GE MEDICAL SYSTEMS LIMITED
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Cash
£685k
-72.2% vs 2024
Net assets
£73m
+24% vs 2024
Employees
797
+4% highest in 3 filed years
Profit before tax
£19m
+143.8% highest in 3 filed years
Watch the reel
Our short-form breakdown of GE MEDICAL SYSTEMS LIMITED's latest filing
GE HealthCare's UK subsidiary parked its top line at £348m this year. A look inside the accounts of GE Medical Systems. 🏥
Net assets
3-year trend · vs Consumer Discretionary 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 | £359,336,000 | £348,567,000 | £348,740,000 | 0% | |
| Operating profit | £15,342,000 | £14,936,000 | £15,853,000 | +6.1% | |
| Profit before tax | £18,466,000 | £7,902,000 | £19,268,000 | +143.8% | |
| Net profit | £20,198,000 | £7,433,000 | £19,046,000 | +156.2% | |
| Cash | £637,000 | £2,464,000 | £685,000 | -72.2% | |
| Total assets less current liabilities | £89,053,000 | £69,312,000 | £82,558,000 | +19.1% | |
| Net assets | £77,934,000 | £59,196,000 | £73,416,000 | +24% | |
| Equity | £77,934,000 | £59,196,000 | £73,416,000 | +24% | |
| Average employees | 728 | 766 | 797 | +4% | |
| Wages | £59,523,000 | £61,145,000 | £67,091,000 | +9.7% | |
| Directors' remuneration | £631,000 | £1,609,000 | £1,182,000 | -26.5% |
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 | 4.3% | 4.3% | 4.5% | |
| Net margin | 5.6% | 2.1% | 5.5% | |
| Return on capital employed | 17.2% | 21.5% | 19.2% | |
| Gearing (liabilities / total assets) | — | 73.4% | 69.0% | |
| Current ratio | 1.17x | 1.16x | 1.24x | |
| Interest cover | 20.62x | 16.11x | 15.96x |
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 2 times since incorporation
- GE MEDICAL SYSTEMS LIMITED 2001-04-06 → present
- I.G.E. MEDICAL SYSTEMS LIMITED 1983-12-15 → 2001-04-06
- INTERNATIONAL GENERAL ELECTRIC COMPANY OF NEW YORK LIMITED 1930-12-08 → 1983-12-15
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company has net assets of £73,416,000 as at 31 December 2025 (2024: £59,196,000) and a profit for the year ended of £19,046,000 (2024: £7,433,000). Based on this position the financial statements have been prepared on a going concern basis which the directors consider to be appropriate.”
Group structure
- GE MEDICAL SYSTEMS LIMITED · parent
- GE Healthcare UK Limited 100%
- Whatman Asia Pacific Private Ltd. 100%
Significant events
- “On 1 January 2025, the company acquired the trade and assets of BK Medical UK Limited, a fellow group company, for fair market cash consideration of £6,115,000.”
- “On 22 June 2026, the company declared an interim dividend of £15,000,000, which was paid on 24 June 2026 to its immediate parent company GE Healthcare UK Holdings.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JAMES, Dylan Owen | Director | 2023-06-08 | Nov 1973 | British |
| JESSERNIGG, Max | Director | 2024-08-29 | Nov 1974 | Austrian |
| JONES, Katherine Ann | Director | 2023-06-08 | Oct 1976 | British |
| MCGUIRE, Simon James | Director | 2020-02-03 | Dec 1964 | British |
| PAESANO, Biagio | Director | 2024-08-29 | Jul 1976 | British |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANE, Simon Robert | Secretary | 2008-06-17 | 2012-01-10 |
| HAYWARD, Stephen Paul | Secretary | — | 2008-06-17 |
| HICKEY, Catherine Mary Bernadette | Secretary | 2012-01-10 | 2013-06-25 |
| BANE, Simon Robert | Director | 2009-02-26 | 2012-12-13 |
| BEASTALL, Jane Alison | Director | 2018-06-19 | 2024-08-31 |
| BLIGHT, Karl Gregory William | Director | 2013-01-15 | 2019-06-05 |
| BLIGHT, Karl Gregory William | Director | 2005-01-01 | 2011-03-25 |
| BORGNE, Ulrich Guy Marcel | Director | 2010-06-11 | 2011-08-09 |
| FEARNHEAD, Simon Whitney | Director | 2001-07-13 | 2004-01-13 |
| FENTON, Jeffrey James | Director | — | 1993-11-10 |
| FITT, Bettina Tudor | Director | 2009-02-26 | 2013-01-03 |
| GOETZ, Christian | Director | 2007-08-01 | 2008-08-22 |
| HASZCZYN, Donald Stephen | Director | 2001-01-16 | 2001-07-13 |
| HAUTBOUT, Richard Serge | Director | 2020-02-03 | 2023-06-08 |
| HOLDERBAUM, Kirsten | Director | 2013-06-25 | 2014-06-30 |
| JACKSON, Christopher Thomas | Director | 2020-02-03 | 2023-06-08 |
| JUX, Keith | Director | — | 1999-04-27 |
| KAROL, Rajat | Director | 2012-06-25 | 2014-11-30 |
| LOUGHRAN, Brendan | Director | 2019-07-08 | 2020-02-03 |
| MAKELA, Jan | Director | 2009-02-26 | 2010-06-11 |
| MASON, Nigel Chadwick | Director | 1998-09-01 | 2015-08-28 |
| MILLIGAN, Allan Paul | Director | 2010-02-16 | 2016-07-15 |
| NAJAR, Jean-Claude | Director | 1993-06-18 | 2000-03-31 |
| O'NEILL, Kevin | Director | 2004-01-12 | 2007-07-31 |
| PERRY, Trevor | Director | — | 2008-12-31 |
| SIMONS, David John | Director | — | 2001-06-30 |
| SVED, Gergely | Director | 2010-06-11 | 2012-06-25 |
| TRIVETT, Alastair Thomas Hunter | Director | 2001-11-20 | 2005-10-28 |
| WALSH, Anna Lena | Director | 2019-07-08 | 2020-02-03 |
| WALSH, Anna Lena | Director | 2014-11-19 | 2018-06-15 |
| WEST, Robin Nicholas | Director | 1999-04-29 | 2000-03-31 |
| WILKINSON, Howard | Director | 2012-12-13 | 2018-11-14 |
| ZABBO, Michaela Danielle | Director | 2016-07-21 | 2018-06-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ge Healthcare Uk Holdings | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-12-09 | Active |
Filing timeline
Last 20 of 264 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-12 | AA | accounts | Accounts with accounts type full | |
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-20 | AA | accounts | Accounts with accounts type full | |
| 2024-11-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-12 | AA | accounts | Accounts with accounts type full | |
| 2023-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-29 | CH01 | officers | Change person director company with change date | |
| 2023-07-20 | AA | accounts | Accounts with accounts type full | |
| 2023-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-11 | CH01 | officers | Change person director company with change date | |
| 2022-08-11 | AA | accounts | Accounts with accounts type full | |
| 2022-05-27 | SH19 | capital | Capital statement capital company with date currency figure |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.