PRINCIPLE SYSTEMS LIMITED
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Cash
£2.2m
+126.8% vs 2024
Net assets
£12m
+16.9% highest in 3 filed years
Employees
88
+4.8% vs 2024
Profit before tax
£2.2m
+51.7% highest in 3 filed years
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 | £28,379,507 | £28,060,899 | £36,793,808 | +31.1% | |
| Operating profit | £382,312 | £1,402,515 | £2,391,535 | +70.5% | |
| Profit before tax | £412,682 | £1,423,407 | £2,159,533 | +51.7% | |
| Net profit | £363,271 | £1,090,691 | £1,773,390 | +62.6% | |
| Cash | £3,083,342 | £950,371 | £2,155,223 | +126.8% | |
| Total assets less current liabilities | £9,628,506 | £10,732,330 | £12,595,389 | +17.4% | |
| Net assets | £9,427,380 | £10,518,071 | £12,291,461 | +16.9% | |
| Equity | £9,427,380 | £10,518,071 | £12,291,461 | +16.9% | |
| Average employees | 95 | 84 | 88 | +4.8% | |
| Wages | £4,514,907 | £3,621,046 | £4,554,662 | +25.8% | |
| Directors' remuneration | £54,644 | £47,035 | £7,129 | -84.8% |
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 | 1.3% | 5.0% | 6.5% | |
| Net margin | 1.3% | 3.9% | 4.8% | |
| Return on capital employed | 4.0% | 13.1% | 19.0% | |
| Gearing (liabilities / total assets) | — | 77.6% | 76.2% | |
| Current ratio | 1.26x | 1.27x | 1.29x | |
| Interest cover | 23.60x | 52.92x | 10.29x |
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
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”
Group structure
- PRINCIPLE SYSTEMS LIMITED · parent
- Cicrespi Principle Limited 100%
Significant events
- “During the year, the Company disposed of its interests in Principle GmbH for consideration of £500,000, resulting in a profit on disposal of £480,000, which has been recognised within operating profit (see note 6).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLAN, Ciara | Director | 2026-01-01 | Apr 1982 | British |
| BARROWCLIFFE, Emma Louise | Director | 2026-01-01 | Apr 1977 | British |
| BUTTERFIELD, Richard Howard | Director | — | Aug 1961 | British |
| COOKE, Richard John | Director | 2026-01-01 | Dec 1963 | British |
| MCGREGOR, Alasdair Colin | Director | 2026-01-01 | Jun 1980 | British |
| TAYLOR, Michael Robert | Director | 2026-01-01 | Jul 1972 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BELLAMY, James Timothy | Secretary | 2000-03-28 | 2006-06-22 |
| COOPER, David Christopher | Secretary | 2006-06-22 | 2009-12-21 |
| PITT, David Richard | Secretary | 2010-01-01 | 2018-09-09 |
| STOCKS, Nigel Howard | Secretary | — | 2000-03-28 |
| ANDREWS, Elliot Lloyd | Director | 2026-01-01 | 2026-04-30 |
| BELLAMY, James Timothy | Director | 2002-05-14 | 2005-09-30 |
| BENDER, Carl Frederick | Director | 2007-07-25 | 2008-08-22 |
| BONELLO, Michele Angelo | Director | 2022-03-08 | 2022-09-26 |
| BUTCHER, Stephen William | Director | 2006-12-13 | 2007-05-31 |
| COOPER, David Christopher | Director | 2006-12-13 | 2009-12-31 |
| DELLEDONNE, Cristian | Director | 2022-03-08 | 2022-09-26 |
| DEUSCHLE, Mark John | Director | 2012-01-27 | 2015-08-17 |
| DRACHMANN, Finn | Director | 2000-03-28 | 2005-04-27 |
| GREENWOOD, Jason Andrew | Director | 2020-08-24 | 2025-02-10 |
| KIRWAN, Eric Michael | Director | 2000-03-28 | 2006-09-29 |
| MORGAN, Peter Michael | Director | 2000-03-28 | 2005-05-03 |
| PITT, David Richard | Director | 2009-01-01 | 2018-09-09 |
| SEDDON-PRICE, Gareth Andrew | Director | 2006-12-13 | 2008-07-28 |
| SHILLING, Paul | Director | 2006-12-13 | 2015-08-14 |
| SORENSEN, Jorgen Peter | Director | 2005-04-27 | 2006-09-29 |
| STOCKS, Nigel Howard | Director | — | 2000-03-28 |
| TUCK, Graham | Director | 2002-05-14 | 2006-11-10 |
| TURNER, Craig Richard | Director | 2006-12-13 | 2008-11-21 |
| WOODINGS, Victoria Jessica | Director | 2013-11-05 | 2024-10-10 |
| WRIGHT, Nicholas Andrew, Mr. | Director | 2016-01-18 | 2018-11-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Principle Global Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-11-15 | Active |
| Principle Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-04-06 | Ceased 2018-11-15 |
Filing timeline
Last 20 of 202 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-26 | AA | accounts | Accounts with accounts type full | |
| 2026-05-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-14 | AA | accounts | Accounts with accounts type full | |
| 2024-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-09 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 1
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.