CREDITSAFE SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-17 (in 11mo)
Last made up 2026-04-03
Watchouts
None on the register
Cash
£2M
+22.2% vs 2023
Net assets
£284M
+3.3% vs 2023
Employees
265
-1.1% vs 2023
Profit before tax
£27M
+59.3% vs 2023
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 | £68,232,000 | £78,950,000 | |
| Operating profit | £13,700,000 | £24,120,000 | |
| Profit before tax | £16,688,000 | £26,590,000 | |
| Net profit | £12,498,000 | £21,726,000 | |
| Cash | £1,580,000 | £1,931,000 | |
| Total assets less current liabilities | £276,414,000 | £285,870,000 | |
| Net assets | £274,616,000 | £283,605,000 | |
| Equity | £274,616,000 | £283,605,000 | |
| Average employees | 268 | 265 | |
| Wages | £13,786,000 | £17,856,000 |
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 | 20.1% | 30.6% | |
| Net margin | 18.3% | 27.5% | |
| Return on capital employed | 5.0% | 8.4% | |
| Gearing (liabilities / total assets) | 13.8% | 6.6% | |
| Current ratio | 2.88x | 6.96x | |
| Interest cover | 2.55x | 7.18x |
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
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- CREDITSAFE SERVICES LIMITED · parent
- Creditsafe Canada Inc. 100%
Significant events
- “On 23 June 2025 the Company declared a dividend of £19,500,000.”
- “On 10 February 2025 Creditsafe Business Solutions Limited extended its Revolving Credit Facility of €11,200,000. The agreement includes the Company as a guarantor, however the directors do not expect the Company to be called upon to support the facility.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUGHES, Carys Wyn | Director | 2019-11-04 | Mar 1981 | British |
| SYVERSEN, Cato | Director | 2019-11-04 | Dec 1965 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Magne Jordanger | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2019-11-04 | Active |
Filing timeline
Last 20 of 22 total filings
Material constitutional events — rename, articles re-file, resolution
- 2020-01-08 MA Memorandum articles
- 2019-12-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-02 | AA | accounts | Accounts with accounts type full | |
| 2023-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-04-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-06 | DISS40 | gazette | Gazette filings brought up to date | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-10-05 | GAZ1 | gazette | Gazette notice compulsory | |
| 2021-02-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-01-08 | MA | incorporation | Memorandum articles | |
| 2019-12-02 | RESOLUTIONS | resolution | Resolution | |
| 2019-11-29 | SH01 | capital | Capital allotment shares | |
| 2019-11-28 | 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
- 3
- 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 2024-12-31 vs 2023-12-31
-
Turnover
+15.7%
£68,232,000 £78,950,000
-
Cash
+22.2%
£1,580,000 £1,931,000
-
Net assets
+3.3%
£274,616,000 £283,605,000
-
Employees
-1.1%
268 265
-
Operating profit
+76.1%
£13,700,000 £24,120,000
-
Profit before tax
+59.3%
£16,688,000 £26,590,000
-
Wages
+29.5%
£13,786,000 £17,856,000
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