KENNET EQUIPMENT LEASING LIMITED
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Cash
£3.3m
+7.4% highest in 3 filed years
Net assets
£21m
-13.1% lowest in 3 filed years
Employees
103
-3.7% lowest in 3 filed years
Profit before tax
£2.3m
-0.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £12,352,000 | £13,596,000 | £12,917,000 | -5% | |
| Operating profit | £1,283,000 | £3,520,000 | £3,274,000 | -7% | |
| Profit before tax | -£167,000 | £2,272,000 | £2,261,000 | -0.5% | |
| Net profit | -£177,000 | £1,742,000 | £1,910,000 | +9.6% | |
| Cash | £2,915,000 | £3,039,000 | £3,265,000 | +7.4% | |
| Total assets less current liabilities | £52,677,000 | £43,104,000 | £43,442,000 | +0.8% | |
| Net assets | £25,314,000 | £23,656,000 | £20,566,000 | -13.1% | |
| Equity | £25,314,000 | £23,656,000 | £20,566,000 | -13.1% | |
| Average employees | 110 | 107 | 103 | -3.7% | |
| Wages | £5,191,000 | £4,883,000 | £4,930,000 | +1% | |
| Directors' remuneration | £109,000 | £116,000 | £121,000 | +4.3% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 10.4% | 25.9% | 25.3% | |
| Net margin | -1.4% | 12.8% | 14.8% | |
| Return on capital employed | 2.4% | 8.2% | 7.5% | |
| Gearing (liabilities / total assets) | — | 63.9% | 68.8% | |
| Current ratio | 3.12x | 2.91x | 2.92x | |
| Interest cover | 0.84x | 2.61x | 2.98x |
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
- KENNET EQUIPMENT LEASING LIMITED 2002-12-13 → present
- KENNET CORPORATE SERVICES LIMITED 1990-12-20 → 2002-12-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered the impact on Kennet of the ongoing wars in Ukraine and the Middle East, the impact of US tariffs, and the fluctuations in the rates of inflation, funding costs and the cost of living, and do not consider the impact, in relation to going concern, to be material. On this basis, the directors continue to adopt the going concern basis in preparing Kennet's 2025 financial statements. 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.”
Significant events
- “There are no significant events affecting the company post year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAINTY, Timothy Lawrence | Secretary | 2014-07-31 | — | British |
| DEVOY, Sean Michael, Mr. | Director | 2015-01-01 | Feb 1967 | British |
| SWIFT, Stephen | Director | 1992-01-20 | Dec 1964 | British |
| TAINTY, Timothy Lawrence | Director | 2011-01-01 | Mar 1962 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HURFORD, Peter Alister Charles | Secretary | — | 1992-01-20 |
| SWIFT, Maria Joy | Secretary | 1993-07-30 | 2014-07-31 |
| SWIFT, Stephen | Secretary | 1992-01-20 | 1993-07-30 |
| BURSON, Keith Trevor | Director | 1995-01-21 | 1995-12-15 |
| DEVENNEY, Anthony | Director | 1999-03-22 | 2021-11-26 |
| GOUGH, Paul | Director | 2014-07-31 | 2020-11-30 |
| HIGGINBOTHAM, James | Director | 2020-11-30 | 2024-04-30 |
| HURFORD, Peter Alister Charles | Director | — | 1992-01-20 |
| LAMB, Adrian Christopher | Director | 2012-01-16 | 2021-02-28 |
| MOSS, Robert William Arthur | Director | — | 1993-06-01 |
| SUCKLEY, Mark Stuart | Director | 1999-03-22 | 2021-02-28 |
| SWIFT, Maria Joy | Director | 1999-03-22 | 2014-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Marie-Louise Mallin | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2025-04-16 |
| Mr Anthony Granville Mallin | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 172 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-24 | AA | accounts | Accounts with accounts type full | |
| 2025-12-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-19 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-19 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-19 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-06-12 | AA | accounts | Accounts with accounts type full | |
| 2024-12-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-24 | AA | accounts | Accounts with accounts type full | |
| 2024-05-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2022-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-07-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-07-05 | AA | accounts | Accounts with accounts type group | |
| 2022-06-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-06-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- 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.