EXPERT TRAINING SYSTEMS P.L.C.
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-07 (in 1mo)
Last made up 2025-05-24
Watchouts
None on the register
Cash
£336K
+13% vs 2023
Net assets
-£193K
-172.4% lowest in 5 filed years
Employees
31
+3.3% highest in 5 filed years
Profit before tax
-£323K
+25.9% 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 | — | — | £2,374,074 | £2,117,899 | £2,370,804 | £2,493,965 | £2,683,733 | |
| Operating profit | — | — | -£124,646 | -£179,313 | -£304,591 | -£438,750 | -£329,594 | |
| Profit before tax | — | — | -£124,228 | -£179,132 | -£305,823 | -£435,521 | -£322,933 | |
| Net profit | — | — | £80,845 | -£37,474 | -£169,276 | -£435,521 | -£459,480 | |
| Cash | — | — | £1,263,649 | £942,749 | £761,324 | £297,097 | £335,695 | |
| Total assets less current liabilities | — | — | £954,579 | £906,602 | £727,830 | £282,308 | -£187,172 | |
| Net assets | — | — | £908,746 | £871,272 | £701,996 | £266,475 | -£193,005 | |
| Equity | — | — | £908,746 | £871,272 | £701,996 | £266,475 | -£193,005 | |
| Average employees | — | — | 29 | 25 | 28 | 30 | 31 | |
| Wages | — | — | £1,735,323 | £1,655,333 | £1,967,675 | £2,133,488 | £2,214,763 |
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 | — | — | -5.3% | -8.5% | -12.8% | -17.6% | -12.3% | |
| Net margin | — | — | 3.4% | -1.8% | -7.1% | -17.5% | -17.1% | |
| Return on capital employed | — | — | -13.1% | -19.8% | -41.8% | -155.4% | 176.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 79.7% | 124.4% | |
| Current ratio | — | — | — | — | — | 1.27x | 0.80x | |
| Interest cover | — | — | — | — | -198.04x | -562.50x | -620.70x |
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
- Butt Miller
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- EXPERT TRAINING SYSTEMS P.L.C. · parent
- Expert Training Systems S.L. 100%
Significant events
- “We are pleased to report revenue growth in these financial statements with turnover of £2,683,733 (2023: £2,493,965) and closing the year with another strong order book”
- “As we have reported in recent years and note above, we have continued our investment in our technology.”
- “In 2024 we adapted our business to no longer budget for the support of these tax credits. The positive impact of these internal changes will impact our 2025 results as we focus on operating profit to generate the cash that the tax credits have provided in the past.”
- “Of the other risks identified, the biggest factor affecting both the company and our clients is the geopolitical uncertainty at the time of publishing these statements.”
- “The board is mindful of the current economic climate and global factors such as the conflict in Ukraine and the Middle East, together with general geopolitical uncertainty.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUGHES, Brendan James | Secretary | 2005-01-17 | — | British |
| HUGHES, Brendan James | Director | 2005-01-17 | Feb 1971 | British |
| SOUTHWELL, John Mark | Director | 2001-10-05 | Jun 1971 | British |
| SOUTHWELL, Simon | Director | 2004-12-29 | Dec 1975 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRANNY, Hazel | Secretary | 2001-06-22 | 2005-01-17 |
| LINDSAY, Robert Gordon | Secretary | — | 2001-06-22 |
| ALLISON, Mark Frederick | Director | 2001-10-05 | 2002-01-14 |
| BENNETT, Jonathan | Director | 2007-01-01 | 2010-07-09 |
| CARMODY, Petrina Rosamund, Dr | Director | 2004-12-29 | 2008-12-24 |
| KINGSTON, Maurice David | Director | — | 2007-12-31 |
| LINDSAY, Robert Gordon | Director | — | 2004-07-06 |
| NICHOLS, Edward James | Director | 2004-12-29 | 2020-07-31 |
| SOUTHWELL, Leslie | Director | — | 2023-04-29 |
| WAKE, Dominic | Director | 2007-02-05 | 2014-10-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| John Mark Southwell | Individual | Shares 25–50%, Voting 25–50% | 2018-06-28 | Active |
| Ana Maria Fitzpatrick | Individual | Shares 25–50%, Voting 25–50% | 2018-06-28 | Active |
| Simon Leslie Southwell | Individual | Shares 25–50%, Voting 25–50% | 2018-06-28 | Active |
| Mr Leslie Southwell | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-05-25 | Ceased 2018-06-28 |
Filing timeline
Last 20 of 179 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-06-27 | AA | accounts | Accounts with accounts type full | |
| 2025-06-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-22 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-08-22 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-08-22 | CH03 | officers | Change person secretary company with change date | |
| 2024-08-22 | CH01 | officers | Change person director company with change date | |
| 2024-08-22 | CH01 | officers | Change person director company with change date | |
| 2024-08-22 | CH01 | officers | Change person director company with change date | |
| 2024-08-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-05-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-30 | AA | accounts | Accounts with accounts type full | |
| 2023-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-30 | AA | accounts | Accounts with accounts type full | |
| 2022-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-28 | AA | accounts | Accounts with accounts type full | |
| 2021-06-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-03 | TM01 | officers | Termination director company with name termination date | |
| 2020-06-26 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
+7.6%
£2,493,965 £2,683,733
highest in 5 filed years
-
Cash
+13%
£297,097 £335,695
-
Net assets
-172.4%
£266,475 -£193,005
lowest in 5 filed years
-
Employees
+3.3%
30 31
highest in 5 filed years
-
Operating profit
+24.9%
-£438,750 -£329,594
-
Profit before tax
+25.9%
-£435,521 -£322,933
-
Wages
+3.8%
£2,133,488 £2,214,763
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