ABTEC NETWORK SYSTEMS LTD.
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Cash
£8.7m
+37.1% highest in 6 filed years
Net assets
£14m
+31.1% highest in 6 filed years
Employees
25
+4.2% vs 2025
Profit before tax
£5.2m
+14.8% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-31
| Metric | Trend | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 | 2026-01-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £11,235,116 | £10,934,153 | £13,129,542 | +20.1% | |
| Operating profit | — | — | — | £2,887,853 | £4,302,772 | £4,840,477 | +12.5% | |
| Profit before tax | — | — | — | £3,012,448 | £4,513,586 | £5,180,772 | +14.8% | |
| Net profit | — | — | — | £2,307,498 | £3,345,589 | £3,817,340 | +14.1% | |
| Cash | £3,200,997 | £2,906,588 | £2,155,230 | £1,824,550 | £6,330,349 | £8,676,813 | +37.1% | |
| Total assets less current liabilities | £4,611,059 | £5,544,342 | £6,080,667 | £7,951,283 | £10,761,564 | £14,099,020 | +31% | |
| Net assets | £4,591,789 | £5,523,506 | £6,065,050 | £7,931,789 | £10,747,389 | £14,091,299 | +31.1% | |
| Equity | £4,591,789 | £5,523,506 | £6,065,050 | £7,931,789 | £10,747,389 | £14,091,299 | +31.1% | |
| Average employees | 30 | 29 | 26 | 27 | 24 | 25 | +4.2% | |
| Wages | — | — | — | £1,042,034 | £1,020,998 | £1,082,846 | +6.1% | |
| Directors' remuneration | — | — | — | £24,282 | £25,140 | £25,140 | 0% |
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 | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 | 2026-01-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 25.7% | 39.4% | 36.9% | |
| Net margin | — | — | — | 20.5% | 30.6% | 29.1% | |
| Return on capital employed | — | — | — | 36.3% | 40.0% | 34.3% | |
| Gearing (liabilities / total assets) | — | — | — | — | 10.4% | 9.7% | |
| Current ratio | — | — | — | 5.49x | 9.61x | 10.26x |
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 3 times since incorporation
- ABTEC NETWORK SYSTEMS LTD. 2003-09-26 → present
- BEYNON HOLDINGS LIMITED 1998-12-01 → 2003-09-26
- ABTEC BUSINESS SERVICES LIMITED 1998-02-24 → 1998-12-01
- ABTEC NETWORK SYSTEMS LIMITED 1997-09-03 → 1998-02-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- The Rowleys Partnership Ltd
- 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
- “On 31 March 2026, subsequent to the year end, the entire issued share capital of Abtec Network Systems Ltd was acquired by Abtec Nexus Bidco Limited. The transaction resulted in a change of control of the Company. Prior to the acquisition, the Company was a wholly owned subsidiary of Abtec Group Holdings Ltd.”
- “The consideration for the transaction comprised a combination of cash and deferred and contingent consideration. The detailed terms of the transaction include certain adjustments and arrangements customary for transactions of this nature.”
- “The Company continues to operate as a going concern under the ownership of the new parent entity following completion of the transaction. This event is considered to be a non-adjusting post balance sheet event as it does not provide evidence of conditions that existed at the balance sheet date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MORRISON, Lisa Patricia | Secretary | 1997-09-03 | — | British |
| BEYNON, Andrew | Director | 1997-09-03 | Sep 1966 | British |
| KENNERDELL, Phillip David | Director | 2012-02-20 | Apr 1976 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BREWER, Suzanne | Nominee Secretary | 1997-09-03 | 1997-09-03 |
| BREWER, Kevin, Dr | Nominee Director | 1997-09-03 | 1997-09-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Abtec Nexus Bidco Limited | Corporate entity | Voting 75–100%, Appoints directors | 2026-03-31 | Active |
| Abtec Group Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-29 | Ceased 2026-03-31 |
| Mr Andrew Beynon | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-10-29 |
Filing timeline
Last 20 of 84 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-17 | AA | accounts | Accounts with accounts type full | |
| 2026-05-12 | AA01 | accounts | Change account reference date company current extended | |
| 2026-04-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-29 | AA | accounts | Accounts with accounts type full | |
| 2025-01-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-24 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-11 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-15 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-02-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-08-10 | SH01 | capital | Capital allotment shares | |
| 2020-08-05 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.