ERSG LTD
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Cash
£261K
+113.9% vs 2023
Net assets
-£4.7M
-6.2% lowest in 5 filed years
Employees
135
+1.5% vs 2023
Profit before tax
-£1.6M
+25.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
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 | £58,522,000 | £71,973,000 | £99,722,000 | £111,249,000 | £85,538,000 | -23.1% | |
| Operating profit | £941,000 | -£962,000 | -£178,000 | -£450,000 | -£470,000 | -4.4% | |
| Profit before tax | £761,000 | -£1,463,000 | -£1,145,000 | -£2,154,000 | -£1,607,000 | +25.4% | |
| Net profit | £752,000 | -£1,788,000 | -£1,145,000 | -£1,978,000 | -£488,000 | +75.3% | |
| Cash | £276,000 | £679,000 | £105,000 | £122,000 | £261,000 | +113.9% | |
| Total assets less current liabilities | £3,581,000 | £2,481,000 | £628,000 | -£4,237,000 | -£4,643,000 | -9.6% | |
| Net assets | £3,556,000 | £846,000 | -£299,000 | -£4,443,000 | -£4,717,000 | -6.2% | |
| Equity | £3,556,000 | £846,000 | -£299,000 | -£4,443,000 | -£4,717,000 | -6.2% | |
| Average employees | 74 | 81 | 136 | 133 | 135 | +1.5% | |
| Wages | £4,013,000 | £5,706,000 | £8,343,000 | £8,063,000 | £8,153,000 | +1.1% | |
| Directors' remuneration | £200,000 | £200,000 | £200,000 | £447,000 | £522,000 | +16.8% |
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 | 1.6% | -1.3% | -0.2% | -0.4% | -0.5% | |
| Net margin | 1.3% | -2.5% | -1.1% | -1.8% | -0.6% | |
| Return on capital employed | 26.3% | -38.8% | -28.3% | — | — | |
| Current ratio | — | — | — | 0.92x | 0.93x | |
| Interest cover | 5.23x | -1.92x | -0.18x | -0.26x | -0.41x |
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
- ERSG LTD 2013-09-26 → present
- THE ENVIRONMENTAL RECRUITMENT SOLUTIONS GROUP LIMITED 2008-05-29 → 2013-09-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors continue to monitor their cash position and have prepared forecasts showing the best and worst case scenario which shows that the group will have adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- ERSG LTD · parent
- ERSG BV 100%
- ERSG GmbH 100%
Significant events
- “Ongoing investment in back-office systems, financial processes, and key personnel has resulted in a more resilient operational framework, improved efficiency, and enhanced financial oversight across the organisation.”
- “The refinements introduced to accounting and reporting practices during the prior year are now fully embedded, supporting the delivery of accurate and timely management information and reinforcing financial stability.”
- “A significant proportion of administrative costs are incurred centrally within ERSG Limited to support the wider Group's operations. These include finance, IT, compliance, HR, and executive management functions”
- “The year under review continued to be shaped by a high-interest rate environment following the Bank of England's shift away from historically low rates.”
- “In 2023, the addition of senior-level executives brought significant expertise and knowledge to the organization, enhancing its ability to appropriately manage and mitigate these risks.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FLAHERTY, Peter Paul | Director | 2008-09-05 | Dec 1950 | British |
| RYAN, Michael James | Director | 2009-02-02 | Feb 1968 | Irish |
| SULLIVAN, Lucien Matthew | Director | 2015-11-30 | Jan 1973 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADEY, Philip | Director | 2018-09-21 | 2019-05-02 |
| GOLDUP, Stuart | Director | 2021-03-01 | 2022-02-02 |
| PEDDER, Chris John | Director | 2016-11-01 | 2018-01-01 |
| ROBINSON, Paul | Director | 2008-05-29 | 2008-09-18 |
| SULLIVAN, Lucien Matthew | Director | 2011-09-19 | 2013-06-13 |
| SULLIVAN, Lucien Matthew | Director | 2009-02-02 | 2010-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ersg Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-07 | Active |
Filing timeline
Last 20 of 78 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-15 MA Memorandum articles
- 2025-10-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-14 | AA | accounts | Accounts with accounts type full | |
| 2025-11-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-15 | MA | incorporation | Memorandum articles | |
| 2025-10-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-06 | AA | accounts | Accounts with accounts type full | |
| 2024-12-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-31 | AA | accounts | Accounts with accounts type full | |
| 2023-06-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-06-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-06-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-06-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-06 | AAMD | accounts | Accounts amended with accounts type full | |
| 2023-03-23 | AA | accounts | Accounts with accounts type full | |
| 2022-05-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-12-22 | AA | accounts | Accounts with accounts type full | |
| 2021-12-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.