KELLY TOPCO LIMITED
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Cash
£1.5M
+5.9% vs 2024
Net assets
-£5.3M
+9% vs 2024
Employees
426
-29% lowest in 4 filed years
Profit before tax
£1.7M
-36.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
4-year trend · vs Unclassified median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £33,979,971 | £27,204,607 | -19.9% | |
| Operating profit | — | — | £3,661,679 | £2,716,048 | -25.8% | |
| Profit before tax | — | — | £2,666,918 | £1,686,208 | -36.8% | |
| Net profit | — | — | £1,880,342 | £961,054 | -48.9% | |
| Cash | — | — | £1,394,286 | £1,476,061 | +5.9% | |
| Total assets less current liabilities | £5,026,813 | £5,526,813 | £4,362,958 | £3,580,086 | -17.9% | |
| Net assets | £119,592 | £619,592 | -£5,793,605 | -£5,274,137 | +9% | |
| Equity | £119,592 | — | -£5,793,605 | -£5,274,137 | +9% | |
| Average employees | 581 | 661 | 600 | 426 | -29% | |
| Wages | — | — | £23,111,796 | £18,335,379 | -20.7% | |
| Directors' remuneration | — | — | £488,208 | £369,636 | -24.3% |
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 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 10.8% | 10.0% | |
| Net margin | — | — | 5.5% | 3.5% | |
| Return on capital employed | — | — | 83.9% | 75.9% | |
| Gearing (liabilities / total assets) | — | — | 157.5% | 170.5% | |
| Current ratio | — | — | 1.12x | 1.27x | |
| Interest cover | — | — | 3.51x | 2.64x |
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
- KELLY TOPCO LIMITED 2018-06-05 → present
- AGHOCO 1689 LIMITED 2018-03-26 → 2018-06-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Harts Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- KELLY TOPCO LIMITED · parent
- Kelly Midco Limited 100%
- Kelly Bidco Limited 100%
- Grayce Group Limited 100%
- Grayce Group, Inc. 100%
Significant events
- “The investment recorded in the EBT of £450,000 has been reclassified, as part of a quasi-consolidation within the company. The EBT has been used to acquire a proportion of the company's own shares.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUSBY, Peter Geoffrey | Director | 2018-06-06 | Mar 1967 | British |
| FREEMAN, James Richard | Director | 2025-11-24 | Apr 1989 | British |
| ROYCROFT, Rebecca Ann | Director | 2025-09-22 | May 1980 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| A G SECRETARIAL LIMITED | Corporate Secretary | 2018-03-26 | 2018-06-06 |
| HART, Roger | Director | 2018-03-26 | 2018-06-06 |
| HEWITT, Jeffrey | Director | 2024-06-13 | 2026-03-31 |
| JEZZARD, Paul Derek | Director | 2020-11-02 | 2025-04-09 |
| MATKIN, Joanna | Director | 2023-05-11 | 2023-11-30 |
| SELLERS, Christopher George | Director | 2018-07-12 | 2024-06-13 |
| SELLERS, James Anthony | Director | 2018-10-01 | 2020-11-02 |
| SMITH, Geoffrey Richard | Director | 2020-02-01 | 2022-12-08 |
| WINCOTT-HOLDER, Claire | Director | 2025-03-17 | 2025-11-24 |
| WYLLIE, Mark Richard John | Director | 2018-07-12 | 2020-03-31 |
| A G SECRETARIAL LIMITED | Corporate Director | 2018-03-26 | 2018-06-06 |
| INHOCO FORMATIONS LIMITED | Corporate Nominee Director | 2018-03-26 | 2018-06-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Literacy Capital Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-07-03 | Active |
| Inhoco Formations Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-03-26 | Ceased 2018-07-03 |
Filing timeline
Last 20 of 86 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-14 RESOLUTIONS Resolution
- 2026-03-14 MA Memorandum articles
- 2024-10-24 RESOLUTIONS Resolution
- 2024-10-23 MA Memorandum articles
- 2024-07-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-25 | SH08 | capital | Capital name of class of shares | |
| 2026-03-14 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-14 | MA | incorporation | Memorandum articles | |
| 2026-03-06 | SH01 | capital | Capital allotment shares | |
| 2025-11-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-15 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-10-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-12 | AA | accounts | Accounts with accounts type group | |
| 2025-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-23 | MA | incorporation | Memorandum articles | |
| 2024-10-16 | SH01 | capital | Capital allotment shares | |
| 2024-09-09 | AA | accounts | Accounts with accounts type group | |
| 2024-07-01 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-27 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 3
- Officers appointed
- 2
- Officers resigned
- 2
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.