OPENWORK SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-27 (this month)
Last made up 2025-05-13
Watchouts
None on the register
Cash
£11K
+10% vs 2023
Net assets
£21M
-13.4% vs 2023
Employees
604
-7.2% vs 2023
Profit before tax
-£2M
+38.1% vs 2023
Name history
Renamed 6 times since incorporation
- OPENWORK SERVICES LIMITED 2005-04-29 → present
- THE ZFN MANAGEMENT COMPANY LIMTED 2001-09-03 → 2005-04-29
- THE FRANCHISE NETWORK MANAGEMENT COMPANY LIMITED 2000-04-17 → 2001-09-03
- PROFESSIONAL SERVICES (LIFE & PENSIONS) LIMITED 1999-01-04 → 2000-04-17
- ZURICH FINANCIAL SERVICES UK LIFE LIMITED 1998-11-17 → 1999-01-04
- ZURICH FINANCIAL SERVICES (UK) LIFE LIMITED 1998-09-08 → 1998-11-17
- PACELIST LIMITED 1998-05-13 → 1998-09-08
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £130,973,000 | £134,673,000 | |
| Operating profit | £39,000 | £667,000 | |
| Profit before tax | -£2,516,000 | -£1,558,000 | |
| Net profit | -£3,094,000 | -£4,935,000 | |
| Cash | £10,000 | £11,000 | |
| Total assets less current liabilities | £28,047,000 | £23,984,000 | |
| Net assets | £24,829,000 | £21,495,000 | |
| Equity | £24,829,000 | £21,495,000 | |
| Average employees | 651 | 604 | |
| Wages | £41,843,000 | £45,326,000 |
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 | 0.0% | 0.5% | |
| Net margin | -2.4% | -3.7% | |
| Return on capital employed | 0.1% | 2.8% | |
| Gearing (liabilities / total assets) | 67.5% | 71.5% | |
| Current ratio | 0.42x | 0.48x | |
| Interest cover | 0.01x | 0.22x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have performed an assessment of the Company's forecasts and projections, which take account of possible changes in trading performance and downside scenarios. Based on this assessment, the Directors have a reasonable expectation that the Company will be able to continue in operation and meet its liabilities as they fall due over the immediate 12-month period from the date of signing this report.”
Significant events
- “On 27 May 2025, the Openwork Partnership LLP announced the completion of the transaction under which Bain Capital has taken a minority shareholding in Openwork Holdings Limited (the parent company of the Company).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 61 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MANDRYKO, Erica | Secretary | 2026-04-11 | — | — |
| BARKER, Robin Matthew | Director | 2025-10-29 | Aug 1972 | Italian |
| MATHIAS, Jennifer Elizabeth | Director | 2025-05-21 | Jul 1974 | British |
| MORRIS, Karen Juliet | Director | 2018-11-13 | Jul 1970 | British |
Show 61 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GIBBON, Margaret Elizabeth | Secretary | 2000-04-17 | 2003-08-19 |
| HALE, Isla Rebecca | Secretary | 2005-04-21 | 2005-05-24 |
| LOWE, Nigel | Secretary | 2005-05-24 | 2006-04-12 |
| OLISA HOLDING, Lily | Secretary | 2003-08-19 | 2005-04-21 |
| ROGERS, Helen Frances Leigh | Secretary | 2006-04-12 | 2007-11-01 |
| WILTSHIRE, James Anthony | Secretary | 1998-06-08 | 1999-05-31 |
| WOODWARD, Derek Richard | Secretary | 1999-05-31 | 2000-04-17 |
| QUAYSECO LIMITED | Corporate Secretary | 2007-11-01 | 2026-04-10 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1998-05-13 | 1998-06-08 |
| AVERY, Kate | Director | 2009-07-08 | 2013-12-31 |
| BAILEY, Caroline | Director | 2005-04-21 | 2009-04-06 |
| BALDWIN, Keith Reginald | Director | 2000-04-17 | 2003-08-31 |
| BALDWIN, Keith Reginald | Director | 1998-09-08 | 1999-10-15 |
| BRUNT, Simon Rogerson | Director | 2005-04-21 | 2011-09-30 |
| BUCKINGHAM, Stuart | Director | 2016-05-02 | 2017-03-24 |
| BULLIMORE, James Edward | Director | 2000-04-17 | 2005-04-21 |
| BURNE, Michael James | Director | 2009-04-06 | 2009-07-09 |
| CAMPBELL, Peter Charles | Director | 1998-09-08 | 1999-10-15 |
| CARBY, Keith Arthur | Director | 2009-04-06 | 2009-07-09 |
| CARRIE, David Ross | Director | 1998-09-08 | 1999-10-15 |
| CHIDWICK, Kevin David | Director | 2018-09-11 | 2020-02-01 |
| CLEE, Stuart John | Director | 2016-05-20 | 2018-04-09 |
