BUSINESS SYSTEMS (U.K.) LIMITED
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Cash
£623K
-47.2% vs 2023
Net assets
£2.8M
-37.9% vs 2023
Employees
91
+2.2% vs 2023
Profit before tax
-£1.5M
-1,206.2% vs 2023
Net assets
2-year trend · vs Industrials 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 | £16,563,394 | £16,666,860 | +0.6% | |
| Operating profit | -£124,192 | -£1,503,797 | -1,110.9% | |
| Profit before tax | -£114,925 | -£1,501,148 | -1,206.2% | |
| Net profit | £301,521 | -£1,732,782 | -674.7% | |
| Cash | £1,179,718 | £623,306 | -47.2% | |
| Total assets less current liabilities | £4,678,996 | £3,177,848 | -32.1% | |
| Net assets | £4,577,923 | £2,845,141 | -37.9% | |
| Equity | £4,577,923 | £2,845,141 | -37.9% | |
| Average employees | 89 | 91 | +2.2% | |
| Wages | £5,819,401 | £4,786,627 | -17.7% | |
| Directors' remuneration | £206,490 | £533,944 | +158.6% |
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 |
|---|---|---|---|
| Operating margin | -0.7% | -9.0% | |
| Net margin | 1.8% | -10.4% | |
| Return on capital employed | -2.7% | -47.3% | |
| Gearing (liabilities / total assets) | 72.1% | 82.9% | |
| Current ratio | 1.14x | 0.98x |
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
- BUSINESS SYSTEMS (U.K.) LIMITED 1988-02-22 → present
- BUSINESS SYTEMS (U.K.) LIMITED 1988-01-29 → 1988-02-22
- RESERVESTAR LIMITED 1987-11-27 → 1988-01-29
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the information contained in these forecasts and, after making due enquiries, the Directors have at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. As a result, the Directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “Subsequent to the year-end, the group negotiated a revision to the bank loan covenants in order to give more flexibility in cash and profitability metrics as the group transitions to a SaaS model and continues to invest in its Wordwatch platform.”
- “Furthermore, additional investment was received from the group's major investor as it continues to support the strategic objectives of the Group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WARDELL, Michael David | Director | 2024-02-01 | Mar 1981 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| THURSTON, Stephen | Secretary | — | 2020-12-23 |
| BREWER, Ian David | Director | 2023-11-15 | 2024-12-27 |
| KANTOR, Adam Seth | Director | 2020-12-23 | 2024-02-01 |
| LOVE, Geoffrey Adrian | Director | 2020-12-23 | 2024-02-21 |
| MILL, Richard Peter | Director | — | 2020-12-23 |
| MORRIS, Brett Plunkett | Director | 2021-10-20 | 2023-01-27 |
| THURSTON, Stephen | Director | — | 2020-12-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Saxon Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-12-23 | Active |
| Mr Richard Peter Mill | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2020-12-23 |
| Mr Stephen Thurston | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-12-23 |
Filing timeline
Last 20 of 144 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-22 | AD03 | address | Move registers to sail company with new address | |
| 2025-10-21 | AD02 | address | Change sail address company with new address | |
| 2025-10-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-09-04 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-07-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-23 | CS01 | confirmation-statement | Confirmation statement | |
| 2025-01-06 | AA | accounts | Accounts with accounts type full | |
| 2025-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-28 | AA | accounts | Accounts with accounts type full | |
| 2023-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-20 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.