TAG SYSTEMS UK LIMITED
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Cash
£2.5M
-29.9% lowest in 5 filed years
Net assets
£5.9M
-3.2% vs 2024
Employees
140
+1.4% vs 2024
Profit before tax
£4.7M
-23.7% vs 2024
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-11-30 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £10,230,632 | £9,685,427 | £30,249,733 | £54,024,132 | £37,323,192 | -30.9% | |
| Operating profit | £1,379,277 | £524,405 | £3,839,164 | £6,135,052 | £4,740,156 | -22.7% | |
| Profit before tax | £1,993,720 | £1,068,446 | £3,809,289 | £6,145,239 | £4,691,728 | -23.7% | |
| Net profit | £1,943,289 | £1,043,318 | £2,821,896 | £4,728,885 | £3,504,994 | -25.9% | |
| Cash | £5,874,109 | £3,304,365 | £2,479,846 | £3,524,662 | £2,470,500 | -29.9% | |
| Total assets less current liabilities | £13,391,375 | £9,871,012 | £6,472,740 | £7,037,447 | £6,767,978 | -3.8% | |
| Net assets | £11,293,900 | £9,258,595 | £5,428,938 | £6,098,843 | £5,903,837 | -3.2% | |
| Equity | £11,293,900 | £9,258,595 | £5,428,938 | £6,098,843 | £5,903,837 | -3.2% | |
| Average employees | 163 | 157 | 130 | 138 | 140 | +1.4% | |
| Wages | £4,222,870 | £5,179,730 | £4,166,622 | £4,641,113 | £5,026,972 | +8.3% | |
| Directors' remuneration | £527,350 | £1,673,137 | £498,499 | £445,714 | £556,867 | +24.9% |
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 | 2020-11-30 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 13.5% | 5.4% | 12.7% | 11.4% | 12.7% | |
| Net margin | 19.0% | 10.8% | 9.3% | 8.8% | 9.4% | |
| Return on capital employed | 10.3% | 5.3% | 59.3% | 87.2% | 70.0% | |
| Gearing (liabilities / total assets) | — | — | 49.4% | 56.0% | — | |
| Current ratio | — | — | 1.46x | 1.16x | 1.04x | |
| Interest cover | 18.11x | 4.58x | — | — | 97.88x |
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
- TAG SYSTEMS UK LIMITED 2022-10-05 → present
- NITECREST LIMITED 2002-10-22 → 2022-10-05
- FIRST CLASS RESPONSE LTD. 1996-06-24 → 2002-10-22
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Rödl & Partner 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.”
Significant events
- “During the year, the company introduced its end-to-end Card-as-a-Service (CaaS) model. This represents a significant strategic development and is contributing to the company's growth trajectory while strengthening long-term sustainability across the region.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KIRCHMAYR, Markus | Director | 2021-12-20 | Nov 1980 | Austrian |
| KONTOS, Emmanouil | Director | 2024-04-15 | Dec 1971 | Greek |
| NEERAAS, Jon | Director | 2021-12-20 | Dec 1966 | Norwegian |
| READ-POTTER, Ryan Lee | Director | 2026-03-31 | Oct 1991 | British |
| SMITH, Dean Richard | Director | 2026-03-31 | Aug 1971 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HART, Susan | Secretary | 1996-06-24 | 2021-09-23 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1996-06-24 | 1996-06-24 |
| AOUN, Joseph | Director | 2008-12-01 | 2021-12-20 |
| BRADLEY, Hilary Ann | Director | 2001-11-30 | 2021-12-20 |
| HART, John Michael | Director | 2002-10-16 | 2021-12-20 |
| HART, Ronald Michael | Director | 2001-11-30 | 2026-03-31 |
| HART, Ronald Anthony | Director | 1996-06-24 | 2014-04-16 |
| HART, Susan | Director | 1998-06-15 | 2021-08-31 |
| JEFFERS, Kathryn Mary | Director | 2003-04-24 | 2021-12-20 |
| PYE, Leeroy | Director | 2010-07-01 | 2026-03-31 |
| SLATER, Wendy | Director | 2006-10-01 | 2021-12-20 |
| SPYROPOULOS, Panagiotis | Director | 2021-12-20 | 2024-03-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Austriacard Holdings Ag | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-23 | Active |
| Mr Ronald Michael Hart | Individual | Shares 25–50%, Voting 25–50% | 2021-03-15 | Ceased 2021-12-20 |
| Executors Of Ronald Anthony Hart (Deceased) | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2021-03-02 |
Filing timeline
Last 20 of 149 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-02 | CH01 | officers | Change person director company with change date | |
| 2026-06-02 | AA | accounts | Accounts with accounts type full | |
| 2026-05-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-27 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-09-16 | AA | accounts | Accounts with accounts type full | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-18 | AA | accounts | Accounts with accounts type full | |
| 2024-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-08 | AA | accounts | Accounts with accounts type full | |
| 2023-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-27 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.