POWERSOLVE ELECTRONICS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-30 (in 1mo)
Last made up 2025-06-16
Watchouts
None on the register
Cash
£1M
+44.7% vs 2023
Net assets
£3M
-0.3% vs 2023
Employees
13
0% vs 2023
Profit before tax
£1M
-18.7% vs 2023
Name history
Renamed 1 time since incorporation
- POWERSOLVE ELECTRONICS LIMITED 1987-10-06 → present
- BIGSHIFT LIMITED 1987-06-01 → 1987-10-06
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £8,109,704 | £6,373,874 | |
| Operating profit | £1,341,316 | £1,071,258 | |
| Profit before tax | £1,303,463 | £1,059,763 | |
| Net profit | £995,700 | £790,771 | |
| Cash | £711,567 | £1,029,912 | |
| Total assets less current liabilities | £3,528,425 | £3,403,063 | |
| Net assets | £3,361,060 | £3,351,831 | |
| Equity | £3,361,060 | £3,351,831 | |
| Average employees | 13 | 13 | |
| Wages | £982,115 | £908,388 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 16.5% | 16.8% | |
| Net margin | 12.3% | 12.4% | |
| Return on capital employed | 38.0% | 31.5% | |
| Current ratio | 2.67x | 2.94x | |
| Interest cover | 34.22x | 41.46x |
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
“The directors believe that preparing the financial statements on the going concem basis is appropriate as it meets its capital requirements through its cash reserves and borrowings.”
Group structure
- POWERSOLVE ELECTRONICS LIMITED · parent
- XP Energy Systems Limited 100%
- Safety Power Group Limited 100%
Significant events
- “The reductions in these key measurements are due to an extended period of de-stocking in our end-markets.”
- “Tariffs announced by the US government on imports into the US are not expected to have a material impact on demand from our customers in the US.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLARK, Charlotte Louise | Secretary | 2025-10-31 | — | — |
| CLARK, Charlotte Louise | Director | 2025-10-31 | Jun 1994 | British |
| CLARK, Peter Francis | Director | — | Dec 1951 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENNETT, David Andrew | Secretary | — | 1991-10-08 |
| CLARK, Nicola Lynn | Secretary | — | 2009-04-20 |
| MOSS, Sharon | Secretary | 2009-04-20 | 2025-10-31 |
| BENNETT, David Andrew | Director | — | 1991-10-08 |
| CLARK, Nicola Lynn | Director | — | 2009-11-30 |
| HUCKLE, Michael Charles | Director | 2003-10-08 | 2024-06-30 |
| MOSS, Sharon | Director | 2009-12-22 | 2025-10-31 |
| TRACEY, Larry Barry | Director | 2005-07-01 | 2009-12-22 |
| WALL, Andrew James Bruce | Director | — | 1994-02-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter Francis Clark | Individual | Appoints directors | 2017-02-09 | Active |
Filing timeline
Last 20 of 145 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-07-31 | AA | accounts | Accounts with accounts type full | |
| 2025-07-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-25 | CH01 | officers | Change person director company with change date | |
| 2024-10-24 | CH03 | officers | Change person secretary company with change date | |
| 2024-10-24 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-24 | CH01 | officers | Change person director company with change date | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-10 | AA | accounts | Accounts with accounts type full | |
| 2022-06-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-05-26 | AA | accounts | Accounts with accounts type full | |
| 2022-03-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-16 | AA | accounts | Accounts with accounts type full | |
| 2021-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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
-21.4%
£8,109,704 £6,373,874
-
Cash
+44.7%
£711,567 £1,029,912
-
Net assets
-0.3%
£3,361,060 £3,351,831
-
Employees
0%
13 13
-
Operating profit
-20.1%
£1,341,316 £1,071,258
-
Profit before tax
-18.7%
£1,303,463 £1,059,763
-
Wages
-7.5%
£982,115 £908,388
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