X P PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-20 (in 5mo)
Last made up 2025-10-06
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£12M
+17.3% vs 2023
Employees
107
-15.1% vs 2023
Profit before tax
£2M
+176.5% vs 2023
Name history
Renamed 1 time since incorporation
- X P PLC 1988-11-01 → present
- POINTCHIEF PUBLIC LIMITED COMPANY 1988-09-20 → 1988-11-01
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £18,735,000 | £11,862,000 | |
| Operating profit | £118,000 | -£200,000 | |
| Profit before tax | -£2,482,000 | £1,899,000 | |
| Net profit | -£2,554,000 | £1,815,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £11,425,000 | £13,764,000 | |
| Net assets | £10,482,000 | £12,297,000 | |
| Equity | £10,482,000 | £12,297,000 | |
| Average employees | 126 | 107 | |
| Wages | £7,219,000 | £6,273,000 |
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 | 0.6% | -1.7% | |
| Net margin | -13.6% | 15.3% | |
| Return on capital employed | 1.0% | -1.5% | |
| Gearing (liabilities / total assets) | 66.5% | 65.1% | |
| Current ratio | 1.21x | 1.32x | |
| Interest cover | 1.07x | -2.06x |
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 have formed a judgement, at the time of approving the financial statements, that there is a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of this report. For this reason, the directors continue to adopt the going concern basis in preparing the company financial statements.”
Group structure
- X P PLC · parent
- XP Power Holdings Limited 100%
- XP Engineering Services Limited 100%
- XP Electronics Limited 100%
- Powersolve Electronics Limited 90.6%
- XP Power SA 16.5%
- XP Energy Systems Limited 100%
- Safety Power Group Limited 100%
- Hanatomic Engineering Support 100%
- XP Power Srl 100%
- XP Power ApS 100%
- XP Power Sweden AB 100%
- XP Power GmbH 100%
- XP Power SA 83.5%
- XP Power Norway AS 100%
- Glassman Europe Limited 100%
Significant events
- “During the year the Company made the decision to close its UK warehouse and consolidate into the European hub in Germany.”
- “The provision for an onerous lease arose during the year ended 31 December 2024 with the decision to cease operations at the UK distribution warehouse.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARTWRIGHT, Ruth Amy | Secretary | 2022-05-13 | — | — |
| GRIGGS, Gavin Peter | Director | 2020-07-03 | Apr 1971 | British |
| WEBB, Matthew John | Director | 2023-09-12 | Jan 1974 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARTLETT, Roger Anthony John | Secretary | 1997-04-22 | 2000-07-03 |
| HONEYMAN, Anne Macdonald | Secretary | 2003-09-19 | 2012-10-01 |
| MANN, Terence William | Secretary | — | 1995-12-01 |
| PENNY, Duncan John | Secretary | 2000-07-03 | 2003-09-19 |
| RHODES, Jonathan Simon | Secretary | 2012-10-01 | 2022-05-13 |
| TRACEY, Lawrence Barry | Secretary | 1995-12-01 | 1997-04-22 |
| AMOS, Stuart Roland | Director | 1998-01-20 | 2000-07-03 |
| BARTLETT, Richard | Director | 1997-12-31 | 2018-05-04 |
| BARTLETT, Roger Anthony John | Director | 1998-01-20 | 2000-07-03 |
| BOCOCK, Gary Robin | Director | 1997-12-31 | 2020-07-03 |
| BRABHAM, Martin Thomas | Director | 2003-11-27 | 2016-03-04 |
| ELLIOT, Stephen Mark | Director | 2000-11-06 | 2020-07-03 |
| ENGLISH, Brian Jude | Director | 2001-10-12 | 2002-09-13 |
| GARNER, Paul Martin | Director | 2006-12-19 | 2020-07-03 |
| GORDON, Edward Peter | Director | 1996-12-31 | 1998-11-30 |
| HEAD, John Edward | Director | 1994-08-01 | 1995-09-19 |
| HEAD, Steven William | Director | 1997-12-31 | 2020-07-03 |
| HENDERSON, Jamie Scott | Director | 1996-12-31 | 2001-02-12 |
| HONEYMAN, Anne Macdonald | Director | 2006-09-13 | 2020-07-03 |
| MANN, Terence William | Director | — | 1995-12-01 |
| MCMILLAN, James | Director | 1995-12-31 | 2002-04-30 |
| MOSS, Sharon | Director | 2000-03-08 | 2005-04-21 |
| PENNY, Duncan John | Director | 2000-07-03 | 2021-08-02 |
| PETERS, James Edward | Director | — | 2012-05-01 |
| ROBINSON, Steve William | Director | 1998-11-06 | 2005-03-10 |
| STIBBS, David Michael | Director | 2023-03-31 | 2023-09-12 |
| SWANN, Edward Michael | Director | 1995-12-31 | 2014-03-24 |
| TRACEY, Lawrence Barry | Director | — | 2012-05-01 |
| WILLIS, Steven James | Director | 2003-11-27 | 2016-01-05 |
| ZAHN, Oskar | Director | 2021-08-02 | 2023-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Xp Power Plc | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 214 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-24 MA Memorandum articles
- 2025-10-24 RESOLUTIONS Resolution
- 2022-06-01 MA Memorandum articles
- 2022-06-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-04 | SH01 | capital | Capital allotment shares | |
| 2025-10-24 | MA | incorporation | Memorandum articles | |
| 2025-10-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-03 | AA | accounts | Accounts with accounts type full | |
| 2024-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-10-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-21 | AA | accounts | Accounts with accounts type full | |
| 2023-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-01 | MA | incorporation | Memorandum articles | |
| 2022-06-01 | RESOLUTIONS | resolution | Resolution | |
| 2022-05-31 | AA | accounts | Accounts with accounts type full | |
| 2022-05-27 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-05-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- 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
-36.7%
£18,735,000 £11,862,000
-
Cash
—
Not reported
-
Net assets
+17.3%
£10,482,000 £12,297,000
-
Employees
-15.1%
126 107
-
Operating profit
-269.5%
£118,000 -£200,000
-
Profit before tax
+176.5%
-£2,482,000 £1,899,000
-
Wages
-13.1%
£7,219,000 £6,273,000
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