PROCURRI EUROPE LIFECYCLE SERVICES LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. PROCURRI EUROPE LIFECYCLE SERVICES LIMITED 2022-09-26 → present
2. PROCURRI LIFECYCLE SERVICES LIMITED 2022-09-26 → 2022-09-26
3. ASVIDA UK LIMITED 2013-03-06 → 2022-09-26

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On the basis of their assessment of the Company's financial position and relevant enquiries, the directors have reasonable expectation that the Company will be able to continue in operational existence until 31 July 2026. Thus, the company continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. PROCURRI EUROPE LIFECYCLE SERVICES LIMITED · parent
   1. Procurri LLC 1% · Georgia, United States · Information technology solution provider
   2. Procurri Europe Maintenance Limited 1% · England and Wales · Information technology solution provider
   3. Procurri GmbH 1% · Germany · Sale and distribution of computer hardware products, maintenance and other services related to IT systems and networks.
   4. Procurri Kosovo Lifecycle Services SH.P.K. 1% · Kosovo · Computer programming and consultancy activities.

Significant events

• “Despite encountering challenges, the most significant being a cyber-attack in April 2023 where multiple systems across our global estate were extensively encrypted, to which Procurri adhered to its no-pay policy, Procurri stood resilient. While the recovery process was intricate, spanning two months to restore full functionality, we successfully retrieved much of the compromised data.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +48.5%

  £21,349,000 → £31,713,000

• Cash

  +165.4%

  £382,000 → £1,014,000

• Net assets

  -3.4%

  £9,213,000 → £8,898,000

• Employees

  -6.8%

  146 → 136

• Operating profit

  +91.3%

  -£3,267,000 → -£285,000

• Profit before tax

  +86.4%

  -£3,366,000 → -£457,000

• Wages

  +10.1%

  £4,107,000 → £4,522,000

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