AMAG TECHNOLOGY LIMITED

1. AMAG TECHNOLOGY LIMITED 2003-03-19 → present
2. GROUP 4 SECURITAS TECHNOLOGY LIMITED 1998-12-24 → 2003-03-19
3. SECURITAS TECH LIMITED 1993-03-24 → 1998-12-24
4. GROUP 4 TECHNOLOGY LIMITED 1989-07-17 → 1993-03-24
5. DOTRING LIMITED 1989-05-10 → 1989-07-17

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unaudited (audit-exempt)

Going concern

Affirmed

“The Directors have considered this, along with the expected activities of the Company for the foreseeable future, and have reached the conclusion that the Company will be able to meet its future obligations as they fall due and the financial statements have been prepared on a going concern basis.”

Group structure

1. AMAG TECHNOLOGY LIMITED · parent
   1. Amag Technology Inc 100% · USA · Sale of access control systems

Significant events

• “The impact of the Ukraine war has been managed, and we have been able to source alternative suppliers for any affected components.”
• “Revenue was impacted by delays in capital decisions by some of our customer base, due to uncertainties in the global economies.”
• “Revenue growth for 2024 was -35% (2023: -19%), mainly due to a slowdown in the security market and general economy.”
• “In June 2023, Finance (No.2) Act 2023 was substantively enacted in the UK, introducing the OECD's Pillar Two model rules and a global minimum effective tax rate of 15% through implementation of a domestic top-up tax and a multinational top-up tax.”
• “The Company expects to be within the scope of the UK's Pillar Two legislation but has applied the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes.”

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

Filings

20

last 12 months

Capital events

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -28.5%

  £14,629,000 → £10,462,000

• Cash

  —

  Not reported

• Net assets

  -4.5%

  £14,954,000 → £14,279,000

• Employees

  —

  Not reported

• Operating profit

  -162.9%

  £1,424,000 → -£895,000

• Profit before tax

  -162.9%

  £1,424,000 → -£895,000

• Wages

  -2.8%

  £3,195,000 → £3,105,000

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