QINETIQ TRAINING AND SIMULATION LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-23 (in 5mo)
Last made up 2025-10-09
Watchouts
None on the register
Cash
£7M
+18.1% vs 2024
Net assets
£8M
+56.9% vs 2024
Employees
89
+2.3% vs 2024
Profit before tax
£4M
-36% vs 2024
Name history
Renamed 2 times since incorporation
- QINETIQ TRAINING AND SIMULATION LIMITED 2022-03-22 → present
- NEWMAN & SPURR CONSULTANCY LIMITED 1991-10-11 → 2022-03-22
- NEWMAN CONSULTANCY LIMITED 1988-05-03 → 1991-10-11
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £27,891,832 | £21,074,351 | |
| Operating profit | £5,641,576 | £3,584,096 | |
| Profit before tax | £5,715,385 | £3,659,211 | |
| Net profit | £4,310,562 | £2,744,345 | |
| Cash | £6,018,793 | £7,106,564 | |
| Total assets less current liabilities | — | — | |
| Net assets | £4,822,801 | £7,567,146 | |
| Equity | £4,822,801 | £7,567,146 | |
| Average employees | 87 | 89 | |
| Wages | £4,804,942 | £5,077,357 |
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 | 20.2% | 17.0% | |
| Net margin | 15.5% | 13.0% | |
| Current ratio | 1.48x | 2.24x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has sufficient cash resources and the Directors therefore have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting is appropriate in preparing the annual financial statements.”
Significant events
- “A reduction in UK Government Defence spending is likely to lead to a cut in spending in the Company's core markets. The Company has sought to mitigate this in recent years by developing a more diverse portfolio of revenue streams across a number of contractual frameworks, including work outside of its traditional environs within UK Defence.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FIELD, James Stephen | Secretary | 2022-09-02 | — | — |
| MINNICAN, Grant Clark | Director | 2024-10-17 | Mar 1969 | British |
| PROSSER, John Richard | Director | 2020-06-12 | Jul 1971 | British |
| WILLIS, James Richard | Director | 2020-02-03 | Aug 1970 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MESSENT, Jon | Secretary | 2020-06-12 | 2022-08-11 |
| SPURR, Dianne Cheryl | Secretary | — | 2020-02-03 |
| NEWMAN, Michael Charles | Director | — | 2020-02-03 |
| PERRY, Reeta | Director | 2022-10-25 | 2024-10-17 |
| SPURR, Jeremy Nicholas Warwick | Director | — | 2020-06-12 |
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 | 2020-02-03 | Active |
| Mr Jeremy Nicholas Warwick Spurr | Individual | Shares 25–50%, Voting 25–50% | 2017-10-27 | Ceased 2020-02-03 |
| Mr Michael Charles Newman | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-02-03 |
Filing timeline
Last 20 of 133 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-03-22 CERTNM Certificate change of name company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-03 | AA | accounts | Accounts with accounts type full | |
| 2025-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-20 | AA | accounts | Accounts with accounts type full | |
| 2024-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-10 | AA | accounts | Accounts with accounts type full | |
| 2023-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-01-07 | AA | accounts | Accounts with accounts type full | |
| 2022-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-03-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-03-22 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-03-02 | AA | accounts | Accounts with accounts type full | |
| 2021-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-04-16 | AA | accounts | Accounts with accounts type small | |
| 2020-12-04 | CS01 | confirmation-statement | Confirmation statement with updates |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-24.4%
£27,891,832 £21,074,351
-
Cash
+18.1%
£6,018,793 £7,106,564
-
Net assets
+56.9%
£4,822,801 £7,567,146
-
Employees
+2.3%
87 89
-
Operating profit
-36.5%
£5,641,576 £3,584,096
-
Profit before tax
-36%
£5,715,385 £3,659,211
-
Wages
+5.7%
£4,804,942 £5,077,357
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