EULER HERMES SERVICES UK LIMITED
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Cash
£14m
-34.3% lowest in 3 filed years
Net assets
-£1.9m
+69.7% highest in 3 filed years
Employees
297
-5.7% lowest in 3 filed years
Profit before tax
£8m
+23.2% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
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 | £68,042,000 | £68,778,000 | £68,302,000 | -0.7% | |
| Operating profit | £5,949,000 | £7,829,000 | £7,150,000 | -8.7% | |
| Profit before tax | £4,886,000 | £6,499,000 | £8,009,000 | +23.2% | |
| Net profit | £4,127,000 | £4,871,000 | £5,407,000 | +11% | |
| Cash | £23,389,000 | £20,600,000 | £13,543,000 | -34.3% | |
| Total assets less current liabilities | -£8,449,000 | -£1,835,000 | £2,146,000 | +216.9% | |
| Net assets | -£11,774,000 | -£6,199,000 | -£1,879,000 | +69.7% | |
| Equity | -£11,774,000 | -£6,199,000 | -£1,879,000 | +69.7% | |
| Average employees | 321 | 315 | 297 | -5.7% | |
| Wages | £31,402,000 | £32,458,000 | £32,672,000 | +0.7% | |
| Directors' remuneration | £1,827,000 | £1,856,000 | £1,515,000 | -18.4% |
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 | 8.7% | 11.4% | 10.5% | |
| Net margin | 6.1% | 7.1% | 7.9% | |
| Return on capital employed | — | — | 333.2% | |
| Gearing (liabilities / total assets) | 116.4% | 108.2% | 102.8% | |
| Current ratio | 0.65x | 0.72x | 0.75x | |
| Interest cover | 1.92x | 2.96x | 6.27x |
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 3 times since incorporation
- EULER HERMES SERVICES UK LIMITED 2011-12-23 → present
- EULER HERMES MANAGEMENT UK LIMITED 2007-11-28 → 2011-12-23
- EULER UK GROUP SERVICES LIMITED 1997-09-24 → 2007-11-28
- EDENGREEN LIMITED 1997-05-27 → 1997-09-24
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Euler Hermes S.A. (N.V.) has indicated through a signed letter of support, that for at least 12 months from the date of approval of these financial statements, Euler Hermes S.A. (N.V.) will continue to make available liquidity support as and when needed by the Company.”
Significant events
- “The key risk of the performance of the scheme assets is now mitigated by the Buy In agreement signed in December 2023 with Just Insurance Limited.”
- “After the recent implementation of the new policy management system, the trade credit insurance product offering has been harmonised affording benefits for customers and aiding internal processes.”
- “A new product named Grade Check has been launched in 2025 and this is expected to boost risk revenue.”
- “The Company further advanced in 2025 progress against sustainability targets which is in line with the wider objectives of the Allianz group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 53 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WINTER, Jekaterina | Secretary | 2014-09-01 | — | British |
| BRAMALL, Stephen | Director | 2023-07-04 | Nov 1981 | British |
| EVOLA, Peter Edward | Director | 2023-12-01 | Jun 1986 | British |
| IRONSIDE, Craig William | Director | 2025-08-01 | Mar 1971 | British |
| SCOTT, Steven Paul | Director | 2015-06-01 | Jan 1967 | British |
| SMITH, Linda Ellen | Director | 2026-03-10 | Apr 1971 | British |
| WILLIAMS, Matthew Alun | Director | 2024-02-13 | Jul 1978 | British |
Show 53 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Jan | Secretary | 2000-05-01 | 2005-02-04 |
| BARNETT, Richard Nicholas | Secretary | 2008-01-01 | 2014-08-15 |
| GRANEY, Karen Lindsey | Secretary | 1999-06-23 | 1999-11-29 |
| JOHNSTON, Donna | Secretary | 1999-11-29 | 2000-05-01 |
| KALER, Satinder | Secretary | 2007-01-23 | 2007-12-31 |
| MOSES, Rebecca | Secretary | 2005-02-05 | 2007-01-22 |
