XCHANGING UK LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-15 (in 3mo)
Last made up 2025-08-01
Watchouts
None on the register
Cash
£9M
-9.4% vs 2024
Net assets
£72M
-8% vs 2024
Employees
0
Average over period
Profit before tax
£10M
-25.4% vs 2024
Name history
Renamed 3 times since incorporation
- XCHANGING UK LIMITED 2006-06-27 → present
- XCHANGING LIMITED 2000-12-27 → 2006-06-27
- INFREX LIMITED 1998-10-26 → 2000-12-27
- HEXAGON 219 LIMITED 1998-08-17 → 1998-10-26
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £8,122,000 | £8,214,000 | |
| Operating profit | £4,334,000 | £5,045,000 | |
| Profit before tax | £13,738,000 | £10,254,000 | |
| Net profit | £13,553,000 | £10,693,000 | |
| Cash | £10,133,000 | £9,185,000 | |
| Total assets less current liabilities | £77,697,000 | £71,500,000 | |
| Net assets | £77,697,000 | £71,500,000 | |
| Equity | £77,697,000 | £71,500,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 53.4% | 61.4% | |
| Net margin | 166.9% | 130.2% | |
| Return on capital employed | 5.6% | 7.1% | |
| Gearing (liabilities / total assets) | 47.4% | 2.2% | |
| Current ratio | 1.39x | 14.00x | |
| Interest cover | 3.48x | 85.51x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is profit making and reports net assets. Confirmation have been obtained from the ultimate Parent Company that it will continue to provide financial support to enable the Company to meet its financial obligations for the foreseeable future, for a period of at least thirteen months from the date the financial statements are authorised for issue. Accordingly, the Directors continue to adopt the going concern basis in preparing the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRABIN, Lawrence Michael | Director | 2024-06-24 | Apr 1967 | British |
| WOODFINE, Michael Charles | Director | 2016-05-23 | Dec 1971 | British |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FUSSELL, Christopher Mark | Secretary | 2015-01-21 | 2016-04-29 |
| WHITAKER, Gary Neville | Secretary | 2002-09-18 | 2015-01-21 |
| HEXAGON REGISTRARS LIMITED | Corporate Secretary | 1998-08-17 | 2002-09-18 |
| ANDREWS, David William | Director | 1998-10-26 | 2011-03-07 |
| BAUERNFEIND, David Gregory | Director | 2011-07-01 | 2016-05-23 |
| BESTER, Andrew John Milton | Director | 2002-09-18 | 2003-10-10 |
| BRAMLEY, Thomas John | Director | 1999-02-11 | 2008-05-22 |
| BRENNINKMEIJER, Stephanus Rupprecht Maria | Director | 1999-10-06 | 2008-05-22 |
| BROWNE, Adele Theresa | Director | 2003-12-17 | 2008-12-31 |
| CLINE, James Michael | Director | 1999-02-11 | 2000-07-25 |
| DENNING, Steven Aaron | Director | 1999-02-11 | 2000-07-25 |
| EALES, Hugo Martin | Director | 2022-01-21 | 2024-07-25 |
| FISHER, Darren Michael | Director | 2009-11-16 | 2011-07-01 |
| GOUGH, Tina Anne | Director | 2017-06-09 | 2020-04-07 |
| GRAY, David William Hart | Director | 2017-01-23 | 2017-04-07 |
| HALBARD, Christopher Neal | Director | 2020-04-07 | 2022-01-21 |
| HODGSON, David Charles, Mr. | Director | 2000-07-25 | 2008-05-22 |
| HOUGHTON, Richard Alexander | Director | 2003-12-17 | 2010-10-14 |
| JANSSEN, Friedrich Carl | Director | 2005-02-25 | 2008-04-04 |
| LEVER, Kenneth | Director | 2010-10-14 | 2015-12-31 |
| LORIA, Giovanni | Director | 2016-07-18 | 2017-01-23 |
| MAJED, Maruf Ahmad | Director | 2018-03-31 | 2020-02-26 |
| MARET, Johannes Josef | Director | 2003-07-22 | 2011-08-31 |
| MILLARD, Dennis Henry | Director | 2005-09-01 | 2008-05-22 |
| PICKETT, Mark Jeremy | Director | 2016-05-23 | 2016-06-24 |
| RICH, Nigel Mervyn Sutherland | Director | 2006-09-02 | 2008-05-22 |
| ROBINS, John Vernon Harry | Director | 1999-10-06 | 2008-05-22 |
| TINSLEY, Tom | Director | 2000-07-25 | 2008-05-22 |
| TURPIE, Steven James | Director | 2020-03-04 | 2022-07-15 |
| WILSON, Craig Alaister | Director | 2016-06-16 | 2017-01-23 |
| WILSON, Craig Alaister | Director | 2015-12-11 | 2016-05-23 |
| WILSON, Nicholas Anthony | Director | 2017-06-09 | 2018-03-31 |
| HEXAGON DIRECTORS LIMITED | Corporate Director | 1998-08-17 | 1998-10-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Xchanging Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-11-21 | Active |
Filing timeline
Last 20 of 203 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-26 | AA | accounts | Accounts with accounts type full | |
| 2025-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-09 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-09 | AA | accounts | Accounts with accounts type full | |
| 2024-08-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-29 | AA | accounts | Accounts with accounts type full | |
| 2023-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-15 | AA | accounts | Accounts with accounts type full | |
| 2022-08-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-04-11 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2022-01-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-28 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-24 | AA | accounts | Accounts with accounts type full | |
| 2021-08-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-04-28 | CH01 | officers | Change person director company with change date | |
| 2021-03-31 | CH01 | officers | Change person director company with change date |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+1.1%
£8,122,000 £8,214,000
-
Cash
-9.4%
£10,133,000 £9,185,000
-
Net assets
-8%
£77,697,000 £71,500,000
-
Employees
—
Not reported
-
Operating profit
+16.4%
£4,334,000 £5,045,000
-
Profit before tax
-25.4%
£13,738,000 £10,254,000
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