BLUE BEAR SYSTEMS RESEARCH LTD
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Cash
£1.2M
Latest balance sheet
Net assets
£3.7M
Equity attributable
Employees
81
highest in 6 filed years
Profit before tax
-£1.7M
Period ending 2025-12-31
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £7,294,536 | £8,197,099 | £8,040,149 | — | |
| Operating profit | — | — | — | £802,098 | £986,277 | -£1,698,760 | — | |
| Profit before tax | — | — | — | £805,192 | £1,000,828 | -£1,678,212 | — | |
| Net profit | — | — | — | £617,269 | £556,348 | -£1,448,622 | — | |
| Cash | £593,233 | £1,187,485 | £1,552,909 | £737,962 | £2,293,910 | £1,228,017 | — | |
| Total assets less current liabilities | £2,797,767 | £3,221,529 | £3,999,393 | £4,561,662 | £5,118,010 | £3,869,388 | — | |
| Net assets | — | — | £3,999,393 | £4,561,662 | £5,118,010 | £3,669,388 | — | |
| Equity | £2,797,767 | £3,221,529 | £3,999,393 | £4,561,662 | £5,118,010 | £3,669,388 | — | |
| Average employees | 57 | 63 | 77 | 63 | 78 | 81 | — | |
| Wages | — | — | — | £3,518,467 | £5,128,014 | £4,744,741 | — | |
| Directors' remuneration | — | — | — | £209,960 | £310,926 | £218,683 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 15 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 11.0% | 12.0% | -21.1% | |
| Net margin | — | — | — | 8.5% | 6.8% | -18.0% | |
| Return on capital employed | — | — | — | 17.6% | 19.3% | -43.9% | |
| Current ratio | — | — | — | 2.99x | 10.13x | 4.15x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Auditor
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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
- “World events have created unprecedented demand for defence equipment, and Blue Bear capabilities contribute to both Saab UK and Saab AB's global growth. Blue Bear has implemented a 2026 strategy that aims to expand its customer base and offerings for greater revenue growth. Blue Bear is also implementing organisational changes and processes to ensure efficiency and continue to align the business with Saab UK following the acquisition.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DALY, Fergus Peter, Mr. | Secretary | 2024-07-29 | — | — |
| FRASER, Andrew Neil, Mr. | Director | 2024-09-02 | May 1983 | British |
| GOUDIE, Gavin Samuel | Director | 2014-10-06 | Nov 1976 | British |
| MOORE, Schuyler, Ms. | Director | 2025-11-10 | Aug 1992 | American |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SMITH, Jane | Secretary | 1999-10-27 | 2010-11-25 |
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 1999-10-27 | 1999-10-27 |
| COWLING, Ian David | Director | 2014-10-01 | 2017-04-20 |
| PATEL, Yoginee, Dr | Director | 2009-03-01 | 2025-02-13 |
| SMITH, Jane | Director | 2000-03-21 | 2010-11-25 |
| SMITH, Phillip Raymond | Director | 1999-10-27 | 2013-04-08 |
| WILLIAMS-WYNN, Ian Robert | Director | 2018-03-22 | 2026-04-24 |
| COMPANY DIRECTORS LIMITED | Corporate Nominee Director | 1999-10-27 | 1999-10-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Saab Uk Limited | Corporate entity | Appoints directors, Appoints directors (as firm), Significant influence (as firm) | 2023-08-30 | Active |
| Blue Bear Systems Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-28 | Ceased 2023-08-30 |
| Dr Yoginee Patel | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2016-10-28 |
Filing timeline
Last 20 of 98 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-29 | AA | accounts | Accounts with accounts type full | |
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-02 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-11 | CH01 | officers | Change person director company with change date | |
| 2025-12-11 | AA | accounts | Accounts with accounts type full | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-14 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-01-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-24 | AA | accounts | Accounts with accounts type small | |
| 2024-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-29 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-09 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2022-12-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.