ACCELERATE TOPCO LIMITED
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Cash
£3.9M
+18.5% highest in 3 filed years
Net assets
-£19M
-58% lowest in 3 filed years
Employees
256
+29.9% highest in 3 filed years
Profit before tax
-£7M
-5.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
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 | £23,687,730 | £31,492,792 | £37,859,645 | +20.2% | |
| Operating profit | -£2,132,222 | -£1,883,108 | -£1,442,856 | +23.4% | |
| Profit before tax | -£5,992,672 | -£6,613,177 | -£6,983,469 | -5.6% | |
| Net profit | -£6,042,654 | -£6,611,635 | -£7,043,934 | -6.5% | |
| Cash | £3,059,498 | £3,279,646 | £3,886,699 | +18.5% | |
| Total assets less current liabilities | £40,196,319 | £41,644,409 | £43,472,459 | +4.4% | |
| Net assets | -£5,027,469 | -£11,868,051 | -£18,754,381 | -58% | |
| Equity | -£5,027,469 | -£11,868,051 | -£18,754,381 | -58% | |
| Average employees | 188 | 197 | 256 | +29.9% | |
| Wages | £11,149,528 | £11,370,599 | £12,212,975 | +7.4% | |
| Directors' remuneration | £555,000 | £541,963 | £442,616 | -18.3% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -9.0% | -6.0% | -3.8% | |
| Net margin | -25.5% | -21.0% | -18.6% | |
| Return on capital employed | -5.3% | -4.5% | -3.3% | |
| Current ratio | 1.08x | 0.76x | 0.77x | |
| Interest cover | -0.55x | -0.40x | -0.26x |
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
- RBCA Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”
Group structure
- ACCELERATE TOPCO LIMITED · parent
- Accelerate Holdco Limited 100%
- Accelerate Midco Limited 100%
- Accelerate Bidco Limited 100%
- Xperience Group Management Limited 100%
- Xperience Group Holdings Limited 100%
- Xperience IT Solutions Limited 100%
- Xperience Dynamics Limited 100%
- DMC Software Solutions Limited 100%
- The Cloud Simplified Limited 100%
- Green Duck Ltd 100%
- CTC Computer Services Limited 100%
- CSSCloud Limited 100%
- GCC Group Limited 100%
- Riverlite Ltd 100%
- Blue Planet IT Limited 100%
- Blue Planet Group Holdings Limited 100%
- GCC Innova Limited 100%
Significant events
- “The Group completed two acquisitions during the year. Blue Planet, acquired in November 2025, is a Microsoft IT specialist with strong managed services and cloud capabilities, extending the Group's geographic footprint and complementing its existing offering. CTC, acquired in December 2025, is an IT services and support business.”
- “The Group also continued to progress its Environmental, Social and Governance ("ESG") activities during the year. Key initiatives included: ongoing carbon footprint monitoring and targeted annual reductions in carbon emissions; continued operation of the employee volunteering policy; diversity, equity and inclusion awareness and training programmes; and review and optimisation of office energy consumption across Group sites.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DU PLESSIS, Espe | Director | 2026-02-16 | Dec 1984 | British |
| ELLIOTT, Thomas James | Director | 2022-10-18 | May 1984 | British |
| HOWLING, Mark Ian | Director | 2026-02-16 | Jun 1961 | British |
| JACKSON, Derek Rodney | Director | 2022-12-14 | Jan 1971 | British |
| MUKHERJI, Raj Shekhar | Director | 2026-02-16 | Nov 1992 | British |
| O'KANE, Francis Iain | Director | 2022-12-14 | Oct 1970 | Irish |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CAVEY, Andrew | Director | 2022-12-14 | 2026-02-16 |
| JOHNSTON, Andrew Luke | Director | 2022-12-14 | 2025-11-05 |
| MANI, Roy Benjamin Kurien | Director | 2022-10-18 | 2025-01-13 |
| MARNHAM, Benjamin | Director | 2022-12-14 | 2025-06-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bowmark Growth Partners Nominees Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2022-10-18 | Ceased 2022-10-18 |
| Bowmark Growth Investment Partnership Nominees Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2022-10-18 | Ceased 2022-10-18 |
| Bowmark Capital Llp | Corporate entity | Significant influence | 2022-10-18 | Active |
| Mr Francis Iain O'Kane | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2022-10-18 | Active |
| Bowmark Growth Gp Llp | Corporate entity | Voting 50–75%, Appoints directors | 2022-10-18 | Active |
Filing timeline
Last 20 of 43 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-23 RP04SH01 Legacy
- 2024-12-16 MA Memorandum articles
- 2024-12-16 RESOLUTIONS Resolution
- 2024-01-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-25 | AA | accounts | Accounts with accounts type group | |
| 2026-04-01 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-02-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-12 | SH01 | capital | Capital allotment shares | |
| 2025-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-23 | RP04SH01 | change-of-name | Legacy | |
| 2025-10-20 | SH01 | capital | Capital allotment shares | |
| 2025-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-06-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-23 | SH01 | capital | Capital allotment shares | |
| 2024-12-16 | MA | incorporation | Memorandum articles | |
| 2024-12-16 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-16 | AA | accounts | Accounts with accounts type group | |
| 2024-01-10 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 3
- Officers appointed
- 3
- 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.