SILVERFISH HOLDINGS LIMITED
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Cash
£2.9m
-0.5% vs 2024
Net assets
-£1.9m
-355.7% lowest in 3 filed years
Employees
52
-1.9% lowest in 3 filed years
Profit before tax
-£2.6m
+26.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
The directors acknowledge that certain matters represent a material uncertainty that, if not addressed, would cast doubt on the entity's ability to continue as a going concern. However, these matters are being addressed, including a debt restructure and covenant reset, which are expected to be completed without difficulty. The Board continues to adopt the going concern basis.
-
Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2023-10-31 | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £11,980,146 | £11,974,796 | £11,636,885 | -2.8% | |
| Operating profit | -£2,209,802 | -£2,516,423 | -£1,588,058 | +36.9% | |
| Profit before tax | -£1,184,337 | -£3,538,488 | -£2,606,957 | +26.3% | |
| Net profit | -£1,464,333 | -£3,538,488 | -£2,606,957 | +26.3% | |
| Cash | £2,013,306 | £2,876,735 | £2,863,037 | -0.5% | |
| Total assets less current liabilities | £16,814,842 | £732,978 | -£1,873,979 | -355.7% | |
| Net assets | £4,271,466 | £732,978 | -£1,873,979 | -355.7% | |
| Equity | £4,271,466 | £732,978 | -£1,873,979 | -355.7% | |
| Average employees | 57 | 53 | 52 | -1.9% | |
| Wages | £1,993,549 | £2,057,188 | £2,093,607 | +1.8% | |
| Directors' remuneration | £496,697 | £510,366 | £538,106 | +5.4% |
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 | 2023-10-31 | 2024-10-31 | 2025-10-31 |
|---|---|---|---|---|
| Operating margin | -18.4% | -21.0% | -13.6% | |
| Net margin | -12.2% | -29.5% | -22.4% | |
| Return on capital employed | -13.1% | -343.3% | — | |
| Gearing (liabilities / total assets) | — | 95.1% | 113.7% | |
| Current ratio | 13.89x | 0.74x | 0.70x | |
| Interest cover | -1.49x | -2.34x | -1.50x |
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
- SILVERFISH HOLDINGS LIMITED 2022-01-20 → present
- ENSCO 1296 LIMITED 2018-06-12 → 2022-01-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The directors acknowledge that certain matters represent a material uncertainty that, if not addressed, would cast doubt on the entity's ability to continue as a going concern. However, these matters are being addressed, including a debt restructure and covenant reset, which are expected to be completed without difficulty. The Board continues to adopt the going concern basis.”
Group structure
- SILVERFISH HOLDINGS LIMITED · parent
- Silverfish Group Holdings Limited 100%
- Silverfish UK (Holdings) Industrial Estate Limited 100%
- Silverfish UK Limited 100%
Significant events
- “successful completion of a sale and leaseback of the Saltash property in October 2025, which provided an additional £1.5 million of liquidity and a gain of £0.4m.”
- “The directors are also mindful of the bank loan maturity date of December 2026. An extension has been requested and will be formally reviewed in 2026.”
- “On 30 September 2024 the group breached a financial covenant on its bank borrowings, the senior debt facility, causing a cross-default on the other borrowings. As a result these liabilities are presented as current at year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DALE, Bernard John | Director | 2023-08-23 | May 1964 | British |
| GARDINER, Edward Grenville | Director | 2023-02-17 | Jan 1978 | British |
| MABBOTT, Darren Graham | Director | 2021-12-23 | Sep 1971 | British |
| METCALFE, Alexander Peter | Director | 2023-02-17 | Oct 1980 | British |
| OSBORNE, Matthew James Henry | Director | 2021-12-23 | Aug 1969 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GATELEY SECRETARIES LIMITED | Corporate Secretary | 2018-06-12 | 2021-12-23 |
| COUPLAND, Michael William | Director | 2021-10-05 | 2023-08-23 |
| OTWAY, Miles Daniel | Director | 2018-06-12 | 2021-12-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Darren Graham Mabbott | Individual | Shares 25–50% | 2021-12-23 | Active |
| Mrs Sarah Jane Mabbott | Individual | Shares 25–50% | 2021-12-23 | Active |
| Connection Capital Llp | Corporate entity | Significant influence | 2021-12-23 | Active |
| Connection Capital Llp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-06-12 | Ceased 2021-12-23 |
Filing timeline
Last 20 of 49 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-03-01 MA Memorandum articles
- 2023-03-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-10 | AA | accounts | Accounts with accounts type group | |
| 2026-07-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-03 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-10 | AA | accounts | Accounts with accounts type group | |
| 2025-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-06 | AA | accounts | Accounts with accounts type group | |
| 2024-06-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-29 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-15 | AA | accounts | Accounts with accounts type group | |
| 2023-06-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-05-15 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-03-14 | SH01 | capital | Capital allotment shares | |
| 2023-03-14 | SH10 | capital | Capital variation of rights attached to shares | |
| 2023-03-01 | MA | incorporation | Memorandum articles | |
| 2023-03-01 | RESOLUTIONS | resolution | Resolution | |
| 2023-02-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-20 | AP01 | officers | Appoint person director company with name 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.