UK Companies House feature
WORKCHAIN LTD
Cash
£272K
-40.1% vs 2024
Net assets
£2M
-17.8% vs 2024
Employees
458
-21.3% vs 2024
Profit before tax
£229K
+1,358.2% vs 2024
Profile
- Company number
- 05719828
- Status
- Active
- Incorporation
- 2006-02-23
- Last accounts made up
- 2025-03-31
- Account category
- FULL
- Primary SIC
- 62012
Net assets
10-year trend · vs UK AI & Enterprise SaaS median
Accounts
10-year trend · latest 2025-03-31
| Metric | Trend | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £17,861,302 | — | £12,221,993 | — | £21,402,106 | — | £19,311,277 | — | £15,778,049 | £13,153,950 | |
| Operating profit | £1,054,601 | — | £890,250 | — | £1,721,987 | — | £749,059 | — | -£18,307 | £229,249 | |
| Profit before tax | £1,054,601 | — | £887,065 | — | £1,720,211 | — | £748,484 | — | -£18,220 | £229,249 | |
| Net profit | £1,060,616 | — | £876,893 | — | £1,533,697 | — | £729,174 | — | -£90,952 | £168,144 | |
| Cash | £253,364 | £253,364 | £554,852 | £554,852 | £416,982 | £416,982 | £388,254 | — | £454,052 | £272,183 | |
| Total assets less current liabilities | £2,143,701 | — | £2,371,150 | — | £2,483,996 | — | £2,617,727 | — | £1,999,051 | £1,636,347 | |
| Net assets | £2,103,547 | — | £2,304,613 | — | £2,446,714 | — | £2,597,071 | — | £1,986,817 | £1,634,069 | |
| Equity | £2,103,547 | £2,103,547 | £2,304,613 | £2,304,613 | £2,446,714 | £2,446,714 | £2,597,071 | £2,597,071 | £1,986,817 | £1,634,069 | |
| Average employees | 628 | — | 515 | — | 775 | — | 733 | — | 582 | 458 | |
| Wages | £11,470,957 | — | £9,695,231 | — | £17,368,406 | — | £16,254,348 | — | £13,278,770 | £11,218,981 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Smith Cooper Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company therefore continues to adopt the going concern basis in preparing the financial statements.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
1 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| O'GRADY, Lewis James | Director | 2024-10-25 | Dec 1993 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TONG, Philip Stephen | Secretary | 2006-04-01 | 2024-10-25 |
| WARD, Rich | Secretary | 2006-02-23 | 2006-04-01 |
| HINKLEY, Adam | Director | 2006-04-01 | 2024-10-25 |
| TONG, Philip Stephen | Director | 2006-02-23 | 2024-10-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Workchain Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-25 | Active |
| Mr Adam Hinckley | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-10-25 |
| Philip Stephen Tong | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2024-10-25 |
Filing timeline
Last 20 of 105 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-02-05 | AD02 | address | change sail address company with old address new address |
| 2026-02-04 | CS01 | confirmation-statement | confirmation statement with updates |
| 2026-02-04 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2026-01-19 | CH01 | officers | change person director company with change date |
| 2025-12-22 | AA | accounts | accounts with accounts type full |
| 2025-12-09 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-12-16 | AA | accounts | accounts with accounts type full |
| 2024-12-06 | SH06 | capital | capital cancellation shares |
| 2024-11-19 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-11-13 | SH06 | capital | capital cancellation shares |
| 2024-11-07 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2024-11-07 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2024-11-07 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2024-11-07 | TM01 | officers | termination director company with name termination date |
| 2024-11-07 | TM02 | officers | termination secretary company with name termination date |
| 2024-11-07 | TM01 | officers | termination director company with name termination date |
| 2024-11-07 | AP01 | officers | appoint person director company with name date |
| 2024-11-05 | SH03 | capital | capital return purchase own shares |
| 2024-11-03 | RESOLUTIONS | resolution | resolution |
| 2024-10-25 | MR04 | mortgage | mortgage satisfy charge full |
Credit score
Altman Z″ (private-firm) · reference 2025-03-31
4.74
SAFE
Altman Z″
- Working capital / Total assets 0.492 × 6.56 = +3.23
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.070 × 6.72 = +0.47
- Book equity / Total liabilities 0.993 × 1.05 = +1.04
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory