NEXGEN HOLDINGS 1 LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-23 (in 2mo)
Last made up 2025-07-09
Watchouts
Cash
£7M
+56.7% vs 2024
Net assets
£26M
+199.6% vs 2024
Employees
2,660
-6.9% vs 2024
Profit before tax
-£1M
+29.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Group and the Company are expected to be hived up into parent company Bidvest Noonan (UK) Ltd during Q4 of 2025 at which time the Group and the Company will cease to trade. Consequently, the directors have prepared the financial statement on a basis other than going concern.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- NEXGEN HOLDINGS 1 LIMITED 2022-06-15 → present
- JUST ASK ESTATE SERVICES HOLDINGS 1 LIMITED 2017-07-10 → 2022-06-15
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 | £85,663,282 | £88,357,282 | |
| Operating profit | £813,049 | -£841,449 | |
| Profit before tax | -£2,055,768 | -£1,446,648 | |
| Net profit | -£3,210,553 | -£1,763,291 | |
| Cash | £4,250,009 | £6,659,697 | |
| Total assets less current liabilities | £22,326,540 | £26,483,923 | |
| Net assets | £8,762,267 | £26,251,835 | |
| Equity | £8,762,267 | £26,251,835 | |
| Average employees | 2,856 | 2,660 | |
| Wages | £44,053,149 | £47,788,402 |
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 | 0.9% | -1.0% | |
| Net margin | -3.7% | -2.0% | |
| Return on capital employed | 3.6% | -3.2% | |
| Current ratio | 1.19x | 1.76x | |
| Interest cover | 0.27x | -1.05x |
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
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Group and the Company are expected to be hived up into parent company Bidvest Noonan (UK) Ltd during Q4 of 2025 at which time the Group and the Company will cease to trade. Consequently, the directors have prepared the financial statement on a basis other than going concern.”
Group structure
- NEXGEN HOLDINGS 1 LIMITED · parent
- Nexgen GRP 2 Ltd 100%
- Nexgen UK3 Ltd 100%
- Just Ask Estate Services Ltd 100%
- Nexgen Facilities Services Ltd 100%
- Nexgen Facilities Services London Ltd 100%
- Nexgen London Ltd 100%
- ADPTC Ltd 100%
- Superclean Services Limited 100%
- London City Cleaning Limited 100%
Significant events
- “On 2 July 2024, Bidvest Noonan (UK) Limited acquired the entire share capital of the company. Following the acquisition, the Unitranche, Acquisition loan facilities and loan notes were repaid and the NatWest Bank Plc Invoice Discounting Facility was discontinued.”
- “It is expected that there will be a hive-up of the trade and assets of all the entities currently within the Nexgen Group to Bidvest Noonan (UK) Limited. This is planned to take place on 1 October 2025”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOYLE, Declan | Director | 2024-07-02 | Feb 1980 | Irish |
| MCDERMOTT, Kathy | Director | 2024-07-02 | Dec 1985 | Irish |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDREW, Jonathan Charles | Director | 2020-03-11 | 2024-07-02 |
| BLACK, Stuart John | Director | 2019-11-05 | 2020-09-11 |
| GIUFFREDI, Paul James | Director | 2017-07-31 | 2019-08-07 |
| HURRELL, James Lewis | Director | 2017-07-10 | 2020-03-11 |
| LITTLE, Mark | Director | 2019-12-11 | 2025-04-30 |
| PEATTIE, Gordon | Director | 2019-12-11 | 2025-06-30 |
| REDPATH, Tom | Director | 2020-03-11 | 2022-09-16 |
| SHIEL, Andrew | Director | 2017-07-31 | 2018-12-18 |
| SIMPSON-DENT, Jonathan Andrew | Director | 2017-07-31 | 2018-07-30 |
| STEVENS, Gary Colin | Director | 2021-12-03 | 2022-02-18 |
| TICEHURST, Peter James | Director | 2017-07-31 | 2024-07-02 |
| BRIDGES FUND MANAGEMENT LIMITED | Corporate Director | 2017-07-31 | 2024-07-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bidvest Noonan (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-07-02 | Active |
| Bridges Community Ventures Nominees Limited As Nominee For Bridges Sustainable Growth Fund Iv Lp | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm, right-to-appoint-and-remove-directors-as-firm | 2017-07-10 | Ceased 2024-07-02 |
Filing timeline
Last 20 of 92 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-07 RESOLUTIONS Resolution
- 2024-06-13 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | SH20 | capital | Legacy | |
| 2026-05-07 | CAP-SS | insolvency | Legacy | |
| 2026-05-07 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-21 | SH01 | capital | Capital allotment shares | |
| 2025-12-17 | AA | accounts | Accounts with accounts type group | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-18 | AA | accounts | Accounts with accounts type group | |
| 2024-07-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-07-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-03 | CH01 | officers | Change person director company with change date | |
| 2024-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-02 | SH03 | capital | Capital return purchase own shares | |
| 2024-06-13 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 3
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+3.1%
£85,663,282 £88,357,282
-
Cash
+56.7%
£4,250,009 £6,659,697
-
Net assets
+199.6%
£8,762,267 £26,251,835
-
Employees
-6.9%
2,856 2,660
-
Operating profit
-203.5%
£813,049 -£841,449
-
Profit before tax
+29.6%
-£2,055,768 -£1,446,648
-
Wages
+8.5%
£44,053,149 £47,788,402
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