SAPPHIRE TECHNOLOGIES LIMITED
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Cash
—
Latest balance sheet
Net assets
-£4.4M
-19.1% lowest in 3 filed years
Employees
98
-27.9% vs 2024
Profit before tax
-£872K
+73.1% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Technology 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 | £13,130,000 | £11,943,000 | £14,670,000 | +22.8% | |
| Operating profit | -£3,056,000 | -£3,227,000 | -£866,000 | +73.2% | |
| Profit before tax | -£3,058,000 | -£3,243,000 | -£872,000 | +73.1% | |
| Net profit | -£2,540,000 | -£2,711,000 | -£719,000 | +73.5% | |
| Cash | -£1,949,000 | -£3,692,000 | — | — | |
| Total assets less current liabilities | -£1,003,000 | -£3,714,000 | — | — | |
| Net assets | -£1,003,000 | -£3,714,000 | -£4,422,000 | -19.1% | |
| Equity | -£1,003,000 | -£3,714,000 | -£4,422,000 | -19.1% | |
| Average employees | 87 | 136 | 98 | -27.9% | |
| Wages | £5,740,000 | £6,498,000 | £6,292,000 | -3.2% | |
| Directors' remuneration | £283,000 | £308,000 | £294,000 | -4.5% |
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 | -23.3% | -27.0% | -5.9% | |
| Net margin | -19.3% | -22.7% | -4.9% | |
| Current ratio | 0.79x | 0.54x | 0.62x |
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
- SAPPHIRE TECHNOLOGIES LIMITED 1998-10-30 → present
- BROMSGROVE INFORMATION TECHNOLOGY LIMITED 1996-10-01 → 1998-10-30
- CLASSRACING LIMITED 1996-04-10 → 1996-10-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, at the date of approval of these financial statements, the directors believe that sufficient funds will continue to be made available by the Group and therefore the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Directors continue to prepare the financial statements on a going concern basis.”
Significant events
- “Transformation of the business was completed in 2025, returning the business to a position of sustained growth and profitability.”
- “Annually Recurring Revenues (ARR) increased 93% to £5.6m (2024: £2.9m), up from 20% in 2023 to 38% of total turnover in 2025.”
- “Technology Resale fell to 43% of turnover (2024: 53%), down from a peak of 59% in 2023.”
- “Gross Profit % increased to 28% (2024: 25%).”
- “Adjusted EBITDA loss decreased from £2.6m in 2024 to £0.2m in 2025, returning to profitability in Q4 2025.”
- “Successfully won several new logos in the Public and Private sector in 2025, including the Department for Transport.”
- “Headcount increased from 93 at 31 December 2024 to 100 at 31 December 2025, though average employees decreased from 102 in 2024 to 98 in 2025.”
- “The company issued 8,333 'C' ordinary shares and 2,500 'D' ordinary shares on 13 October 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FOTHERGILL, John Kiran Read | Director | 2020-10-28 | Jun 1994 | British |
| SHAH, Mayan Kantilal | Director | 2000-11-24 | Apr 1966 | British |
| THOMAS, Ian | Director | 2024-03-06 | Nov 1970 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEANE, Joseph Andrew | Secretary | 2001-04-25 | 2021-03-31 |
| HUMPHREYS, David John | Secretary | 1996-09-24 | 2001-04-25 |
| MOFFAT, Alan | Secretary | 2021-03-31 | 2024-03-07 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1996-04-10 | 1996-09-24 |
| BERRY, Annabel | Director | 2014-04-09 | 2023-02-02 |
| BHAGWANDEEN, Sunil Dev | Director | 2000-11-24 | 2007-06-05 |
| CAVENEY, John Edmund Anthony | Director | 2000-03-30 | 2008-07-31 |
| DAVIES, Richard James Guy | Director | 2012-11-23 | 2018-10-31 |
| DEANE, Joseph Andrew | Director | 2003-10-22 | 2021-03-31 |
| FOGGON, Keith | Director | 2000-11-24 | 2005-11-01 |
| FOTHERGILL, John Donald Read | Director | 2018-10-31 | 2020-10-28 |
| FOTHERGILL, John Donald Read | Director | 1996-09-24 | 2012-11-23 |
| HOPE, Trevor Thomas | Director | 1996-09-24 | 1999-01-29 |
| HORN, David Thomas | Director | 2009-12-09 | 2015-10-08 |
| LANNIN, David Gerald | Director | 2014-04-09 | 2023-10-06 |
| MCNULTY, Stephen Michael | Director | 1996-11-14 | 1998-02-27 |
| MOFFAT, Alan | Director | 2014-04-09 | 2024-03-07 |
| MORRISON, John Angus Duncan | Director | 1997-05-14 | 2015-02-27 |
| TATKO, Stanley Joseph | Director | 2000-03-30 | 2001-12-10 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1996-04-10 | 1996-09-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kiplun Ltd | Corporate entity | Shares 50–75%, Voting 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 149 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-24 MA Memorandum articles
- 2025-10-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-10 | AA | accounts | Accounts with accounts type full | |
| 2026-04-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-28 | AA | accounts | Accounts with accounts type full | |
| 2025-10-24 | MA | incorporation | Memorandum articles | |
| 2025-10-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-24 | SH01 | capital | Capital allotment shares | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-08 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-11-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2023-07-09 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-08 | AA | accounts | Accounts with accounts type full | |
| 2023-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-29 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- 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.