PEARSALLS IP LIMITED
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Cash
£0
USD 0
Latest balance sheet
Net assets
£19m
+26.9% vs 2024
Employees
0
Average over period
Profit before tax
£3.4m
-35.2% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £8,012,118 | £4,734,254 | -40.9% | |
| Operating profit | £5,463,217 | £3,433,189 | -37.2% | |
| Profit before tax | £5,294,135 | £3,433,189 | -35.2% | |
| Net profit | £6,838,738 | £4,050,284 | -40.8% | |
| Cash | £0 | £0 | — | |
| Total assets less current liabilities | £16,317,999 | £19,793,283 | +21.3% | |
| Net assets | £15,056,711 | £19,106,995 | +26.9% | |
| Equity | — | — | — | |
| Average employees | 0 | 0 | — | |
| Wages | £0 | £0 | — | |
| Directors' remuneration | £0 | £0 | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 68.2% | 72.5% | |
| Net margin | 85.4% | 85.6% | |
| Return on capital employed | 33.5% | 17.3% | |
| Gearing (liabilities / total assets) | -15.9% | — | |
| Interest cover | 32.31x | — |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed the ability of the company to continue as a going concern for the 12-month period from the date of approval of these financial statements, covering the period to 30 September 2027. This assessment included a review of the company's financial position, cash flow forecasts, and the potential impact of various risks and uncertainties, including the current economic environment. The company meets its working capital requirements through effective working capital management and, where necessary, support from the wider group. The company has received a letter of support from its parent company, Corza Medical S.à.r.l., confirming the availability of funding to enable the company to continue its operations and meet its liabilities as they fall due through to 30 September 2027.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ABAIR, Jason Christian | Director | 2025-03-31 | Sep 1973 | American |
| BURRIDGE, Rebecca Louise | Director | 2021-02-10 | Jun 1983 | British |
| CHAVES, Derek | Director | 2025-03-31 | Apr 1977 | American |
| LUCIER, Gregory Thomas | Director | 2025-03-31 | May 1964 | American |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| VISTRA COMPANY SECRETARIES LIMITED | Corporate Secretary | 2017-03-07 | 2025-04-09 |
| BARR, John | Director | 2017-03-07 | 2017-08-23 |
| BURMEISTER IV, Henry Augustus | Director | 2023-06-05 | 2024-07-30 |
| DAU, Nathan Minh, Mr. | Director | 2020-11-27 | 2021-02-10 |
| SUTHERBY, Daniel Joseph | Director | 2017-03-07 | 2021-02-10 |
| TESTA, Thomas | Director | 2024-07-30 | 2024-12-31 |
| TESTA, Thomas Benjamin | Director | 2021-02-10 | 2023-06-05 |
| WANG, Lawrence | Director | 2017-03-07 | 2020-11-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pearsalls Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-03-07 | Active |
Filing timeline
Last 20 of 60 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-07 | AA | accounts | Accounts with accounts type full | |
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-02 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-24 | AA | accounts | Accounts with accounts type small | |
| 2025-04-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-02 | AA | accounts | Accounts with accounts type small | |
| 2024-09-26 | RP04TM01 | officers | Second filing of director termination with name | |
| 2024-09-11 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-09 | AA | accounts | Accounts with accounts type small | |
| 2023-06-06 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.