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Cash

£7k

Latest balance sheet

Net assets

£12m

Equity attributable

Employees

130

highest in 6 filed years

Profit before tax

£9.7m

Period ending 2025-12-31

Accounts

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

Metric Trend 2021-03-312022-03-312023-03-312024-03-312024-12-312025-12-31 Δ vs prior
Turnover £24,888,441£30,959,000£40,089,000
Operating profit £6,769,619£8,599,000£9,715,000
Profit before tax £6,766,656£8,590,000£9,705,000
Net profit £6,570,123£7,973,000£7,300,000
Cash £357,158£2,031,090£3,548,307£12,564,677£5,000£7,000
Total assets less current liabilities £14,237,006£21,923,000£11,818,000
Net assets £850,734£2,370,376£7,388,055£13,958,178£21,923,000£11,818,000
Equity £13,958,178£21,923,000£11,818,000
Average employees 1929627595130
Wages £3,901,423£4,696,000£7,307,000
Directors' remuneration £141,383£204,055£189,364£227,866£222,000£320,000

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 9 months prior. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2021-03-312022-03-312023-03-312024-03-312024-12-312025-12-31
Operating margin 27.2%27.8%24.2%
Net margin 26.4%25.8%18.2%
Return on capital employed 47.5%39.2%82.2%
Gearing (liabilities / total assets) 38.8%20.5%47.0%
Current ratio 2.58x4.87x1.94x

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 101
Reporting scope
Standalone (parent only)
Auditor
Brian Paul Limited
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“After making due enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue operational existence for at least 12 months from the date of approval of the financial statements. The Company has net assets of £11,818k, and made a profit for the year of £7,300k. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

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

People

7 active · 6 resigned

Name Role Appointed Born Nationality
BAE SYSTEMS CORPORATE SECRETARY LIMITED Corporate Secretary 2025-12-12
APPLETON, Neil Director 2024-01-31 Aug 1981 British
BADIA, Oriol Director 2018-07-18 Jan 1990 Spanish
BARRATT, Matthew John Director 2024-01-31 Apr 1985 British
HOLMES, David Samuel John Director 2024-01-31 Nov 1967 British
WARBURTON, Jon Director 2024-01-31 Apr 1966 British
WELLS-COLE, Matthew Director 2023-09-01 Mar 1995 British
Show 6 resigned officers
Name Role Appointed Resigned
HOLDING, Ann-Louise Secretary 2024-03-13 2024-12-18
PRIOR, Katherine Alexandra Secretary 2024-12-18 2025-12-12
GRAY, Derek Richard Director 2012-03-16 2013-10-03
MALLOY, Christopher John Director 2013-11-12 2024-01-31
STAPLETON, Grant Maurice Director 2012-03-16 2018-05-31
WAKLEY, Jack Edward Director 2020-10-01 2024-12-18

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Bae Systems (Holdings) Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2024-01-31 Active
Mr Christopher John Malloy Individual Shares 50–75% 2016-04-06 Ceased 2024-01-31

Filing timeline

Last 20 of 85 total filings

Date Type Category Description
2026-06-04 AA accounts Accounts with accounts type full
2025-12-17 TM02 officers Termination secretary company with name termination date PDF
2025-12-17 AP04 officers Appoint corporate secretary company with name date PDF
2025-08-14 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-06-23 AA accounts Accounts with accounts type full
2025-03-11 CH01 officers Change person director company with change date PDF
2025-03-11 CH01 officers Change person director company with change date PDF
2025-03-11 CH01 officers Change person director company with change date PDF
2025-03-11 CH01 officers Change person director company with change date PDF
2025-03-11 CH01 officers Change person director company with change date PDF
2025-03-11 CH01 officers Change person director company with change date PDF
2025-01-08 TM01 officers Termination director company with name termination date PDF
2025-01-06 AA01 accounts Change account reference date company previous shortened PDF
2025-01-06 AP03 officers Appoint person secretary company with name date PDF
2024-12-18 TM02 officers Termination secretary company with name termination date PDF
2024-09-24 AA accounts Accounts with accounts type full
2024-08-14 CS01 confirmation-statement Confirmation statement with updates PDF
2024-03-28 CH01 officers Change person director company with change date PDF
2024-03-27 CS01 confirmation-statement Confirmation statement with updates PDF
2024-03-21 AP03 officers Appoint person secretary company with name date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
0

last 24 months

Officers appointed
1

last 12 months

Officers resigned
1

last 12 months

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

Official Companies House page