| STEADMAN, Valentine Germaine Cecile | Secretary | 1997-09-12 | 1999-06-23 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Secretary | 1997-05-27 | 1997-09-12 |
| BARNETT, Richard Nicholas | Director | 2008-01-01 | 2012-08-01 |
| BELL, James Iain | Director | 2010-07-21 | 2010-12-24 |
| BENNETT, Ian Malcolm | Director | 2012-07-18 | 2015-04-30 |
| BENZIES, Russell James | Director | 1997-09-12 | 2002-06-17 |
| BISHOP, John Henry | Director | 1997-11-18 | 1998-11-13 |
| BOCHOT, Marine | Director | 2021-10-01 | 2026-03-10 |
| BOCHOT, Marine | Director | 2014-07-02 | 2020-03-31 |
| BOGAERTS, Aemilius Wilhelmus | Director | 2016-03-11 | 2021-09-30 |
| CHARLTON, Peter John | Director | 1997-05-27 | 1997-09-12 |
| CRITTENDEN, Barry | Director | 1997-11-18 | 2001-11-30 |
| DALY, James Paul | Director | 2008-01-01 | 2009-12-31 |
| DE BRESSER, Michael Petrus | Director | 2017-07-01 | 2019-12-31 |
| DEFRAIGNE, Etienne Marie Isidore Jean Lambert | Director | 2012-10-24 | 2016-06-23 |
| DESNOS, Fabrice Michel Jacques | Director | 2016-06-23 | 2021-06-20 |
| DESNOS, Fabrice | Director | 2008-01-01 | 2012-02-29 |
| DOWLE, Melissa | Director | 2013-10-03 | 2017-06-30 |
| EREMIA, Carmen Sorina | Director | 2025-07-01 | 2026-03-10 |
| FLANAGAN, Paul Patrick | Director | 2012-10-24 | 2016-04-13 |
| FRANCIS, Neil | Director | 2008-01-01 | 2011-04-08 |
| GEORGE, Antoine Luc Marie | Director | 2016-06-23 | 2020-05-14 |
| HANOMAN, Fiona Catherine | Director | 2011-06-20 | 2012-08-14 |
| HODSON, Andrew Mark | Director | 2020-06-01 | 2023-05-31 |
| LIMON DUPARCMEUR, Loeiz Pierre Marie Francois | Director | 2008-01-22 | 2010-03-02 |
| MACAULEY, Kristopher Patrick | Director | 2016-07-04 | 2023-11-24 |
| MERCER, Philip | Director | 2008-01-01 | 2012-07-17 |
| MEYER, Regis Jean Hugues | Director | 2010-03-24 | 2012-06-29 |
| MOLLARD, Michael Albert Antoine | Director | 2002-06-17 | 2002-08-05 |
| MURROW, Sarah | Director | 2017-11-15 | 2025-06-30 |
| NECKERMANN, Lukas | Director | 2011-06-20 | 2013-08-02 |
| NOLAN, David | Director | 2012-10-24 | 2016-01-31 |
| ORAM, Stephen Bernard | Director | 2001-12-18 | 2003-01-24 |
| OZUNER, Ozlem | Director | 2020-04-06 | 2022-09-30 |
| PATON, Andrew Roger | Director | 2008-01-22 | 2011-03-11 |
| PERINELLI, Valerio | Director | 2015-07-01 | 2017-03-31 |
| POTTS, Andrew James | Director | 2011-06-20 | 2012-07-17 |
| RAGEOT, Sébastien | Director | 2020-05-18 | 2025-06-30 |
| RICHARDS, Martin Edgar | Director | 1997-05-27 | 1997-09-12 |
| RINCON JIMENEZ, Rodrigo | Director | 2021-10-01 | 2025-06-30 |
| SEMELIN, Benoit Charles | Director | 2025-07-01 | 2026-03-10 |
| SENECAUT, Ludovic Sebastien Juvenal | Director | 2013-02-20 | 2016-06-23 |
| STENNETT, Steven Colm | Director | 2023-02-15 | 2023-11-16 |
| VAN KAATHOVEN, Gerardus Johannes Cornelis Maria | Director | 2012-03-20 | 2015-06-30 |
| WEBSTER, Richard John | Director | 2002-08-05 | 2007-12-31 |
| WHITE, Charlotte Anne | Director | 2008-01-01 | 2011-05-18 |
| WYATT, Mark Stephen Bernard | Director | 2008-01-01 | 2014-03-28 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 210 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-06 | AA | accounts | Accounts with accounts type full | |
| 2026-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-06-08 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2026-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-23 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-23 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | AA | accounts | Accounts with accounts type full | |
| 2024-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-01 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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.