NAVOLIO LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-05-11.

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Kreston Reeves Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As discussed in the going concern accounting policy, the Directors consider that the company remains a going concern. Financial projections and scenario analysis looking forward for a period of at least 12 months from the date of signing of these financial statements have been prepared by management and demonstrate that the company is expected to have sufficient cash to enable it to meet its liabilities as they become due.”

Group structure

1. NAVOLIO LIMITED · parent
   1. Off to Work Ltd 100% · United Kingdom · Dormant name protection company
   2. Off to Work (Ireland) Limited 100% · Ireland · Temporary employment agency activities
   3. SAS Off to Work 100% · France · Temporary employment agency activities

Significant events

• “The consistent higher-than-historic levels of inflation in supply chains, and further UK tax burden, has had a negative effect on demand. This has been countered by the average transaction value increasing with the increases in minimum wage and the knock-on effect throughout the labour market in our sector. The much larger increases in costs which were announced in the autumn budget in 2024 have now fed through fully into the sector and have now been adjusted to by our clients.”
• “The recruitment sector is competitive and as such the company continues to face competitor risk in the markets where we operate. There are current signs of distress in the market with competitors, who have been operating at low levels of gross profit, now exiting the market. This offers opportunities for growth moving ahead. There continues to be a rise in internal recruiters within our client sector increasing competition.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -10.1%

  £22,050,914 → £19,815,211

• Cash

  -19.2%

  £71,828 → £58,015

• Net assets

  -22.9%

  £1,277,967 → £984,823

• Employees

  -12.2%

  1,143 → 1,003

• Operating profit

  -67.8%

  £656,639 → £211,332

• Profit before tax

  -72.9%

  £606,653 → £164,609

• Wages

  -9.4%

  £18,220,328 → £16,507,278

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