THE POWER OF TALENT MIDCO LTD.
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-31
Confirmation statement due
2026-08-14 (in 3mo)
Last made up 2025-07-31
Watchouts
None on the register
Cash
£46M
+58.2% vs 2024
Net assets
£108M
+154.2% vs 2024
Employees
2,826
-18.2% vs 2024
Profit before tax
-£69M
-202.4% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-01-31
| Metric | Trend | 2024-01-31 | 2025-01-31 |
|---|---|---|---|
| Turnover | £671,747,000 | £581,223,000 | |
| Operating profit | -£5,461,000 | -£45,720,000 | |
| Profit before tax | -£22,702,000 | -£68,651,000 | |
| Net profit | -£9,389,000 | £63,485,000 | |
| Cash | £29,084,000 | £46,010,000 | |
| Total assets less current liabilities | £114,705,000 | £144,919,000 | |
| Net assets | £42,315,000 | £107,564,000 | |
| Equity | £42,315,000 | £107,564,000 | |
| Average employees | 3,453 | 2,826 | |
| Wages | £115,575,000 | £92,424,000 |
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 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|
| Operating margin | -0.8% | -7.9% | |
| Net margin | -1.4% | 10.9% | |
| Return on capital employed | -4.8% | -31.5% | |
| Gearing (liabilities / total assets) | 89.0% | 61.5% | |
| Current ratio | 0.80x | 1.42x | |
| Interest cover | -0.33x | -2.03x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- S&W Partners Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In summary, the directors have a reasonable expectation that the group and the company have adequate resources to continue in operational existence for the foreseeable future being at least 12 months from signing the financial statements, and there are no material uncertainties. Therefore, the financial statements have been prepared on the going concern basis.”
Group structure
- THE POWER OF TALENT MIDCO LTD. · parent
- Harvey Nash Alumni Sp. Z.o.o 100%
- Impact Executive Holdings AG 100%
- Impact Executives (Germany) GmbH 100%
- Harvey Nash Singapore PTE Ltd 100%
- Broadbay Networks Inc 100%
- Scientific & Business Systems Inc 100%
- Applied Concepts Inc 100%
- Harvey Nash AG 100%
- Team4Talent BVBA 100%
- Harvey Nash Next Gen Ltd 100%
Significant events
- “During the year, Nash Squared divested its holdings In NashTech Ltd in December 2024. The divestment of NashTech allows Nash Squared to concentrate on its plans for growth and innovation in its core recruliment brands (Harvey Nash, Talent IT, Spinks and Flexhuis) and the Crimson business.”
- “The Group has completed its subsequent events evaluation for the period subsequent to the balance sheet date of 31 January 2025, through to the date of signing these financial statements. The Group intends to liquidate some of its subsidiaries within 12 months of the balance sheet date...”
- “Between 13 February and 14 March 2025 eight of the Group's subsidiaries have entered into individual invoice discounting facilities with the Belgian bank KBC Commercial Finance NV.”
- “On 25 March 2025 Nash Squared Holdings Limited and Harvey Nash NV entered into a GBP 15m revolving credit and overdrafts facility, secured on those companies' assets.”
- “After the balance sheet date, The Power of Talent Midco has initiated a share buyback on 400 class B and 50 class B1 shares. Once bought back, these shares will be cancelled.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAXBY, Michael Andrew | Secretary | 2018-08-01 | — | — |
| CORRWAY, Brian | Director | 2024-09-27 | Sep 1971 | Irish |
| HACKNEY, Samuel David | Director | 2024-09-27 | Aug 1991 | British |
| HASSETT, Timothy Brian | Director | 2025-08-08 | Mar 1964 | American |
| HAXBY, Michael Andrew | Director | 2018-08-01 | Apr 1972 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MORRISON, David Ian Alexander | Director | 2018-08-01 | 2024-09-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Alexander Paiusco | Individual | Shares 75–100% | 2026-01-13 | Active |
| The Power Of Talent Topco Ltd. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-08-01 | Ceased 2018-09-21 |
Filing timeline
Last 20 of 52 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-24 RESOLUTIONS Resolution
- 2026-03-24 MA Memorandum articles
- 2025-09-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-16 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-04-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-31 | SH01 | capital | Capital allotment shares | |
| 2026-03-24 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-24 | MA | incorporation | Memorandum articles | |
| 2026-01-19 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2026-01-16 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-14 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-10-08 | AA | accounts | Accounts with accounts type group | |
| 2025-09-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-19 | CH01 | officers | Change person director company with change date | |
| 2025-02-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-15 | AA | accounts | Accounts with accounts type full | |
| 2024-02-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 2
- Officers appointed
- 1
- 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 2025-01-31 vs 2024-01-31
-
Turnover
-13.5%
£671,747,000 £581,223,000
-
Cash
+58.2%
£29,084,000 £46,010,000
-
Net assets
+154.2%
£42,315,000 £107,564,000
-
Employees
-18.2%
3,453 2,826
-
Operating profit
-737.2%
-£5,461,000 -£45,720,000
-
Profit before tax
-202.4%
-£22,702,000 -£68,651,000
-
Wages
-20%
£115,575,000 £92,424,000
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