OPENWORK ACCESS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-17 (in 6mo)
Last made up 2025-11-03
Watchouts
None on the register
Cash
£10K
0% vs 2023
Net assets
£2M
-60.4% vs 2023
Employees
—
Average over period
Profit before tax
£554K
-43.8% vs 2023
Name history
Renamed 2 times since incorporation
- OPENWORK ACCESS LIMITED 2005-02-07 → present
- CRASEL LIMITED 2005-01-07 → 2005-02-07
- OPENWORK LIMITED 2004-11-03 → 2005-01-07
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £689,000 | £230,000 | |
| Operating profit | £689,000 | £230,000 | |
| Profit before tax | £985,000 | £554,000 | |
| Net profit | £753,000 | £416,000 | |
| Cash | £10,000 | £10,000 | |
| Total assets less current liabilities | £5,479,000 | £2,169,000 | |
| Net assets | £5,479,000 | £2,169,000 | |
| Equity | £5,479,000 | £2,169,000 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 100.0% | 100.0% | |
| Net margin | 109.3% | 180.9% | |
| Return on capital employed | 12.6% | 10.6% | |
| Gearing (liabilities / total assets) | 4.1% | 54.3% | |
| Current ratio | 20.71x | 1.50x |
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
- UK-adopted international accounting standards
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Director has performed an assessment of the Company's forecasts and projections, which take account of possible changes in trading performance and downside scenarios. Based on this assessment, the Director has a reasonable expectation that the Company will be able to continue in operation and meet its liabilit”
Significant events
- “On 6 June 2025 the Company acquired Milecross Financial Solutions Limited, a company limited by shares and domiciled in the United Kingdom having its registered office at 42 Milecross Road, Newtownards, Down, BT23 4SR. The fair value of total consideration payable in respect of the transaction is estimated to be £24.9m, including £16.1m for initial consideration, which was paid in cash at completion, and a fair value of £8.8m for deferred consideration, which is contingent on the business meeting certain financial targets post acquisition. The associated accounting for the transaction remains in progress at the report date”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MANDRYKO, Erica | Secretary | 2026-04-11 | — | — |
| CHAVASSE, Aidan Grant | Director | 2025-08-04 | Feb 1993 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HALE, Isla Rebecca | Secretary | 2005-04-21 | 2005-08-24 |
| LOWE, Nigel | Secretary | 2005-08-24 | 2006-04-12 |
| ROGERS, Helen Frances Leigh | Secretary | 2006-04-25 | 2007-11-01 |
| CHALFEN SECRETARIES LIMITED | Corporate Nominee Secretary | 2004-11-03 | 2005-04-20 |
| QUAYSECO LIMITED | Corporate Secretary | 2007-11-01 | 2026-04-10 |
| BRUNT, Simon Rogerson | Director | 2005-04-21 | 2011-09-30 |
| CLIFFORD, Simon John | Director | 2011-09-30 | 2014-12-05 |
| COOPER, Mark John | Director | 2005-04-21 | 2011-12-08 |
| DODSON, Stuart John | Director | 2023-03-30 | 2025-12-31 |
| DUCKWORTH, Mark | Director | 2011-09-30 | 2016-07-04 |
| FERNS, Michael Andrew | Director | 2005-04-21 | 2010-01-25 |
| HALLATT, Christopher Donald | Director | 2011-09-30 | 2023-03-30 |
| HOUGHTON, Richard David | Director | 2022-02-14 | 2024-11-11 |
| MASTERTON, Graham Bruce | Director | 2015-03-17 | 2016-04-26 |
| MORROW, Michael David George | Director | 2016-04-18 | 2022-02-15 |
| WILLIAMS, Michael Anthony | Director | 2016-06-22 | 2019-12-18 |
| CHALFEN NOMINEES LIMITED | Corporate Nominee Director | 2004-11-03 | 2005-04-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Openwork Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 110 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | AD02 | address | Change sail address company with old address new address | |
| 2026-04-15 | AD02 | address | Change sail address company with old address new address | |
| 2026-04-13 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-04-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-16 | AA | accounts | Accounts with accounts type full | |
| 2024-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-25 | AA | accounts | Accounts with accounts type full | |
| 2023-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-30 | AA | accounts | Accounts with accounts type full | |
| 2023-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-29 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-03-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-19 | AA | accounts | Accounts with accounts type full | |
| 2022-02-18 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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
-66.6%
£689,000 £230,000
-
Cash
0%
£10,000 £10,000
-
Net assets
-60.4%
£5,479,000 £2,169,000
-
Employees
—
Not reported
-
Operating profit
-66.6%
£689,000 £230,000
-
Profit before tax
-43.8%
£985,000 £554,000
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