HAPPY COMPUTERS LIMITED
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Cash
£413K
-26.7% lowest in 6 filed years
Net assets
-£617K
-167.2% lowest in 6 filed years
Employees
23
0% vs 2024
Profit before tax
-£37K
-129.3% lowest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £1,734,188 | £2,466,054 | £2,545,910 | £2,456,961 | £2,329,571 | -5.2% | |
| Operating profit | — | £41,892 | £331,912 | £143,470 | £72,952 | -£64,962 | -189% | |
| Profit before tax | — | £41,262 | £305,017 | £157,571 | £127,228 | -£37,276 | -129.3% | |
| Net profit | — | £31,646 | £249,527 | £116,870 | £91,517 | £41,179 | -55% | |
| Cash | £593,153 | £787,693 | £1,038,436 | £1,092,360 | £563,822 | £413,323 | -26.7% | |
| Total assets less current liabilities | £498,805 | £530,451 | £742,546 | £835,781 | £927,298 | £149,235 | -83.9% | |
| Net assets | — | £530,451 | £734,226 | £827,461 | £918,978 | -£617,241 | -167.2% | |
| Equity | £498,805 | £530,451 | £734,226 | £827,461 | £918,978 | -£617,241 | -167.2% | |
| Average employees | 25 | 23 | 22 | 23 | 23 | 23 | 0% | |
| Wages | — | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | 2.4% | 13.5% | 5.6% | 3.0% | -2.8% | |
| Net margin | — | 1.8% | 10.1% | 4.6% | 3.7% | 1.8% | |
| Return on capital employed | — | 7.9% | 44.7% | 17.2% | 7.9% | -43.5% | |
| Gearing (liabilities / total assets) | — | — | — | 53.1% | 49.9% | 162.7% | |
| Current ratio | — | — | — | 1.82x | 1.98x | 1.12x | |
| Interest cover | — | 60.45x | — | — | — | — |
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.
Name history
Renamed 1 time since incorporation
- HAPPY COMPUTERS LIMITED 1990-03-26 → present
- RICHFIX LIMITED 1987-11-26 → 1990-03-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Auditor
- Xeinadin Audit Limited
- 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.”
Significant events
- “During the year, a liability was recognised in respect of deferred consideration arising from the company's transition to employee ownership. This has resulted in the company having net liabilities at the reporting date.”
- “In the Apprenticeships section, we offer the Level 3, Level 5 and Level 7 leadership programmes. However, from 2026-27 the Labour Government has withdrawn funding for these.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STEWART, Henry Angus James | Secretary | 1993-10-01 | — | British |
| ACKERMAN, Roy Peter | Director | 1993-10-01 | Jan 1960 | British |
| BUSANI, Cathy Mary | Director | 1999-12-01 | Sep 1961 | British |
| STEWART, Henry Angus James | Director | — | Jun 1959 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASHLEY, Jane Elizabeth | Secretary | — | 1993-10-01 |
| ASHLEY, Jane Elizabeth | Director | — | 1993-10-01 |
| ORME, Ronald William | Director | 2015-02-05 | 2019-10-29 |
| QUARRY, Gareth David | Director | 2003-11-25 | 2011-10-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Happy Employee Ownership Trustee Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2025-02-25 | Active |
| Mr Henry Angus James Stewart | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 162 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-07 RESOLUTIONS Resolution
- 2025-03-10 RESOLUTIONS Resolution
- 2025-03-10 MA Memorandum articles
- 2025-02-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | AA | accounts | Accounts with accounts type full | |
| 2025-07-28 | CH01 | officers | Change person director company with change date | |
| 2025-07-28 | CH03 | officers | Change person secretary company with change date | |
| 2025-07-28 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-07 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-30 | SH01 | capital | Capital allotment shares | |
| 2025-04-25 | AA | accounts | Accounts with accounts type full | |
| 2025-04-25 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-10 | MA | incorporation | Memorandum articles | |
| 2025-02-27 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-02-27 | SH20 | capital | Legacy | |
| 2025-02-27 | CAP-SS | insolvency | Legacy | |
| 2025-02-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-14 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 3
- 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.