1948 GROUP LIMITED
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Cash
£1.2M
-45.4% vs 2023
Net assets
£17M
+17.6% highest in 5 filed years
Employees
171
-13.2% vs 2023
Profit before tax
£3.6M
+53% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £40,481,206 | £32,311,922 | -20.2% | |
| Operating profit | — | — | — | £3,258,652 | £4,485,276 | +37.6% | |
| Profit before tax | — | — | — | £2,358,061 | £3,607,010 | +53% | |
| Net profit | £2,991,757 | £640,671 | £671,413 | £1,757,515 | £2,719,954 | +54.8% | |
| Cash | £487,395 | £320,756 | £935,836 | £2,239,095 | £1,221,870 | -45.4% | |
| Total assets less current liabilities | £13,470,194 | £13,784,214 | £12,349,071 | £23,144,796 | £25,552,109 | +10.4% | |
| Net assets | — | — | — | £14,459,735 | £17,000,092 | +17.6% | |
| Equity | £8,910,569 | £8,886,240 | £8,679,653 | £14,459,735 | £17,000,092 | +17.6% | |
| Average employees | 4 | 4 | 4 | 197 | 171 | -13.2% | |
| Wages | — | — | — | £7,584,987 | £7,226,634 | -4.7% | |
| Directors' remuneration | — | — | — | £482,284 | £412,136 | -14.5% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 8.0% | 13.9% | |
| Net margin | — | — | — | 4.3% | 8.4% | |
| Return on capital employed | — | — | — | 14.1% | 17.6% | |
| Current ratio | — | — | — | 0.82x | 0.83x | |
| Interest cover | — | — | — | 3.57x | 5.04x |
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
- 1948 GROUP LIMITED 2009-11-26 → present
- DOWNFAST LIMITED 1999-02-12 → 2009-11-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Magee Gammon Corporate Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, the directors have prepared the group financial statements on a going concern basis.”
Group structure
- 1948 GROUP LIMITED · parent
- DDS Demolition Limited 100%
- Thanet Waste Services Limited 100%
- Secure Storage Solutions (Kent) Limited 100%
- Downfast Demolition & Salvage Limited 100%
- DDS Group Limited 100%
- Storage Solutions (Kent) Limited 100%
- DDS Environmental Limited 100%
- Reco Ready Mix Limited 100%
- Recomix Limited 100%
- TW Services (Kent) Limited 100%
- Reco Pro Limited 100%
- DDS Contracting Services Limited 100%
Significant events
- “Since the year end date, the company has purchased additional land which it intends to utilise for further development and expansion of activities and trade by the Group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RAY, Leslie John | Secretary | 1999-02-12 | — | British |
| RAY, Leslie John | Director | 1999-02-12 | Jun 1948 | British |
| RAY, Lorraine Winifred | Director | 1999-02-12 | Aug 1951 | British |
| RAY, Spencer Henry | Director | 2006-05-01 | Mar 1974 | British |
| RAY, Wesley | Director | 2006-05-01 | Mar 1977 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRAEME, Dorothy May | Nominee Secretary | 1999-02-12 | 1999-02-12 |
| GRAEME, Lesley Joyce | Nominee Director | 1999-02-12 | 1999-02-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Leslie John Ray | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust), Appoints directors (as trust) | 2026-02-02 | Active |
| Mr Leslie John Ray | Individual | Shares 25–50%, Voting 25–50% | 2016-04-30 | Ceased 2026-02-02 |
| Mrs Lorraine Winifred Ray | Individual | Shares 25–50%, Voting 25–50% | 2016-04-30 | Ceased 2026-02-02 |
Filing timeline
Last 20 of 119 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-14 RESOLUTIONS Resolution
- 2026-02-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-28 | CH01 | officers | Change person director company with change date | |
| 2026-04-28 | CH01 | officers | Change person director company with change date | |
| 2026-03-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-18 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-18 | CH01 | officers | Change person director company with change date | |
| 2026-03-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-14 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-14 | SH08 | capital | Capital name of class of shares | |
| 2026-02-28 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-28 | SH08 | capital | Capital name of class of shares | |
| 2025-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-10 | AA | accounts | Accounts with accounts type group | |
| 2025-02-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-02-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 2
- 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.