GE MEDICAL SYSTEMS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-10 (in 6mo)
Last made up 2025-10-27
Watchouts
None on the register
Cash
£1M
+129.8% vs 2023
Net assets
£59M
-24% vs 2023
Employees
766
+5.2% vs 2023
Profit before tax
£8M
-57.2% vs 2023
Name history
Renamed 2 times since incorporation
- GE MEDICAL SYSTEMS LIMITED 2001-04-06 → present
- I.G.E. MEDICAL SYSTEMS LIMITED 1983-12-15 → 2001-04-06
- INTERNATIONAL GENERAL ELECTRIC COMPANY OF NEW YORK LIMITED 1930-12-08 → 1983-12-15
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £359,336,000 | £348,567,000 | |
| Operating profit | £15,342,000 | £14,936,000 | |
| Profit before tax | £18,466,000 | £7,902,000 | |
| Net profit | £20,198,000 | £7,433,000 | |
| Cash | £637,000 | £1,464,000 | |
| Total assets less current liabilities | £89,053,000 | £69,312,000 | |
| Net assets | £77,934,000 | £59,196,000 | |
| Equity | £77,934,000 | £59,196,000 | |
| Average employees | 728 | 766 | |
| Wages | £59,523,000 | £61,145,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 4.3% | 4.3% | |
| Net margin | 5.6% | 2.1% | |
| Return on capital employed | 17.2% | 21.5% | |
| Current ratio | 1.17x | 1.16x | |
| Interest cover | 20.62x | 16.11x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have performed a going concern assessment for a period of 12 months from the date of approval of these financial statements, also considering events reasonably foreseeable beyond this horizon, which indicates that, in light of the company's ability to access the group's cash pool facility if required, the company will have sufficient funds to meet its liabilities as they fall due for that period. The directors are confident that the company will have sufficient funds to continue in operational existence for at least 12 months from the date of approval of these financial statements and they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- GE MEDICAL SYSTEMS LIMITED · parent
- GE Healthcare UK Limited 100%
- GE Healthcare Services Limited 100%
- Whatman Limited 100%
- Whatman International Limited 100%
- Whatman Asia Pacific Private Ltd. 100%
Significant events
- “On 1 January 2025, the company acquired the business, including the assets and liabilities, of BK Medical UK Limited, a fellow group company, for fair market value of £6,115,000.”
- “On 11 December 2024, the company paid an interim dividend of £25,000,000 to GE Healthcare UK Holdings, its immediate parent undertaking.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JAMES, Dylan Owen | Director | 2023-06-08 | Nov 1973 | British |
| JESSERNIGG, Max | Director | 2024-08-29 | Nov 1974 | Austrian |
| JONES, Katherine Ann | Director | 2023-06-08 | Oct 1976 | British |
| MCGUIRE, Simon James | Director | 2020-02-03 | Dec 1964 | British |
| PAESANO, Biagio | Director | 2024-08-29 | Jul 1976 | British |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANE, Simon Robert | Secretary | 2008-06-17 | 2012-01-10 |
| HAYWARD, Stephen Paul | Secretary | — | 2008-06-17 |
| HICKEY, Catherine Mary Bernadette | Secretary | 2012-01-10 | 2013-06-25 |
| BANE, Simon Robert | Director | 2009-02-26 | 2012-12-13 |
| BEASTALL, Jane Alison | Director | 2018-06-19 | 2024-08-31 |
| BLIGHT, Karl Gregory William | Director | 2013-01-15 | 2019-06-05 |
| BLIGHT, Karl Gregory William | Director | 2005-01-01 | 2011-03-25 |
| BORGNE, Ulrich Guy Marcel | Director | 2010-06-11 | 2011-08-09 |
| FEARNHEAD, Simon Whitney | Director | 2001-07-13 | 2004-01-13 |
| FENTON, Jeffrey James | Director | — | 1993-11-10 |
| FITT, Bettina Tudor | Director | 2009-02-26 | 2013-01-03 |
| GOETZ, Christian | Director | 2007-08-01 | 2008-08-22 |
| HASZCZYN, Donald Stephen | Director | 2001-01-16 | 2001-07-13 |
| HAUTBOUT, Richard Serge | Director | 2020-02-03 | 2023-06-08 |
| HOLDERBAUM, Kirsten | Director | 2013-06-25 | 2014-06-30 |
| JACKSON, Christopher Thomas | Director | 2020-02-03 | 2023-06-08 |
| JUX, Keith | Director | — | 1999-04-27 |
| KAROL, Rajat | Director | 2012-06-25 | 2014-11-30 |
| LOUGHRAN, Brendan | Director | 2019-07-08 | 2020-02-03 |
| MAKELA, Jan | Director | 2009-02-26 | 2010-06-11 |
| MASON, Nigel Chadwick | Director | 1998-09-01 | 2015-08-28 |
| MILLIGAN, Allan Paul | Director | 2010-02-16 | 2016-07-15 |
| NAJAR, Jean-Claude | Director | 1993-06-18 | 2000-03-31 |
| O'NEILL, Kevin | Director | 2004-01-12 | 2007-07-31 |
| PERRY, Trevor | Director | — | 2008-12-31 |
| SIMONS, David John | Director | — | 2001-06-30 |
| SVED, Gergely | Director | 2010-06-11 | 2012-06-25 |
| TRIVETT, Alastair Thomas Hunter | Director | 2001-11-20 | 2005-10-28 |
| WALSH, Anna Lena | Director | 2019-07-08 | 2020-02-03 |
| WALSH, Anna Lena | Director | 2014-11-19 | 2018-06-15 |
| WEST, Robin Nicholas | Director | 1999-04-29 | 2000-03-31 |
| WILKINSON, Howard | Director | 2012-12-13 | 2018-11-14 |
| ZABBO, Michaela Danielle | Director | 2016-07-21 | 2018-06-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ge Healthcare Uk Holdings | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-12-09 | Active |
Filing timeline
Last 20 of 263 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-20 | AA | accounts | Accounts with accounts type full | |
| 2024-11-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-12 | AA | accounts | Accounts with accounts type full | |
| 2023-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-29 | CH01 | officers | Change person director company with change date | |
| 2023-07-20 | AA | accounts | Accounts with accounts type full | |
| 2023-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-11 | CH01 | officers | Change person director company with change date | |
| 2022-08-11 | AA | accounts | Accounts with accounts type full | |
| 2022-05-27 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2022-05-27 | SH20 | capital | Legacy |
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-3%
£359,336,000 £348,567,000
-
Cash
+129.8%
£637,000 £1,464,000
-
Net assets
-24%
£77,934,000 £59,196,000
-
Employees
+5.2%
728 766
-
Operating profit
-2.6%
£15,342,000 £14,936,000
-
Profit before tax
-57.2%
£18,466,000 £7,902,000
-
Wages
+2.7%
£59,523,000 £61,145,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers