QINETIQ TARGET SYSTEMS LIMITED
Get an alert when QINETIQ TARGET SYSTEMS LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-11-11 (in 6mo)
Last made up 2025-10-28
Watchouts
Cash
£14M
+521.2% vs 2024
Net assets
£51M
+17.5% vs 2024
Employees
186
+4.5% vs 2024
Profit before tax
£10M
-13.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 3 times since incorporation
- QINETIQ TARGET SYSTEMS LIMITED 2016-12-23 → present
- MEGGITT DEFENCE SYSTEMS LIMITED 1998-03-26 → 2016-12-23
- TARGET TECHNOLOGY LIMITED 1986-06-16 → 1998-03-26
- TARGET TECHNOLOGY (1985) LIMITED 1985-01-15 → 1986-06-16
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 | £47,967,000 | £49,050,000 | |
| Operating profit | £11,629,000 | £10,091,000 | |
| Profit before tax | £11,542,000 | £10,031,000 | |
| Net profit | £8,695,000 | £7,498,000 | |
| Cash | £2,296,000 | £14,263,000 | |
| Total assets less current liabilities | £44,324,000 | £52,351,000 | |
| Net assets | £43,088,000 | £50,643,000 | |
| Equity | £43,088,000 | £50,643,000 | |
| Average employees | 178 | 186 | |
| Wages | £7,316,000 | £7,862,000 |
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 | 24.2% | 20.6% | |
| Net margin | 18.1% | 15.3% | |
| Return on capital employed | 26.2% | 19.3% | |
| Current ratio | 4.13x | 5.52x | |
| Interest cover | 133.67x | 168.18x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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. 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.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FIELD, James Stephen | Secretary | 2022-09-14 | — | — |
| BLAMEY, William | Director | 2025-09-08 | Jul 1976 | British |
| GALT, Simon | Director | 2025-09-08 | Aug 1981 | British |
| PARKINSON, John Edward | Director | 2026-02-12 | Apr 1978 | British |
| PERRY, Reeta | Director | 2025-07-30 | Nov 1978 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLARK, David Henry | Secretary | — | 2006-01-01 |
| GRANT, Simon Robert | Secretary | 2016-10-28 | 2016-12-21 |
| MESSENT, Jon | Secretary | 2016-12-21 | 2022-08-11 |
| THOMAS, Marina Louise | Secretary | 2006-01-01 | 2016-10-28 |
| ACKERMAN, Richard Duncan | Director | 2020-11-26 | 2023-09-30 |
| ANDRAE, Michael Laren | Director | 2024-11-01 | 2025-06-26 |
| ANDREWS, Charles James | Director | 2010-03-17 | 2014-11-12 |
| CASHIN, Heather Anne | Director | 2023-08-22 | 2024-02-12 |
| CLARK, David Henry | Director | — | 2007-05-31 |
| CLARK, John Edward Tobias | Director | 2019-12-20 | 2026-01-29 |
| COLLIER, Michael Patrick | Director | 2016-12-21 | 2019-12-20 |
| FARLEY, Iain David | Director | 2017-01-12 | 2020-04-01 |
| GARROD, Kim Maria Michelle | Director | 2016-12-21 | 2017-01-12 |
| GREEN, Philip Ernest | Director | 1994-07-19 | 2016-12-21 |
| HILL, Brian Lionel | Director | 1992-09-22 | 1994-10-10 |
| LONGSTAFF, Peter Raymond | Director | 2017-01-12 | 2020-11-20 |
| MORGAN, David Trevor | Director | 2001-07-24 | 2005-07-31 |
| O'NEILL, Derek John | Director | 2010-03-17 | 2016-12-21 |
| OLLIS, Graham Clifford | Director | 2024-02-09 | 2024-11-01 |
| PARGETER, Ian Keith | Director | 2010-03-17 | 2016-12-21 |
| SAGNELLI, Antonio | Director | 2024-02-09 | 2024-10-04 |
| SHAW, Malcolm Selwyn | Director | — | 1994-05-31 |
| STEWART, Gary Robert | Director | 2023-08-22 | 2025-04-01 |
| SYDENHAM, Mark David | Director | 2024-02-09 | 2025-08-01 |
| THOMAS, Marina Louise | Director | 2013-12-02 | 2016-12-21 |
| THORP, Andy Timothy | Director | 2020-04-01 | 2023-04-28 |
| TWIGGER, Terence | Director | 2005-08-15 | 2013-05-01 |
| TWIGGER, Terence | Director | 1994-05-27 | 1994-07-19 |
| WEBB, Douglas Russell | Director | 2013-06-25 | 2016-12-21 |
| WEBSTER, Stephen | Director | 2016-12-21 | 2017-01-12 |
| YOUNG, Mark Lees | Director | 2006-07-26 | 2013-12-02 |
| YOUNG, Stephen Gareth | Director | 2005-08-15 | 2016-12-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Qinetiq Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-12-21 | Active |
| Meggitt Properties Plc | Corporate entity | Shares 75–100%, ownership-of-shares-75-to-100-percent-as-firm, Voting 75–100%, voting-rights-75-to-100-percent-as-firm, Appoints directors, right-to-appoint-and-remove-directors-as-firm | 2016-04-06 | Ceased 2016-12-21 |
Filing timeline
Last 20 of 198 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-09-15 | CH01 | officers | Change person director company with change date | |
| 2025-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-27 | AA | accounts | Accounts with accounts type full | |
| 2024-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-09 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 3
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
+2.3%
£47,967,000 £49,050,000
-
Cash
+521.2%
£2,296,000 £14,263,000
-
Net assets
+17.5%
£43,088,000 £50,643,000
-
Employees
+4.5%
178 186
-
Operating profit
-13.2%
£11,629,000 £10,091,000
-
Profit before tax
-13.1%
£11,542,000 £10,031,000
-
Wages
+7.5%
£7,316,000 £7,862,000
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