NEXUS WORKFORCE LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-08 (in 9mo)
Last made up 2026-01-25
Watchouts
None on the register
Cash
£610K
-37.5% vs 2023
Net assets
£3M
-26.3% vs 2023
Employees
118
-7.8% vs 2023
Profit before tax
£3M
+376.1% vs 2023
Name history
Renamed 1 time since incorporation
- NEXUS WORKFORCE LTD 2017-05-18 → present
- N M S PROJECTS LIMITED 2000-05-03 → 2017-05-18
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-29
Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2024-12-29.
| Metric | Trend | 2023-12-31 | 2024-12-29 |
|---|---|---|---|
| Turnover | £111,325,000 | £133,624,000 | |
| Operating profit | £1,500,000 | £4,192,000 | |
| Profit before tax | £716,000 | £3,409,000 | |
| Net profit | £687,000 | £2,400,000 | |
| Cash | £976,000 | £610,000 | |
| Total assets less current liabilities | £5,714,000 | £5,341,000 | |
| Net assets | £4,338,000 | £3,198,000 | |
| Equity | £4,338,000 | £3,198,000 | |
| Average employees | 128 | 118 | |
| Wages | £104,213,000 | £123,699,000 |
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 | 2024-12-29 |
|---|---|---|---|
| Operating margin | 1.3% | 3.1% | |
| Net margin | 0.6% | 1.8% | |
| Return on capital employed | 26.3% | 78.5% | |
| Current ratio | 1.17x | 1.09x | |
| Interest cover | 1.91x | 5.35x |
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
- Armstrong Watson 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 company'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 1 January 2025 the business demerged its Driving and Logistics division into separate legal entities which remain 100% subsidiaries of Thomas March Group Ltd. These divisions have operated in their own silos for a number of years and warranted full separation. As part of this project the Head office and share service functions have also been identified and transferred in to either a new entity or to the parent company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR, Jonathan Mark | Director | 2020-03-10 | Jul 1968 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOSCOE, Elaine Margery | Secretary | 2007-03-13 | 2016-07-08 |
| BOSCOE, James | Secretary | 2006-04-05 | 2007-02-28 |
| JONES, Neil Herbert | Secretary | 2000-05-10 | 2006-06-09 |
| MIDLANDS SECRETARIAL MANAGEMENT LIMITED | Corporate Nominee Secretary | 2000-05-03 | 2000-05-10 |
| ALLSOPP, Nicholas James | Nominee Director | 2000-05-03 | 2000-05-10 |
| BARKER, Christine | Director | 2002-03-27 | 2006-04-06 |
| BOSCOE, Elaine Margery | Director | 2000-08-04 | 2002-03-27 |
| BOSCOE, James | Director | 2006-04-05 | 2016-07-30 |
| HILTON, Mike | Director | 2000-05-10 | 2003-04-02 |
| JONES, Andrew Ian | Director | 2016-07-08 | 2017-02-01 |
| JONES, Neil Herbert | Director | 2002-03-27 | 2007-02-28 |
| RUSSELL, Benjamin Peter | Director | 2017-02-01 | 2020-03-10 |
| SQUARE TWO INVESTMENTS LTD | Corporate Director | 2016-07-08 | 2017-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thomas March Group Limited | Corporate entity | Shares 75–100% | 2019-01-01 | Active |
| Russell Taylor Holdings Ltd | Corporate entity | Shares 75–100% | 2017-02-01 | Ceased 2019-01-01 |
| Square Two Investments Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-07-08 | Ceased 2017-02-01 |
Filing timeline
Last 20 of 128 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-05 | AA | accounts | Accounts with accounts type full | |
| 2025-08-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-13 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-02-13 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-01-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-01-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-02 | AA | accounts | Accounts with accounts type full | |
| 2023-03-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-19 | AA | accounts | Accounts with accounts type full | |
| 2022-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-20 | AA | accounts | Accounts with accounts type full | |
| 2021-05-07 | SH01 | capital | Capital allotment shares | |
| 2021-04-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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 2024-12-29 vs 2023-12-31
-
Turnover
+20%
£111,325,000 £133,624,000
-
Cash
-37.5%
£976,000 £610,000
-
Net assets
-26.3%
£4,338,000 £3,198,000
-
Employees
-7.8%
128 118
-
Operating profit
+179.5%
£1,500,000 £4,192,000
-
Profit before tax
+376.1%
£716,000 £3,409,000
-
Wages
+18.7%
£104,213,000 £123,699,000
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
Heads up: a more recent set of accounts has been filed but isn't yet reflected here — the figures above are older than the company's latest filing.