FL CAPITAL HOLDINGS LIMITED

1. FL CAPITAL HOLDINGS LIMITED 2015-01-08 → present
2. FL CAPITAL LTD 2012-03-12 → 2015-01-08
3. FREELANCERS LIMITED 2000-09-27 → 2012-03-12

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

Consolidated group

Auditor

Kreston Reeves Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“It has been widely reported that some of the group companies are in dispute with the UK Tax Authority. In November 2024 HMRC issued a claim against FL Capital Holdings Limited, Ducas Limited and Enix Services Limited in an ex parte hearing at the High Court. A Freezing Order was issued against the assets of the three companies with a provision to allow bank transactions in the 'ordinary and proper' course of business which has allowed the companies to continue to trade. This matter is due to be heard in the First Tier Tax Tribunal during April and May of 2026. The directors remain confident of the position of the group.”

Group structure

1. FL CAPITAL HOLDINGS LIMITED · parent
   1. Ducas Limited 100% · England
   2. Maxipay Accounting Services Limited 100% · England
   3. MP Payroll Solutions Limited 100% · England
   4. Elias Contracting Limited 100% · England
   5. Construction Arena Limited 100% · England
   6. United Associates (UK) Limited 100% · England
   7. Paymax Limited 100% · England
   8. Maxipay International Limited 100% · England
   9. Certainty PSC Limited 100% · England
   10. Enix Services Limited 100% · England
   11. Maxipay Umbrella Limited(formerly Construction 2020 Limited) 100% · England
   12. MP Human Resources Limited 100% · England
   13. Evolution Umbrella Limited 100% · England

Significant events

• “The group currently maintains cash balances at a level, which precludes the need for debt finance. Bank interest rates are monitored to ensure that the group is earning the greatest return on these balances, whilst maintaining liquidity and cash flow.”
• “The group intends to continue to ensure that the software it uses is constantly monitored and updated so as to reflect and comply with relevant taxation and legal developments as they occur and to concentrate on expanding the range of services provided to clients in order to maintain its competitive edge.”

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

Filings

2

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

  -20.6%

  £596,283,208 → £473,212,346

• Cash

  -26.7%

  £25,195,984 → £18,466,421

• Net assets

  +4.6%

  £6,408,955 → £6,703,174

• Employees

  -15.2%

  665 → 564

• Operating profit

  -31.2%

  £14,531,035 → £9,997,227

• Profit before tax

  -27.5%

  £15,038,637 → £10,896,350

• Wages

  -12.1%

  £20,931,595 → £18,403,576

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