UK Companies House feature
OTICON LIMITED
Cash
£2M
-14.8% vs 2023
Net assets
£31M
+12% vs 2023
Employees
128
-5.9% vs 2023
Profit before tax
£4M
-15.1% vs 2023
Profile
- Company number
- 01095512
- Status
- Active
- Incorporation
- 1973-02-12
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 26600
- Hubs
- UK Healthcare
Net assets
7-year trend · vs UK Healthcare median
Accounts
7-year trend · latest 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £43,726,000 | — | — | — | — | |
| Operating profit | — | — | £1,693,000 | — | — | — | — | |
| Profit before tax | — | — | £1,989,000 | £2,803,000 | £3,436,000 | £5,156,000 | £4,379,000 | |
| Net profit | — | — | £1,639,000 | £2,224,000 | £2,782,000 | £4,028,000 | £3,293,000 | |
| Cash | — | — | £860,000 | £1,713,000 | £1,313,000 | £2,848,000 | £2,426,000 | |
| Total assets less current liabilities | — | — | £19,015,000 | £21,143,000 | £23,939,000 | £28,035,000 | £31,345,000 | |
| Net assets | — | — | £18,448,000 | £20,672,000 | £23,454,000 | £27,482,000 | £30,775,000 | |
| Equity | £14,905,000 | £16,809,000 | £18,448,000 | £20,672,000 | £23,454,000 | £27,482,000 | £30,775,000 | |
| Average employees | — | — | 135 | 133 | 133 | 136 | 128 | |
| Wages | — | — | £4,661,000 | £5,198,000 | £6,044,000 | £5,991,000 | £6,053,000 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Consilium Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “The company maintained a strong overall performance for they year despite a challenging and competitive market landscape. A strong presence in the Independent market, together with a growing base of business in the NHS supported delivery of expected results for the period across all segments.”
- “Audiological innovation: Delivering world-class, leading audiological offerings, across all segments. Introduction of new and updated technology offerings that meet innovative requirements of the customer.”
- “Customers: Deliver a world-class customer and user experience. To achieve this, we have invested in a new CRM system and additional employee training.”
- “ESG: During 2024 we shifted focus to the "S" looking at 3 main areas; 1. Employee engagement, retention and attraction; 2. Diversity, equity, inclusion and wellbeing, and 3. Sustainable supply chain.”
- “The local environmental objectives for 2024 included a packaging redesign and a reduction in energy use and general waste by 5%. Both of these objectives were achieved.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRAHAM, Laura | Secretary | 2023-05-02 | — | — |
| COLEMAN, Bronwen | Director | 2023-05-02 | Feb 1979 | South African |
| NIELSEN, Soren | Director | 2018-04-10 | Nov 1970 | Danish |
| SCHNEIDER, Rene | Director | 2018-04-10 | Dec 1973 | Danish |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HILTON, Ulf | Secretary | 2001-03-12 | 2002-07-01 |
| MATHIESON, Roy Stewart | Secretary | — | 2001-01-31 |
| TAIT, Alistair Keith | Secretary | 2002-07-01 | 2023-05-02 |
| BINDSLEV, Steen | Director | 2001-04-01 | 2004-12-31 |
| FINNERUP, Peter | Director | 2001-03-12 | 2018-04-10 |
| GEISER, Thomas | Director | 2000-11-01 | 2001-03-31 |
| JACOBSEN, Niels | Director | 1992-04-06 | 2018-04-10 |
| KOLIND, Lars | Director | — | 1998-03-19 |
| LINDO HANSON, Torben | Director | 1996-03-12 | 2001-03-31 |
| MILLER, Alison May | Director | 2001-04-06 | 2001-07-01 |
| STANGEGARD, Christian | Director | — | 1995-03-13 |
| TAIT, Alistair Keith | Director | 2018-04-10 | 2023-05-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Demant A/S | Legal person | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 130 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-29 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-12-22 | AA | accounts | accounts with accounts type full |
| 2025-11-03 | AD01 | address | change registered office address company with date old address new address |
| 2025-03-28 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-09-24 | AA | accounts | accounts with accounts type full |
| 2024-03-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-10-30 | AA | accounts | accounts with accounts type full |
| 2023-05-02 | TM01 | officers | termination director company with name termination date |
| 2023-05-02 | AP01 | officers | appoint person director company with name date |
| 2023-05-02 | TM02 | officers | termination secretary company with name termination date |
| 2023-05-02 | AP03 | officers | appoint person secretary company with name date |
| 2023-03-28 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-09-28 | AA | accounts | accounts with accounts type full |
| 2022-03-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-11-05 | AA | accounts | accounts with accounts type full |
| 2021-04-22 | PSC06 | persons-with-significant-control | change to a person with significant control |
| 2021-04-21 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-01-07 | AA | accounts | accounts with accounts type full |
| 2020-03-31 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2019-10-02 | AA | accounts | accounts with accounts type full |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
6.56
SAFE
Altman Z″
- Working capital / Total assets 0.648 × 6.56 = +4.25
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.059 × 6.72 = +0.39
- Book equity / Total liabilities 1.823 × 1.05 = +1.91
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory