EXCHANGE UTILITY LIMITED
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Cash
£580k
-62.2% lowest in 5 filed years
Net assets
-£1.2m
+28.4% highest in 5 filed years
Employees
49
-10.9% lowest in 5 filed years
Profit before tax
£699k
+27.4% highest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Negative shareholders' funds
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £3,429,276 | £3,763,782 | £3,738,696 | £4,757,041 | £4,590,003 | -3.5% | |
| Operating profit | £716,117 | £602,299 | £588,135 | £751,216 | £754,124 | +0.4% | |
| Profit before tax | £572,312 | £417,563 | £307,692 | £548,172 | £698,617 | +27.4% | |
| Net profit | £572,312 | £733,450 | £208,524 | £365,614 | £476,184 | +30.2% | |
| Cash | £976,907 | £867,395 | £2,010,449 | £1,536,463 | £580,242 | -62.2% | |
| Total assets less current liabilities | -£924,072 | -£122,547 | -£242,280 | £226,063 | £695,401 | +207.6% | |
| Net assets | -£2,778,192 | -£2,044,742 | -£2,042,646 | -£1,677,032 | -£1,200,848 | +28.4% | |
| Equity | -£2,778,192 | -£2,044,742 | -£2,042,646 | -£1,677,032 | -£1,200,848 | +28.4% | |
| Average employees | 76 | 59 | 53 | 55 | 49 | -10.9% | |
| Wages | £2,060,743 | £2,115,222 | £2,238,167 | £2,425,834 | £2,189,238 | -9.8% | |
| Directors' remuneration | £88,000 | £98,000 | £98,000 | £98,000 | £105,978 | +8.1% |
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 20.9% | 16.0% | 15.7% | 15.8% | 16.4% | |
| Net margin | 16.7% | 19.5% | 5.6% | 7.7% | 10.4% | |
| Return on capital employed | — | — | — | 332.3% | 108.4% | |
| Gearing (liabilities / total assets) | 152.6% | 133.4% | 130.6% | 130.4% | 136.2% | |
| Current ratio | — | — | 0.89x | 0.98x | 1.21x | |
| Interest cover | 4.98x | 3.13x | 1.72x | 2.72x | 6.91x |
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
- EXCHANGE UTILITY LIMITED 2016-09-05 → present
- GENCOMP (NO.3) LIMITED 2016-06-28 → 2016-09-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Notwithstanding the net liabilities position, the directors have prepared projections and forecasts for the forthcoming 12 months which shows continued levels of profitability and maintainable cash reserves.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GREENHALGH, Adrian John | Director | 2025-02-27 | Jul 1968 | British |
| PALMAS-IVISON, Kelly Bridget | Director | 2016-06-28 | Jul 1978 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, John Andrew | Director | 2016-06-28 | 2017-11-01 |
| RAYNER, Oliver George | Director | 2018-07-31 | 2025-04-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Matthew Craig Greensmith | Individual | Significant influence (as trust) | 2025-05-28 | Active |
| Mrs Norma Nanette Greensmith | Individual | Significant influence (as trust) | 2025-05-28 | Active |
| Mr Andrew David Greensmith | Individual | Significant influence (as trust) | 2025-05-28 | Active |
| Mrs Abigail Alicia Rayner | Individual | Significant influence (as trust) | 2025-05-28 | Active |
| Mr Oliver George Rayner | Individual | Voting 75–100% | 2018-07-31 | Ceased 2025-05-28 |
Filing timeline
Last 20 of 44 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-14 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-23 | AA | accounts | Accounts with accounts type full | |
| 2026-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-14 | AA01 | accounts | Change account reference date company current extended | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-08-27 | CH01 | officers | Change person director company with change date | |
| 2025-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-28 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-28 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-28 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-28 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-14 | MA | incorporation | Memorandum articles | |
| 2025-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-30 | AA | accounts | Accounts with accounts type full | |
| 2022-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates |
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.