EARNZ PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-23 (in 11mo)
Last made up 2026-04-09
Watchouts
Cash
£2M
+3,538.9% vs 2023
Net assets
£4M
+4,157.1% vs 2023
Employees
28
+154.5% vs 2023
Profit before tax
-£3M
-114.2% vs 2023
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.
Name history
Renamed 2 times since incorporation
- EARNZ PLC 2024-03-06 → present
- VERDITEK PLC 2017-03-06 → 2024-03-06
- VERDITEK LIMITED 2016-04-10 → 2017-03-06
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £606,000 | £2,637,000 | |
| Operating profit | -£743,000 | -£2,806,000 | |
| Profit before tax | -£1,344,000 | -£2,879,000 | |
| Net profit | -£2,089,000 | -£2,819,000 | |
| Cash | £54,000 | £1,965,000 | |
| Total assets less current liabilities | £519,000 | £5,545,000 | |
| Net assets | -£98,000 | £3,976,000 | |
| Equity | -£98,000 | £3,976,000 | |
| Average employees | 11 | 28 | |
| Wages | £305,000 | £1,236,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -122.6% | -106.4% | |
| Net margin | -344.7% | -106.9% | |
| Return on capital employed | -143.2% | -50.6% | |
| Gearing (liabilities / total assets) | 109.4% | 55.5% | |
| Current ratio | 1.22x | 1.09x | |
| Interest cover | -15.81x | -24.83x |
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
- UK IAS
- Reporting scope
- Consolidated group
- Auditor
- HaysMac LLP
- Audit opinion
- Qualified
- Going concern
- Affirmed
“Based on this assessment, the Directors consider that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- EARNZ PLC · parent
- Earnz Holdings Limited 100%
- Earnz Regeneration Limited 100%
- Cosgrove & Drew Ltd 100%
- South West Heating Services Limited 100%
- SW Assessors Limited 100%
- Verditek USA Limited 100%
Significant events
- “EARNZ plc disposed of its interests in its Solar Business on 29 February 2024 and became an AIM Rule 15 cash shell on 1 March 2024.”
- “The Company changed its name from Verditek Plc to EARNZ Plc on 6 March 2024.”
- “The Group acquired Cosgrove & Drew Ltd and South West Heating Services Limited on 29 August 2024.”
- “On 12 June 2025, the Group signed a sale and purchase agreement to acquire all the share capital of A&D Carbon Solutions LTD at a cost of £2.8m, with completion expected on 1 July 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHARLTON, John William Charles | Secretary | 2024-11-11 | — | — |
| HOLT, Robert | Director | 2024-02-29 | Sep 1954 | British |
| LAKE, Elizabeth Janet | Director | 2024-03-13 | Sep 1967 | British |
| MAIN, Linda Jane | Director | 2024-05-01 | Sep 1962 | British |
| SKEETE, Sandra Diana | Director | 2024-06-03 | Mar 1965 | British |
| SMITH, Peter David Mawby | Director | 2025-06-30 | Feb 1971 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Edward Matthew Scott | Secretary | 2017-03-06 | 2018-08-06 |
| WILSON, David Alan | Secretary | 2018-08-06 | 2021-08-31 |
| CFPRO COSEC LIMITED | Corporate Secretary | 2021-09-06 | 2024-11-11 |
| CHAPMAN, Theodore Edward | Director | 2016-04-10 | 2018-01-31 |
| CHARLTON, John William Charles | Director | 2024-02-29 | 2025-06-30 |
| DEL VALLE DOBLADO, José Luis | Director | 2017-03-06 | 2018-05-09 |
| DONOVAN, Janet Rachel | Director | 2017-04-10 | 2018-05-24 |
| FAULKNER, Ian Miles Spencer, Mr. | Director | 2016-04-10 | 2017-03-12 |
| KATZAROS, George Francis | Director | 2017-02-27 | 2024-02-29 |
| LINDSAY WILLETTS, David, Lord | Director | 2018-04-26 | 2024-02-29 |
| LORD, Timothy | Director | 2018-08-23 | 2020-08-05 |
| MAYHEW, Gavin | Director | 2019-03-01 | 2024-01-02 |
| NESBITT, Geoffrey John | Director | 2017-03-06 | 2020-05-07 |
| RAWLINSON, Anthony Neil | Director | 2017-03-06 | 2019-03-04 |
| RICHARDS, Robert James | Director | 2020-06-01 | 2024-02-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gresham House Asset Management Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2026-04-01 | Active |
| Mr George Francis Katzaros | Individual | ownership-of-shares-75-to-100-percent-as-firm | 2016-04-10 | Ceased 2017-02-28 |
Filing timeline
Last 20 of 142 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-02 RESOLUTIONS Resolution
- 2024-11-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-02 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-17 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2026-04-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-09 | AD02 | address | Change sail address company with old address new address | |
| 2026-04-09 | SH01 | capital | Capital allotment shares | |
| 2025-09-21 | SH01 | capital | Capital allotment shares | |
| 2025-09-15 | SH01 | capital | Capital allotment shares | |
| 2025-09-15 | SH01 | capital | Capital allotment shares | |
| 2025-08-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-07 | AA | accounts | Accounts with accounts type group | |
| 2025-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-01 | SH01 | capital | Capital allotment shares | |
| 2025-04-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-17 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-14 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-11-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-11-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-13 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 5
- Officers appointed
- 1
- 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 2024-12-31 vs 2023-12-31
-
Turnover
+335.1%
£606,000 £2,637,000
-
Cash
+3,538.9%
£54,000 £1,965,000
-
Net assets
+4,157.1%
-£98,000 £3,976,000
-
Employees
+154.5%
11 28
-
Operating profit
-277.7%
-£743,000 -£2,806,000
-
Profit before tax
-114.2%
-£1,344,000 -£2,879,000
-
Wages
+305.2%
£305,000 £1,236,000
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