ABACO SYSTEMS LIMITED

1. ABACO SYSTEMS LIMITED 2015-12-07 → present
2. GE INTELLIGENT PLATFORMS HOLDINGS LIMITED 2010-05-21 → 2015-12-07
3. GE INTELLIGENT PLATFORMS HOLDINGS PLC 2010-01-12 → 2010-05-21
4. GE FANUC INTELLIGENT PLATFORMS HOLDINGS PLC 2007-11-15 → 2010-01-12
5. RADSTONE TECHNOLOGY PLC 1988-05-16 → 2007-11-15
6. H W F NUMBER FIFTY SEVEN LIMITED 1987-07-30 → 1988-05-16

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company's business activities, together with the factors likely to affect its future development, its financial position, financial risk management objectives and details of the Company's exposure to risk are described in the strategic report on page 1. As noted on pages 12 and 14 respectively, the Company has generated a profit after tax of £13,337,000 for the year-ended 31 December 2024 and has net current assets of £82,717,000 and net assets of £102,459,000 at this date. Across the industry, executives are positive on their outlook for 2025 and 2026, with optimism based on new technologies and innovation reaching production. Transformations in the market based on Artificial Intelligence (AI), robotics, and the Internet of Things (IOT) to optimise and augment military operations continue to accelerate. Overall industry trends, combined with Abaco's backlog position, are indicators of continued revenue recovery in future years. While short-term supply chain constraints are expected to remain for select components and timing of orders may impact revenue, Abaco's investment in inventories and robust industry growth give management confidence over the Company's future outlook. The Directors have stress tested the cash flow forecasts for the remainder of 2025 and until 30 September 2026 noting the most significant factor impacting the cash inflows for the Company is the level of revenues generated. It would take a significant reduction in revenue to result in Abaco having negative cashflow. However, the Directors would not tolerate such a fall in revenue without taking further measures to reduce costs in the business. Management are aware of ongoing tariffs and reciprocal tariffs arising from geopolitical tensions. It is considered premature to assess the impact of these tariffs, we are actively monitoring any changes and are engaged with relevant stakeholders. The Company is closely monitoring how these tariffs affect operations, considering recent changes in trade policies. The Company's ultimate parent, AMETEK Inc, has also performed favourably and has significant undrawn credit lines. The financial statements for AMETEK Inc are publicly available at www.ametek.com. On the basis of their assessment, including the factors detailed above, the directors have concluded it is appropriate for the Company's 2024 financial statements to be prepared on a going concern basis.”

Group structure

1. ABACO SYSTEMS LIMITED · parent
   1. Abaco Systems Technology Corporation 100% · USA · sale of electronic sub-systems
   2. Abaco Systems (India) Private Limited 100% · India · sale of electronic sub-systems

Significant events

• “The Company has declared and paid interim dividends amounting to £19,752,000 in respect of the year ending 31 December 2025.”

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

Filings

2

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

  -6.6%

  £82,658,000 → £77,202,000

• Cash

  -32.7%

  £12,436,000 → £8,374,000

• Net assets

  -8.9%

  £112,513,000 → £102,459,000

• Employees

  -5.3%

  190 → 180

• Operating profit

  +44.4%

  £8,564,000 → £12,369,000

• Profit before tax

  +56.3%

  £8,159,000 → £12,749,000

• Wages

  +29.3%

  £10,460,000 → £13,520,000

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