CORRELA LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-05 (in 5mo)
Last made up 2025-09-21
Watchouts
None on the register
Cash
£14M
+56.8% vs 2023
Net assets
£16M
+61.8% vs 2023
Employees
348
-10.3% vs 2023
Profit before tax
£8M
+375% vs 2023
Name history
Renamed 1 time since incorporation
- CORRELA LIMITED 2021-01-29 → present
- XOSERVE SUBSIDIARY A LTD 2020-12-04 → 2021-01-29
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 | £70,513,000 | £69,573,000 | |
| Operating profit | £4,406,000 | £7,887,000 | |
| Profit before tax | £1,705,000 | £8,098,000 | |
| Net profit | £1,820,000 | £8,129,000 | |
| Cash | £9,207,000 | £14,441,000 | |
| Total assets less current liabilities | £10,623,000 | £16,581,000 | |
| Net assets | £9,890,000 | £16,000,000 | |
| Equity | £9,890,000 | £16,000,000 | |
| Average employees | 388 | 348 | |
| Wages | £20,437,000 | £20,810,000 |
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 | 6.2% | 11.3% | |
| Net margin | 2.6% | 11.7% | |
| Return on capital employed | 41.5% | 47.6% | |
| Gearing (liabilities / total assets) | 64.8% | 49.3% | |
| Current ratio | 1.48x | 1.96x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The going concern basis has been adopted in preparing these financial statements. The going concern assessment considered baseline growth forecasts prepared through to 31 May 2026 and took into account current and future economic developments. In making their assessment, the Directors reviewed the principal risks and uncertainties, as detailed within the strategic report, and considered which risks and uncertainties might threaten the Company's going concern status.”
Group structure
- CORRELA LIMITED · parent
- Cloud KB Limited 1%
- Meter Asset Tracking Services Limited 1%
- Climanet Limited 1%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JESSUP, Alexander Robert | Director | 2022-10-17 | Sep 1978 | British |
| JONES, Sian Julia | Director | 2020-12-04 | Mar 1978 | British |
| SIMPSON, Sandra Louise | Director | 2021-03-31 | Jun 1973 | British |
| SZABO, Andrew Frank | Director | 2021-03-31 | Aug 1980 | British |
| TROMANS, Sarah Barbara | Director | 2023-11-03 | Aug 1981 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PALMER, Victoria Margaret | Secretary | 2021-03-01 | 2021-04-30 |
| BOWEN, David Randall John | Director | 2022-05-25 | 2023-10-20 |
| FOSTER, Lee Robert | Director | 2021-03-31 | 2023-03-31 |
| NAYLOR, Mark Mckenzie | Director | 2022-01-25 | 2022-10-17 |
| SPOTTISWOODE, Clare Mary Joan | Director | 2020-12-04 | 2021-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Project Mercury Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-03-31 | Active |
| Xoserve Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-12-04 | Ceased 2021-03-31 |
Filing timeline
Last 20 of 42 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-06-18 | AD03 | address | Move registers to sail company with new address | |
| 2025-06-18 | AD02 | address | Change sail address company with new address | |
| 2024-12-31 | SH01 | capital | Capital allotment shares | |
| 2024-10-10 | AA | accounts | Accounts with accounts type full | |
| 2024-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-08-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 1
- 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
-1.3%
£70,513,000 £69,573,000
-
Cash
+56.8%
£9,207,000 £14,441,000
-
Net assets
+61.8%
£9,890,000 £16,000,000
-
Employees
-10.3%
388 348
-
Operating profit
+79%
£4,406,000 £7,887,000
-
Profit before tax
+375%
£1,705,000 £8,098,000
-
Wages
+1.8%
£20,437,000 £20,810,000
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