PHAIDON INTERNATIONAL (UK) LTD

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. PHAIDON INTERNATIONAL (UK) LTD 2013-08-01 → present
2. SELBY JENNINGS LIMITED 2004-05-21 → 2013-08-01

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 101

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

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. The financial statements have been prepared on a going concern basis, the Directors have assessed the long-term prospects of the Company as part of the Group based upon business plans and cash flow projections for the period to March 2026, taking into account a number of external factors such as challenges around inflation, high interest rates and global political dynamics. This notes no issues with passing all banking covenants. The business plans have been sensitised and reverse stress tested to assess the ability of the Group to withstand various downside scenarios, such as a 10% decrease in revenues over a 12 month period. The Directors note that the difficult market conditions in FY23 and FY24 resulted in single digit contractions each year. Given management's plans including compensation and the increasingly tenured staff, a 10% decrease on revenues standalone on the plan is unrealistic. Due to the strong cash position and the proven track record as evidenced by its financial results the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future and, consequently, continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “As at 31 January 2025, the Company employed 278 sales consultants, which is a 25% contraction on January 2024. During 2025, it is the Company's intention to expand organically and to continue to provide global professional search under a contingent model.”
• “securing significant investment from a consortium of investors, led by Further Global, to support the future growth of the business in August 2022”
• “The Board and Further Global achieved this by setting aside, at the time of the investment, a significant percentage of the ordinary share capital in the Company for the benefit of all employees that have greater than two years service under a Phaidon Units Programme ("PUP"). This was formally implemented in January 2023 with subsequent awards at the half year and year end leading to circa 500 staff currently having equity in the Group.”
• “On 13 September 2024 the Company entered into a lease agreement for a new office space. It is expected that the Company will have access to the property from 25 March 2025, the completion date of the lease. The total expected commitment for the 10 year lease is £18,870,208.”

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

Filings

5

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

  -9.8%

  £79,215,921 → £71,442,166

• Cash

  -41.1%

  £2,442,916 → £1,439,269

• Net assets

  +20.7%

  £18,588,682 → £22,427,781

• Employees

  +3.9%

  438 → 455

• Operating profit

  -10.2%

  £6,247,469 → £5,611,629

• Profit before tax

  -11.3%

  £5,784,822 → £5,133,276

• Wages

  +0.1%

  £28,743,939 → £28,778,538

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