NOVAR SYSTEMS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-15 (this month)
Last made up 2025-05-01
Watchouts
Cash
£57M
-37.7% vs 2023
Net assets
£408M
+5.9% vs 2023
Employees
198
-0.5% vs 2023
Profit before tax
£26M
+2.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 5 times since incorporation
- NOVAR SYSTEMS LIMITED 2004-07-26 → present
- GENT LIMITED 2000-12-29 → 2004-07-26
- CARADON GENT LIMITED 1994-02-18 → 2000-12-29
- GENT LIMITED 1982-08-03 → 1994-02-18
- CHLORIDE GENT LIMITED 1977-12-31 → 1982-08-03
- AGRO ELECTRICAL COMPANY LIMITED 1932-04-01 → 1977-12-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £80,842,000 | £88,531,000 | |
| Operating profit | £2,579,000 | £2,816,000 | |
| Profit before tax | £25,181,000 | £25,896,000 | |
| Net profit | £23,774,000 | £18,923,000 | |
| Cash | £91,257,000 | £56,812,000 | |
| Total assets less current liabilities | £322,178,000 | £337,812,000 | |
| Net assets | £385,732,000 | £408,335,000 | |
| Equity | £385,732,000 | £408,335,000 | |
| Average employees | 199 | 198 | |
| Wages | £11,766,000 | £12,474,000 |
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 | 3.2% | 3.2% | |
| Net margin | 29.4% | 21.4% | |
| Return on capital employed | 0.8% | 0.8% | |
| Gearing (liabilities / total assets) | -4.5% | -7.5% | |
| Current ratio | 7.70x | 8.88x | |
| Interest cover | 1.95x | 2.14x |
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
“Based on the circumstances described above, the financial statements are prepared on the assumption that the entity is a going concern.”
Significant events
- “In June 2023, the UK High Court issued a ruling in the case of Virgin Media Limited v NTL Pension Trustees II Limited and others relating to the validity of certain historical pension changes. This case may have implications for other defined benefit schemes in the UK. An appeal of the case was heard in late June 2024 and the judgment was handed down on 25 July 2024, which confirmed the initial High Court ruling. The Company is aware of this legal ruling and is assessing whether there is any potential impact upon the Company although currently no conclusion has been reached therefore no quantification of any potential impact has been determined.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 53 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JUGGINS, David | Director | 2017-07-14 | Feb 1972 | British |
| KAY, David Andrew | Director | 2016-10-07 | Jan 1973 | British |
Show 53 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BHOWMIK, Chandan Kanti | Secretary | 1994-10-03 | 2003-04-11 |
| BURNINGHAM, Derek | Secretary | 2003-04-11 | 2005-06-30 |
| JONES, Alec | Secretary | — | 1994-10-03 |
| EPS SECRETARIES LIMITED | Corporate Secretary | 2005-06-30 | 2008-06-30 |
| SISEC LIMITED | Corporate Secretary | 2008-06-30 | 2016-01-29 |
| AYTON, Mark | Director | 2007-07-16 | 2017-07-28 |
| BANCROFT, Paul Andrew | Director | 1993-05-13 | 1993-12-23 |
| BEVINS, Timothy Ted | Director | 2005-08-01 | 2008-02-29 |
| CHAMBERLAIN, Paul Bernard | Director | 2004-03-29 | 2006-02-10 |
| COHEN, Daniel Charles | Director | 1994-01-06 | 1995-11-27 |
| COX, Martin | Director | 1998-02-02 | 1999-05-31 |
| DARKES, Timothy Nathan | Director | 2003-12-01 | 2008-04-10 |
| DAVISON, Michael John | Director | 1996-01-26 | 1998-10-01 |
| DELVE, Martin Christopher | Director | 2003-07-31 | 2004-06-29 |
| DENNEY, Alan William | Director | — | 1996-03-13 |
| DOWSETT, Michael John | Director | 1993-05-13 | 1994-01-01 |
| DRAKESMITH, Nicholas Timon | Director | 2004-06-29 | 2005-06-30 |
| ERKILIC, Mehmet | Director | 2016-12-13 | 2018-01-31 |
