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Cash

£19M

USD 25,306,000

-14.1% lowest in 3 filed years

Net assets

£53M

USD 70,501,000

+36.6% vs 2024

Employees

212

-4.9% lowest in 3 filed years

Profit before tax

£2.4M

USD 3,152,000

+83.1% vs 2024

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £85,603,384£64,903,429£67,545,291 +4.1%
Operating profit £9,305,285£225,333£1,730,049 +667.8%
Profit before tax £9,663,872£1,288,367£2,359,635 +83.1%
Net profit £8,157,658£232,819£1,441,084 +519%
Cash £21,265,159£22,060,937£18,944,453 -14.1%
Total assets less current liabilities £63,022,908£38,111,993
Net assets £61,645,456£38,649,498£52,778,110 +36.6%
Equity £61,645,456£38,649,498£52,778,110 +36.6%
Average employees 238223212 -4.9%
Wages £13,636,023£13,052,104£12,663,572 -3%
Directors' remuneration £799,521£1,131,906£1,551,879 +37.1%

Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. 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 2023-12-312024-12-312025-12-31
Operating margin 10.9%0.3%2.6%
Net margin 9.5%0.4%2.1%
Return on capital employed 14.8%0.6%
Gearing (liabilities / total assets) 19.9%39.6%20.8%
Current ratio 4.21x5.13x4.23x
Interest cover 10.75x14.01x

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

  1. NEXTEQ PLC 2023-05-18 → present
  2. QUIXANT PLC 2013-04-29 → 2023-05-18
  3. QUIXANT LIMITED 2005-03-30 → 2013-04-29
  4. VECCHIAMICI LIMITED 2001-11-05 → 2005-03-30

Audit & accounting basis

Reporting scope
Consolidated group
Auditor
BDO LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“In assessing the appropriateness of adopting the going concern basis in the preparation of these financial statements, the Directors have prepared cash flow forecasts and projections for a period of at least 12 months from date of signing the financial statements. Following careful consideration of the base case forecast scenario and application of severe but plausible downside scenarios to these forecasts, the Directors have a reasonable expectation that the Group has adequate resources to continue to operate within the level of its current facilities for a period of at least 12 months from the date of this report. Therefore, the Directors continue to adopt the going concern basis of accounting in preparing the Group and Company financial statements.”

Group structure

  1. NEXTEQ PLC · parent
    1. Quixant USA, Inc 100% · USA · Sales of specialist computer systems
    2. Nexteq UK Limited 100% · UK · Sales of specialist computer systems and electronic display products
    3. Quixant Gaming Limited 100% · Liquidation
    4. Densitron Limited 100% · Dormant
    5. Quixant Italia Srl 99% · Italy · Software development
    6. Densitron Corporation of Japan 100% · Japan · Sales of electronic display products
    7. Densitron Corporation of America 100% · USA · Sales of electronic display products
    8. Densitron France SAS 100% · France · Sales of electronic display products
    9. Nexteq Deutschland GmbH 100% · Germany · Sales of specialist computer systems and electronic display products
    10. Densitron Embedded d.o.o. 100% · In liquidation

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

8 active · 17 resigned

Name Role Appointed Born Nationality
HARBER, Ben Secretary 2024-06-27
FAITHFULL, Duncan Thomas Edward Director 2024-08-28 Feb 1971 British
JARMANY, Nicholas Charles Leopold Director 2005-03-16 Oct 1961 British
MULLINS, Gary Paul Director 2006-01-11 Jan 1971 British
PENNY, Duncan John Director 2022-09-12 Feb 1963 British
STAIGHT, Matthew Director 2024-12-19 Apr 1983 British
THOMPSON, Carol Director 2022-09-12 May 1962 British
WILKINSON, Deborah Janet Director 2025-10-30 Dec 1974 British
Show 17 resigned officers
Name Role Appointed Resigned
MILNE, Alan Robert Secretary 2013-02-11 2016-11-15
PARK, Louise Emily Secretary 2016-11-15 2021-07-15
WALLACE, Susan Margaret Secretary 2021-07-15 2024-06-27
ARM SECRETARIES LIMITED Corporate Nominee Secretary 2001-11-05 2013-02-11
HANSRA, Gurdeep Singh Director 2005-02-11 2007-06-30
HUDSON, Gaye Anne Yvonne Director 2017-03-22 2020-05-19
JAYAL, Jonathan Francis Director 2016-06-20 2024-08-28
LIN, Chen Tai Director 2007-07-12 2020-05-31
MARZILLI, Francesca Director 2001-11-05 2005-07-06
MILLWARD, Guy Leighton Director 2018-10-01 2020-08-21
MILNE, Alan Robert Nominee Director 2001-11-05 2001-11-05
OLIVIER, Johannes Jacobus Director 2021-08-31 2024-10-31
PAYNE, Nigel Terrence Director 2020-07-01 2020-08-31
PEAGRAM, Michael John Director 2013-02-01 2021-05-06
PREDDY, Alice Cresten Director 2012-07-01 2018-12-31
SMALL, Francis David Director 2021-01-15 2024-08-13
VAN ZWANENBERG, Guy Christopher Director 2013-03-01 2023-04-27

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 227 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2026-06-06 RESOLUTIONS Resolution
  • 2025-09-22 RESOLUTIONS Resolution
  • 2025-05-12 RESOLUTIONS Resolution
Date Type Category Description
2026-06-06 RESOLUTIONS resolution Resolution
2026-06-05 AA accounts Accounts with accounts type group
2026-04-01 SH03 capital Capital return purchase own shares treasury capital date
2026-04-01 SH03 capital Capital return purchase own shares treasury capital date
2026-04-01 SH03 capital Capital return purchase own shares treasury capital date
2026-04-01 SH03 capital Capital return purchase own shares treasury capital date
2026-04-01 SH03 capital Capital return purchase own shares treasury capital date
2026-03-21 SH03 capital Capital return purchase own shares treasury capital date
2026-03-19 SH03 capital Capital return purchase own shares treasury capital date
2026-03-05 SH03 capital Capital return purchase own shares treasury capital date
2026-02-18 SH03 capital Capital return purchase own shares treasury capital date
2026-02-18 SH03 capital Capital return purchase own shares treasury capital date
2026-02-10 SH03 capital Capital return purchase own shares treasury capital date
2026-02-03 SH03 capital Capital return purchase own shares treasury capital date
2026-01-20 SH03 capital Capital return purchase own shares treasury capital date
2025-11-28 SH04 capital Capital sale or transfer treasury shares with date currency capital figure
2025-11-10 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-11-03 AP01 officers Appoint person director company with name date PDF
2025-09-22 RESOLUTIONS resolution Resolution
2025-05-12 RESOLUTIONS resolution Resolution

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
19

last 12 months

Capital events
14

last 24 months

Officers appointed
1

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page