WORKCHAIN LTD
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-18 (in 9mo)
Last made up 2026-02-04
Watchouts
Cash
£272K
-40.1% vs 2024
Net assets
£2M
-17.8% lowest in 6 filed years
Employees
458
-21.3% lowest in 6 filed years
Profit before tax
£229K
+1,358.2% first positive since 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
10-year trend · vs Technology median
Accounts
10-year trend · latest reflected 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 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 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 5.9% | — | 7.3% | — | 8.0% | — | 3.9% | — | -0.1% | 1.7% | |
| Net margin | 5.9% | — | 7.2% | — | 7.2% | — | 3.8% | — | -0.6% | 1.3% | |
| Return on capital employed | 49.2% | — | 37.5% | — | 69.3% | — | 28.6% | — | -0.9% | 14.0% | |
| Interest cover | — | — | 279.51x | — | 969.59x | — | 1302.71x | — | — | — |
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
- 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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 3
- Officers appointed
- 0
- Officers resigned
- 0
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-16.6%
£15,778,049 £13,153,950
-
Cash
-40.1%
£454,052 £272,183
-
Net assets
-17.8%
£1,986,817 £1,634,069
lowest in 6 filed years
-
Employees
-21.3%
582 458
lowest in 6 filed years
-
Operating profit
+1,352.2%
-£18,307 £229,249
first positive since 2024
-
Profit before tax
+1,358.2%
-£18,220 £229,249
first positive since 2024
-
Wages
-15.5%
£13,278,770 £11,218,981
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers