MANAGED IT SERVICES GROUP LTD
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Cash
£1.4m
+22% highest in 3 filed years
Net assets
-£17m
-30.8% lowest in 3 filed years
Employees
114
-11.6% vs 2024
Profit before tax
-£3.7m
+43.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Technology 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 | £15,704,232 | £17,040,717 | £21,739,834 | +27.6% | |
| Operating profit | -£1,742,988 | -£4,849,003 | -£1,510,588 | +68.8% | |
| Profit before tax | -£3,461,922 | -£6,635,454 | -£3,720,889 | +43.9% | |
| Net profit | -£3,514,622 | -£6,654,658 | -£4,093,562 | +38.5% | |
| Cash | £730,299 | £1,110,370 | £1,354,284 | +22% | |
| Total assets less current liabilities | £8,549,780 | -£3,191,205 | £9,490,652 | +397.4% | |
| Net assets | -£6,627,147 | -£13,281,793 | -£17,375,274 | -30.8% | |
| Equity | -£6,627,147 | — | -£17,375,274 | — | |
| Average employees | 90 | 129 | 114 | -11.6% | |
| Wages | £3,781,450 | £4,407,220 | £5,645,041 | +28.1% | |
| Directors' remuneration | £273,165 | £316,528 | £460,854 | +45.6% |
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 | -11.1% | -28.5% | -6.9% | |
| Net margin | -22.4% | -39.1% | -18.8% | |
| Return on capital employed | -20.4% | — | -15.9% | |
| Gearing (liabilities / total assets) | — | 204.8% | 191.4% | |
| Current ratio | 0.73x | 0.29x | 0.56x | |
| Interest cover | -1.01x | -2.71x | -0.68x |
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
- Goldwyns 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
- MANAGED IT SERVICES GROUP LTD · parent
- Nexbridge Communications Limited 100%
- Whypay? Limited 100%
- IT Farm Limited 100%
- Charles Street Solutions Limited 100%
- Everything Tech Limited 100%
- Codus IT Limited 100%
- Cardium Outsourcing Holdings Limited 100%
- SGOC Limited 100%
- Bastion Rock Limited 100%
Significant events
- “In 2026, the company acquired Nexstor Limited, a Mansfield-based infrastructure and hybrid-cloud specialist. This strategic acquisition will expand the group's offering including enhancing vendor relationships in a structured, collaborative alliance and grow its geographical reach and will also benefit from economies of scale.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLEN, Mark David | Director | 2020-11-25 | May 1975 | British |
| KEAY, James Campbell Fraser | Director | 2021-05-28 | Mar 1972 | British |
| MARTIN, Wayne Jason | Director | 2025-02-06 | Feb 1967 | British |
| SMITH, Phil Julian | Director | 2021-05-28 | Sep 1973 | British |
| THIRKILL, Adrian Albert | Director | 2021-05-28 | Jul 1963 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Robert Napier Keith | Individual | Shares 25–50%, Voting 25–50% | 2022-01-27 | Active |
| Mr Mark David Allen | Individual | Shares 75–100%, Voting 75–100% | 2020-11-25 | Ceased 2022-01-27 |
Filing timeline
Last 20 of 49 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-11 RESOLUTIONS Resolution
- 2025-01-21 RESOLUTIONS Resolution
- 2024-06-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | AA | accounts | Accounts with accounts type group | |
| 2026-04-11 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-27 | SH01 | capital | Capital allotment shares | |
| 2026-01-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-02-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-21 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-21 | SH08 | capital | Capital name of class of shares | |
| 2025-01-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-20 | SH01 | capital | Capital allotment shares | |
| 2024-11-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-18 | SH01 | capital | Capital allotment shares | |
| 2024-07-08 | AA | accounts | Accounts with accounts type group | |
| 2024-06-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-20 | SH01 | capital | Capital allotment shares | |
| 2024-03-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-06 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 4
- 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.