HYSPEC ENGINEERING LIMITED
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Cash
£72K
+77.2% highest in 5 filed years
Net assets
-£151K
+68.6% vs 2023
Employees
66
-20.5% lowest in 5 filed years
Profit before tax
£331K
+4.8% highest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
These events or conditions, along with other matters as set forth in the going concern accounting policy at note 1.2 indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £7,719,506 | — | — | £8,759,851 | £6,974,494 | -20.4% | |
| Operating profit | -£300,824 | — | — | £641,751 | £425,383 | -33.7% | |
| Profit before tax | -£402,492 | -£826,580 | -£1,176,666 | £315,515 | £330,678 | +4.8% | |
| Net profit | -£350,453 | — | -£1,176,666 | £443,088 | £330,678 | -25.4% | |
| Cash | £66,588 | £70,741 | £25,243 | £40,729 | £72,187 | +77.2% | |
| Total assets less current liabilities | £1,868,014 | £1,421,745 | £108,673 | — | — | — | |
| Net assets | £1,078,203 | £251,623 | -£925,043 | -£481,955 | -£151,277 | +68.6% | |
| Equity | £1,078,203 | £251,623 | -£925,043 | -£481,955 | -£151,277 | +68.6% | |
| Average employees | 114 | 96 | 89 | 83 | 66 | -20.5% | |
| Wages | £3,624,812 | £2,984,094 | £3,260,132 | £3,103,727 | £2,667,971 | -14% | |
| Directors' remuneration | — | — | — | £0 | £0 | — |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | -3.9% | — | — | 7.3% | 6.1% | |
| Net margin | -4.5% | — | — | 5.1% | 4.7% | |
| Return on capital employed | -16.1% | — | — | — | — | |
| Current ratio | — | — | — | 0.87x | 0.94x | |
| Interest cover | -2.96x | — | — | 1.97x | 4.49x |
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 2 times since incorporation
- HYSPEC ENGINEERING LIMITED 2010-03-19 → present
- J-FIX PRECISION ENGINEERING LIMITED 2010-02-02 → 2010-03-19
- HMS (815) LIMITED 2010-01-19 → 2010-02-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- William Duncan + Co (Audit) Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“These events or conditions, along with other matters as set forth in the going concern accounting policy at note 1.2 indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”
Significant events
- “The company will return to a five-day workweek from the previous four-day schedule”
- “Expansion into new sectors, particularly Defence, is planned in response to the UK government's projected increase in spending to 5% of GDP”
- “Mr W R Khan resigned as a director on 5 April 2024”
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 |
|---|---|---|---|---|
| ALSHUAILI, Abdulla Khalfan | Director | 2020-05-11 | May 1972 | Omani |
| RITCHIE, Edwin George | Director | 2020-05-11 | Jul 1964 | British |
| WHITE, David Lindsay | Director | 2021-09-28 | Dec 1969 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HMS SECRETARIES LIMITED | Corporate Secretary | 2010-01-19 | 2010-01-29 |
| AL BARWANI, Usama Mohamed Ali | Director | 2012-02-22 | 2020-05-28 |
| AL KHARUSI, Mohamed Masaud Said | Director | 2012-02-22 | 2014-11-30 |
| HYSLOP, Agnes Margaret | Director | 2010-01-29 | 2012-02-22 |
| HYSLOP, Craig | Director | 2010-01-29 | 2012-02-22 |
| HYSLOP, William James | Director | 2010-01-29 | 2012-02-22 |
| KHAN, Waseem Riaz | Director | 2021-09-28 | 2024-04-05 |
| MALKI, Lakhder | Director | 2020-05-11 | 2021-09-07 |
| MUNRO, Donald John | Director | 2010-01-19 | 2010-01-29 |
| SRIVASTAVA, Sushil Kumar | Director | 2012-02-22 | 2020-05-28 |
| STOREY, Neville Robert | Director | 2012-02-22 | 2020-03-01 |
| HMS DIRECTORS LIMITED | Corporate Director | 2010-01-19 | 2010-01-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Mohamed Ali Mohamed Al Barwani | Individual | Appoints directors, Appoints directors (as firm) | 2017-01-18 | Active |
Filing timeline
Last 20 of 78 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-10-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-22 | AA | accounts | Accounts with accounts type full | |
| 2023-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2022-12-22 | AA | accounts | Accounts with accounts type full | |
| 2022-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-05 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2022-06-30 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2022-06-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-06-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-12-22 | AA | accounts | Accounts with accounts type full | |
| 2021-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2020-11-23 | AA | accounts | Accounts with accounts type full | |
| 2020-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.