| FOLDES, John Henry Roger | Director | 1999-09-27 | 2001-11-30 |
| FOSTER, Adam | Director | 2004-11-01 | 2005-04-01 |
| FRASER, Grant William | Director | 2010-03-31 | 2016-10-07 |
| GOUBAU, Gerald | Director | 2005-08-01 | 2006-06-01 |
| HARRINGTON, Derek Malcolm | Director | — | 2004-11-01 |
| HEINEN, Bernd | Director | 1999-09-27 | 2004-11-01 |
| HOLLAND, Kenneth, Sir | Director | — | 1993-12-31 |
| HURST, James Grant, Reverend | Director | — | 1994-02-28 |
| IBBETSON, Daniel Frederick | Director | 2004-11-01 | 2005-12-02 |
| JONES, Alec | Director | — | 1997-02-28 |
| JONES, Timothy Charles | Director | 2002-02-22 | 2003-07-31 |
| JUTHA, Piyush Jayantilal Kanji | Director | 2009-08-03 | 2019-12-18 |
| KELLY, Mark Jonathan Warwick | Director | 2004-03-29 | 2004-06-11 |
| KENNEALLY, Christopher | Director | 1999-09-27 | 2000-04-07 |
| KRESS, Kolja | Director | 2012-01-12 | 2015-12-31 |
| LARKINS, Thomas F | Director | 2010-03-31 | 2012-11-16 |
| LEDERER, Gary | Director | 2012-01-12 | 2013-03-11 |
| LETTS, John Brian | Director | — | 1997-02-28 |
| MILLER, Charles John | Director | 1997-02-28 | 1999-09-27 |
| MILLS, Robert John Henry | Director | 1994-07-15 | 1996-01-26 |
| MORAN, Mark | Director | 1995-09-25 | 1997-09-26 |
| MORLEY, Stuart Malcolm | Director | 2019-12-31 | 2024-01-12 |
| MOSS, Andrew John | Director | 1997-10-01 | 1998-09-11 |
| RACE, Eric | Director | — | 1993-05-13 |
| RAY, John William | Director | — | 1993-05-13 |
| RICHARDS, Allan | Director | 2012-01-12 | 2018-10-26 |
| ROBINSON, Andrew Pirie Stuart | Director | — | 1998-10-30 |
| SEDDON, Andrew David | Director | 1998-08-03 | 1999-06-25 |
| SHAW, Fred | Director | — | 1995-12-15 |
| SHORD, Richard Ashley | Director | 1996-01-26 | 1999-09-27 |
| SIFORD, Neil Edward | Director | 1999-06-25 | 2004-09-17 |
| TILMAN, David Ward | Director | 1994-12-29 | 1995-12-22 |
| TUS, John J | Director | 2010-03-31 | 2019-09-24 |
| WELLS, Anthony William | Director | 1996-07-01 | 1999-01-05 |
| WINGARD, Peter William Runar | Director | 1994-02-28 | 1997-11-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Novar Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-11-20 | Active |
| Novar Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-22 | Ceased 2024-11-20 |
| Novar Electrical Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-10-22 |
Filing timeline
Last 20 of 270 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-09 | AA | accounts | Accounts with accounts type full | |
| 2025-05-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-06 | AA | accounts | Accounts with accounts type full | |
| 2024-05-29 | AA | accounts | Accounts with accounts type full | |
| 2024-05-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-28 | AA | accounts | Accounts with accounts type full | |
| 2022-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-06 | AA | accounts | Accounts with accounts type full | |
| 2021-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-18 | AA | accounts | Accounts with accounts type full | |
| 2020-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-01-15 | AP01 | officers | Appoint person director company with name date | |
| 2019-12-31 | AA | accounts | Accounts with accounts type full | |
| 2019-12-20 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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
+9.5%
£80,842,000 £88,531,000
-
Cash
-37.7%
£91,257,000 £56,812,000
-
Net assets
+5.9%
£385,732,000 £408,335,000
-
Employees
-0.5%
199 198
-
Operating profit
+9.2%
£2,579,000 £2,816,000
-
Profit before tax
+2.8%
£25,181,000 £25,896,000
-
Wages
+6%
£11,766,000 £12,474,000
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