EPAM SYSTEMS LTD
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Cash
£33m
+12.2% vs 2024
Net assets
£45m
-32.8% lowest in 3 filed years
Employees
699
-6% lowest in 3 filed years
Profit before tax
£25m
-2.6% lowest in 3 filed years
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 | £422,164,539 | £394,677,411 | £408,256,281 | +3.4% | |
| Operating profit | £32,956,891 | £23,283,651 | £23,926,665 | +2.8% | |
| Profit before tax | £34,302,084 | £25,870,153 | £25,187,334 | -2.6% | |
| Net profit | £26,953,665 | £19,046,366 | £18,849,323 | -1% | |
| Cash | £64,950,225 | £29,072,377 | £32,610,752 | +12.2% | |
| Total assets less current liabilities | £76,981,628 | £66,451,687 | £44,704,976 | -32.7% | |
| Net assets | £76,824,253 | £66,291,503 | £44,541,941 | -32.8% | |
| Equity | £76,824,253 | £66,291,503 | £44,541,941 | -32.8% | |
| Average employees | 854 | 744 | 699 | -6% | |
| Wages | £92,834,367 | £89,153,265 | £93,101,376 | +4.4% | |
| Directors' remuneration | £321,835 | £381,433 | £357,927 | -6.2% | |
| Directors' pension contributions | £20,825 | £21,413 | £21,376 | -0.2% | |
| Highest paid director | £318,862 | £368,644 | £351,776 | -4.6% |
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 | 7.8% | 5.9% | 5.9% | |
| Net margin | 6.4% | 4.8% | 4.6% | |
| Return on capital employed | 42.8% | 35.0% | 53.5% | |
| Gearing (liabilities / total assets) | 53.3% | 55.5% | 69.2% | |
| Current ratio | 1.67x | 1.63x | 1.30x |
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
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors to the best of their current knowledge and based on the procedures performed consider it appropriate to adopt the going concern basis in preparing the financial statements.”
Group structure
- EPAM SYSTEMS LTD · parent
- Great Fridays Limited 100%
- Epam Spain 100%
- Think Limited 100%
- Ricston Limited 100%
- Epam Systems Int Srl (Romania) bld 100%
- Polsource Ltd 100%
- Epam Systems Chile Sp A 100%
Significant events
- “Following the acquisition of Polsource Ltd in April 2021, EPAM intends to simplify the UK corporate structure by "hiving up" Polsource Ltd into Epam Systems Limited. On 31st July 2025 Epam Systems Limited acquired Polsource Ltd from Polsource Poland as part of this process.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EISENBERG, Eran | Director | 2024-12-13 | Mar 1970 | German |
| EPAM SYSTEMS INC | Corporate Director | 2011-07-27 | — | — |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DUGGAN, Matthew John Henderson | Secretary | 2005-01-06 | 2016-12-13 |
| CORPORATION SERVICE COMPANY (UK) LIMITED | Corporate Secretary | 2016-12-13 | 2025-08-27 |
| CSC CLS (UK) LIMITED | Corporate Secretary | 2025-08-27 | 2026-07-09 |
| MERIDIAN COMPANIES HOUSE LTD. | Corporate Secretary | 2004-03-19 | 2005-01-06 |
| NOMINEE SECRETARY LTD | Corporate Nominee Secretary | 2003-07-14 | 2004-03-19 |
| DOBKIN, Arkadiy | Director | 2007-09-10 | 2021-03-31 |
| DOBKIN, Arkadiy | Director | 2003-07-14 | 2005-01-06 |
| HALL, Jeremy Charles | Director | 2005-03-30 | 2007-03-01 |
| HARMAN, Jason Denis Victor | Director | 2014-10-21 | 2020-12-31 |
| RAHMAN, Solman Syed | Director | 2014-10-21 | 2020-03-31 |
| RAJDEV, Anita | Director | 2021-03-31 | 2024-12-13 |
| ROBB, Karl | Director | 2005-01-06 | 2005-03-30 |
| TWENTYMAN, Paul | Director | 2007-03-01 | 2014-10-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Epam Systems, Inc. | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2019-07-15 |
| Epam Systems, Inc. | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 112 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type full | |
| 2026-08-17 | CH01 | officers | Change person director company with change date | |
| 2026-08-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-07-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-07-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-09-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-18 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-09-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-15 | AA | accounts | Accounts with accounts type full | |
| 2024-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-14 | CH01 | officers | Change person director company with change date | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | AA | accounts | Accounts with accounts type full | |
| 2022-08-03 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- 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.