CULLEN WEALTH LIMITED
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Next accounts due
2027-02-28 (in 9mo)
Last filed for 2025-05-31
Confirmation statement due
2026-12-27 (in 7mo)
Last made up 2025-12-13
Watchouts
None on the register
Cash
£2M
-8.8% vs 2024
Net assets
£1M
-25.6% lowest in 6 filed years
Employees
76
-2.6% vs 2024
Profit before tax
£2M
+123.8% vs 2024
Name history
Renamed 2 times since incorporation
- CULLEN WEALTH LIMITED 2014-04-04 → present
- CULLEN FINANCIAL PLANNING LIMITED 1998-03-25 → 2014-04-04
- WORDSYSTEM LIMITED 1998-01-20 → 1998-03-25
Net assets
6-year trend · vs Financials median
Accounts
6-year trend · latest reflected 2025-05-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-05-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £9,123,706 | £11,619,109 | |
| Operating profit | — | — | — | — | £1,072,711 | £2,394,894 | |
| Profit before tax | — | — | — | — | £1,095,676 | £2,452,233 | |
| Net profit | — | — | — | — | £824,316 | £1,693,387 | |
| Cash | £2,702,115 | £2,748,316 | £2,423,786 | £1,250,271 | £1,795,397 | £1,638,170 | |
| Total assets less current liabilities | £1,530,281 | £2,137,522 | £2,549,416 | £1,436,204 | £1,694,525 | £1,258,953 | |
| Net assets | £1,519,324 | £2,113,913 | £2,172,440 | £1,409,372 | £1,681,021 | £1,250,653 | |
| Equity | £1,519,324 | £2,113,913 | £2,172,440 | £1,409,372 | £1,681,021 | £1,250,653 | |
| Average employees | 55 | 60 | 73 | 82 | 78 | 76 | |
| Wages | — | — | — | — | £4,978,927 | £5,459,829 |
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-05-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 11.8% | 20.6% | |
| Net margin | — | — | — | — | 9.0% | 14.6% | |
| Return on capital employed | — | — | — | — | 63.3% | 190.2% | |
| Current ratio | — | — | — | — | 1.64x | 1.65x |
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 (Reduced Disclosure Framework)
- Reporting scope
- Standalone (parent only)
- Auditor
- Morris & Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe the Company is well placed to manage its business risks successfully. The Company's forecasts and projections show that the Company should continue to be cash generative and be able to meet its financial obligations for a period of at least 12 months from the date of this report. Accordingly the directors have adopted the going concern basis for the preparation of these financial statements.”
Group structure
- CULLEN WEALTH LIMITED · parent
- Moneyplan Financial Services Limited 100%
Significant events
- “On 29 October 2024, Mattioli Woods Limited acquired 100% of Cullen Wealth Holdings Limited.”
- “The financial statements have been prepared for the 14 month accounting period from 1 April 2024 to 31 May 2025, following extension of the accounting reference date by 2 months to align with that of its parent group, Mattioli Woods Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARNOLD, Stuart Edward | Director | 2017-04-01 | Aug 1973 | British |
| CHAMBERS, Saira | Director | 2024-10-29 | Dec 1967 | British |
| CROSSLEY, Gary Stuart | Director | 2021-03-17 | Nov 1962 | British |
| WOODWARD, Benjamin James | Director | 2024-05-09 | Jun 1992 | British |
| WRIGHT, Michael David | Director | 2024-10-29 | Apr 1982 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CULLEN, Edward | Secretary | 1998-03-18 | 2000-03-01 |
| CULLEN, Rita | Secretary | 2000-03-01 | 2003-06-17 |
| TYLER, Andrew John | Secretary | 2003-06-17 | 2010-03-29 |
| TYLER, Joanne Elizabeth | Secretary | 2010-03-29 | 2021-02-18 |
| BRITANNIA COMPANY FORMATIONS LIMITED | Corporate Nominee Secretary | 1998-01-20 | 1998-03-18 |
| BAKER, Paul Atkin | Director | 2017-11-02 | 2021-04-30 |
| BREAKS, Paul Lindsay | Director | 2002-10-04 | 2004-05-31 |
| CROMEY, John | Director | 2002-10-04 | 2011-02-22 |
| CULLEN, Richard Edward | Director | 1998-03-18 | 2024-10-29 |
| CUNNINGHAM, Bernard | Director | 2011-04-15 | 2012-05-11 |
| HUMPHREYS, Joshua | Director | 2020-10-26 | 2023-10-09 |
| MORAN, Shaun Andrew | Director | 2005-05-03 | 2014-09-30 |
| PITTHAM, Jon | Director | 2006-09-04 | 2009-05-08 |
| ROBINSON, Karen Ann | Director | 2007-04-01 | 2024-10-29 |
| SCOTT, Sarah | Director | 2016-03-01 | 2017-02-01 |
| TARA, Ravi Singh | Director | 2024-10-29 | 2026-03-23 |
| TYLER, Andrew John | Director | 2002-10-01 | 2020-03-31 |
| DEANSGATE COMPANY FORMATIONS LIMITED | Corporate Nominee Director | 1998-01-20 | 1998-03-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cullen Wealth Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-02-18 | Active |
| Mr Richard Edward Cullen | Individual | Shares 25–50% | 2016-04-06 | Ceased 2021-02-18 |
Filing timeline
Last 20 of 145 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-20 MA Memorandum articles
- 2024-11-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-11 | AA | accounts | Accounts with accounts type full | |
| 2026-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-01 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-20 | MA | incorporation | Memorandum articles | |
| 2024-11-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-10 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-05-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-28 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-03-17 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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 2025-05-31 vs 2024-03-31
-
Turnover
+27.4%
£9,123,706 £11,619,109
-
Cash
-8.8%
£1,795,397 £1,638,170
-
Net assets
-25.6%
£1,681,021 £1,250,653
lowest in 6 filed years
-
Employees
-2.6%
78 76
-
Operating profit
+123.3%
£1,072,711 £2,394,894
-
Profit before tax
+123.8%
£1,095,676 £2,452,233
-
Wages
+9.7%
£4,978,927 £5,459,829
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