,352,000 | £13,596,000 | |
| Operating profit | £1,283,000 | £3,520,000 | |
| Profit before tax | -£167,000 | £2,272,000 | |
| Net profit | -£177,000 | £1,742,000 | |
| Cash | £2,915,000 | £3,039,000 | |
| Total assets less current liabilities | £52,677,000 | £43,104,000 | |
| Net assets | £25,314,000 | £23,656,000 | |
| Equity | £25,314,000 | £23,656,000 | |
| Average employees | 110 | 107 | |
| Wages | £5,191,000 | £4,883,000 |
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 | 10.4% | 25.9% | |
| Net margin | -1.4% | 12.8% | |
| Return on capital employed | 2.4% | 8.2% | |
| Current ratio | 3.12x | 2.91x | |
| Interest cover | 0.84x | 2.61x |
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
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On this basis, the directors continue to adopt the going concern basis in preparing Kennet's 2024 financial statements.”
Significant events
- “The judgement by the Court of Appeal in October 2024 that motor dealers owe a fiduciary duty to the customer when arranging finance, and that it is unlawful for motor dealers to receive commission from lenders providing motor finance without disclosing the commission to the customer and obtaining their consent to that payment, may affect Kennet.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAINTY, Timothy Lawrence | Secretary | 2014-07-31 | — | British |
| DEVOY, Sean Michael, Mr. | Director | 2015-01-01 | Feb 1967 | British |
| SWIFT, Stephen | Director | 1992-01-20 | Dec 1964 | British |
| TAINTY, Timothy Lawrence | Director | 2011-01-01 | Mar 1962 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HURFORD, Peter Alister Charles | Secretary | — | 1992-01-20 |
| SWIFT, Maria Joy | Secretary | 1993-07-30 | 2014-07-31 |
| SWIFT, Stephen | Secretary | 1992-01-20 | 1993-07-30 |
| BURSON, Keith Trevor | Director | 1995-01-21 | 1995-12-15 |
| DEVENNEY, Anthony | Director | 1999-03-22 | 2021-11-26 |
| GOUGH, Paul | Director | 2014-07-31 | 2020-11-30 |
| HIGGINBOTHAM, James | Director | 2020-11-30 | 2024-04-30 |
| HURFORD, Peter Alister Charles | Director | — | 1992-01-20 |
| LAMB, Adrian Christopher | Director | 2012-01-16 | 2021-02-28 |
| MOSS, Robert William Arthur | Director | — | 1993-06-01 |
| SUCKLEY, Mark Stuart | Director | 1999-03-22 | 2021-02-28 |
| SWIFT, Maria Joy | Director | 1999-03-22 | 2014-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Marie-Louise Mallin | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2025-04-16 |
| Mr Anthony Granville Mallin | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 170 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-19 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-19 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-19 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-06-12 | AA | accounts | Accounts with accounts type full | |
| 2024-12-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-24 | AA | accounts | Accounts with accounts type full | |
| 2024-05-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2022-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-07-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-07-05 | AA | accounts | Accounts with accounts type group | |
| 2022-06-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-06-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-26 | TM01 | officers | Termination director company with name termination date | |
| 2021-06-03 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+10.1%
£12,352,000 £13,596,000
-
Cash
+4.3%
£2,915,000 £3,039,000
-
Net assets
-6.5%
£25,314,000 £23,656,000
-
Employees
-2.7%
110 107
-
Operating profit
+174.4%
£1,283,000 £3,520,000
-
Profit before tax
+1,460.5%
-£167,000 £2,272,000
-
Wages
-5.9%
£5,191,000 £4,883,000
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