PURETECH SYSTEMS LIMITED
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Cash
£1.6M
-2.7% vs 2024
Net assets
-£245K
-103.7% lowest in 6 filed years
Employees
43
-6.5% vs 2024
Profit before tax
-£942K
+12.7% vs 2024
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.
-
Negative shareholders' funds
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £14,656,522 | £11,716,454 | £10,430,016 | -11% | |
| Operating profit | — | — | — | -£839,302 | -£1,080,236 | -£1,003,249 | +7.1% | |
| Profit before tax | — | — | — | -£844,183 | -£1,080,042 | -£942,464 | +12.7% | |
| Net profit | — | £1,408,075 | £835,679 | -£570,134 | -£1,063,217 | -£693,680 | +34.8% | |
| Cash | £481,646 | £287,742 | £561,890 | £1,808,272 | £1,652,948 | £1,608,053 | -2.7% | |
| Total assets less current liabilities | £5,667,187 | £7,079,529 | £3,551,635 | £7,741,702 | £6,898,643 | -£171,772 | -102.5% | |
| Net assets | £5,479,523 | £6,887,598 | £3,277,115 | £7,640,340 | £6,577,123 | -£244,508 | -103.7% | |
| Equity | £5,479,523 | £6,887,598 | £3,277,115 | £7,640,340 | — | -£244,508 | — | |
| Average employees | 36 | 36 | 45 | 50 | 46 | 43 | -6.5% | |
| Wages | — | — | — | £3,458,373 | £3,155,874 | £2,797,647 | -11.4% | |
| Directors' remuneration | — | — | — | £650,658 | £337,136 | £324,225 | -3.8% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -5.7% | -9.2% | -9.6% | |
| Net margin | — | — | — | -3.9% | -9.1% | -6.7% | |
| Return on capital employed | — | — | — | -10.8% | -15.7% | — | |
| Gearing (liabilities / total assets) | — | — | — | — | -2.2% | 104.1% | |
| Current ratio | — | — | — | 3.30x | 0.96x | 0.78x |
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
- PURETECH SYSTEMS LIMITED 2025-05-20 → present
- U.K. GAS TECHNOLOGIES LIMITED 1990-12-06 → 2025-05-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- 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 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
- PURETECH SYSTEMS LIMITED · parent
- Medical Gases Limited 100%
- Microgas Systems Limited 100%
- Puretech Process Systems Limited 100%
Significant events
- “On 16 February 2026, Barclays Bank PLC now hold an additional fixed and floating charge over the accounts.”
- “The directors plan to transfer the trade and assets of the subsidiary undertakings to the Company on 31/12/2026 as a result the subsidiary undertakings will cease to trade on 31/12/2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FARRELL, Michelle Dominique | Secretary | 2025-03-24 | — | — |
| FIELD, Declan Patrick | Director | 2024-03-14 | Mar 1962 | Irish |
| LITTLEWOOD, Gary Edward | Director | — | Nov 1961 | British |
| WAKEHAM, Neal | Director | 2024-12-02 | Jun 1970 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRETT, Andrew John | Secretary | — | 2024-02-29 |
| BARRETT, Andrew John | Director | — | 2024-02-29 |
| O'BRIEN, Morgan Joseph | Director | 2020-09-17 | 2021-06-28 |
| PARRY, Robert David | Director | 2020-09-17 | 2024-07-08 |
| SAMUELSON, Joacim | Director | 2020-09-17 | 2024-07-08 |
| SMITH, Robert | Director | 2020-09-17 | 2024-12-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Barwood Process Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-03-10 | Ceased 2025-05-21 |
| Uk Gas Technologies Limited | Corporate entity | Shares 75–100% | 2020-03-10 | Active |
| Mr Andrew John Barrett | Individual | Shares 75–100% | 2016-04-06 | Ceased 2020-03-10 |
Filing timeline
Last 20 of 118 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-20 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-04 | AA | accounts | Accounts with accounts type full | |
| 2026-05-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-05-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-05-20 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-03-24 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-02-27 | CH01 | officers | Change person director company with change date | |
| 2024-12-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AA | accounts | Accounts with accounts type group | |
| 2024-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-12 | CH01 | officers | Change person director company with change date |
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.