SEAFOX DYCEM 2 LIMITED
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Cash
£3m
+72.6% highest in 3 filed years
Net assets
£2.8m
+45.2% highest in 3 filed years
Employees
87
-5.4% lowest in 3 filed years
Profit before tax
£4.6m
+117.1% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary 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 | £18,374,409 | £19,814,323 | £22,240,183 | +12.2% | |
| Operating profit | £1,643,422 | £2,520,446 | £5,024,851 | +99.4% | |
| Profit before tax | £1,204,926 | £2,115,603 | £4,592,527 | +117.1% | |
| Net profit | £699,470 | £1,512,616 | £3,611,227 | +138.7% | |
| Cash | £1,153,840 | £1,719,360 | £2,966,890 | +72.6% | |
| Total assets less current liabilities | £4,227,646 | £3,959,690 | £9,515,725 | +140.3% | |
| Net assets | £446,268 | £1,943,615 | £2,821,551 | +45.2% | |
| Equity | £446,268 | £1,943,615 | £2,821,551 | +45.2% | |
| Average employees | 95 | 92 | 87 | -5.4% | |
| Wages | £6,424,620 | £6,538,466 | £6,697,432 | +2.4% | |
| Directors' remuneration | £463,619 | £560,556 | £511,357 | -8.8% |
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 | 8.9% | 12.7% | 22.6% | |
| Net margin | 3.8% | 7.6% | 16.2% | |
| Return on capital employed | 38.9% | 63.7% | 52.8% | |
| Gearing (liabilities / total assets) | 94.0% | 73.8% | — | |
| Current ratio | 1.90x | 1.88x | 3.61x | |
| Interest cover | 3.75x | 6.17x | 8.11x |
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
- Consolidated group
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company and group have adequate resources to continue in operational existence for the foreseeable future. The directors have prepared forecasts for a period of at least 12 months from the date of approval of these statements which indicate that the company and the group is able to operate within its funding facilities. Thus the directors' continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- SEAFOX DYCEM 2 LIMITED · parent
- Dycem Limited 100%
- Dycem Asia Inc 100%
- Dycem Corporation 100%
- Dycem Europe GmbH 100%
- Dycem France SAS 100%
Significant events
- “On 26 April 2026, the group completed a refinancing arrangement resulting in the settlement of existing intercompany loans and the issuance of further intercompany funding. This funding has been given at arm's length.”
- “Also in April 2026, there was the issue of share options in the parent entity, Seafox Dycem 1 Limited.”
- “On 25 May 2026, Dycem Limited has also established operations in Taiwan through the incorporation of a new subsidiary, Dycem Asia (Taiwan)Co., Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JAMES, Curtis John | Secretary | 2024-08-01 | — | — |
| ABRAHAMS, Iain Henry | Director | 2016-01-13 | May 1959 | British |
| BARRY, Joseph Richard Hainsworth | Director | 2024-01-18 | Apr 1964 | British |
| JAMES, Curtis John | Director | 2024-08-01 | Jun 1993 | British |
| SCHMIDT-CHIARI, Stanislaus Eduard | Director | 2015-12-15 | Apr 1984 | Austrian |
| WILD, Lyndon John | Director | 2025-04-01 | Dec 1965 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BELL, Michael Hugh | Secretary | 2016-01-13 | 2020-07-31 |
| BRIAND, Monica Jane | Secretary | 2020-07-31 | 2024-07-31 |
| BELL, Michael Hugh | Director | 2016-01-13 | 2020-07-31 |
| BRIAND, Monica Jane | Director | 2020-04-30 | 2024-07-31 |
| CANTLEY, Stewart George | Director | 2016-01-13 | 2025-03-31 |
| CROFTS, Nick David | Director | 2023-05-01 | 2024-01-18 |
| NICHOLSON, George Elliott | Director | 2016-01-13 | 2025-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Seafox Dycem 1 Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 52 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | AA | accounts | Accounts with accounts type group | |
| 2026-05-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-20 | CH01 | officers | Change person director company with change date | |
| 2025-12-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-21 | CH01 | officers | Change person director company with change date | |
| 2025-08-20 | CH01 | officers | Change person director company with change date | |
| 2025-06-09 | AA | accounts | Accounts with accounts type group | |
| 2025-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-03-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-08-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-08-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-13 | AA | accounts | Accounts with accounts type group | |
| 2024-01-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-31 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.