ULTRA ELECTRONICS LIMITED
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Cash
£57m
-47.2% vs 2024
Net assets
£153m
-41.6% lowest in 3 filed years
Employees
12
0% vs 2024
Profit before tax
£173m
+61.5% 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 | — | — | — | — | |
| Operating profit | £11,300,000 | £900,000 | -£21,700,000 | -2,511.1% | |
| Profit before tax | £35,400,000 | £107,000,000 | £172,800,000 | +61.5% | |
| Net profit | £22,400,000 | £103,900,000 | £170,300,000 | +63.9% | |
| Cash | £2,700,000 | £108,300,000 | £57,200,000 | -47.2% | |
| Total assets less current liabilities | £192,900,000 | £298,300,000 | £160,500,000 | -46.2% | |
| Net assets | £183,500,000 | £262,200,000 | £153,100,000 | -41.6% | |
| Equity | £183,500,000 | £262,200,000 | £153,100,000 | -41.6% | |
| Average employees | 24 | 12 | 12 | 0% | |
| Wages | £2,800,000 | £2,100,000 | £1,500,000 | -28.6% | |
| Directors' remuneration | £500,000 | £0 | £400,000 | — | |
| Directors' pension contributions | £600,000 | £0 | — | — | |
| Highest paid director | £800,000 | £0 | £300,000 | — |
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 |
|---|---|---|---|---|
| Return on capital employed | 5.9% | 0.3% | -13.5% | |
| Gearing (liabilities / total assets) | 31.9% | 17.2% | 11.0% | |
| Current ratio | 0.66x | 6.26x | 9.83x | |
| Interest cover | — | 0.82x | -43.40x |
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
- ULTRA ELECTRONICS LIMITED 1993-08-13 → present
- OVAL (882) LIMITED 1993-06-25 → 1993-08-13
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Therefore, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- ULTRA ELECTRONICS LIMITED · parent
- Ultra PCS Limited 100%
- Ultra Cyber Limited 100%
- Ultra I&C Limited 100%
- Ultra Sonar Systems Limited 100%
- Ultra Electronics CEMS Limited 100%
Significant events
- “The sale of the Precision Control Systems ("PCS") business to Eaton Corporation plc was announced on 15 June 2025 for an Enterprise Value of $1.55 billion. This included the directly held subsidiary, Ultra PCS Limited... The sale completed on 23 January 2026”
- “On 21 March 2026, the Group signed an agreement to sell its Cyber business, including the directly held subsidiary, Ultra Cyber Limited... to Airbus's Defence and Space division for £86m.”
- “On 10 April 2026, the Group signed an agreement to sell its Communications ("Comms") business, including the directly held subsidiary, Ultra I&C Limited”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 41 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KIRK, Graham Henry | Secretary | 2022-12-09 | — | — |
| KIRK, Graham Henry | Director | 2022-11-10 | Nov 1978 | British |
| LEWIS, Sven Evan | Director | 2023-10-30 | Apr 1973 | British |
Show 41 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLOGH, Julian, Doctor | Secretary | 1993-09-16 | 1993-11-22 |
| GARBETT-EDWARDS, David | Secretary | 2009-04-16 | 2012-04-25 |
| HARRIS, Sharon | Secretary | 2012-04-25 | 2018-01-02 |
| JEFFCOAT, David John | Secretary | 2000-07-24 | 2009-04-16 |
| PRAKASH, Anant | Secretary | 2018-01-03 | 2021-03-18 |
| RUPPEL, Brenda Louise | Secretary | 2021-03-18 | 2022-12-09 |
| YEOMAN, Ian Christopher | Secretary | 1993-08-17 | 2000-07-24 |
| OVALSEC LIMITED | Corporate Nominee Secretary | 1993-06-25 | 1993-08-17 |
| ANDERSON, Mark, Rear Admiral | Director | 2012-03-05 | 2017-06-01 |
| BAPTIST, Michael | Director | 2018-01-19 | 2022-08-31 |
| BLOGH, Julian, Doctor | Director | 1993-08-17 | 2005-08-05 |
| CASHIN, Richard John | Director | 2021-03-18 | 2022-01-31 |
| CASTER, Douglas | Director | 2018-01-02 | 2018-06-18 |
| CASTER, Douglas | Director | 1993-11-26 | 2011-04-21 |
| COLES, Raymond William | Director | 1993-11-25 | 2005-07-11 |
| DEAN, Paul David | Director | 2009-04-16 | 2013-03-31 |
| EVANS, Philip Stephen | Director | 2009-03-18 | 2013-12-09 |
| GANE, Christopher Nigel | Director | 2013-12-09 | 2015-03-30 |
| HAMMENT, Andrew Norman | Director | 1993-11-30 | 2012-03-05 |
| HENRY, Robert William | Director | 2009-03-18 | 2014-07-10 |
| HOPE, Frank, Dr | Director | 1995-03-17 | 2008-07-31 |
| IZQUEIRDO, Stephen | Director | 2021-03-18 | 2022-12-09 |
| JEFFCOAT, David John | Director | 2000-07-24 | 2009-04-16 |
| LANE, Richard George | Director | 1993-10-09 | 2000-08-17 |
| MASSON, James Mcintosh | Director | 1993-11-22 | 1997-12-11 |
| MASTERS, Michael Philip | Director | 1993-11-22 | 1997-02-14 |
| PAIN, Brendan Gerald Patrick | Director | 1993-11-22 | 2002-03-28 |
| PRYCE, Simon Charles Conrad | Director | 2018-06-18 | 2022-12-09 |
| ROTHWELL, Bridget Mary | Director | 2022-11-10 | 2023-03-31 |
| SANTIAGO, Carlos Ricardo | Director | 2018-01-19 | 2019-03-21 |
| SCLATER, Mark Josceline | Director | 2019-12-16 | 2022-12-09 |
| SHARMA, Amitabh | Director | 2016-05-04 | 2019-12-31 |
| SHARMA, Rakesh | Director | 2009-03-18 | 2017-11-10 |
| STACEY, Graeme David | Director | 2011-04-21 | 2020-04-30 |
| TAYLOR, John | Director | 1993-08-17 | 1999-02-28 |
| THOMSON, Keith | Director | 2009-03-18 | 2017-05-31 |
| WALDNER, Mary Elizabeth | Director | 2013-07-01 | 2016-03-16 |
| WEBB, Richard David Robert | Director | 2022-12-09 | 2023-10-30 |
| YEOMAN, Ian Christopher | Director | 1993-08-17 | 2000-07-24 |
| OVAL NOMINEES LIMITED | Corporate Nominee Director | 1993-06-25 | 1993-08-17 |
| OVALSEC LIMITED | Corporate Nominee Director | 1993-06-25 | 1993-08-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cobham Ultra Uk Holdings Limited | Corporate entity | Shares 75–100% | 2023-04-26 | Active |
| Ultra Electronics Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-04-26 |
Filing timeline
Last 20 of 231 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-28 | AA | accounts | Accounts with accounts type full | |
| 2025-03-22 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-03-04 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-11-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-07-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-05-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-04-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-03 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.