GEEKS HOLDINGS LIMITED

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

KWSR & Co

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“For the year ended 30 September 2024, the group recorded a loss of £110,515 (2023: £40,770 profit) and held net assets of £7,172,747. ... The directors have reviewed detailed forecasts and stress-tested various scenarios and are confident that the group has sufficient resources to meet its obligations and pursue its growth strategy. Accordingly, they consider it appropriate to prepare these financial statements on a going concern basis”

Group structure

1. GEEKS HOLDINGS LIMITED · parent
   1. Geeks Ltd 100% · England & Wales

Significant events

• “The wider economic environment was challenging, marked by geopolitical tensions, high inflation, and reduced investment appetite in technology. Geeks Ltd experienced a fall in demand for its services, a trend seen across the industry, leading to a reduction in turnover.”
• “Economic conditions - Global recessionary pressures and the UK's slow recovery affect clients' willingness to invest in large-scale IT projects.”
• “Political instability - Uncertainty in UK politics continues to influence market confidence and investment timing.”
• “Technological disruption - Rapid developments in Al present both challenges and opportunities, with the group positioned to capitalise due to its established expertise in Al adoption.”
• “Although the pandemic had a huge effect to all walks of life, this is now behind us. The effects of regional conflicts and high inflation have affected the country and have created challenges.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -45.7%

  £4,864,608 → £2,642,590

• Cash

  -48.7%

  £1,142,839 → £586,529

• Net assets

  -1.5%

  £7,283,262 → £7,172,867

• Employees

  -60.6%

  66 → 26

• Operating profit

  -1,153.2%

  £5,129 → -£54,020

• Profit before tax

  -370.8%

  £40,770 → -£110,395

• Wages

  -42.4%

  £2,769,055 → £1,595,299

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