KEYSIGHT TECHNOLOGIES (SPIRENT SERVICES) LIMITED
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Cash
£106M
USD 141,800,000
Latest balance sheet
Net assets
£294M
USD 392,500,000
Equity attributable
Employees
1,528
Average over period
Profit before tax
£10M
USD 13,800,000
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-06-30.
-
9 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £355,068,124 | £344,512,652 | — | |
| Operating profit | £13,774,517 | £7,710,735 | — | |
| Profit before tax | £17,143,285 | £10,330,888 | — | |
| Net profit | £18,865,100 | £9,657,134 | — | |
| Cash | £80,925,288 | £106,153,616 | — | |
| Total assets less current liabilities | £363,003,444 | £400,883,366 | — | |
| Net assets | £281,329,540 | £293,831,412 | — | |
| Equity | £281,329,540 | £293,831,412 | — | |
| Average employees | 1,821 | 1,528 | — | |
| Wages | £16,394,670 | £16,694,116 | — | |
| Directors' remuneration | £2,754,979 | £2,305,908 | — |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 3.9% | 2.2% | |
| Net margin | 5.3% | 2.8% | |
| Return on capital employed | 3.8% | 1.9% | |
| Gearing (liabilities / total assets) | 33.3% | 36.1% | |
| Current ratio | 3.39x | 4.01x | |
| Interest cover | 20.44x | 10.30x |
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 3 times since incorporation
- KEYSIGHT TECHNOLOGIES (SPIRENT SERVICES) LIMITED 2006-05-08 → present
- SPIRENT PLC 2000-05-12 → 2006-05-08
- BOWTHORPE PLC 1992-05-20 → 2000-05-12
- BOWTHORPE HOLDINGS PLC 1949-07-16 → 1992-05-20
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making appropriate enquiries and taking into account the matters set out in the Principal Risks and Uncertainties section of this Annual Report, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis of accounting when preparing the financial statements.”
Group structure
- KEYSIGHT TECHNOLOGIES (SPIRENT SERVICES) LIMITED · parent
- Spirent Communications of Ottawa 100%
- Spirent Communications Technology (Beijing) Limited 100%
- Bowthorpe Limited 100%
- Cambridge Analytical Group Limited 100%
- Earlynow Limited 100%
- Inclex No 3 Limited 100%
- Inclex No 5 Limited 100%
- Inclex No 6 Limited 100%
- Inclex No 7 Limited 100%
- PG International Limited 100%
- Shipbrick Limited 54.55%
- Spirent Capital Limited 100%
- Spirent Financial Limited 100%
- Spirent Holdings Limited 100%
- Spirent Investment Limited 100%
- Spirent Limited 100%
- Spirent Sharesave Trust Limited 100%
- Spirent Systems Limited 100%
- Spirent Communications SAS 100%
- Spirent Communications GmbH 100%
- Spirent (Overseas) Limited 100%
- Spirent Communications (Asia) Limited 100%
- Spirent Communications (India) Pvt Limited 100%
- Spirent Communications Japan KK 100%
- Spirent Communications Singapore Pte Limited 100%
- Spirent Communications Korea Inc 100%
- Spirent Communications Taiwan Limited 100%
- Netcom Systems Holdings Corporation 100%
- Spirent Communications Inc 100%
- Spirent Federal Systems Inc 100%
- Spirent Holdings Corporation 100%
- Spirent Communications Hawaii LLC 100%
Significant events
- “The announcement of the transaction with Keysight negatively impacted our performance even further as we saw hesitancy as customers absorbed the news of the acquisition.”
- “In March 2024, the company announced its intention to purchase Keysight Technologies, Inc. (Keysight) in an all-cash acquisition for approximately $1.3 billion.”
