SOLID STATE PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-15 (in 4mo)
Last made up 2025-09-01
Watchouts
None on the register
Cash
£4M
-58.4% vs 2024
Net assets
£62M
-4.5% vs 2024
Employees
420
-3% vs 2024
Profit before tax
£320K
-97.4% vs 2024
Name history
Renamed 2 times since incorporation
- SOLID STATE PLC 2006-05-03 → present
- SOLID STATE SUPPLIES PLC 1990-04-04 → 2006-05-03
- CARTER LANE DEALERS LIMITED 1963-08-20 → 1990-04-04
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £163,303,000 | £125,066,000 | |
| Operating profit | £13,700,000 | £1,336,000 | |
| Profit before tax | £12,187,000 | £320,000 | |
| Net profit | £8,872,000 | £512,000 | |
| Cash | £8,445,000 | £3,513,000 | |
| Total assets less current liabilities | £82,626,000 | £70,321,000 | |
| Net assets | £64,620,000 | £61,696,000 | |
| Equity | £64,620,000 | £61,696,000 | |
| Average employees | 433 | 420 | |
| Wages | £24,485,000 | £22,085,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 8.4% | 1.1% | |
| Net margin | 5.4% | 0.4% | |
| Return on capital employed | 16.6% | 1.9% | |
| Gearing (liabilities / total assets) | 43.1% | 40.3% | |
| Current ratio | 2.12x | 1.62x | |
| Interest cover | 8.10x | 1.31x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“We concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. The Directors have concluded that the likelihood of a scenario whereby the covenant headroom is exhausted is remote and therefore there are no material uncertainties over the Group and Company's ability to continue as a going concern.”
Group structure
- SOLID STATE PLC · parent
- Solid State plc 100%
- Steatite Limited 100%
- Custom Power Holdings Inc 100%
- Custom Power LLC 100%
- Solsta Holdings Inc 100%
- Solid State US, Inc 100%
- Steatite Systems Holdings Inc 100%
- Pacer Technologies Limited 100%
- Pacer Components Limited 100%
- Pacer UK Limited 100%
- Willow Technologies Limited 100%
- American Electronic Components, Inc 100%
- Active Silicon Limited 100%
- Active Silicon Inc 100%
- Solid State Supplies Electronics Limited 100%
- eTech Developments Limited 100%
- Q-PAR Antennas USA LLC 100%
- Gateway Electronic Components Limited 100%
- Custom Power Limited 100%
- Creasefield Limited 100%
- Q-PAR Antennas Limited 100%
- Ginsbury Electronics Limited 100%
- Wordsworth Technology Kent Limited 100%
- Durakool Limited 100%
Significant events
- “The Group acquired Gateway Electronic Components in October 2024.”
- “In the summer of 2024, the Group launched a new Steatite Integrated Systems Facility in Aston Church, UK.”
- “The acquisition of Q-PAR Antennas USA and Gateway Electronic Components occurred in 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIDSON, Lyn Marion Bruce | Secretary | 2024-03-26 | — | — |
| CHAVEZ, Victor Manuel | Director | 2026-01-01 | Jan 1963 | British |
| JAMES, Peter Owen | Director | 2017-02-20 | Jun 1979 | British |
| MACMICHAEL, John Lawford | Director | 2010-04-01 | Apr 1961 | British |
| MAGOWAN, Peter John | Director | 2021-01-01 | Aug 1967 | British |
| RICHARDS, Matthew Thomas | Director | 2016-04-18 | Oct 1963 | British |
| ROGERS, Nigel Foster | Director | 2019-07-01 | Jul 1961 | British |
| SMITH, Samantha Jane | Director | 2023-08-01 | May 1974 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAINING, Peter, Mr. | Secretary | 1996-06-20 | 2024-04-12 |
| MARSH, Barbara Delphine Marion | Secretary | — | 1996-06-20 |
| BIGGS, Jeffrey Richard Hugh, Mr. | Director | 1996-04-17 | 2001-01-31 |
| COMBEN, Gordon Leonard | Director | 2008-11-13 | 2015-01-01 |
| COMBEN, Gordon Leonard | Director | — | 2005-10-24 |
| COMBEN, Judith Margaret | Director | — | 1996-03-29 |
| FRERE, Anthony Brian | Director | 2010-04-01 | 2020-03-31 |
| HAINING, Peter, Mr. | Director | 1996-06-20 | 2023-09-06 |
| LAVERY, John Michael, Mr. | Director | 2002-06-24 | 2019-08-31 |
| MARSH, Barbara Delphine Marion | Director | — | 1996-03-29 |
| MARSH, Gary Stephen | Director | 1996-04-17 | 2025-11-11 |
| MARSH, William George, Mr. | Director | — | 2015-01-01 |
| NEWNHAM, Lewis Cyril Ashby | Director | 1996-06-20 | 2010-12-31 |
| NUTTER, Mark Timothy | Director | 2016-01-01 | 2016-06-29 |
| SPANSWICK, Ian | Director | 1997-06-12 | 2002-03-31 |
| THOMAS, Graham Douglas | Director | 1998-10-01 | 2001-10-16 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 261 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | AA | accounts | Accounts with accounts type group | |
| 2025-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-08 | SH01 | capital | Capital allotment shares | |
| 2024-10-15 | SH01 | capital | Capital allotment shares | |
| 2024-10-07 | SH01 | capital | Capital allotment shares | |
| 2024-09-16 | AA | accounts | Accounts with accounts type group | |
| 2024-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-05 | CH01 | officers | Change person director company with change date | |
| 2024-08-02 | CH01 | officers | Change person director company with change date | |
| 2024-04-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-04-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-02-03 | SH01 | capital | Capital allotment shares | |
| 2023-11-09 | SH01 | capital | Capital allotment shares | |
| 2023-09-27 | AA | accounts | Accounts with accounts type group | |
| 2023-09-20 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 3
- Officers appointed
- 1
- Officers resigned
- 1
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-23.4%
£163,303,000 £125,066,000
-
Cash
-58.4%
£8,445,000 £3,513,000
-
Net assets
-4.5%
£64,620,000 £61,696,000
-
Employees
-3%
433 420
-
Operating profit
-90.2%
£13,700,000 £1,336,000
-
Profit before tax
-97.4%
£12,187,000 £320,000
-
Wages
-9.8%
£24,485,000 £22,085,000
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