SRC UK LIMITED
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Cash
£207k
-83.1% vs 2024
Net assets
£2.3m
+6.1% vs 2024
Employees
98
+27.3% vs 2024
Profit before tax
£115k
-71.9% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £10,222,910 | £11,945,405 | +16.8% | |
| Operating profit | £409,934 | £99,549 | -75.7% | |
| Profit before tax | £411,396 | £115,407 | -71.9% | |
| Net profit | £292,993 | £130,965 | -55.3% | |
| Cash | £1,224,376 | £207,267 | -83.1% | |
| Total assets less current liabilities | £2,338,479 | £2,467,392 | +5.5% | |
| Net assets | £2,163,937 | £2,294,902 | +6.1% | |
| Equity | £2,163,937 | £2,294,902 | +6.1% | |
| Average employees | 77 | 98 | +27.3% | |
| Wages | £3,406,230 | £4,166,823 | +22.3% | |
| Directors' remuneration | £509,498 | £457,304 | -10.2% |
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 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|
| Operating margin | 4.0% | 0.8% | |
| Net margin | 2.9% | 1.1% | |
| Return on capital employed | 17.5% | 4.0% | |
| Current ratio | 1.61x | 1.65x |
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.
Name history
Renamed 1 time since incorporation
- SRC UK LIMITED 2019-04-01 → present
- SRC GBR LIMITED 2019-03-01 → 2019-04-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “Internal R&D work advanced to the development phase in preparation for formal release into the market in FY25, capitalised as intangible assets.”
- “The UK Government completed its Strategic Defence Review (SDR) in June 2025, which initially slowed and restricted Defence spending in FY25.”
- “SRC UK is the preferred bidder for Project SERPENS to provide Radars and associated training and maintenance for UK Defence, a £60M+ contract over 6 years to be awarded in Summer (June/July) 2026.”
- “A large new facility to assemble, maintain and store Radars, with associated workshops, will be in place in Q3/Q4 of FY26, alongside recruitment of new personnel for the SERPENS contract.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ZINO, James Edward | Secretary | 2022-11-16 | — | — |
| DAVIES, Stephen Rodney | Director | 2019-06-20 | Jul 1963 | British |
| UNGER, Kevin M. | Director | 2020-08-11 | Jun 1973 | American |
| WILLIAMS, Frank Simon | Director | 2023-04-01 | Mar 1971 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SNYDER, Mary | Secretary | 2019-03-01 | 2022-11-16 |
| DUNING, Stephen L. | Director | 2019-03-01 | 2019-11-07 |
| EVANS, Ian Mark | Director | 2019-11-07 | 2023-04-01 |
| HILD, Thomas S. | Director | 2019-03-01 | 2023-07-14 |
| HOLDEN, Pamela J. | Director | 2019-03-01 | 2019-11-07 |
| LAUKO, Joseph T. | Director | 2019-03-01 | 2020-08-11 |
| UNGER, Kevin M. | Director | 2019-03-01 | 2019-11-07 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 44 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-07 | AA | accounts | Accounts with accounts type full | |
| 2026-05-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-26 | AA | accounts | Accounts with accounts type small | |
| 2025-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-17 | CH01 | officers | Change person director company with change date | |
| 2024-07-01 | AA | accounts | Accounts with accounts type small | |
| 2024-03-20 | CH01 | officers | Change person director company with change date | |
| 2024-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-19 | CH01 | officers | Change person director company with change date | |
| 2023-07-24 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-14 | AA | accounts | Accounts with accounts type small | |
| 2023-04-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-11-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-07-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-06-24 | AA | accounts | Accounts with accounts type small | |
| 2022-03-18 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.