DELMAR SYSTEMS LTD
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Cash
£460K
+31.6% vs 2024
Net assets
£2.6M
+504.8% vs 2024
Employees
15
+7.1% vs 2024
Profit before tax
—
Period ending 2025-12-31
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | — | — | |
| Profit before tax | — | — | — | |
| Net profit | £836,367 | £2,139,969 | +155.9% | |
| Cash | £349,311 | £459,562 | +31.6% | |
| Total assets less current liabilities | £913,489 | £2,835,134 | +210.4% | |
| Net assets | £423,899 | £2,563,868 | +504.8% | |
| Equity | £423,899 | £2,563,868 | +504.8% | |
| Average employees | 14 | 15 | +7.1% | |
| 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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 94.0% | 45.1% | |
| Current ratio | 1.14x | 2.53x |
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
- DELMAR SYSTEMS LTD 2021-08-19 → present
- DEEP SEA MOORING UK LIMITED 2014-01-31 → 2021-08-19
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Peter Cowan CA on behalf of Hall Morrice LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements. Thus the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “In January 2019, the company entered into an equipment supply and service agreement in relation to the purchase of equipment on behalf of a fellow group company. The liability has been discounted using an effective interest rate of 2.25% and is to be fully repaid in instalments with the initial instalment being made in 2023 and the final instalment being made in 2028. The above liability incurs interest charge of currently 2.05% of the outstanding balance.In 2021, the contract was amended and both debtor and creditor balances were impaired according to the revised contractual agreement.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAVNERAS, Jorund | Director | 2020-10-30 | May 1982 | Norwegian |
| LEMOINE, Jean-Louis | Director | 2021-06-18 | Apr 1971 | American |
| WATSON, Duncan Bruce | Director | 2020-10-30 | Mar 1978 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FLESJA, Kjetil | Director | 2021-01-21 | 2021-04-20 |
| HOYLAND, Frode | Director | 2017-04-18 | 2020-10-27 |
| LOGAN, Jonathan William | Director | 2018-10-11 | 2019-11-18 |
| MCDADE, Paul | Director | 2019-11-18 | 2020-10-27 |
| NIELSEN, Petter | Director | 2020-10-30 | 2021-01-21 |
| STRAUME, Åge | Director | 2014-01-31 | 2020-10-31 |
| TAFAZZOLY, Muhammad Ali, Dr | Director | 2017-04-18 | 2018-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Sherman Allen Scott | Individual | Shares 75–100%, Voting 75–100% | 2021-05-24 | Active |
Filing timeline
Last 20 of 56 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-08-19 RESOLUTIONS Resolution PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-19 | AA | accounts | Accounts with accounts type full | |
| 2026-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-30 | AA | accounts | Accounts with accounts type small | |
| 2025-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-10 | AA | accounts | Accounts with accounts type small | |
| 2024-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-07 | AA | accounts | Accounts with accounts type small | |
| 2023-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-06 | AA | accounts | Accounts with accounts type small | |
| 2022-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-11-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-08-19 | RESOLUTIONS | resolution | Resolution | |
| 2021-06-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-06-21 | AP01 | officers | Appoint person director company with name date | |
| 2021-06-18 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-06-17 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2021-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2021-02-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-19 | RP04AP01 | officers | Second filing of director appointment with name |
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.