SAS HOLDINGS LIMITED — The Accounts

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

1 PSC ceased in last 24 months

Significant control changed hands — see the Ownership section.

Net assets

2-year trend · vs Industrials median

SAS HOLDINGS LIMITED·Industrials median · n=12852

Accounts

2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric	2024-12-31	2025-12-31	Δ vs prior
Turnover	£87,292,000	£97,540,000	+11.7%
Operating profit	-£2,795,000	£1,096,000	+139.2%
Profit before tax	-£2,178,000	£1,533,000	+170.4%
Net profit	-£1,692,000	£776,000	+145.9%
Cash	£22,828,000	£16,112,000	-29.4%
Total assets less current liabilities	£74,901,000	£72,035,000	-3.8%
Net assets	£73,027,000	£69,740,000	-4.5%
Equity	£73,027,000	£69,740,000	-4.5%
Average employees	690	700	+1.4%
Wages	£30,998,000	£30,680,000	-1%
Directors' remuneration	£639,000	£630,000	-1.4%

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	2024-12-31	2025-12-31
Operating margin	-3.2%	1.1%
Net margin	-1.9%	0.8%
Return on capital employed	-3.7%	1.5%
Gearing (liabilities / total assets)	17.0%	12.7%
Current ratio	4.33x	5.31x
Interest cover	-43.67x	—

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 1 time since incorporation

SAS HOLDINGS LIMITED 1988-09-09 → present
SPECIAL ACOUSTIC SERVICES GROUP HOLDINGS LIMITED 1983-02-07 → 1988-09-09

Audit & accounting basis

Accounting basis: FRS 102
Reporting scope: Consolidated group
Auditor: Grant Thornton UK LLP
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“In auditing the financial statements, we have concluded that the directors' 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 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

SAS HOLDINGS LIMITED · parent
1. SAS International Limited 100% · England and Wales · Design, manufacture and installation of suspended ceilings, partitioning and other building products. Provision of project management services on construction projects.
2. SAS Building Factors Ireland Limited 100% · Republic of Ireland · Distribution of suspended ceilings, partitioning and other building products.
3. SAS International Australia Pty Limited 100% · Australia · Distribution of suspended ceilings, partitioning and other building products.
4. SAS International Hong Kong Limited 100% · Hong Kong · Design and installation of suspended ceilings, partitioning and other building products. Provision of project management services on construction projects.
5. SAS International Inc. 100% · USA · Design and distribution of suspended ceilings, partitioning and other building products.
6. Systèmes Acoustiques Spéciaux SAS 100% · France · Distribution of suspended ceilings, partitioning and other building products.
7. Truline Systems Limited 100% · England and Wales · Design and manufacture of partitioning and door systems.

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

6 active · 29 resigned

Name	Role	Appointed	Born	Nationality
GAMMON, Alyn	Secretary	2019-06-28	—	—
BIRD, Stephen Clive	Director	2025-12-01	Sep 1960	British
COOPER, Paul Anthony	Director	2022-02-24	Oct 1972	British
GAMMON, Alyn Huw	Director	2011-06-06	Mar 1970	British
MCELHINNEY, Siobhan Johanna	Director	2012-09-17	Oct 1973	British
THOMAS, Gareth Rhys	Director	2024-05-31	Mar 1977	British

Show 29 resigned officers

Name	Role	Appointed	Resigned
BICHAN, David James	Secretary	2006-08-15	2011-05-23
MATTHEWS, Brigid Sarah	Secretary	2011-05-23	2019-06-27
MATTHEWS, Brigid	Secretary	—	2003-07-18
ROBERTS, Kimberley Dawn	Secretary	2003-07-18	2006-08-15
ADAMS, Anthony Kenneth	Director	—	1992-10-22
ADAMS, Michael Paul	Director	—	1992-10-22
ALTMAN, Roderick Craig	Director	2014-08-18	2021-01-22
AUSTEN, Jonathan Martin	Director	1992-03-30	1993-01-29
BALFOUR, Hew Edward Ogilvy	Director	2010-07-05	2021-02-16
BICHAN, David James	Director	2006-08-15	2011-05-23
BICHAN, David James	Director	2001-09-03	2002-09-30
HAMILL, Ronald Gordon	Director	—	1996-06-28
KAYE, Gerald Anthony	Director	—	1992-10-22
KING, John Musgrave	Director	—	2016-11-12
LEATHERBARROW, David	Director	2011-11-08	2012-02-13
LENNEY, Rikky Charles	Director	2020-01-01	2021-02-17
MATTHEWS, Brigid	Director	1992-11-25	2003-07-18
MATTHEWS, Brigid	Director	—	1992-10-22
MCELHINNEY, Edward Anthony	Director	—	2023-02-09
MCELHINNEY, Mark Edward	Director	1999-03-30	2015-11-13
MCRAE, Gary	Director	2015-08-01	2024-09-06
MORTON, Simon Stuart	Director	1999-03-30	2005-12-30
SMITH, Phillip John	Director	2015-06-30	2021-02-16
SMITH, Phillip John	Director	2011-11-08	2014-10-07
STANDEN, John Francis	Director	1997-03-01	2000-03-31
VAN DOORMALEN, Gerardus Johannes	Director	2021-01-22	2023-10-26
WALTERS, Peter David	Director	1998-05-06	2002-09-30
WILLIAMS, Anthony John	Director	2012-03-01	2015-05-31
WILLIAMS, Anthony John	Director	2001-01-01	2006-05-31

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Cavan	Corporate entity	Shares 25–50%, Voting 25–50%	2026-03-25	Active
Ms Siobhan Johanna Mcelhinney	Individual	Shares 25–50%, Voting 25–50%	2016-09-12	Ceased 2026-03-25

Filing timeline

Last 20 of 258 total filings

Material constitutional events — rename, articles re-file, resolution

2026-05-23 MA Memorandum articles

Date	Type	Category	Description
2026-07-11	AA	accounts	Accounts with accounts type group
2026-06-03	TM01	officers	Termination director company with name termination date	PDF
2026-05-23	MA	incorporation	Memorandum articles
2026-05-06	PSC02	persons-with-significant-control	Notification of a person with significant control	PDF
2026-05-06	PSC07	persons-with-significant-control	Cessation of a person with significant control	PDF
2026-02-09	CS01	confirmation-statement	Confirmation statement with updates	PDF
2026-01-09	AP01	officers	Appoint person director company with name date	PDF
2025-09-18	AA	accounts	Accounts with accounts type group
2025-02-14	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-09-22	AA	accounts	Accounts with accounts type group
2024-09-09	TM01	officers	Termination director company with name termination date	PDF
2024-05-31	AP01	officers	Appoint person director company with name date	PDF
2024-02-23	CS01	confirmation-statement	Confirmation statement with updates	PDF
2023-10-27	TM01	officers	Termination director company with name termination date	PDF
2023-08-23	AA	accounts	Accounts with accounts type group
2023-03-29	PSC04	persons-with-significant-control	Change to a person with significant control	PDF
2023-03-10	TM01	officers	Termination director company with name termination date	PDF
2023-02-28	SH06	capital	Capital cancellation shares
2023-02-28	SH03	capital	Capital return purchase own shares
2023-02-20	CS01	confirmation-statement	Confirmation statement with updates	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 8
Capital events: 0
Officers appointed: 1
Officers resigned: 0

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.