UTILIZE PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-15 (in 4mo)
Last made up 2025-09-01
Watchouts
None on the register
Cash
£2M
+62.5% vs 2023
Net assets
£3M
+11.7% vs 2023
Employees
139
+2.2% vs 2023
Profit before tax
£416K
-51.4% vs 2023
Name history
Renamed 1 time since incorporation
- UTILIZE PLC 2003-12-08 → present
- UTILIZE LIMITED 1997-07-18 → 2003-12-08
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £20,250,552 | £20,941,099 | |
| Operating profit | £620,754 | £418,251 | |
| Profit before tax | £856,498 | £416,166 | |
| Net profit | £504,293 | £288,714 | |
| Cash | £1,258,258 | £2,044,080 | |
| Total assets less current liabilities | £4,131,411 | £4,368,095 | |
| Net assets | £2,476,790 | £2,765,504 | |
| Equity | £2,476,790 | £2,765,504 | |
| Average employees | 136 | 139 | |
| Wages | £7,123,756 | £7,806,315 |
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 | 3.1% | 2.0% | |
| Net margin | 2.5% | 1.4% | |
| Return on capital employed | 15.0% | 9.6% | |
| Gearing (liabilities / total assets) | 59.8% | 58.1% | |
| Current ratio | 2.07x | 2.14x | |
| Interest cover | 20.79x | 26.46x |
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
- Pocknells Audit 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 entity'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
- “On 31 January 2025, Utilize Plc acquired 100% of the share capital of Access Information Security Limited (AIS) (company registered number 04753219) for consideration of £2,001,112. AIS's net assets acquired included £1,194,360 of cash. On 1 June 2025 the company's trade was transferred into Utilize Plc.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, Warren Stephen Colin | Secretary | 2019-07-01 | — | — |
| COATES, Damian | Director | 2012-07-02 | Oct 1968 | English |
| DAVIES, Colin Ian | Director | 2003-08-19 | Jul 1944 | English |
| DAVIES, Warren Stephen Colin | Director | 1997-07-28 | Feb 1970 | British |
| HOCKING, Guy Robert | Director | 2009-09-23 | Feb 1983 | British |
| PORTLOCK, Andrew | Director | 2017-11-01 | Nov 1983 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Carol Ann | Secretary | 1997-11-28 | 2003-08-19 |
| DAVIES, Colin Ian | Secretary | 2003-08-19 | 2019-07-01 |
| KERR, Christine Margaret | Secretary | 1997-07-18 | 1997-11-28 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1997-07-18 | 1997-07-18 |
| ATKINS, Steven Ronald | Director | 2006-09-19 | 2014-09-01 |
| COX, Steven Jon | Director | 2004-06-08 | 2009-08-17 |
| DAVIES, Carol Ann | Director | 1997-11-28 | 2004-04-01 |
| DRAPER, Clare Celia | Director | 1997-07-18 | 1997-11-28 |
| SALISBURY, Craig Robert | Director | 1999-05-18 | 2002-08-29 |
| SORRELL, Martin Robert | Director | 2000-05-01 | 2013-10-01 |
| WOODHOUSE, Paul Anthony | Director | 1999-01-01 | 2000-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Warren Stephen Colin Davies | Individual | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 148 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-20 RESOLUTIONS Resolution
- 2024-01-20 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-01 | AA | accounts | Accounts with accounts type full | |
| 2024-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-01 | AA | accounts | Accounts with accounts type full | |
| 2024-01-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-20 | MA | incorporation | Memorandum articles | |
| 2023-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-06-21 | AA01 | accounts | Change account reference date company previous extended | |
| 2022-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-07 | CH01 | officers | Change person director company with change date | |
| 2022-09-07 | CH01 | officers | Change person director company with change date | |
| 2022-08-18 | AA | accounts | Accounts with accounts type full | |
| 2022-06-28 | CH01 | officers | Change person director company with change date | |
| 2022-06-24 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-06-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-11 | AA | accounts | Accounts with accounts type full | |
| 2020-09-29 | AA | accounts | Accounts with accounts type full | |
| 2020-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
+3.4%
£20,250,552 £20,941,099
-
Cash
+62.5%
£1,258,258 £2,044,080
-
Net assets
+11.7%
£2,476,790 £2,765,504
-
Employees
+2.2%
136 139
-
Operating profit
-32.6%
£620,754 £418,251
-
Profit before tax
-51.4%
£856,498 £416,166
-
Wages
+9.6%
£7,123,756 £7,806,315
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