HALSPAN LIMITED
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Cash
£3.8M
+32.2% highest in 3 filed years
Net assets
£5.7M
+5.9% highest in 3 filed years
Employees
30
-3.2% vs 2024
Profit before tax
£1.7M
+51.4% vs 2024
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-01-31
| Metric | Trend | 2021-01-31 | 2024-01-31 | 2025-01-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £19,941,450 | £20,254,764 | +1.6% | |
| Operating profit | — | £1,041,808 | £1,646,713 | +58.1% | |
| Profit before tax | — | £1,130,992 | £1,712,503 | +51.4% | |
| Net profit | £586,606 | £1,051,011 | £1,414,838 | +34.6% | |
| Cash | £2,736,118 | £2,845,661 | £3,763,108 | +32.2% | |
| Total assets less current liabilities | — | £5,366,606 | £5,660,957 | +5.5% | |
| Net assets | £5,222,416 | £5,341,797 | £5,655,882 | +5.9% | |
| Equity | — | £5,341,797 | £5,655,882 | +5.9% | |
| Average employees | 23 | 31 | 30 | -3.2% | |
| Wages | £896,120 | £1,980,087 | £2,192,458 | +10.7% | |
| Directors' remuneration | — | £648,220 | £635,461 | -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 | 2021-01-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|
| Operating margin | — | 5.2% | 8.1% | |
| Net margin | — | 5.3% | 7.0% | |
| Return on capital employed | — | 19.4% | 29.1% | |
| Gearing (liabilities / total assets) | — | 24.9% | 27.5% | |
| Current ratio | — | 4.06x | 3.63x |
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
- Henderson Loggie LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Forecasts have been prepared extending beyond twelve months from the date of approval of the financial statements. These forecasts indicate that the group is in a strong position, maintaining positive cash flow throughout the period.”
Group structure
- HALSPAN LIMITED · parent
- Halspan Technical Services DMCC 100%
Significant events
- “Sales improved marginally over the previous year with the introduction of new products providing an uplift, against a stable backdrop. Procurement efficiencies provided the background to the growth in margin, offset in part by an increase in overheads. Subsequently and during the year, a strategic review of all overheads has taken place. The proposals have been implemented, with the "switching" costs reflected in the year and the benefits flowing through thereafter.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARTIN, Ruth | Secretary | 1999-03-19 | — | British |
| ABAJIAN, Garabet Aram | Director | 2013-07-23 | Nov 1958 | British |
| EASTON, Ronald Story | Director | 2024-07-02 | Feb 1960 | British |
| MARTIN, John Thomas Meldrum | Director | 1999-03-19 | Jan 1949 | British |
| RUNAGALL, Glen Robert | Director | 2021-06-01 | Jul 1966 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 1999-03-19 | 1999-03-19 |
| CARTER, Peter John | Director | 2005-07-01 | 2011-05-26 |
| MARTINDALE, Alistair David | Director | 2013-07-29 | 2020-10-31 |
| WALLACE, Andrew William Mair | Director | 2018-08-01 | 2024-11-05 |
| WILLIAMS, Rhodri Wiliam Meurig | Director | 2001-02-01 | 2025-11-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter Graham Shand | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2023-09-28 | Active |
| Mrs Ruth Martin | Individual | Shares 25–50%, Voting 25–50% | 2023-09-27 | Ceased 2023-09-28 |
| Muirhouses Capital Limited | Corporate entity | Shares 25–50% | 2019-01-29 | Active |
| Mr John Thomas Meldrum Martin | Individual | Shares 25–50% (as trust), Voting 25–50%, Voting 25–50% (as trust) | 2016-04-06 | Active |
Filing timeline
Last 20 of 103 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-31 | AA | accounts | Accounts with accounts type group | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-12 | AA | accounts | Accounts with accounts type group | |
| 2024-07-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-10-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-03 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-03 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-07-03 | AA | accounts | Accounts with accounts type group | |
| 2023-04-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-28 | CH01 | officers | Change person director company with change date | |
| 2022-09-16 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- 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.