CHANGEWORKS RESOURCES FOR LIFE
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-03 (in 1mo)
Last made up 2025-05-20
Watchouts
None on the register
Cash
£3M
+4% vs 2024
Net assets
£8M
+12.4% vs 2024
Employees
227
-4.2% vs 2024
Profit before tax
—
Period ending 2025-03-31
Name history
Renamed 3 times since incorporation
- CHANGEWORKS RESOURCES FOR LIFE 2006-06-06 → present
- LOTHIAN AND EDINBURGH ENVIRONMENTAL PARTNERSHIP 1990-05-31 → 2006-06-06
- HEATCARE EDINBURGH 1987-10-26 → 1990-05-31
- HEATWISE EDINBURGH 1987-03-31 → 1987-10-26
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £14,492,150 | £11,411,620 | |
| Operating profit | — | — | |
| Profit before tax | — | — | |
| Net profit | -£1,325,304 | £889,517 | |
| Cash | £2,743,148 | £2,852,282 | |
| Total assets less current liabilities | £7,209,976 | £8,130,293 | |
| Net assets | £7,198,109 | £8,087,626 | |
| Equity | £7,198,109 | £8,087,626 | |
| Average employees | 237 | 227 | |
| Wages | £7,139,783 | £7,367,024 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Net margin | -9.1% | 7.8% | |
| Gearing (liabilities / total assets) | 29.3% | 24.9% | |
| Current ratio | 2.11x | 2.14x |
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
- CT Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- CHANGEWORKS RESOURCES FOR LIFE · parent
- Changeworks Enterprises Ltd SC207925 100%
Significant events
- “In 2024-25, our growth slowed compared to previous years due to external factors such as the Scottish and UK Government constraining spending.”
- “Last year through our services, including our joint venture Warmworks, we saved 366,677 tonnes of carbon, which is equivalent to the annual carbon emissions arising from the electricity use of 655,809 UK households.”
- “Over 2022-25, we supported 40,115 homes to install energy-saving measures - progress toward our strategic goal of retrofitting 180,000 homes by 2030.”
- “Changeworks held its first Changeworks Connects conference at Dynamic Earth, Edinburgh, bringing together 135 leaders from national policy, local government, social housing, delivery, and supply chains in 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 74 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LOCKHART, Josiah Adam | Secretary | 2022-09-18 | — | — |
| BIRD, Eleanor | Director | 2017-07-24 | Oct 1987 | Scottish |
| COVINGTON, Michael Paul | Director | 2025-06-01 | Aug 1968 | British |
| GARDNER, Abigail | Director | 2021-02-01 | Apr 1994 | British |
| O'HARA, Joanne Lesley | Director | 2019-04-24 | Dec 1966 | British |
| REDVERS, Derek | Director | 2017-04-26 | Apr 1974 | British |
| SAGAYAM, Selina Shanti | Director | 2025-06-01 | Jul 1972 | Malaysian |
| SCOTT, Lindsay Margaret | Director | 2021-02-01 | Aug 1976 | British |
| WALTERS, Nicola | Director | 2019-04-24 | May 1975 | British |
Show 74 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRAY, Teresa Alison | Secretary | 2008-02-26 | 2022-09-19 |
| LEE, Simon Jonathan | Secretary | 2002-04-29 | 2008-02-26 |
| MCGARRY, Daniel | Secretary | — | 1989-06-02 |
| ROSS, Ray | Secretary | 1989-06-02 | 1990-12-07 |
| THORNTON, Michael Christopher | Secretary | — | 2002-04-29 |
| ALDRIDGE, Robert Christopher | Director | 2007-08-21 | 2012-05-30 |
| ALDRIDGE, Robert Christopher | Director | 1992-08-14 | 1999-09-02 |
| ASHTON, Michael | Director | — | 1990-05-21 |
| AYLETT, Anne, Coucillor | Director | 1991-04-05 | 1994-07-07 |
| BURGESS, Stephen Alexander Mackay | Director | 2007-08-21 | 2018-01-31 |
| BURNETT, James | Director | — | 1990-05-21 |
| CHILD, Maureen Margaret, Councillor | Director | 1996-06-28 | 2007-05-22 |
| CHURCH, Mary Madeleine | Director | 2013-03-06 | 2021-01-12 |
| CLAYTON, Anthony Michael Hugh, Dr | Director | 1989-06-27 | 1992-04-10 |
| CLIFFORD, John Gilmore | Director | 1994-09-15 | 1996-05-09 |
| DIXON, Richard Igor John | Director | 1996-09-22 | 2001-03-06 |
| DOUGLAS, Nigel Grant | Director | 2017-04-26 | 2025-11-14 |
| DUNION, Kevin | Director | 1993-10-19 | 1996-09-22 |
| FARRELLY, Robert | Director | 2008-02-26 | 2018-01-31 |
| FLEMING, Adam | Director | 2006-05-23 | 2007-08-21 |
| FORBES, John Stuart | Director | 1996-09-22 | 2000-01-31 |
| FOWLER, Susan Marie | Director | 1992-04-10 | 1996-05-09 |
| GILL, Frank | Director | — | 1990-05-21 |
| HALL, Christopher Scott | Director | 2006-05-23 | 2008-08-07 |
| HANNAH, Anne | Director | — | 1989-11-16 |
