OTICON LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-10 (in 11mo)
Last made up 2026-03-27
Watchouts
None on the register
Cash
£2M
-14.8% vs 2023
Net assets
£31M
+12% highest in 5 filed years
Employees
128
-5.9% lowest in 5 filed years
Profit before tax
£4M
-15.1% vs 2023
Net assets
7-year trend · vs Technology median
Accounts
7-year trend · latest reflected 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 | — | — | £73,036,000 | £72,460,000 | |
| Operating profit | — | — | £1,693,000 | — | — | £3,633,000 | £2,798,000 | |
| 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 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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 3.9% | — | — | 5.0% | 3.9% | |
| Net margin | — | — | 3.7% | — | — | 5.5% | 4.5% | |
| Return on capital employed | — | — | 8.9% | — | — | 13.0% | 8.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 41.0% | 35.4% | |
| Current ratio | — | — | — | — | — | 2.48x | 2.89x | |
| Interest cover | — | — | 54.61x | — | — | 36.70x | 15.81x |
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 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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
-0.8%
£73,036,000 £72,460,000
-
Cash
-14.8%
£2,848,000 £2,426,000
-
Net assets
+12%
£27,482,000 £30,775,000
highest in 5 filed years
-
Employees
-5.9%
136 128
lowest in 5 filed years
-
Operating profit
-23%
£3,633,000 £2,798,000
-
Profit before tax
-15.1%
£5,156,000 £4,379,000
-
Wages
+1%
£5,991,000 £6,053,000
highest in 5 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers