SMS METER ASSETS LIMITED
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Cash
£21M
+154.6% vs 2023
Net assets
£16M
-42.7% vs 2023
Employees
0
Average over period
Profit before tax
-£4.7M
-119.7% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £123,524,314 | £141,594,001 | +14.6% | |
| Operating profit | £34,805,303 | £17,320,238 | -50.2% | |
| Profit before tax | £23,844,800 | -£4,691,931 | -119.7% | |
| Net profit | £16,997,872 | -£11,707,885 | -168.9% | |
| Cash | £8,077,809 | £20,567,264 | +154.6% | |
| Total assets less current liabilities | £241,698,732 | £303,546,271 | +25.6% | |
| Net assets | £27,976,097 | £16,020,609 | -42.7% | |
| Equity | £27,976,097 | £16,020,609 | -42.7% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
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 |
|---|---|---|---|
| Operating margin | 28.2% | 12.2% | |
| Net margin | 13.8% | -8.3% | |
| Return on capital employed | 14.4% | 5.7% | |
| Gearing (liabilities / total assets) | 96.1% | 97.9% | |
| Current ratio | 0.11x | 0.14x | |
| Interest cover | 2.95x | 0.76x |
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 3 times since incorporation
- SMS METER ASSETS LIMITED 2015-06-29 → present
- UK METER ASSETS LIMITED 2010-06-07 → 2015-06-29
- THE UK METER EXCHANGE LTD 2007-05-23 → 2010-06-07
- THE METERING EXCHANGE LIMITED 2007-04-11 → 2007-05-23
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider it appropriate to continue to prepare the financial statements on a going concern basis and are of the view that there are no material uncertainties regarding the Group's going concern status.”
Group structure
- SMS METER ASSETS LIMITED · parent
- UKMA (AF) Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JORDAN, Neil | Secretary | 2024-12-17 | — | — |
| SMYTH, Ian Thomas | Director | 2026-01-28 | Nov 1970 | British |
| WEST, Sean Allan | Director | 2025-08-31 | Apr 1977 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FOY, Alan Henry | Secretary | 2007-04-11 | 2017-03-17 |
| MCGINN, Craig Alan | Secretary | 2016-11-15 | 2024-12-17 |
| INCORPORATE SECRETARIAT LIMITED | Corporate Nominee Secretary | 2007-04-11 | 2007-04-11 |
| BLAIN, Gail Elizabeth | Director | 2022-12-01 | 2025-08-31 |
| FOY, Alan Henry | Director | 2007-04-11 | 2022-02-28 |
| HARRIS, David William | Director | 2017-03-21 | 2017-07-31 |
| MORTLOCK, Timothy James | Director | 2019-10-11 | 2026-01-29 |
| MURRAY, Glen | Director | 2012-04-24 | 2017-03-21 |
| THOMPSON, David | Director | 2017-09-15 | 2021-03-31 |
| TIMONEY, Stephen Paul | Director | 2007-04-11 | 2013-05-28 |
| TURNER, William Thomas Duncan | Director | 2008-06-03 | 2024-03-14 |
| URWIN, Gavin | Director | 2021-03-31 | 2022-12-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Smart Metering Systems Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 119 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-01 | AD04 | address | Move registers to registered office company with new address | |
| 2026-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-09-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-12-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2024-08-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-14 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- 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.