- “The offer announced by Keysight Technologies, Inc ("Keysight") in March 2024, which was approved by shareholders in May 2024, has impacted our engagement approach across all stakeholders.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 45 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LI, Jeffrey Kang-Chieh | Secretary | 2025-10-15 | — | — |
| ERICSON, Simon Anthony | Director | 2025-10-15 | Mar 1972 | British |
| LI, Jeffrey Kang-Chieh | Director | 2025-10-15 | Aug 1969 | American |
| ROY, Paul Ian | Director | 2025-10-15 | Jul 1971 | British |
Show 45 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANSCOMBE, Michael John | Secretary | 2007-07-01 | 2009-05-06 |
| ARNAOUTI, Michael | Secretary | 1992-07-01 | 2001-12-31 |
| COX, Edward Brian | Secretary | — | 1992-07-01 |
| EARDLEY, Paul Rex | Secretary | 2001-12-31 | 2007-07-01 |
| IVESON, Angus Edward | Secretary | 2014-10-27 | 2025-10-15 |
| WHITING, Rachel Elizabeth | Secretary | 2009-05-06 | 2014-10-27 |
| BELL, Paula | Director | 2016-09-05 | 2025-10-15 |
| BERESFORD, Marcus De La Poer | Director | 1999-05-21 | 2006-12-22 |
| BISS, Adele | Director | 1993-09-01 | 1997-05-21 |
| BOURNE, Walter | Director | — | 1995-04-14 |
| BRAMSON, Edward John | Director | 2006-12-22 | 2010-05-05 |
| BRINDLE, Ian | Director | 2006-12-22 | 2015-08-07 |
| BROOKES, Nicholas Kelvin | Director | 1995-07-01 | 2004-06-30 |
| BUGGIE, Margaret Mary | Director | 2021-04-29 | 2025-10-15 |
| BULLARD, Gary Bruce | Director | 2016-12-01 | 2025-10-15 |
| BURNS, William | Director | 2008-11-06 | 2013-09-03 |
| CHENG, Paul Ming Fun | Director | 1996-08-01 | 2003-12-31 |
| CHUNG, My Engu | Director | 2001-05-09 | 2004-09-03 |
| D`ALESSIO, Frederick Daniel | Director | 2004-01-26 | 2006-12-22 |
| EASTMAN JR, Gerard L | Director | 2006-12-22 | 2010-05-05 |
| ENNERFELT, Per Goran | Director | 2000-12-19 | 2007-05-24 |
| GIVEN, Andrew Ferguson | Director | 2003-10-09 | 2006-12-22 |
| GUSTAFSSON, Anders | Director | 2004-08-01 | 2007-04-30 |
| HELLSTROM, Kurt Roland | Director | 2004-12-09 | 2006-12-22 |
| HUTCHINSON, Eric George | Director | 2000-01-01 | 2019-05-01 |
| KOH, Wendy Meng Weng | Director | 2018-01-11 | 2025-10-15 |
| LANTZSCH, Thomas Paul | Director | 2015-05-11 | 2017-03-03 |
| LEWIS, Duncan James Daragon | Director | 2007-07-01 | 2016-03-19 |
| MASRI, Edgar | Director | 2018-01-11 | 2025-10-15 |
| MAXWELL, Thomas James | Director | 2007-10-01 | 2017-05-03 |
| MCCARTHY, Colin Michael | Director | — | 1999-12-31 |
| MOLEY, Richard Michael | Director | 2000-04-01 | 2005-05-04 |
| PARSONS, Raymond Arthur | Director | — | 1993-05-17 |
| PENNY, William Alfred, Professor | Director | 1992-05-21 | 1996-05-22 |
| SARNEY, George William, Dr | Director | 1996-08-01 | 2002-04-30 |
| SILVER, Jonathan Charles | Director | 2015-06-26 | 2025-10-15 |
| SWENSON, Susan Gail | Director | 2012-02-01 | 2017-03-08 |
| THOMAS, William Gennydd, Sir | Director | 2016-12-01 | 2025-10-15 |
| UPDYKE, Eric Allen | Director | 2019-05-01 | 2025-10-15 |
| VICE, Henry Anthony | Director | — | 1999-09-09 |
| WALKER, Alexander | Director | 2006-12-22 | 2017-05-03 |
| WESTHEAD, John Michael, Dr | Director | — | 1999-05-20 |
| WESTON, John Pix | Director | 2002-11-07 | 2006-12-22 |
| WHITING, Rachel Elizabeth | Director | 2014-02-01 | 2016-05-04 |
| WYNESS, James Alexander Davidson | Director | — | 2006-05-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Keysight Technologies, Inc. | Corporate entity | Shares 75–100%, Voting 75–100% | 2025-10-15 | Active |
Filing timeline
Last 20 of 1829 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-06 | OC | miscellaneous | Court order | |
| 2025-10-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-23 | SH01 | capital | Capital allotment shares | |
| 2025-07-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-08 | AA | accounts | Accounts with accounts type group | |
| 2025-06-25 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 19
- Capital events
- 1
- Officers appointed
- 4
- Officers resigned
- 9
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.