UK Companies House feature
THE WORKSHOP TECHNOLOGIES LTD
Cash
£6M
+55.8% vs 2023
Net assets
£8M
-20.4% vs 2023
Employees
146
-19.3% vs 2023
Profit before tax
£20M
+493% vs 2023
Profile
- Company number
- 09778030
- Status
- Active
- Incorporation
- 2015-09-15
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62020
Net assets
10-year trend · vs UK AI & Enterprise SaaS median
Accounts
10-year trend · latest 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £32,217,575 | — | £30,203,295 | — | £36,520,597 | — | £49,602,996 | — | £56,969,473 | £37,329,553 | |
| Operating profit | £2,330,795 | — | -£1,888,773 | — | £1,927,339 | — | £2,189,528 | — | £4,040,704 | £2,584,962 | |
| Profit before tax | £2,222,908 | — | -£1,907,779 | — | £1,624,673 | — | £1,941,546 | — | £3,425,101 | £20,312,506 | |
| Net profit | £1,756,165 | — | -£1,481,216 | — | £1,200,909 | — | £1,941,546 | — | £3,253,771 | £20,777,305 | |
| Cash | £9,476,156 | — | £10,925,755 | — | £6,824,577 | — | £1,862,007 | — | £3,633,275 | £5,661,738 | |
| Total assets less current liabilities | — | — | £3,813,842 | — | £5,805,858 | — | £7,755,879 | — | £11,193,362 | £9,105,552 | |
| Net assets | £4,913,474 | — | £3,432,258 | — | £5,159,771 | — | £7,015,470 | — | £10,342,832 | £8,232,136 | |
| Equity | £4,913,474 | £4,913,474 | £3,432,258 | £3,958,862 | £5,159,771 | £5,526,266 | £7,015,470 | £7,015,470 | £10,342,832 | £8,232,136 | |
| Average employees | 143 | — | 101 | — | 149 | — | 183 | — | 181 | 146 | |
| Wages | £16,818,923 | — | £14,370,067 | — | £17,288,137 | — | £23,388,027 | — | £25,782,969 | £17,733,950 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BKL Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for at least 12 months from the date of approval of these financial statements, and will be able to meet its liabilities as they fall due. The directors are confident that the Company's access to working capital and future profit generation is sufficient to support the business in the foreseeable future, and accordingly, consider it appropriate to prepare the financial statements on a going concern basis.”
Subsidiaries
- RGT Desarrollo Informatico S.L · 1% held · Spain · Software Development
Significant events
- “During 2024 we launched "We Learn" our new learning and development platform which enables employees to undertake various training modules to support their personal and profession development.”
- “From a product and service offerings standpoint, the focus in 2024 the focus was on improving performance, productivity and effectiveness and the development of a solid disaster recovery stance.”
- “In 2024 programmes were initiated to evolve and develop leadership skills”
- “Upon termination of the current lease contracts, the Company is obligated to restore the premises to the condition they were in when the leases were signed. To this effect, a dilapidations provision has been included and reflects the total estimated cost to fulfill this obligation.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
1 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SCHROEDER, Kai | Director | 2022-01-31 | Dec 1973 | German |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIANCHI, Marco Guido | Director | 2017-09-26 | 2022-01-31 |
| MACDONALD, Kristen | Director | 2018-11-08 | 2023-10-31 |
| MACGREGOR, Robert | Director | 2015-09-15 | 2017-09-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Workshop Ventures Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 29 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-10-02 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-07-02 | AA | accounts | accounts with accounts type full |
| 2024-09-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-08-05 | AA | accounts | accounts with accounts type full |
| 2023-10-31 | TM01 | officers | termination director company with name termination date |
| 2023-09-28 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-07-21 | AA | accounts | accounts with accounts type full |
| 2022-09-30 | AA | accounts | accounts with accounts type full |
| 2022-09-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-02-03 | AP01 | officers | appoint person director company with name date |
| 2022-02-03 | TM01 | officers | termination director company with name termination date |
| 2021-09-29 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-09-22 | AA | accounts | accounts with accounts type full |
| 2021-01-06 | CH01 | officers | change person director company with change date |
| 2020-11-06 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2020-08-03 | AD01 | address | change registered office address company with date old address new address |
| 2020-07-13 | AA | accounts | accounts with accounts type full |
| 2019-10-17 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2019-07-03 | AA | accounts | accounts with accounts type full |
| 2018-11-09 | AP01 | officers | appoint person director company with name date |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
-1.39
DISTRESS
Altman Z″
- Working capital / Total assets -0.700 × 6.56 = -4.59
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.201 × 6.72 = +1.35
- Book equity / Total liabilities 1.767 × 1.05 = +1.86
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory