SPENCER ENGINEERING GROUP LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-09 (in 4mo)
Last made up 2025-08-26
Watchouts
None on the register
Cash
£4M
+446,800% vs 2024
Net assets
£12M
-27.1% vs 2024
Employees
315
-1.6% vs 2024
Profit before tax
-£4M
-493.8% vs 2024
Name history
Renamed 1 time since incorporation
- SPENCER ENGINEERING GROUP LIMITED 2013-09-06 → present
- BROOMCO (4268) LIMITED 2013-08-30 → 2013-09-06
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 | £61,425,000 | £69,911,000 | |
| Operating profit | £979,000 | -£3,770,000 | |
| Profit before tax | £1,093,000 | -£4,304,000 | |
| Net profit | £1,176,000 | -£4,304,000 | |
| Cash | £1,000 | £4,469,000 | |
| Total assets less current liabilities | £18,952,000 | £14,499,000 | |
| Net assets | £15,873,000 | £11,569,000 | |
| Equity | £15,873,000 | £11,569,000 | |
| Average employees | 320 | 315 | |
| Wages | £15,585,000 | £16,267,000 |
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 | 1.6% | -5.4% | |
| Net margin | 1.9% | -6.2% | |
| Return on capital employed | 5.2% | -26.0% | |
| Gearing (liabilities / total assets) | 62.4% | 71.2% | |
| Current ratio | 1.15x | 1.02x | |
| Interest cover | 1.62x | -7.06x |
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
- Consolidated group
- Auditor
- Dutton Moore
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- SPENCER ENGINEERING GROUP LIMITED · parent
- Brawley Construction Limited 50%
- Aerotruss Limited 100%
- Spencer Digital Services Ltd 100%
- Spencer Building & Civil Engineering Ltd 100%
- Spencer Professional Services Limited 100%
- Spencer Rail Limited 100%
- Spencer Resources Limited 100%
- Athena Project Services Limited 100%
Significant events
- “The loss on ordinary activities before taxation for the year is £4,304,000 (2024 profit: £1,093,000). The loss was due to a one-off impairment charge of £5,154,000 (2024: nil).”
- “The plant has suffered technical issues, reducing electricity output. Resolving these issues required significant additional investment which the main investors declined to provide. As a result, the plant was sold to a third party, substantially reducing the value of the group's investment.”
- “On 1 April 2023 the group transferred the Bridges Division out of C Spencer Limited into a separate business, Spencer Bridge Engineering Limited which undertakes all bridge works on behalf of the group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SPENCER, Charles | Director | 2013-08-30 | Jul 1953 | British |
| SPENCER, Noreen | Director | 2013-08-30 | Jan 1957 | British |
| THORNTON, Gary | Director | 2013-09-03 | Nov 1966 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRATTON, Gordon Cameron Paul | Secretary | 2013-08-30 | 2020-12-31 |
| GRATTON, Gordon Cameron Paul | Director | 2013-08-30 | 2020-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Noreen Spencer | Individual | Shares 75–100% | 2021-11-01 | Active |
| Mr Charles Spencer | Individual | Voting 50–75%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 63 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-06 | AA | accounts | Accounts with accounts type group | |
| 2025-10-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type group | |
| 2024-08-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-23 | AA | accounts | Accounts with accounts type group | |
| 2023-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-06 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-02-06 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-08-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-25 | AA | accounts | Accounts with accounts type group | |
| 2021-09-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-03 | AA | accounts | Accounts with accounts type group | |
| 2021-01-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2020-12-01 | AA | accounts | Accounts with accounts type group |
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
+13.8%
£61,425,000 £69,911,000
-
Cash
+446,800%
£1,000 £4,469,000
-
Net assets
-27.1%
£15,873,000 £11,569,000
-
Employees
-1.6%
320 315
-
Operating profit
-485.1%
£979,000 -£3,770,000
-
Profit before tax
-493.8%
£1,093,000 -£4,304,000
-
Wages
+4.4%
£15,585,000 £16,267,000
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