AZETS HOLDINGS LIMITED
Formerly known as Baldwins Holdings Limited, the company serves as a holding entity for the Azets accounting, auditing, and business advisory group in the UK.
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Cash
£5.5M
-35.7% vs 2024
Net assets
-£29M
+33.4% vs 2024
Employees
3,373
-3.3% vs 2024
Profit before tax
£9.9M
+227.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-30
| Metric | Trend | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £283,656,000 | £310,697,000 | +9.5% | |
| Operating profit | £10,778,000 | £23,425,000 | +117.3% | |
| Profit before tax | £3,017,000 | £9,871,000 | +227.2% | |
| Net profit | £7,113,000 | £13,799,000 | +94% | |
| Cash | £8,634,000 | £5,549,000 | -35.7% | |
| Total assets less current liabilities | £236,483,000 | £239,562,000 | +1.3% | |
| Net assets | -£44,113,000 | -£29,373,000 | +33.4% | |
| Equity | -£44,113,000 | -£29,373,000 | +33.4% | |
| Average employees | 3,487 | 3,373 | -3.3% | |
| Wages | £170,559,000 | £177,723,000 | +4.2% | |
| Directors' remuneration | £706,000 | £787,000 | +11.5% |
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 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Operating margin | 3.8% | 7.5% | |
| Net margin | 2.5% | 4.4% | |
| Return on capital employed | 4.6% | 9.8% | |
| Gearing (liabilities / total assets) | 114.8% | 109.4% | |
| Current ratio | 1.69x | 1.49x | |
| Interest cover | 0.80x | 1.73x |
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
- AZETS HOLDINGS LIMITED 2020-09-08 → present
- BALDWINS HOLDINGS LIMITED 2007-09-10 → 2020-09-08
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate. Funding is provided to the company through intercompany borrowings from other companies within Azets. As at 30 June 2025, there were outstanding loans of £222.0 million which are not repayable before 31 March 2027.”
Group structure
- AZETS HOLDINGS LIMITED · parent
- Azets (Ashby) Limited 100%
- Azets (Cannock) Limited 100%
- Azets (Cheltenham) Limited 100%
- Azets (Coventry) Limited 100%
- Azets (North East) Limited 100%
- Azets (Tamworth) Limited 100%
- Azets (Walsall) Limited 100%
- Azets (Wolverhampton) Limited 100%
- Azets (Yarm) Limited 100%
- Azets Corporate Finance Limited 100%
- Azets Corporate Services Limited 100%
- Azets (MCC) Limited 100%
- Azets PS Limited 100%
- Azets (Holywell) Limited 100%
- Azets (B&A) Limited 100%
- Azets (BDM) Limited 100%
- Azets Debt Solutions Limited 100%
- Azets (CD) Limited 100%
- Titanium Trustees Limited 100%
- Azets (CHBS) Limited 100%
- Azets (CHG) Limited 100%
- Azets (Peterborough) Limited 100%
- Azets Financial Planning Limited 100%
- Roffe Swayne Limited 100%
- Azets Inspire Ventures & Investments Ltd 100%
- Azets Inspire Professional Services Limited 100%
- Azets ait Walker Management Limited 100%
- Azets Wealth Management Limited 100%
- Azets G & E Professional Services Limited 100%
- Azets Garbutt & Elliott LLP 100%
- Don't Fret About Dest Limited 100%
- Azets Sandisons Limited 100%
- Naylor Wintersgill Limited 100%
- Azets Milne Craig Holdings Limited 100%
- Azets Milne Craig 100%
- Azets LA Holdings Limited 100%
- Azets LA Limited 100%
Significant events
- “During the year, the company completed the acquisition and the hive-up of Azets Milne Craig Limited, a professional services firm based in Paisley, providing accountancy, tax and advisory Services to clients in the Glasgow region.”
- “On 1 September 2025, the company acquired 100% of the interests in Ensors Accountants LLP ("Ensors") for consideration of approximately £35 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AIKMAN, David William | Director | 2024-08-01 | Jul 1978 | British |
| PARKHOUSE, Sophie Louise | Director | 2024-08-01 | Nov 1985 | British |
| PAYNE, William James Benedict | Director | 2018-09-28 | May 1965 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SOUTHALL, Stephen Norman | Secretary | 2007-09-10 | 2020-06-19 |
| HCS SECRETARIAL LIMITED | Corporate Nominee Secretary | 2007-09-10 | 2007-09-10 |
| BALDWIN, David James | Director | 2007-09-10 | 2020-04-21 |
| BALDWIN, John Arthur | Director | 2007-09-10 | 2020-04-21 |
| CLIFFORD, Paul Michael | Director | 2021-04-22 | 2024-08-01 |
| KNIGHT, Shaun Lee | Director | 2016-05-05 | 2020-04-21 |
| OWENS, David William | Director | 2021-04-22 | 2023-06-30 |
| SOUTHALL, Stephen Norman | Director | 2007-09-10 | 2020-06-19 |
| WARBURTON, Carol Susan | Director | 2020-06-01 | 2024-08-01 |
| HANOVER DIRECTORS LIMITED | Corporate Nominee Director | 2007-09-10 | 2007-09-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lynx Uk Holdco Limited | Corporate entity | Significant influence | 2023-10-31 | Active |
| Hg Pooled Management Limited | Corporate entity | Significant influence (as firm) | 2023-10-31 | Active |
| Hgcapital 7 Nominees Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-31 | Ceased 2023-10-31 |
| Hg Pooled Management Limited | Corporate entity | Significant influence | 2016-10-31 | Ceased 2016-10-31 |
| Mr David James Baldwin | Individual | Shares 25–50%, Voting 25–50%, Significant influence | 2016-07-01 | Ceased 2016-10-31 |
| Mr Stephen Norman Southall | Individual | Shares 25–50%, Voting 25–50%, Significant influence | 2016-07-01 | Ceased 2016-10-31 |
| Mr John Arthur Baldwin | Individual | Shares 25–50%, Voting 25–50%, Significant influence | 2016-07-01 | Ceased 2016-10-31 |
Filing timeline
Last 20 of 138 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | CH01 | officers | Change person director company with change date | |
| 2026-03-03 | AA | accounts | Accounts with accounts type full | |
| 2025-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-18 | AA | accounts | Accounts with accounts type full | |
| 2024-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-22 | RP04PSC02 | persons-with-significant-control | Second filing notification of a person with significant control | |
| 2024-07-22 | RP04PSC02 | persons-with-significant-control | Second filing notification of a person with significant control | |
| 2024-02-22 | AA | accounts | Accounts with accounts type full | |
| 2024-01-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-24 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-11-24 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-11-24 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-09-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.