CORETEQ SYSTEMS LIMITED
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Cash
£50k
+943.9% vs 2024
Net assets
£9.8m
-3.7% vs 2024
Employees
3
0% vs 2024
Profit before tax
-£759k
-106.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
Consequently, the financial statements have not been prepared on a going concern basis.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Industrials 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 | — | — | — | — | |
| Operating profit | £304,982 | £707,155 | -£759,265 | -207.4% | |
| Profit before tax | £224,788 | £11,493,260 | -£759,265 | -106.6% | |
| Net profit | £201,402 | £9,543,761 | -£373,482 | -103.9% | |
| Cash | £251,877 | £4,812 | £50,234 | +943.9% | |
| Total assets less current liabilities | £667,365 | £10,193,626 | £9,820,144 | -3.7% | |
| Net assets | £649,866 | £10,193,626 | £9,820,144 | -3.7% | |
| Equity | £649,866 | £10,193,626 | £9,820,144 | -3.7% | |
| Average employees | 11 | 3 | 3 | 0% | |
| Wages | £1,197,850 | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 |
|---|---|---|---|---|
| Return on capital employed | 45.7% | 6.9% | -7.7% | |
| Gearing (liabilities / total assets) | 89.4% | 15.0% | 37.0% | |
| Current ratio | 0.89x | 6.65x | 2.70x | |
| Interest cover | 3.80x | 27.93x | — |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- James Cowper Kreston Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“Consequently, the financial statements have not been prepared on a going concern basis.”
Group structure
- CORETEQ SYSTEMS LIMITED · parent
- Coreteq Limited 100%
Significant events
- “All trade and assets were sold to other companies within the Halliburton Company group as part of the finalization of a group reorganization on 31 March 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CRAIB, Steven Ross | Director | 2024-10-25 | Jul 1988 | British |
| JOHNSON, Rachel Lynn | Director | 2025-11-12 | Jun 1986 | American |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIRNIE, Christopher Albert | Director | 2022-02-15 | 2024-10-25 |
| BREMNER, Chad Allan | Director | 2017-08-29 | 2018-12-31 |
| DIXON, Eoghan Peter | Director | 2023-06-01 | 2025-03-31 |
| ELLEVSET, Jan | Director | 2019-07-01 | 2021-08-02 |
| ELLEVSET, Jan | Director | 2014-10-01 | 2017-08-29 |
| HEAD, Philip Frederick | Director | 2014-05-27 | 2016-08-10 |
| HORSFALL, Timothy Michael | Director | 2023-04-26 | 2025-11-12 |
| JOHANNESSEN, John Egil | Director | 2017-08-29 | 2019-07-01 |
| KAPUSCINSKI, Richard Anthony | Director | 2014-05-27 | 2015-09-15 |
| LE MAITRE, Shawn, Mr. | Director | 2016-09-01 | 2021-08-02 |
| MANSIR, Hassan, Dr | Director | 2014-05-27 | 2021-08-02 |
| MEKKAWY, Wael | Director | 2021-08-02 | 2022-02-15 |
| NOWE, Steven Charles | Director | 2022-02-15 | 2023-04-26 |
| ORMEROD, Laurence | Director | 2015-09-15 | 2021-08-02 |
| THOMSON, Barry | Director | 2021-08-02 | 2023-06-01 |
| THOMSON, Gavin | Director | 2025-04-01 | 2025-04-02 |
| WHITE, Martin Robert | Director | 2021-08-02 | 2022-02-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Halliburton Global Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-08-02 | Active |
| Dr Hassan Mansir | Individual | Shares 25–50% | 2016-09-29 | Ceased 2018-11-27 |
| Mr Richard Anthony Kapuscinski | Individual | Shares 25–50% | 2016-09-29 | Ceased 2018-11-27 |
| Equinor Ventures As | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2021-08-02 |
Filing timeline
Last 20 of 96 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type full | |
| 2026-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-01 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2025-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-11 | AA | accounts | Accounts with accounts type full | |
| 2024-05-24 | CS01 | confirmation-statement | Confirmation statement | |
| 2023-07-19 | AA | accounts | Accounts with accounts type full | |
| 2023-06-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-15 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.