SECURE SYSTEMS & TECHNOLOGIES LIMITED
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Cash
£667K
-35.4% vs 2023
Net assets
£3.2M
+16.7% vs 2023
Employees
43
0% vs 2023
Profit before tax
£685K
+197.4% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £7,381,071 | £8,391,214 | +13.7% | |
| Operating profit | £230,375 | £685,012 | +197.3% | |
| Profit before tax | £230,363 | £685,012 | +197.4% | |
| Net profit | £168,695 | £455,969 | +170.3% | |
| Cash | £1,032,335 | £666,997 | -35.4% | |
| Total assets less current liabilities | £2,768,938 | £3,380,228 | +22.1% | |
| Net assets | £2,735,668 | £3,191,637 | +16.7% | |
| Equity | £2,735,668 | £3,191,637 | +16.7% | |
| Average employees | 43 | 43 | 0% | |
| Wages | £1,617,842 | £1,613,488 | -0.3% | |
| Directors' remuneration | £152,000 | £178,000 | +17.1% |
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 |
|---|---|---|---|
| Operating margin | 3.1% | 8.2% | |
| Net margin | 2.3% | 5.4% | |
| Return on capital employed | 8.3% | 20.3% | |
| Current ratio | 1.13x | 1.27x |
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
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In determining that the Company's financial statements should be prepared on a going concern basis, the Directors considered all the factors likely to affect the future development, performance and financial position including funding and the risks and uncertainties applicable to its business and manufacturing activities and assessed the company's forecasts and projections, taking account of reasonably possible changes in trading performance. The Company continues to see government contracts being updated and renewed in line with national defence programmes. The directors considered the Ukraine /Russia conflict and concluded they had a minimal adverse impact on the Company. The company has received confirmation from API Holdings II LLC, the company's intermediate parent company, that financial support will be provided for a period of twelve months from the date of approval of these financial statements such as to enable the company to meet its obligations as they fall due. Having regard to the company's financial position, its forecast and after making enquiries about the parent company's financial position, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the report and financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SAWYER, Mark David | Director | 2020-04-10 | Nov 1967 | British |
| SNOWDON, Neil | Director | 2022-11-28 | Jan 1963 | British |
| SORELLE, Richard Dennis | Director | 2021-11-29 | Aug 1959 | American |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARMINE, Giuseppe Luigi | Secretary | 2012-03-21 | 2012-11-08 |
| FOSKETT, Frank James | Secretary | 2002-09-12 | 2002-11-04 |
| HOLMES, Andrew David | Secretary | 2002-11-04 | 2007-09-14 |
| MINETT SMITH, Nicholas | Secretary | 2008-03-31 | 2008-10-07 |
| PETTIFER, John | Secretary | 2007-09-14 | 2008-03-31 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2002-09-12 | 2002-09-12 |
| ANDERSON, William Lee | Director | 2007-12-10 | 2010-05-17 |
| BATIE, Kevin Harold | Director | 2003-04-02 | 2006-11-16 |
| CARMINE, Giuseppe Luigi | Director | 2009-05-01 | 2012-11-08 |
| FARRINGTON, Richard John | Director | 2014-02-14 | 2020-07-31 |
| FEAR, Paul Daniel | Director | 2002-09-12 | 2003-08-07 |
| FLOATE, Anthony Wilfred | Director | 2003-04-02 | 2004-03-16 |
| FOSKETT, Frank James | Director | 2002-09-12 | 2008-03-31 |
| GREENBAUM, Sholem | Director | 2007-12-10 | 2009-01-27 |
| HAHN, Terrence | Director | 2019-09-23 | 2021-11-29 |
| HOLMES, Andrew David | Director | 2003-11-18 | 2007-09-14 |
| LAZAR, Bel William | Director | 2012-03-21 | 2015-03-02 |
| MINETT SMITH, Nicholas | Director | 2008-03-31 | 2008-10-07 |
| MINETT-SMITH, Nicholas | Director | 2002-09-12 | 2005-02-07 |
| MUNDY, Richard | Director | 2009-01-27 | 2014-02-14 |
| PETTIFER, John | Director | 2002-09-12 | 2008-03-31 |
| PUDLES, Stephen | Director | 2010-05-17 | 2011-06-06 |
| RICHARDS, Matthew Thomas | Director | 2008-12-09 | 2016-04-01 |
| SKIGGS, Ian Michael | Director | 2020-06-15 | 2022-10-28 |
| SULLIVAN, Christopher Robert | Director | 2003-04-02 | 2007-12-10 |
| TAVARES, Robert Edward | Director | 2015-03-03 | 2019-09-23 |
| WALKER, John Churton | Director | 2002-09-12 | 2004-10-08 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2002-09-12 | 2002-09-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Api Technologies (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-10-23 | Active |
| Cryptec Holdco Uk Ltd | Corporate entity | Shares 75–100% | 2016-07-01 | Ceased 2018-07-31 |
Filing timeline
Last 20 of 134 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-23 MA Memorandum articles
- 2024-01-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-08 | AA | accounts | Accounts with accounts type full | |
| 2025-09-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-28 | AA | accounts | Accounts with accounts type full | |
| 2024-10-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-23 | MA | incorporation | Memorandum articles | |
| 2024-01-14 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-10 | AA | accounts | Accounts with accounts type full | |
| 2023-12-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-04 | AA | accounts | Accounts with accounts type full | |
| 2022-03-03 | AA | accounts | Accounts with accounts type full | |
| 2022-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-09 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-01-13 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.