PSION HOLDINGS LIMITED

1. PSION HOLDINGS LIMITED 2013-03-19 → present
2. PSION HOLDINGS PLC 2013-03-19 → 2013-03-19
3. PSION PLC 1980-12-31 → 2013-03-19
4. REDCHEER LIMITED 1980-10-03 → 1980-12-31

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 102

Reporting scope

Standalone (parent only)

Auditor

Grunberg & Co Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Following the sale of the Psion Group to Zebra Technologies Corporation in October 2014, Zebra Technologies Corporation group ("the Group") is streamlining the overall business structure by consolidating legal entities. It is intended that the company will continue to act as a holding company for the Psion entities. After reviewing the company's forecast cash flow and working capital requirements, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future (which is 12 months from the signing date of these financial statements). Additionally, the company has access to funds which are made available to it by the company's parent, should such funds be necessary to enable the company to meet its liabilities as they fall due. The directors have received written confirmation of the continued support from the ultimate parent company, Zebra Technologies Corporation, and after making appropriate enquiries are satisfied that Zebra Technologies Corporation has sufficient capacity to make this undertaking. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. PSION HOLDINGS LIMITED · parent
   1. Zebra Technologies Argentina 100% · Argentina
   2. Zebra Technologies Canada, ULC 100% · Canada · to research and develop, organize the manufacture of, market and sell Group products
   3. Antuit Canada Inc. 100% · Canada · to market and distribute the products of the group
   4. Matrox Electronic Systems Ltd. 100% · Canada · to market and distribute the products of the group
   5. Psion Systems India Private Limited 100% · India · to market and distribute the products of the group
   6. Psion Africa (Proprietary) Limited 100% · South Africa · to market and distribute the products of the group
   7. Psion SARL 100% · Switzerland · to market and distribute the products of the group
   8. Matrox International Corp. 100% · United States · to market and distribute the products of the group

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -72.3%

  £253,000 → £70,000

• Net assets

  +1.5%

  £718,619,000 → £729,136,000

• Employees

  —

  Not reported

• Operating profit

  +114.6%

  -£69,971,000 → £10,199,000

• Profit before tax

  +115%

  -£70,033,000 → £10,507,000

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