SOURCEFUL LTD
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Cash
£4m
-35.8% lowest in 3 filed years
Net assets
£4.3m
-26.4% lowest in 3 filed years
Employees
15
-80.8% lowest in 3 filed years
Profit before tax
-£1.7m
+77.1% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary 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 | £4,411,368 | £3,689,464 | £1,284,019 | -65.2% | |
| Operating profit | -£7,566,273 | -£7,709,420 | -£1,855,540 | +75.9% | |
| Profit before tax | -£7,089,018 | -£7,379,657 | -£1,692,674 | +77.1% | |
| Net profit | -£6,579,385 | -£7,162,683 | -£1,577,967 | +78% | |
| Cash | £11,208,176 | £6,252,678 | £4,011,375 | -35.8% | |
| Total assets less current liabilities | £11,594,819 | £5,882,998 | £4,357,554 | -25.9% | |
| Net assets | £11,488,838 | £5,777,017 | £4,251,573 | -26.4% | |
| Equity | £11,488,838 | £5,777,017 | £4,251,573 | -26.4% | |
| Average employees | 83 | 78 | 15 | -80.8% | |
| Wages | £4,501,501 | £5,002,826 | £1,139,457 | -77.2% | |
| Directors' remuneration | £190,000 | £175,000 | £100,000 | -42.9% | |
| Directors' pension contributions | £2,652 | £2,652 | £1,321 | -50.2% |
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 | -171.5% | — | -144.5% | |
| Net margin | -149.1% | -194.1% | -122.9% | |
| Return on capital employed | -65.3% | -131.0% | -42.6% | |
| Gearing (liabilities / total assets) | 13.8% | 21.9% | 11.0% | |
| Current ratio | 7.60x | 4.82x | 11.14x |
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 1 time since incorporation
- SOURCEFUL LTD 2019-12-24 → present
- CHAN COMMUNICATIONS LIMITED 2018-03-16 → 2019-12-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- RPG Crouch Chapman LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis. ... the directors believe the Group has adequate resources to continue in operational existence for a period of at least 12 months from the date of the approval of these financial statements.”
Group structure
- SOURCEFUL LTD · parent
- Sourceful Limited 100%
- Sourceful Inc 100%
- Sourceful NL BV 100%
- Sourceful Information Technology Co., Ltd 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHAN, Wing Yung | Director | 2020-06-01 | Mar 1991 | British |
| RIMER, Daniel Hillel | Director | 2021-02-08 | Sep 1970 | Swiss,Canadian |
| ZHENG, Shiran | Director | 2018-03-16 | Nov 1990 | Chinese |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WANG, Mary | Director | 2020-12-10 | 2021-09-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Wing Yung Chan | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2024-02-20 | Active |
| Mr Wing Yung Chan | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2020-06-01 | Ceased 2024-02-16 |
| Ms Shiran Zheng | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2018-03-16 | Ceased 2020-12-10 |
Filing timeline
Last 20 of 68 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-23 | AA | accounts | Accounts with accounts type group | |
| 2026-06-25 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-06-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-29 | SH01 | capital | Capital allotment shares | |
| 2025-06-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-15 | AA | accounts | Accounts with accounts type group | |
| 2024-06-12 | CH01 | officers | Change person director company with change date | |
| 2024-06-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-14 | AA | accounts | Accounts with accounts type group | |
| 2024-02-20 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-02-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-02-05 | SH01 | capital | Capital allotment shares | |
| 2024-02-05 | SH01 | capital | Capital allotment shares | |
| 2023-07-12 | SH01 | capital | Capital allotment shares | |
| 2023-05-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-08 | AA | accounts | Accounts with accounts type small | |
| 2022-12-22 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-11-08 | SH01 | capital | Capital allotment shares | |
| 2022-10-05 | AA | accounts | Accounts with accounts type group | |
| 2022-06-29 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- 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.