PROCO-STS LIMITED
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Cash
£3M
+19.6% vs 2024
Net assets
£6M
-4.6% vs 2024
Employees
41
+17.1% vs 2024
Profit before tax
£3.6M
-38.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-04-05
| Metric | Trend | 2020-03-30 | 2021-03-30 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-04-05 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £16,949,246 | £12,154,772 | -28.3% | |
| Operating profit | — | — | — | — | £5,809,326 | £3,598,807 | -38.1% | |
| Profit before tax | — | — | — | — | £5,854,682 | £3,619,134 | -38.2% | |
| Net profit | — | — | — | — | £4,364,526 | £2,710,217 | -37.9% | |
| Cash | £2,960,822 | £2,476,950 | £3,069,905 | £3,135,324 | £2,510,687 | £3,003,212 | +19.6% | |
| Total assets less current liabilities | £3,763,766 | £2,649,002 | — | — | £7,480,577 | £7,802,436 | +4.3% | |
| Net assets | £3,745,146 | £2,628,670 | £3,208,392 | £3,896,102 | £6,260,628 | £5,970,845 | -4.6% | |
| Equity | £3,745,146 | £2,628,670 | £3,208,392 | £3,896,102 | £6,260,628 | £5,970,845 | -4.6% | |
| Average employees | 43 | 39 | 33 | 33 | 35 | 41 | +17.1% | |
| Wages | — | — | — | — | £1,734,452 | £1,890,435 | +9% | |
| Directors' remuneration | — | — | — | — | £92,424 | £92,021 | -0.4% |
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 | 2020-03-30 | 2021-03-30 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-04-05 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 34.3% | 29.6% | |
| Net margin | — | — | — | — | 25.8% | 22.3% | |
| Return on capital employed | — | — | — | — | 77.7% | 46.1% | |
| Current ratio | — | — | — | — | 2.42x | 4.10x |
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
- Consolidated group
- Auditor
- PKF Francis Clark
- Audit opinion
- Qualified
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 original financial statements were authorised for issue.”
Significant events
- “The period to 5 April 2025 saw a reduction in turnover from £16,949,246 to £12,154,772 (and related direct costs) versus an exceptional year to 31 March 2024.”
- “In preparing these financial statements it has been identified that a change in the application of revenue recognition relating to the delivery of customer contracts was required resulting, also, in a restatement of the comparative information which has had a direct impact on the revenue and gross margin recognised as described in note 2.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HYDE, Philip Andrew | Secretary | 2004-03-15 | — | British |
| HYDE, Philip Andrew | Director | 2004-03-15 | Oct 1959 | British |
| SIMS, Glynn | Director | 2004-03-15 | Oct 1969 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORM 10 SECRETARIES FD LTD | Corporate Nominee Secretary | 2004-02-24 | 2004-02-27 |
| CASWELL, Terence Kenneth | Director | 2004-03-15 | 2021-01-27 |
| FORM 10 DIRECTORS FD LTD | Corporate Nominee Director | 2004-02-24 | 2004-02-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Clint Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-12-06 | Active |
| Mr Philip Andrew Hyde | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-12-06 |
Filing timeline
Last 20 of 79 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-30 | CH03 | officers | Change person secretary company with change date | |
| 2026-03-30 | CH01 | officers | Change person director company with change date | |
| 2026-03-30 | CH01 | officers | Change person director company with change date | |
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-24 | CH01 | officers | Change person director company with change date | |
| 2026-02-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-05 | AA | accounts | Accounts with accounts type full | |
| 2025-10-16 | CH01 | officers | Change person director company with change date | |
| 2025-10-16 | CH01 | officers | Change person director company with change date | |
| 2025-10-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-16 | CH03 | officers | Change person secretary company with change date | |
| 2025-10-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-19 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-02-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-20 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-02-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-22 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-03-01 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- 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.