NUSEED EUROPE LTD
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-08-16 (in 3mo)
Last made up 2025-08-02
Watchouts
Cash
£439K
+50.3% vs 2023
Net assets
-£5M
-3,366.7% vs 2023
Employees
992
-36% vs 2023
Profit before tax
-£6M
-9.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Our opinion is not modified in respect of this matter. The directors have prepared the financial statements on the going concern basis. As stated above, they have concluded that material uncertainty related to going concern exists.
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | £10,691,000 | £8,008,000 | |
| Operating profit | -£3,709,000 | -£5,548,000 | |
| Profit before tax | -£5,089,000 | -£5,556,000 | |
| Net profit | -£5,452,000 | -£5,555,000 | |
| Cash | £292,000 | £439,000 | |
| Total assets less current liabilities | £3,093,000 | £1,569,000 | |
| Net assets | £165,000 | -£5,390,000 | |
| Equity | £165,000 | -£5,390,000 | |
| Average employees | 1,550 | 992 | |
| Wages | £1,550,000 | £992,000 |
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 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Operating margin | -34.7% | -69.3% | |
| Net margin | -51.0% | -69.4% | |
| Return on capital employed | -119.9% | -353.6% | |
| Gearing (liabilities / total assets) | 99.1% | 126.9% | |
| Current ratio | 1.69x | 1.23x | |
| Interest cover | -0.95x | -15.81x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Our opinion is not modified in respect of this matter. The directors have prepared the financial statements on the going concern basis. As stated above, they have concluded that material uncertainty related to going concern exists.”
Group structure
- NUSEED EUROPE LTD · parent
- Nuseed Ukraine LLC 99%
- Nuseed Russia LLC 99%
- Nuseed Serbia D.o.o 100%
Significant events
- “In November 2024, the Company entered into a transaction to sell all of its inventory to Nuseed Spain SLU, a related party. The transaction was conducted on an arms-length basis. Management have assessed the impact of this transaction and determined it has no material effect on the financial position at the balance sheet date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STEPHENSON, Ashley James | Secretary | 2023-09-01 | — | — |
| BARKHOUSE, Nicholas James | Director | 2023-09-01 | May 1963 | British,Australian |
| GRUNDY, Damien Paul | Director | 2023-09-01 | Dec 1972 | British |
| PARTINGTON, Michael | Director | 2023-08-01 | Dec 1976 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARBER, Gary Anthony | Secretary | 2013-08-02 | 2015-02-09 |
| GRUNDY, Damien | Secretary | 2015-02-09 | 2023-09-01 |
| BARBER, Gary Anthony | Director | 2013-08-02 | 2023-09-01 |
| JAVRA, Brent John | Director | 2019-08-23 | 2023-09-01 |
| THOMAS, Andrew Bruce | Director | 2013-08-02 | 2019-08-23 |
| ZACHARIAS, Brent Evan | Director | 2023-09-01 | 2026-03-31 |
| ZACHARIAS, Brent Evan | Director | 2013-08-02 | 2023-09-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nuseed Europe Holding Company Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-09-12 | Active |
Filing timeline
Last 20 of 63 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-25 | AA | accounts | Accounts with accounts type full | |
| 2024-09-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-04-17 | AA | accounts | Accounts with accounts type full | |
| 2024-03-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-24 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-09-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-20 | SH01 | capital | Capital allotment shares | |
| 2023-07-13 | AA | accounts | Accounts with accounts type full | |
| 2023-05-03 | AA | accounts | Accounts with accounts type full | |
| 2022-12-02 | DISS40 | gazette | Gazette filings brought up to date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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 2024-09-30 vs 2023-09-30
-
Turnover
-25.1%
£10,691,000 £8,008,000
-
Cash
+50.3%
£292,000 £439,000
-
Net assets
-3,366.7%
£165,000 -£5,390,000
-
Employees
-36%
1,550 992
-
Operating profit
-49.6%
-£3,709,000 -£5,548,000
-
Profit before tax
-9.2%
-£5,089,000 -£5,556,000
-
Wages
-36%
£1,550,000 £992,000
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