VERTAGE LIMITED
Formerly listed on AIM, this private company is a global provider of managed services and specialist staffing across multiple professional sectors, operating as a subsidiary of Headfirst Global Plc.
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Cash
£8.7m
-90% lowest in 3 filed years
Net assets
-£29m
-135.1% lowest in 3 filed years
Employees
24
-98.5% lowest in 3 filed years
Profit before tax
-£36m
-72.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Accordingly, these events and conditions indicate the existence of a material uncertainty that may cast significant doubt upon the Company's ability to continue as a going concern.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-02
| Metric | Trend | 2024-01-05 | 2025-01-03 | 2026-01-02 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £2,076,200,000 | £1,851,400,000 | £899,000 | -100% | |
| Operating profit | £17,200,000 | -£6,100,000 | -£2,384,000 | +60.9% | |
| Profit before tax | £13,500,000 | -£21,100,000 | -£36,365,000 | -72.3% | |
| Net profit | — | -£22,300,000 | -£32,827,000 | -47.2% | |
| Cash | £108,100,000 | £87,000,000 | £8,657,000 | -90% | |
| Total assets less current liabilities | £172,300,000 | £380,400,000 | £117,966,000 | -69% | |
| Net assets | £165,000,000 | £83,100,000 | -£29,139,000 | -135.1% | |
| Equity | £165,000,000 | £83,100,000 | -£29,139,000 | -135.1% | |
| Average employees | 1,962 | 1,570 | 24 | -98.5% | |
| Wages | £515,900,000 | £400,300,000 | £435,000 | -99.9% | |
| Directors' remuneration | £1,200,000 | £13,200,000 | — | — | |
| Directors' pension contributions | £100,000 | £68,000 | — | — | |
| Highest paid director | £600,000 | £10,477,000 | — | — |
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 | 2024-01-05 | 2025-01-03 | 2026-01-02 |
|---|---|---|---|---|
| Operating margin | 0.8% | -0.3% | — | |
| Net margin | — | -1.2% | — | |
| Return on capital employed | 10.0% | -1.6% | -2.0% | |
| Gearing (liabilities / total assets) | 80.3% | — | 109.0% | |
| Current ratio | 1.03x | 1.70x | 0.08x | |
| Interest cover | 3.25x | -0.38x | -0.21x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 4 times since incorporation — the current trading name was adopted 2026-09-24
- VERTAGE LIMITED 2026-09-24 → present
- IMPELLAM GROUP LIMITED 2024-04-25 → 2026-09-24
- IMPELLAM GROUP PLC 2008-03-04 → 2024-04-25
- IMPELUM GROUP PLC 2008-03-03 → 2008-03-04
- ALNERY NO.2770 PLC 2008-02-21 → 2008-03-03
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Accordingly, these events and conditions indicate the existence of a material uncertainty that may cast significant doubt upon the Company's ability to continue as a going concern.”
Group structure
- VERTAGE LIMITED · parent
- BMS Limited 100%
- Carbon60 Limited 100%
- Carlisle Cleaning Services Holdings Limited 100%
- Carlisle Group Limited 100%
- Carlisle Nominees Limited 100%
- Carlisle Staffing Services Holdings Limited 100%
- Carlisle Staffing Services Limited 100%
- Comensura Limited 100%
- Flexy Corporation Limited 100%
- Guidant Global-Europe Limited 100%
- Guidant Global UK Limited 100%
- Impellam Holdings Limited 100%
- Impellam UK Limited 100%
- Laybridge Limited 100%
- Lorien Limited 100%
- Lorien Resourcing Limited 100%
- OneTrue Limited 100%
- Science Recruitment Group Limited 100%
- Younifi Limited 100%
- Comensura Pty Limited 100%
- Impellam APAC Pty Ltd 100%
- Guidant Global Belgium NV 100%
- Bartech Technical Services of Canada Limited 100%
- Canada Corporate Employment Resources ULC 100%
- Guidant Group Canada ULC 100%
- Guidant Global India Private Limited 100%
- Guidant Global France 100%
- Impellam GmbH 100%
- Carlisle Security (Holdings) Limited 100%
- Carlisle Security Limited 100%
- Carlisle Staffing Services Ireland Limited 100%
- Irish Recruitment Consultants Limited 100%
- Bartech Mexico S, de RL de CV 100%
- Guidant Global Mexico, S.A. de C.V. 100%
- Guidant Global Puerto Rico Inc 100%
- Guidant Global SG Pte Ltd 100%
- Carbon60 AG 100%
- Guidant Global Switzerland AG 100%
- Barpellam Funding LLC 100%
- CER Canada Holding Inc. 100%
- CER Funding LLC 100%
- Impellam NA Support Services Inc 100%
