ADDISON PROJECT PLC
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Next accounts due
2026-08-31 (in 3mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-13 (in 11mo)
Last made up 2026-03-30
Watchouts
Cash
£5M
+52.6% vs 2023
Net assets
£9M
+15.7% vs 2023
Employees
65
+32.7% vs 2023
Profit before tax
£2M
+33.7% 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.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £15,976,590 | £18,606,533 | |
| Operating profit | — | — | — | — | — | £1,141,136 | £1,477,907 | |
| Profit before tax | — | — | — | — | — | £1,239,498 | £1,657,490 | |
| Net profit | — | — | — | — | — | £1,006,828 | £1,222,457 | |
| Cash | — | — | — | — | — | £3,547,663 | £5,412,018 | |
| Total assets less current liabilities | — | — | — | — | — | £8,384,098 | £9,601,274 | |
| Net assets | — | — | — | — | — | £7,784,244 | £9,006,701 | |
| Equity | £5,854,152 | £6,505,036 | £4,967,235 | £5,410,281 | £6,777,416 | £7,784,244 | £9,006,701 | |
| Average employees | — | — | — | — | — | 49 | 65 | |
| Wages | — | — | — | — | — | £2,435,221 | £3,190,728 |
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 7.1% | 7.9% | |
| Net margin | — | — | — | — | — | 6.3% | 6.6% | |
| Return on capital employed | — | — | — | — | — | 13.6% | 15.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 49.2% | 48.3% | |
| Current ratio | — | — | — | — | — | 1.84x | 1.91x | |
| Interest cover | — | — | — | — | — | 689.09x | 2847.61x |
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
- Ashworth Treasure Limited
- 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
- “Very recently in April 2025, a day which US President Donald Trump called 'Liberation Day', the business outlook ahead suffered a major confidence blow, resulting from newly emerged global tariffs.”
- “On 28 March 2025, ownership of the company's share capital changed from Marcus Addison to Addison Group Holdings Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADDISON, Marcus Alan | Secretary | 1997-01-09 | — | British |
| ADDISON, Marcus Alan | Director | 1997-01-09 | Nov 1973 | British |
| CLARK, Cyril | Director | 2026-02-01 | Mar 1981 | British |
| HERON, Lee | Director | 2026-02-01 | Aug 1980 | British |
| ADDISON SERVICE COMPANY LIMITED | Corporate Director | 2014-07-07 | — | — |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1997-01-09 | 1997-01-09 |
| ADDISON, Alan Wulstan | Director | 1997-01-09 | 2014-04-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Addison Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2025-03-21 | Active |
| Mr Marcus Alan Addison | Individual | Shares 75–100%, Voting 75–100%, Appoints directors, right-to-appoint-and-remove-directors-as-trust, right-to-appoint-and-remove-directors-as-firm | 2020-11-13 | Ceased 2025-03-21 |
| Mr Alan Wulstan Addison | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-11-13 |
Filing timeline
Last 20 of 88 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-02-24 | AA01 | accounts | Change account reference date company previous shortened | |
| 2026-02-18 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-26 | AA | accounts | Accounts with accounts type full | |
| 2025-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-21 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-06-27 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-28 | CH01 | officers | Change person director company with change date | |
| 2023-11-28 | CH03 | officers | Change person secretary company with change date | |
| 2023-06-28 | AA | accounts | Accounts with accounts type full | |
| 2023-03-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-24 | AA | accounts | Accounts with accounts type full | |
| 2021-01-13 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+16.5%
£15,976,590 £18,606,533
-
Cash
+52.6%
£3,547,663 £5,412,018
-
Net assets
+15.7%
£7,784,244 £9,006,701
-
Employees
+32.7%
49 65
-
Operating profit
+29.5%
£1,141,136 £1,477,907
-
Profit before tax
+33.7%
£1,239,498 £1,657,490
-
Wages
+31%
£2,435,221 £3,190,728
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