HYALTECH LTD.
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Cash
£265K
-49% vs 2024
Net assets
-£9M
-9.3% lowest in 5 filed years
Employees
81
-1.2% vs 2024
Profit before tax
-£763K
+85.4% highest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £6,790,187 | £9,449,327 | £10,242,423 | £13,590,528 | £15,411,967 | +13.4% | |
| Operating profit | -£5,457,466 | -£2,293,095 | -£5,695,403 | -£4,247,579 | £161,483 | +103.8% | |
| Profit before tax | -£5,397,319 | -£2,439,956 | -£6,267,488 | -£5,225,083 | -£762,956 | +85.4% | |
| Net profit | — | — | -£6,267,487 | -£5,225,083 | -£762,956 | +85.4% | |
| Cash | £98,975 | £54,222 | £37,925 | £520,673 | £265,354 | -49% | |
| Total assets less current liabilities | £9,466,033 | £10,735,934 | £15,327,210 | £13,898,783 | £12,997,103 | -6.5% | |
| Net assets | £6,873,679 | £3,299,308 | -£2,968,179 | -£8,193,261 | -£8,956,219 | -9.3% | |
| Equity | £6,873,679 | £3,299,308 | -£2,968,179 | -£8,193,261 | -£8,956,219 | -9.3% | |
| Average employees | 67 | 70 | 73 | 82 | 81 | -1.2% | |
| Wages | — | — | £3,177,714 | £3,635,249 | £3,723,806 | +2.4% | |
| Directors' remuneration | — | — | £236,267 | £232,526 | £238,847 | +2.7% |
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 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|
| Operating margin | -80.4% | -24.3% | -55.6% | -31.3% | 1.0% | |
| Net margin | — | — | -61.2% | -38.4% | -5.0% | |
| Return on capital employed | -57.7% | -21.4% | -37.2% | -30.6% | 1.2% | |
| Gearing (liabilities / total assets) | — | — | 116.7% | 150.5% | 158.1% | |
| Current ratio | — | — | 3.16x | 5.11x | 4.52x | |
| Interest cover | -92.74x | -12.96x | -9.95x | -3.86x | 0.16x |
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
- HYALTECH LTD. 2002-08-15 → present
- LOTHIAN FIFTY (841) LIMITED 2001-09-05 → 2002-08-15
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“To support the company as a Going Concern, Carl Zeiss AG has confirmed that it will provide such financial support and other support as necessary to enable the company to meet its liabilities for at least the next 12 months from the date the financial statements have been signed. The director considers it appropriate to adopt the going concern basis.”
Significant events
- “The ophthalmic sector has increased revenues of 26% on prior year and the orthopaedic sector has decreased revenues of 38% on prior year. This was a management decision to focus capacity on opthalmic products in the year.”
- “Operating profit for the year amounted to £161,483 (2024 - operating loss of £4,247,579). The profit in 2025 have been primarily caused by increased prices on a reduced volume whilst also continuing to invest in strengthening the company's supply chain and reducing scrap of work in progress due to batch failures. The revenue increase was due to an increase in transfer prices.”
- “There are two main research and development projects focused on improving the reliability and competitiveness of manufacturing. The first involves qualifying an alternative source of raw materials. The second is exploring new production methods to reduce waste and improve reliability.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLEN, John Wayne | Secretary | 2021-06-21 | — | — |
| KUEPPER, Jannis, Dr | Director | 2026-05-28 | Mar 1984 | German |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLAIR, Colin Campbell | Secretary | 2017-09-14 | 2021-01-04 |
| O'CONNOR, John Stewart | Secretary | 2002-07-16 | 2013-10-31 |
| ORR, William Robert | Secretary | 2014-05-15 | 2017-06-13 |
| BURNESS | Corporate Nominee Secretary | 2001-09-05 | 2002-07-16 |
| BRUNO, Chermette | Director | 2002-08-21 | 2009-07-03 |
| DE CLER, Jan Willem | Director | 2010-04-26 | 2022-09-08 |
| GASC, Guillaume | Director | 2022-12-01 | 2024-11-01 |
| HAISCH, Michael | Director | 2014-05-15 | 2026-05-28 |
| HIRSCH, Bernd | Director | 2006-05-04 | 2008-08-01 |
| JACOBSSON, Wigge Stefan | Director | 2002-06-17 | 2002-07-16 |
| MIESNER, Hans-Joachim, Dr | Director | 2010-09-30 | 2014-09-30 |
| MULLER, Christian, Dr | Director | 2008-08-01 | 2010-04-27 |
| SEITZINGER, Frank | Director | 2024-11-01 | 2025-07-15 |
| TOURRETTE, Philippe | Director | 2002-07-16 | 2006-05-03 |
| WHITE, Barry James | Director | 2002-07-16 | 2010-09-30 |
| BURNESS (DIRECTORS) LIMITED | Corporate Nominee Director | 2001-09-05 | 2002-06-17 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 96 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-04 | AA | accounts | Accounts with accounts type full | |
| 2026-05-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-21 | AA | accounts | Accounts with accounts type full | |
| 2024-11-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-03 | AA | accounts | Accounts with accounts type full | |
| 2023-10-18 | AAMD | accounts | Accounts amended with accounts type full | |
| 2023-09-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-04 | AA | accounts | Accounts with accounts type full | |
| 2021-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-01-04 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.