SPEEDY ASSET SERVICES LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-03-30 (in 10mo)
Last made up 2026-03-16
Watchouts
Cash
£8M
+10,728.9% vs 2024
Net assets
£53M
+8% vs 2024
Employees
2,953
-3.2% vs 2024
Profit before tax
£7M
+450.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £413,913,000 | £410,264,000 | |
| Operating profit | £10,049,000 | £11,606,000 | |
| Profit before tax | £1,192,000 | £6,566,000 | |
| Net profit | -£436,000 | £4,111,000 | |
| Cash | £76,000 | £8,230,000 | |
| Total assets less current liabilities | £138,365,000 | £149,118,000 | |
| Net assets | £48,793,000 | £52,714,000 | |
| Equity | £48,793,000 | £52,714,000 | |
| Average employees | 3,050 | 2,953 | |
| Wages | £98,981,000 | £104,346,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 2.4% | 2.8% | |
| Net margin | -0.1% | 1.0% | |
| Return on capital employed | 7.3% | 7.8% | |
| Gearing (liabilities / total assets) | 90.0% | 89.4% | |
| Current ratio | 0.44x | 0.43x | |
| Interest cover | 1.13x | 1.77x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Qualified
- Going concern
- Affirmed
“The directors acknowledge that there is a degree of subjectivity involved in their assumptions, particularly around the benefit expected to flow to the Group from the Commercial Agreement with ProService, and the current macroeconomic environment. In consideration of all of the above, the directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements.”
Group structure
- SPEEDY ASSET SERVICES LIMITED · parent
- Bucks Access Rentals Limited 100%
- Crewe Plant Hire Limited 100%
- Green Power Hire Limited 100%
- Lifterz Holdings Limited 100%
- Lifterz Limited 100%
- Lifterz (Scot) Limited 100%
- OHP Limited 100%
- Platform Sales & Hire Limited 100%
- Prolift Access Limited 100%
- Rail Hire (UK) Ltd 100%
- SHH 501 Limited 100%
- Speedy Hydrogen Solutions Limited 50%
Significant events
- “Subsequent to the year end the Group refinanced its borrowings, replacing its existing £180m asset based lending facility ("ABL"), which was due to expire in July 2026. The new facilities of £225m comprise a £150m revolving credit facility with a three year maturity, with options to extend up to a further two years, and a £75m private placement term loan with a seven year maturity. The Group's ABL facility balance was repaid in full on 24 April 2025 and the new facilities simultaneously entered into.”
- “On 6 October 2025, Speedy Hire Plc announced that its subsidiary Speedy Asset Services Limited signed a comprehensive commercial hire and supply agreement ("Commercial Agreement") with HSS ProService Limited ("ProService"). The agreement permits the Group to take on a right of first refusal to supply ProService with the core hire equipment it needs to fulfil its customer orders, as well as right of first refusal to supply ProService with TIC services, through Speedy Hires's Lloyds British business. In addition, the Group agreed the transfer of certain assets (from HSS Service Group Limited), with HSS Hire Group plc. (to be re-named ProService Building Services Marketplace plc) having also agreed the issue to Speedy Hire of 79,368,711 of its shares, representing approximately 9.99% of the post subscription issued share capital of ProService plc (together the "Transaction").”
- “On 17 November 2025, the Group announced that the conditions of the Transaction had been fully satisfied and accordingly that the Transaction had completed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUNT, Neil John | Secretary | 2017-09-26 | — | — |
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2009-03-16 | — | — |
| EVANS, Daniel John | Director | 2020-07-31 | Sep 1985 | British |
| RAYNER, Paul Adrian | Director | 2022-12-09 | Nov 1961 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLAIR, James Edward | Secretary | 2012-04-01 | 2017-03-30 |
| KONCAREVIC, Suzana | Secretary | 2009-07-22 | 2012-03-31 |
| RAWNSLEY | Corporate Secretary | 2009-03-16 | 2009-07-22 |
| ATKIN, Tracey Maria | Director | 2014-10-15 | 2016-01-31 |
| BENNETT, Antony | Director | 2014-10-15 | 2015-06-19 |
| BUNN, James Richard | Director | 2020-09-18 | 2022-12-09 |
| CORCORAN, Steven James | Director | 2009-03-16 | 2014-04-14 |
| DOWN, Russell | Director | 2015-06-19 | 2022-09-30 |
| KRIGE, Lynette Gillian | Director | 2011-09-29 | 2014-10-15 |
| MCGRATH, Michael Andrew | Director | 2009-03-16 | 2013-12-05 |
| MORGAN, Thomas Christopher | Director | 2016-04-01 | 2020-07-31 |
| READ, Justin Richard | Director | 2009-03-16 | 2011-08-27 |
| ROGERSON, Mark | Director | 2013-12-02 | 2015-06-30 |
| VERITIERO, Claudio | Director | 2009-03-16 | 2010-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Speedy Hire Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 102 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-05-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2024-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-05 | AA | accounts | Accounts with accounts type full | |
| 2023-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-20 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-14 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-12 | AA | accounts | Accounts with accounts type full | |
| 2022-10-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-02-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-02-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-02-19 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- 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
-0.9%
£413,913,000 £410,264,000
-
Cash
+10,728.9%
£76,000 £8,230,000
-
Net assets
+8%
£48,793,000 £52,714,000
-
Employees
-3.2%
3,050 2,953
-
Operating profit
+15.5%
£10,049,000 £11,606,000
-
Profit before tax
+450.8%
£1,192,000 £6,566,000
-
Wages
+5.4%
£98,981,000 £104,346,000
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