Openwork Limited
Financial intermediation not elsewhere classified · Swindon
ActiveUnited KingdomIncorporated 2002Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£50,602,000
Cash
£63,399,000
Turnover
£473,172,000
Profit / loss
£922,000
Current assets
£136,789,000
Creditors < 1 year
£107,553,000
Equity
£50,602,000
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £50,602,000 | £62,680,000 |
| Equity | £50,602,000 | £62,680,000 |
| Share capital | £1,000,000 | £1,000,000 |
| Retained earnings | £47,102,000 | £59,180,000 |
| Assets | ||
| Intangible assets | £3,375,000 | £4,375,000 |
| Current assets | £136,789,000 | £125,388,000 |
| Cash at bank | £63,399,000 | £61,005,000 |
| Liabilities | ||
| Creditors within one year | £107,553,000 | £83,523,000 |
| Creditors after one year | £49,767,000 | £46,844,000 |
| Net current assets | £26,471,000 | £39,687,000 |
| Profit & loss | ||
| Turnover | £473,172,000 | £443,318,000 |
| Cost of sales | £378,450,000 | £351,733,000 |
| Gross profit | £94,722,000 | £91,585,000 |
| Administrative expenses | £97,307,000 | £95,266,000 |
| Operating profit | −£2,585,000 | −£3,681,000 |
| Interest receivable | £5,117,000 | £12,114,000 |
| Interest payable | £1,221,000 | £760,000 |
| Profit before tax | £1,311,000 | £7,673,000 |
| Tax | £389,000 | £2,297,000 |
| Profit / loss | £922,000 | £5,376,000 |
| People & pay | ||
| Directors' remuneration | £856,000 | £852,000 |
| Highest paid director | £357,000 | £251,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Openwork Holdings Limited
- Ultimate parent
- The Openwork Partnership LLP
- Accounts
- Full accounts · FRS 101
- Approved
- 2026-07-28, signed by R M Barker
Turnover by segment (8)
- Distribution Allowance and fees on initial sales: 343,971 (000s) (2025-12-31)
- Renewal and Trail Distribution Allowance: 9,183 (000s) (2025-12-31)
- Fees from on-going servicing: 128,629 (000s) (2025-12-31)
- Other: 18,858 (000s) (2025-12-31)
- Distribution Allowance and fees on initial sales: 318,743 (000s) (2024-12-31)
- Renewal and Trail Distribution Allowance: 12,686 (000s) (2024-12-31)
- Fees from on-going servicing: 120,328 (000s) (2024-12-31)
- Other: 18,564 (000s) (2024-12-31)
Related parties (6)
- The Penny Group Surrey Limited · Company of A Wilmot, a Director of Openwork Holdings Limited · Commission expenses payable · 988 (000s)
- The Penny Group Surrey Limited · Company of A Wilmot, a Director of Openwork Holdings Limited · Commission expenses payable · 1,336 (000s)
- Prosperity Financial Solutions Limited · Company of C Gray, a Director of Openwork Holdings Limited · Commission expenses payable · 2,424 (000s)
- Prosperity Financial Solutions Limited · Company of C Gray, a Director of Openwork Holdings Limited · Commission expenses payable · 2,236 (000s)
- St Barts Finance Limited · Company of S Bartholomew, a Director of Openwork Holdings Limited · Commission expenses payable · 1,099 (000s)
- St Barts Finance Limited · Company of S Bartholomew, a Director of Openwork Holdings Limited · Commission expenses payable · 758 (000s)
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesAll Assets · created 2025-05-21
—
OutstandingShow 1 satisfied / released
Floating · created 2012-05-02 · satisfied 2018-02-09
All monies
Satisfied