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Next accounts due

2026-12-31 (in 7mo)

Last filed for 2025-03-31

Confirmation statement due

2026-08-27 (in 3mo)

Last made up 2025-08-13

Watchouts

None on the register

Cash

£33M

+36.3% vs 2024

Net assets

£26M

+14.9% vs 2024

Employees

78

+2.6% vs 2024

Profit before tax

£28M

-55.6% vs 2024

Accounts

2-year trend · latest reflected 2025-03-31

Metric Trend 2024-03-312025-03-31
Turnover £174,266,860£163,077,223
Operating profit £62,678,090£27,204,089
Profit before tax £63,851,947£28,360,207
Net profit £63,851,947£28,360,207
Cash £24,278,495£33,088,049
Total assets less current liabilities £25,432,607£29,505,282
Net assets £22,553,807£25,914,014
Equity £22,553,807£25,914,014
Average employees 7678
Wages £52,943,690£62,511,563

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 2024-03-312025-03-31
Operating margin 36.0%16.7%
Net margin 36.6%17.4%
Return on capital employed 246.4%92.2%
Gearing (liabilities / total assets) 39.3%45.5%
Current ratio 3.00x2.51x

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 Management Committee believes that the LLP is well placed to manage its business risks successfully. The Management Committee has a reasonable expectation that the LLP will continue to have adequate resources and has also assessed the financial resources, performance, and client base of DESCO LP to arrive at a determination that the LLP will have adequate capital to meet its obligations for at least 12 months from the date the financial statements are available to be issued. Therefore, the Management Committee continues to adopt the going concern basis of accounting in preparing the financial statements.”

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

People

2 active · 1 resigned

Name Role Appointed Born Nationality
D. E. SHAW & CO. (U.K.), LTD. Corporate Llp Designated Member 2012-08-21
GAUDIO, Julius Llp Member 2013-04-08 Oct 1970
Show 1 resigned officer
Name Role Appointed Resigned
COSGROVE, Neil Paul Llp Designated Member 2012-08-21 2018-04-30

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr Julius Ralph Gaudio Individual significant-influence-or-control-limited-liability-partnership 2016-04-06 Ceased 2023-12-31
Mr Neil Paul Cosgrove Individual significant-influence-or-control-limited-liability-partnership 2016-04-06 Ceased 2018-04-30
D. E. Shaw & Co. (U.K.), Ltd. Corporate entity voting-rights-75-to-100-percent-limited-liability-partnership, right-to-share-surplus-assets-75-to-100-percent-limited-liability-partnership, right-to-appoint-and-remove-members-limited-liability-partnership 2016-04-06 Active

Filing timeline

Last 20 of 33 total filings

Date Type Category Description
2026-01-05 AA accounts Accounts with accounts type full
2025-08-21 LLCS01 confirmation-statement Confirmation statement with no updates PDF
2025-01-05 AA accounts Accounts with accounts type full
2024-08-20 LLCS01 confirmation-statement Confirmation statement with no updates PDF
2024-01-19 LLPSC07 persons-with-significant-control Cessation of a person with significant control limited liability partnership PDF
2024-01-13 AA accounts Accounts with accounts type full
2023-08-14 LLCS01 confirmation-statement Confirmation statement with no updates PDF
2023-01-09 AA accounts Accounts with accounts type full
2022-08-19 LLCS01 confirmation-statement Confirmation statement with no updates PDF
2022-08-08 LLPSC05 persons-with-significant-control Change to a person with significant control limited liability partnership PDF
2021-12-20 AA accounts Accounts with accounts type full
2021-08-13 LLCS01 confirmation-statement Confirmation statement with no updates PDF
2020-12-18 AA accounts Accounts with accounts type full
2020-08-19 LLCS01 confirmation-statement Confirmation statement with no updates PDF
2019-12-12 AA accounts Accounts with accounts type full
2019-09-03 LLCS01 confirmation-statement Confirmation statement with no updates PDF
2018-12-12 AA accounts Accounts with accounts type full
2018-08-27 LLCS01 confirmation-statement Confirmation statement with no updates PDF
2018-06-28 LLPSC07 persons-with-significant-control Cessation of a person with significant control limited liability partnership PDF
2018-06-28 LLTM01 officers Termination member limited liability partnership with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
2

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.

Year-on-year

FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31

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

Official Companies House page