PROCUREMENT LEADERS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-15 (this month)
Last made up 2025-05-01
Watchouts
Cash
£2M
-40.3% vs 2023
Net assets
£13M
+54.6% vs 2023
Employees
121
+5.2% vs 2023
Profit before tax
£6M
+27.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- PROCUREMENT LEADERS LIMITED 2017-07-06 → present
- SIGARIA LIMITED 2004-01-12 → 2017-07-06
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 | £21,531,744 | £25,908,133 | |
| Operating profit | £4,904,417 | £6,232,771 | |
| Profit before tax | £4,882,598 | £6,247,108 | |
| Net profit | £3,593,309 | £4,392,229 | |
| Cash | £2,651,655 | £1,583,517 | |
| Total assets less current liabilities | £18,981,928 | £24,010,901 | |
| Net assets | £8,477,343 | £13,108,207 | |
| Equity | £8,477,343 | £13,108,207 | |
| Average employees | 115 | 121 | |
| Wages | £8,936,850 | £11,663,934 |
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 | 22.8% | 24.1% | |
| Net margin | 16.7% | 17.0% | |
| Return on capital employed | 25.8% | 26.0% | |
| Gearing (liabilities / total assets) | 58.6% | 48.4% | |
| Current ratio | 13.29x | 18.17x | |
| Interest cover | 162.40x | 5129.85x |
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
- Consolidated group
- Auditor
- S&W Partners Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the Company's current financial position, future forecasts and projections the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future including a period of at least 12 months from the approval of these financial statements.”
Group structure
- PROCUREMENT LEADERS LIMITED · parent
- Procurement Leaders Inc. 100%
- Procurement Leaders Pte. Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COX, Andrew | Secretary | 2015-05-20 | — | — |
| BASUTHAKUR, Nandini | Director | 2017-03-01 | May 1969 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MARTINEZ, Alexander | Secretary | 2005-01-17 | 2015-05-20 |
| NATIONWIDE COMPANY SECRETARIES LTD | Corporate Secretary | 2004-01-12 | 2005-01-13 |
| BACON, Richard John | Director | 2015-03-01 | 2017-02-28 |
| BACON, Richard John | Director | 2012-07-01 | 2014-09-16 |
| DAVIS, Ken | Director | 2024-12-04 | 2026-03-03 |
| GILBERTSON, David Stuart | Director | 2017-03-01 | 2019-07-25 |
| GILBERTSON, David Stuart | Director | 2012-07-01 | 2014-09-16 |
| HENRY, Jay Ross | Director | 2019-07-25 | 2020-01-23 |
| KITTREDGE, Katie | Director | 2024-02-14 | 2024-12-04 |
| MARTINEZ, Alexander | Director | 2005-01-17 | 2019-07-25 |
| PERERA, Mark Anura | Director | 2004-01-12 | 2019-07-25 |
| POPE, Richard Charles | Director | 2005-01-17 | 2019-07-25 |
| REES, Esther | Director | 2004-01-12 | 2005-01-17 |
| SIMMONS, Walker Chapman | Director | 2019-07-25 | 2020-01-23 |
| WILKIE, David Charles | Director | 2019-07-25 | 2024-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Morgan Stanley | Corporate entity | Shares 75–100% | 2020-01-11 | Active |
| World 50, Inc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-07-25 | Ceased 2024-11-26 |
| Mr Mark Anura Perera | Individual | Shares 25–50% | 2017-05-01 | Ceased 2019-07-25 |
| Mr Alex Martinez | Individual | Shares 25–50% | 2017-05-01 | Ceased 2019-07-25 |
Filing timeline
Last 20 of 135 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-04 | AA | accounts | Accounts with accounts type group | |
| 2025-05-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-26 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-03 | AA | accounts | Accounts with accounts type group | |
| 2024-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-11 | AA | accounts | Accounts with accounts type group | |
| 2023-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-21 | AA | accounts | Accounts with accounts type group | |
| 2022-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-06 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
+20.3%
£21,531,744 £25,908,133
-
Cash
-40.3%
£2,651,655 £1,583,517
-
Net assets
+54.6%
£8,477,343 £13,108,207
-
Employees
+5.2%
115 121
-
Operating profit
+27.1%
£4,904,417 £6,232,771
-
Profit before tax
+27.9%
£4,882,598 £6,247,108
-
Wages
+30.5%
£8,936,850 £11,663,934
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