| INNES, John | Director | — | 1990-05-21 |
| JENKINSON HAY, Elizabeth | Director | 1996-09-22 | 2000-11-16 |
| KERLEY, Richard | Director | 1987-04-22 | 1990-05-20 |
| KHAN, Ehtisham Ullah Shami | Director | 2003-06-04 | 2007-05-22 |
| LAZAROWICZ, Marek Jerzy | Director | 1990-05-21 | 1990-05-20 |
| LEE, Simon Jonathan | Director | 2002-04-29 | 2004-01-12 |
| LEE, Simon Jonathan | Director | 1990-08-29 | 1993-09-30 |
| LEVETT, Roger | Director | 1990-05-21 | 1994-02-15 |
| LOENING, Ulrich Eduard, Dr | Director | 1990-05-21 | 1994-02-15 |
| LOUGHREY, Ann | Director | 2017-04-26 | 2017-09-26 |
| MACGILP, Jason John | Director | 2023-09-07 | 2025-02-24 |
| MARSHALL, Lawrence | Director | 1996-09-22 | 1999-09-02 |
| MATTHEWS, Edward | Director | — | 1989-08-08 |
| MAXWELL, John Stephen | Director | 1990-08-03 | 1993-08-31 |
| MCGLYNN, Marta | Director | 1996-09-22 | 2003-01-14 |
| MCINNES, Mark, Councillor | Director | 2009-08-19 | 2010-08-24 |
| MCLAREN, Duncan Peter | Director | 2004-05-24 | 2010-08-24 |
| MCVEY, Adam Robert, Cllr | Director | 2015-03-04 | 2017-07-11 |
| MIDDLETON, Stuart | Director | 2010-08-24 | 2012-11-20 |
| MULLIGAN, Margaret Mary | Director | 1996-09-22 | 1999-09-02 |
| MULVEY, John Patrick | Director | 1999-05-01 | 2003-09-11 |
| NICHOL, Martin | Director | — | 1990-05-21 |
| NICHOL, Martin | Director | — | 1990-05-21 |
| NOLAN, Paul Walter | Director | — | 1990-05-21 |
| ORR, James Montrose Ronald, Councillor | Director | 2012-05-30 | 2014-09-23 |
| PAISLEY, Alastair Scott | Director | 1999-09-17 | 2000-06-08 |
| PATERSON, Caryll | Director | 1999-11-03 | 2008-11-18 |
| PERRY, Ian | Director | 1989-05-31 | 2022-02-02 |
| POVEY, William Graham | Director | — | 1990-05-21 |
| POVEY, William | Director | — | 1990-05-21 |
| PURVES, Fay Lesley | Director | 2010-11-23 | 2018-07-27 |
| RUSSELL, Steven John | Director | 2019-04-24 | 2025-11-21 |
| SOMVERVILLE, Margaret, Dr | Director | 2015-03-04 | 2021-10-25 |
| SPEIRS, Andrew Miller | Director | 2011-06-01 | 2015-06-03 |
| SPEIRS, Andrew Miller | Director | 2006-05-23 | 2010-11-23 |
| STUART, William | Director | 1991-04-05 | 1996-05-09 |
| SWEATMAN, Michael Paul Leigh | Director | 2009-08-19 | 2013-11-27 |
| TALBOT, Roger Douglas, Dr | Director | 1997-05-21 | 2003-06-24 |
| THORNTON, Michael Christopher | Director | 1990-05-21 | 1990-05-20 |
| TINDALL, Frank Purser | Director | — | 1989-06-27 |
| TRITTON, Susan Barbara | Director | 2000-06-08 | 2010-05-20 |
| TURNER, Derrick | Director | 2008-11-18 | 2010-09-18 |
| TWEEDIE, Alan | Director | — | 1989-05-31 |
| TWIGG, James Muir | Director | — | 1990-05-21 |
| TWIGG, James Muir | Director | — | 1990-05-21 |
| URQUHART, Christina | Director | 1996-09-22 | 2001-10-30 |
| WEDDELL, Brian, Councillor | Director | 1998-02-27 | 2003-04-30 |
| WRIGHT, Philip | Director | 2010-08-24 | 2021-04-26 |
| YOUNG, Keith John Martin | Director | 2002-12-04 | 2007-02-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Josiah Adam Lockhart | Individual | Significant influence | 2022-09-19 | Ceased 2022-10-12 |
| Ms Teresa Alison Bray | Individual | Significant influence | 2016-06-30 | Ceased 2022-09-19 |
Filing timeline
Last 20 of 263 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-24 | AA | accounts | Accounts with accounts type full | |
| 2025-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-04 | AA | accounts | Accounts with accounts type full | |
| 2024-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-14 | CH01 | officers | Change person director company with change date | |
| 2023-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-05 | AA | accounts | Accounts with accounts type full | |
| 2023-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-12 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2022-10-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-10-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-09-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-09-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-09-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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 2025-03-31 vs 2024-03-31
-
Turnover
-21.3%
£14,492,150 £11,411,620
-
Cash
+4%
£2,743,148 £2,852,282
-
Net assets
+12.4%
£7,198,109 £8,087,626
-
Employees
-4.2%
237 227
-
Wages
+3.2%
£7,139,783 £7,367,024
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