- Corporate Employment Resources Inc. 100%
- Corporate Services Group Holdings Inc. 100%
- Guidant Global Funding LLC 100%
- Guidant Global Inc. 100%
- Guidant Global Holding Corporation 100%
- Guidant Group Inc. 100%
- Guidant Global Canada Holding Inc. 100%
- Guidant Group Funding LLC 100%
- Impellam NA Funding LLC 100%
- Barpellam Inc 49%
- Bartech Technical Services LLC 100%
- Guidant Global Mexico Holding LLC 100%
Significant events
- “The Company changed its name from Impellam Group Limited to Vertage Limited effective from 24 September 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOORE, Simon Ian | Director | 2026-03-31 | Feb 1978 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRIANT, Timothy | Secretary | 2023-03-03 | 2026-03-31 |
| WATSON, Rebecca Jane | Secretary | 2008-03-03 | 2023-03-03 |
| ALNERY INCORPORATIONS NO.1 LIMITED | Corporate Secretary | 2008-02-21 | 2008-03-03 |
| ASHCROFT, Michael Anthony, Lord | Director | 2014-12-16 | 2024-03-21 |
| BRADFORD, Richard James | Director | 2008-03-03 | 2008-07-31 |
| BRIANT, Timothy | Director | 2020-02-20 | 2026-03-31 |
| BURCHALL, Andrew Jeremy | Director | 2008-05-07 | 2014-07-31 |
| CAREY, Adrian Courtney | Director | 2008-05-07 | 2008-07-30 |
| DOYLE, Desmond Mark Christopher | Director | 2008-05-07 | 2009-05-14 |
| ENTWISTLE, Angela Elizabeth | Director | 2012-09-24 | 2024-03-21 |
| ETTLING, Mike | Director | 2013-09-02 | 2024-03-21 |
| HARWERTH, Elizabeth Noel | Director | 2008-05-07 | 2011-02-28 |
| JONES, Cheryl Christine | Director | 2008-08-14 | 2012-11-05 |
| JOPP, Lincoln Peter Munro | Director | 2013-01-24 | 2014-07-09 |
| KELLIHER, Eileen | Director | 2012-05-15 | 2014-11-10 |
| LAURIE, Michael Ivan | Director | 2014-07-30 | 2024-03-21 |
| MAHONEY, Kevin David | Director | 2008-03-03 | 2012-09-24 |
| MEE, Darren | Director | 2015-02-02 | 2016-07-28 |
| O'NEILL, Derek Patrick | Director | 2014-11-10 | 2018-05-31 |
| ROBERTSON, Julia | Director | 2013-04-05 | 2025-02-05 |
| ROWLEY, John | Director | 2008-05-07 | 2011-02-28 |
| SCOULAR, Valerie Anne | Director | 2008-05-07 | 2011-02-28 |
| STEPHENSON, Paul Robert, Sir | Director | 2014-07-30 | 2017-12-31 |
| STONE, Shane Leslie | Director | 2011-09-16 | 2017-11-15 |
| STOWELL, Tina Wendy, Baroness | Director | 2017-10-13 | 2024-03-21 |
| WESTON, Joanne | Director | 2025-02-05 | 2026-09-11 |
| WILFORD, Alison Louise | Director | 2016-07-28 | 2018-10-31 |
| WILSON, Andrew Stephen | Director | 2008-05-07 | 2014-05-15 |
| ALNERY INCORPORATIONS NO. 2 LIMITED | Corporate Director | 2008-02-21 | 2008-03-03 |
| ALNERY INCORPORATIONS NO.1 LIMITED | Corporate Director | 2008-02-21 | 2008-03-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Headfirst Global Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-21 | Active |
| Lord Michael Ashcroft | Individual | Shares 50–75% (as trust), Voting 50–75% (as trust), Significant influence | 2016-04-06 | Ceased 2024-03-21 |
Filing timeline
Last 20 of 725 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-09-24 CERTNM Certificate change of name company PDF
- 2024-04-25 CERT10 Certificate re registration public limited company to private
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-07 | AA | accounts | Accounts with accounts type full | |
| 2026-09-24 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-08 | AA | accounts | Accounts with accounts type group | |
| 2025-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-08-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-11 | AA | accounts | Accounts with accounts type group | |
| 2024-05-04 | AD03 | address | Move registers to sail company with new address | |
| 2024-05-02 | AD02 | address | Change sail address company with old address new address | |
| 2024-05-02 | CH01 | officers | Change person director company with change date | |
| 2024-05-02 | CH03 | officers | Change person secretary company with change date | |
| 2024-04-25 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2024-04-25 | MAR | incorporation | Re registration memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- 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.