GURALP SYSTEMS LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

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

James Cowper Kreston Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Board has considered the above and concluded that since the company may not be able to raise additional funds if the forecast are not met, the above represents a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern and therefore its ability to realise its assets and discharge its liabilities in the normal course of business. The financial statements do not include the adjustments that would be necessary should the going concern basis of preparation no longer be appropriate. However, after considering the uncertainties the Board has a reasonable expectation that the company will be successful in continuing to operate without the need for additional borrowing beyond the £520,000. Accordingly, the Board considers it is appropriate to continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. GURALP SYSTEMS LIMITED · parent
   1. Guralp Systems GmbH 100% · Germany · Sale of seismic instruments and systems

Significant events

• “The company was unable to generate sufficient funds to pay the £2,069,861 financial settlement due under its deferred prosecution agreement (DPA) by the 22 October 2024 deadline. As a result the SFO filed a court application on 20 November 2024 to have the DPA terminated which would allow them to initiate a prosecution of the company. The Board have taken legal advice and consider that the filing was after the end date of the DPA and therefore the DPA had concluded, so the SFO can take no further action.”
• “On 27 April 2023, it was decided that the USA subsidiary should be dissolved. The investment in Guralp Systems Incorporated was not material. Guralp Systems Incorporated was dissolved on 29 August 2023.”

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

1

last 12 months

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

• Turnover

  +18.6%

  £11,071,500 → £13,128,123

• Cash

  +31%

  £425,489 → £557,295

• Net assets

  +50.8%

  £1,917,158 → £2,890,317

• Employees

  +5.5%

  73 → 77

• Operating profit

  +9%

  £1,267,737 → £1,381,835

• Profit before tax

  +7.6%

  £1,260,641 → £1,357,076

• Wages

  +9%

  £3,290,801 → £3,586,629

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