MSI-DEFENCE SYSTEMS LTD

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. MSI-DEFENCE SYSTEMS LTD 1991-08-23 → present
2. DEFENCE EQUIPMENT AND SYSTEMS LIMITED 1988-04-29 → 1991-08-23
3. NOTCHLOOK LIMITED 1987-09-03 → 1988-04-29
4. NORCAST LIMITED 1986-08-01 → 1987-09-03
5. LAURENCE SCOTT LIMITED 1969-05-23 → 1986-08-01

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 30th April 2025, the Company held cash and cash equivalents of £12.6m with a further £4.2m of restricted cash held in an Escrow account maturing in greater than 90 days. The Company also has a number of large long-term contracts and a good orderbook. As such, the directors are satisfied that the Company has sufficient liquidity to meet both its current liabilities and future working capital requirements. As a result, in making the going concern assessment the directors consider there to be no material uncertainties that could cast significant doubt on the Company's ability to continue to operate as a going concern. They believe that the Company has sufficient financial resources with an orderbook that allows the Company to continue operating for the foreseeable future, being at least to 31st October 2026. As a result, the directors continue to adopt the going concern basis of accounting in preparation of these financial statements.”

Significant events

• “It was a record year for export sales, particularly Naval weapons systems for the United States and the first deliveries of Naval weapons systems for the German Navy.”
• “There continues to be significant investment into product development, with the Company increasing spend on research and development from £1.8m in 2024 to £2.3m in 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +21.5%

  £66,918,000 → £81,280,000

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  +41.3%

  £13,716,000 → £19,383,000

• Profit before tax

  +41.9%

  £14,221,000 → £20,173,000

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