INNOVATIVE SCAFFOLD SERVICES LIMITED
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Cash
£4.9m
-2.1% vs 2024
Net assets
£14m
+63.3% highest in 3 filed years
Employees
252
+11% highest in 3 filed years
Profit before tax
£3.1m
-3.6% vs 2024
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.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £23,753,006 | £32,871,754 | £37,796,891 | +15% | |
| Operating profit | £2,233,557 | £3,271,950 | £3,074,981 | -6% | |
| Profit before tax | £2,051,589 | £3,223,123 | £3,106,581 | -3.6% | |
| Net profit | £2,672,643 | £3,473,123 | £3,356,581 | -3.4% | |
| Cash | £2,575,633 | £4,969,558 | £4,863,635 | -2.1% | |
| Total assets less current liabilities | £5,926,136 | £8,950,396 | £13,885,328 | +55.1% | |
| Net assets | £5,190,746 | £8,463,869 | £13,820,450 | +63.3% | |
| Equity | £5,190,746 | £8,463,869 | £13,820,450 | +63.3% | |
| Average employees | 189 | 227 | 252 | +11% | |
| Wages | £13,695,884 | £17,120,978 | £19,041,103 | +11.2% | |
| Directors' remuneration | £426,791 | £485,965 | £620,075 | +27.6% | |
| Directors' pension contributions | £18,147 | £13,020 | £10,644 | -18.2% | |
| Highest paid director | £151,937 | £231,120 | £308,530 | +33.5% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 9.4% | 10.0% | 8.1% | |
| Net margin | 11.3% | 10.6% | 8.9% | |
| Return on capital employed | 37.7% | 36.6% | 22.1% | |
| Gearing (liabilities / total assets) | 44.8% | 40.1% | 21.0% | |
| Current ratio | 2.53x | 2.48x | 4.39x | |
| Interest cover | 11.08x | 27.98x | 42.96x |
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
- JS. Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed group forecasts prepared by management and are confident that the group will be able to continue to meet its liabilities as they fall due. On this basis the directors have prepared the financial statements on a going concern basis.”
Group structure
- INNOVATIVE SCAFFOLD SERVICES LIMITED · parent
- Palmers Scaffolding UK Limited 100%
Significant events
- “On 30 January 2026 1,358 ordinary 0.01p shares were allotted for a total consideration of £249,872.”
- “On 16 February 2026 the group and company was acquired by Palmers Holdings Limited with Mr C C Butt remaining as the ultimate controlling party.”
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 |
|---|---|---|---|---|
| BUTT, Adam Colin | Director | 2016-12-16 | Aug 1995 | British |
| BUTT, Colin Charles | Director | 2021-01-31 | Aug 1943 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARR, Michael Timothy | Director | 2021-12-07 | 2026-01-30 |
| MORRISON, Donald Joseph | Director | 2019-12-07 | 2021-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Palmers Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-30 | Active |
| Mr Colin Charles Butt | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-12-16 | Ceased 2026-01-30 |
Filing timeline
Last 20 of 41 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-11 MA Memorandum articles
- 2026-03-11 RESOLUTIONS Resolution
- 2024-07-05 MA Memorandum articles
- 2024-07-05 RESOLUTIONS Resolution
- 2024-04-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type group | |
| 2026-04-16 | SH01 | capital | Capital allotment shares | |
| 2026-03-23 | SH08 | capital | Capital name of class of shares | |
| 2026-03-11 | MA | incorporation | Memorandum articles | |
| 2026-03-11 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-02-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-23 | AA | accounts | Accounts with accounts type group | |
| 2025-03-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-01 | AGREEMENT2 | other | Legacy | |
| 2024-07-22 | AA | accounts | Accounts with accounts type group | |
| 2024-07-05 | MA | incorporation | Memorandum articles | |
| 2024-07-05 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-03 | SH01 | capital | Capital allotment shares | |
| 2024-04-05 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-05 | SH02 | capital | Capital alter shares subdivision | |
| 2024-01-03 | 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
- 9
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 1
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.