FEDCAP UK
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-10-14 (in 5mo)
Last made up 2025-09-30
Watchouts
None on the register
Cash
£7M
-24.7% vs 2023
Net assets
£4M
-9.8% vs 2023
Employees
483
-17.9% vs 2023
Profit before tax
-£473K
-121.3% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | £48,998,301 | £41,752,956 | |
| Operating profit | — | — | |
| Profit before tax | £2,223,477 | -£472,662 | |
| Net profit | £2,223,477 | -£472,662 | |
| Cash | £9,159,674 | £6,896,095 | |
| Total assets less current liabilities | £6,147,184 | £5,595,746 | |
| Net assets | £4,817,361 | £4,344,699 | |
| Equity | £4,817,361 | £4,344,699 | |
| Average employees | 588 | 483 | |
| Wages | £18,123,526 | £15,560,223 |
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 |
|---|---|---|---|
| Net margin | 4.5% | -1.1% | |
| Current ratio | 1.30x | 1.32x |
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
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The overall improvement of the group's financial position and considering the UK group three-year financial plan, the charity deems it has access to sufficient cash reserves within the UK to meet its financial and working capital requirements as and when required for the 12 month period following the date of signing of this report, ensuring the Charity and its subsidiaries can continue as a going concern.”
Group structure
- FEDCAP UK · parent
- Fedcap Employment Limited 100%
- Fedcap Employment Scotland Limited 100%
- Start Scotland Limited 51%
- Kennedy Scott Limited 100%
Significant events
- “During the reporting period existing contracts continued to perform well with new service offers introduced through funding with a range of local authorities providing services to new customer cohorts and new service products to market.”
- “The organisational workforce stabilised with a reduction in staff attrition, and overall contracts performed relatively well given the external environmental factors, such as the continuing war in Ukraine and a period of political unsettlement before a new government was elected on 4th July 2024.”
- “During the year, the company introduced a new CRM into the contract aimed at enhancing the service, introducing administrative efficiencies and increasing the identification of claims to maximise revenue in the latter stages of the contract.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BREZENOFF, Kenneth Samuel | Director | 2016-11-07 | Jun 1970 | American |
| BRIGINSHAW, Jeffries Richard | Director | 2017-10-23 | Mar 1961 | British |
| FRIEDMAN, Michael | Director | 2020-04-24 | Jan 1947 | American |
| KHOURY, Carol Lynn | Director | 2020-12-22 | Apr 1957 | American |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALDWIN, Susan Jane | Director | 2016-11-07 | 2017-05-31 |
| BELL, Robert Thomas | Director | 2016-11-07 | 2017-05-31 |
| LUTZ, Lorrie Lee | Director | 2016-11-07 | 2020-12-22 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 37 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-18 | CH01 | officers | Change person director company with change date | |
| 2025-06-17 | AA | accounts | Accounts with accounts type group | |
| 2025-06-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-09 | AA | accounts | Accounts with accounts type group | |
| 2023-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-12 | AA | accounts | Accounts with accounts type group | |
| 2022-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-21 | AA | accounts | Accounts with accounts type group | |
| 2022-01-19 | AA | accounts | Accounts with accounts type group | |
| 2021-11-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-03 | DISS40 | gazette | Gazette filings brought up to date | |
| 2021-11-02 | GAZ1 | gazette | Gazette notice compulsory | |
| 2021-10-29 | AA | accounts | Accounts with accounts type group | |
| 2020-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2020-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2020-11-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-18 | CH01 | officers | Change person director company with change date |
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
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30
-
Turnover
-14.8%
£48,998,301 £41,752,956
-
Cash
-24.7%
£9,159,674 £6,896,095
-
Net assets
-9.8%
£4,817,361 £4,344,699
-
Employees
-17.9%
588 483
-
Profit before tax
-121.3%
£2,223,477 -£472,662
-
Wages
-14.1%
£18,123,526 £15,560,223
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