| CLIFFORD, Simon John | Director | 2011-09-30 | 2014-12-05 |
| DAVIES, Mark Derek | Director | 2000-04-17 | 2003-09-11 |
| DAVIS, Martin Michael Arthur | Director | 2009-07-29 | 2011-06-15 |
| DEIGHTON, Shayne Paul | Director | 1998-09-08 | 1999-10-15 |
| DUCKWORTH, Mark | Director | 2015-06-05 | 2020-02-28 |
| ELLEN, Peter John | Director | 2008-03-27 | 2009-04-06 |
| FERNS, Michael Andrew | Director | 2000-04-17 | 2005-04-21 |
| GRAYBURN, Jeremy Ward | Director | 1998-09-08 | 1999-10-15 |
| HODKINSON, Phil Andrew | Director | 1998-09-08 | 1999-10-15 |
| HOPPER, Jon | Director | 2005-04-21 | 2007-10-18 |
| HOTSON, Grant Thomas | Director | 2023-02-27 | 2024-09-13 |
| HOUGHTON, Richard David | Director | 2020-07-10 | 2024-11-11 |
| HOWE, Peter Charles | Director | 2003-08-19 | 2004-07-29 |
| HOWELL, Alan James | Director | 1998-06-08 | 1998-09-08 |
| HOWELL, Philip Luard | Director | 2020-03-09 | 2023-01-06 |
| HUMPHRIES, Andrew Ralph | Director | 2000-04-17 | 2000-10-11 |
| JERRARD, Vincent John | Director | 1998-09-08 | 1999-10-15 |
| KENMIR, Anthony Paul | Director | 2005-04-21 | 2006-05-01 |
| KNOWLTON, Mark | Director | 2019-10-04 | 2021-09-30 |
| MASTERTON, Graham Bruce | Director | 2015-03-17 | 2016-01-13 |
| MCINTYRE, Mary-Anne | Director | 2010-11-17 | 2015-03-17 |
| MEERE, Frank | Director | 2021-10-13 | 2025-07-02 |
| MEYER, Antoine James Philippe Michel | Director | 1998-09-08 | 1999-10-15 |
| MILNER, Neil | Director | 2016-05-26 | 2018-12-31 |
| NAGEL, Marcus | Director | 2014-07-31 | 2016-05-19 |
| NAGEL, Marcus | Director | 2009-07-08 | 2012-02-27 |
| OLISA HOLDING, Lily | Director | 2004-07-29 | 2005-04-21 |
| REID, Grenville | Director | 1999-10-11 | 2000-04-17 |
| SEVIOUR, David Alan | Director | 2000-04-17 | 2003-05-12 |
| SIMS, David Perrott | Director | 1998-09-08 | 1999-10-15 |
| SMITH, Philip | Director | 1998-09-08 | 1998-10-12 |
| SUTTON, Penelope Ruth | Director | 1999-10-11 | 2000-04-17 |
| TORRANCE, Robert William | Director | 1998-06-08 | 1998-09-08 |
| WILLIAMS, Gary John Stephen | Director | 2012-02-27 | 2014-07-31 |
| WILTSHIRE, James Anthony | Director | 1998-06-08 | 1999-05-31 |
| WOODWARD, Derek Richard | Director | 1999-10-11 | 2000-04-17 |
| WORTHY, Judith | Director | 2017-09-12 | 2018-01-12 |
| WORTHY, Judith Margaret Ann | Director | 2016-01-05 | 2016-05-01 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1998-05-13 | 1998-06-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Openwork Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 253 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-11 RESOLUTIONS Resolution
- 2025-06-11 MA Memorandum articles
- 2025-04-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | AD02 | address | Change sail address company with old address new address | |
| 2026-04-15 | AD02 | address | Change sail address company with old address new address | |
| 2026-04-13 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-04-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-30 | AA | accounts | Accounts with accounts type full | |
| 2025-10-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-11 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-11 | MA | incorporation | Memorandum articles | |
| 2025-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-07 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-04-07 | SH20 | capital | Legacy | |
| 2025-04-07 | CAP-SS | insolvency | Legacy | |
| 2025-04-07 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-25 | AA | accounts | Accounts with accounts type full | |
| 2024-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 2
- Officers appointed
- 3
- Officers resigned
- 2
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
+2.8%
£130,973,000 £134,673,000
-
Cash
+10%
£10,000 £11,000
-
Net assets
-13.4%
£24,829,000 £21,495,000
-
Employees
-7.2%
651 604
-
Operating profit
+1,610.3%
£39,000 £667,000
-
Profit before tax
+38.1%
-£2,516,000 -£1,558,000
-
Wages
+8.3%
£41,843,000 £45,326,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers