XAAR PLC
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Cash
£44M
+466.5% highest in 3 filed years
Net assets
£56M
-6.1% lowest in 3 filed years
Employees
333
-7.2% vs 2024
Profit before tax
-£4.4M
+53.3% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | £70,241,000 | £53,756,000 | £60,055,000 | +11.7% | |
| Operating profit | -£5,601,000 | -£9,018,000 | -£4,015,000 | +55.5% | |
| Profit before tax | -£5,601,000 | -£9,372,000 | -£4,379,000 | +53.3% | |
| Net profit | -£5,228,000 | — | — | — | |
| Cash | £7,135,000 | £7,849,000 | £44,464,000 | +466.5% | |
| Total assets less current liabilities | £85,582,000 | £64,284,000 | £61,048,000 | -5% | |
| Net assets | £71,505,000 | £59,936,000 | £56,279,000 | -6.1% | |
| Equity | £71,505,000 | £59,936,000 | £56,279,000 | -6.1% | |
| Average employees | 230 | 359 | 333 | -7.2% | |
| Wages | £23,654,000 | £20,557,000 | £21,139,000 | +2.8% | |
| Directors' remuneration | £457,000 | £664,000 | £714,000 | +7.5% |
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 | -8.0% | -16.8% | -6.7% | |
| Net margin | -7.4% | — | — | |
| Return on capital employed | -6.5% | -14.0% | -6.6% | |
| Gearing (liabilities / total assets) | 26.5% | 26.3% | 28.1% | |
| Current ratio | 5.41x | 2.91x | 2.55x | |
| Interest cover | -2.18x | -20.54x | -8.71x |
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
- XAAR PLC 1997-09-17 → present
- HARBOURJET LIMITED 1997-02-19 → 1997-09-17
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are satisfied that the Group has sufficient financial resources to continue operating for at least 12 months from the date of signing of the 2025 Annual Report, and therefore, have adopted the going concern basis in preparing the Group's 2025 Financial Statements.”
Group structure
- XAAR PLC · parent
- Xaar Technology Limited 100%
- XaarJet Limited 100%
- XaarJet (Overseas) Limited 100%
- Xaar Trustee Limited 100%
- Xaar Digital Limited 100%
- Xaar 3D Holdings Limited 100%
- Xaar US Holdings Inc. 100%
- Pad Print Machinery of Vermont Inc. 100%
- Xaar Americas Inc. 100%
- Xaar Inkjet Technology (Shenzhen) Company Limited 100%
- FFEI Limited 100%
- Megnajet Limited 100%
- Techomation Limited 100%
- Xaar Inkjet Technology (Dongguan) Co Ltd 100%
Significant events
- “On 19 March 2026, Xaar PLC successfully extended a £5 million Revolving Credit Facility (RCF) agreement to £10 million, which matures in March 2029.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 52 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMITH, Warren | Secretary | 2026-07-01 | — | — |
| AMOS, Richard John | Director | 2023-06-01 | Feb 1967 | British |
| BRAUNSCHMIDT, Inken, Dr | Director | 2024-06-01 | Oct 1974 | German |
| JAMES, Paul Anthony | Director | 2024-11-20 | Feb 1967 | British |
| MILLS, Robert John, Dr | Director | 2019-09-26 | Feb 1969 | British |
| STOCKS, Benjamin Denys William | Director | 2025-10-01 | Nov 1962 | British |
| SUTTON, Jacqueline Helen | Director | 2023-11-01 | Jun 1966 | British |
| WIDDOWSON, Stuart Guy | Director | 2024-02-27 | Jun 1976 | British |
Show 52 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BERRY, Nigel Andrew | Secretary | 2002-05-20 | 2003-12-01 |
| BEVIS, Alexander Peter | Secretary | 2011-03-31 | 2017-03-29 |
| BRAULT, James Michael | Secretary | 2017-03-29 | 2017-05-02 |
| COTTAGE, Camila | Secretary | 2021-02-01 | 2022-10-20 |
| COTTAGE, Camila | Secretary | 2018-11-15 | 2019-12-01 |
| CRANE, Julia Alison | Secretary | 2023-01-16 | 2026-01-01 |
| GREENWOOD, Pheobe | Secretary | 2026-01-01 | 2026-07-01 |
| LIU, Lily | Secretary | 2017-05-02 | 2018-11-14 |
| LOWE, Jonathan | Secretary | 1997-09-01 | 2001-03-27 |
| MACLEOD, Gordon Neil | Secretary | 2001-03-27 | 2002-05-20 |
| MILLS, Robert John, Dr | Secretary | 2019-12-01 | 2020-03-01 |
| TAYLOR, Andrew William | Secretary | 2003-12-01 | 2011-03-31 |
| TICHIAS, Ian Alan | Secretary | 2022-10-20 | 2023-01-16 |
| TICHIAS, Ian Alan | Secretary | 2020-03-01 | 2021-02-01 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Secretary | 1997-02-19 | 1997-09-01 |
| BAKER SMITH, Hugh | Director | 1998-11-17 | 2005-01-24 |
| BARHAM, Richard Michael Kendall | Director | 2012-03-05 | 2015-12-11 |
| BERRY, Nigel Andrew | Director | 2002-05-20 | 2008-03-31 |
| BEVIS, Alexander Peter | Director | 2011-02-14 | 2017-03-29 |
| BORRELL BAYONA, Ramon | Director | 2007-09-01 | 2014-04-01 |
| BRAULT, James Michael | Director | 2015-03-02 | 2016-03-16 |
| CHARLTON, Peter John | Director | 1997-02-19 | 1997-09-01 |
| CHEESMAN, David | Director | 2011-07-04 | 2015-05-13 |
| CREUTZMANN, Edmund Dieter | Director | 2014-04-01 | 2015-04-27 |
| DINWOODIE, Ian Neil | Director | 2001-11-13 | 2015-03-27 |
| EAVES, Philip | Director | 2005-03-01 | 2012-03-31 |
| ECKELMANN, Robert Laurence | Director | 2005-10-01 | 2011-05-17 |
| EDWARDS, Douglas James | Director | 2015-01-05 | 2019-10-10 |
| FINEMAN, Jan Carl Ludvig | Director | 1999-08-18 | 2003-07-01 |
| GEARY, Michael John | Director | 1997-09-17 | 2005-04-28 |
| HERBERT, Andrew Charles | Director | 2016-06-01 | 2025-09-30 |
| HOOK, Robert Charles, Doctor | Director | 1997-09-17 | 2000-07-18 |
| KENKARE, Shomit Ashok | Director | 2018-11-15 | 2019-12-31 |
| KING, Richard Ashton | Director | 1997-09-17 | 2008-05-13 |
| LAWLER, Philip James | Director | 2007-06-01 | 2016-09-30 |
| LITTLEY, Alison Louise | Director | 2020-05-01 | 2024-06-30 |
| LIU, Lili | Director | 2017-05-02 | 2018-11-14 |
| LOCKETT, Gregory Roland | Director | 2007-10-15 | 2011-01-10 |
| LOWE, Jonathan | Director | 1997-09-01 | 2001-03-27 |
| MACLEOD, Gordon Neil | Director | 2001-03-27 | 2002-05-20 |
| MORGAN, Christopher William | Director | 2016-01-04 | 2023-11-30 |
| RICE-JONES, Margaret Frances | Director | 2015-08-01 | 2020-06-30 |
| RICHARDS, Martin Edgar | Director | 1997-02-19 | 1997-09-01 |
| ROSENFELD, Arie | Director | 1997-09-17 | 2007-07-01 |
| SCOTT, John Philip Henry Schomberg | Director | 2001-04-10 | 2010-05-19 |
| SHEPHERD, Mark Richard | Director | 1997-09-17 | 2000-04-20 |
| TAYLOR, Andrew William | Director | 2008-03-31 | 2011-03-31 |
| TEMPLE, Stephen | Director | 1997-09-17 | 2007-09-28 |
| TICHIAS, Ian Alan | Director | 2020-03-01 | 2024-11-20 |
| WIGGANS, Edward Charles | Director | 2011-01-10 | 2018-03-31 |
| WILLIAMS, Robin George Walton | Director | 2010-03-05 | 2020-03-31 |
| WYLIE, Graham Thomas | Director | 1997-09-01 | 2000-10-17 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 778 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-07-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-06-08 | AA | accounts | Accounts with accounts type group | |
| 2026-06-08 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-01 | SH01 | capital | Capital allotment shares | |
| 2026-05-18 | SH01 | capital | Capital allotment shares | |
| 2026-02-27 | SH01 | capital | Capital allotment shares | |
| 2026-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-02-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-10 | SH01 | capital | Capital allotment shares | |
| 2025-10-27 | SH01 | capital | Capital allotment shares | |
| 2025-10-14 | SH01 | capital | Capital allotment shares | |
| 2025-10-13 | SH01 | capital | Capital allotment shares | |
| 2025-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-08 | SH01 | capital | Capital allotment shares | |
| 2025-07-30 | SH01 | capital | Capital allotment shares | |
| 2025-07-01 | SH01 | capital | Capital allotment shares | |
| 2025-06-26 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 19
- Capital events
- 10
- Officers appointed
- 2
- Officers resigned
- 3
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.