CADENCE DESIGN SYSTEMS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-15 (in 4mo)
Last made up 2025-09-01
Watchouts
None on the register
Cash
£17M
+22% vs 2023
Net assets
£45M
+19.1% vs 2023
Employees
330
+2.2% vs 2023
Profit before tax
£12M
+29.6% vs 2023
Name history
Renamed 2 times since incorporation
- CADENCE DESIGN SYSTEMS LIMITED 1996-01-05 → present
- CADENCE EUROPE LIMITED 1990-04-06 → 1996-01-05
- FLOWBUSY LIMITED 1990-01-09 → 1990-04-06
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 | £144,262,000 | £117,086,000 | |
| Operating profit | £7,615,000 | £10,623,000 | |
| Profit before tax | £9,305,000 | £12,061,000 | |
| Net profit | £7,900,000 | £8,684,000 | |
| Cash | £14,225,000 | £17,352,000 | |
| Total assets less current liabilities | £41,551,000 | £47,311,000 | |
| Net assets | £37,888,000 | £45,134,000 | |
| Equity | £37,888,000 | £45,134,000 | |
| Average employees | 323 | 330 | |
| Wages | £29,408,000 | £31,573,000 |
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 | 5.3% | 9.1% | |
| Net margin | 5.5% | 7.4% | |
| Return on capital employed | 18.3% | 22.5% | |
| Gearing (liabilities / total assets) | 54.4% | 44.7% | |
| Current ratio | 1.94x | 2.32x | |
| Interest cover | 304.60x | 424.92x |
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
- PricewaterhouseCoopers
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Significant events
- “There have been no significant events since the balance sheet date that the directors believe require adjustment to, or disclosure in the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELLIFFE, Amanda Jane | Director | 2015-03-27 | Feb 1976 | Irish |
| KING, Blake | Director | 2020-05-19 | Feb 1964 | American |
| OZAWA, Dean | Director | 2020-05-19 | May 1964 | American |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARTWRIGHT, Martin Andrew | Secretary | 1992-09-23 | 1996-09-19 |
| HAIR, Victoria Lee | Secretary | 2009-07-20 | 2012-12-31 |
| PAGE, Nicholas John | Secretary | — | 1991-09-30 |
| PAHLJINA, Christopher Joseph | Secretary | 1999-11-29 | 2009-07-20 |
| PEILE, John Robin Kitchener | Secretary | 1991-12-05 | 1992-09-23 |
| ROBICHAUX, Floyd Joseph | Secretary | 1991-09-03 | 1991-12-05 |
| STAPLEY, Marc Andrew | Secretary | 1996-09-19 | 1999-11-29 |
| BINGHAM, Heber Raymond | Director | 1993-11-01 | 2005-01-06 |
| BUSHBY, Kevin | Director | 1995-12-21 | 2002-02-15 |
| CARTWRIGHT, Martin Andrew | Director | 1992-09-23 | 1996-09-19 |
| COSTELLO, Joseph Ball | Director | — | 1997-10-19 |
| COWIE, James Judson | Director | 2008-08-29 | 2020-05-19 |
| D'EYSSAUTIER, Guillaume | Director | 2002-08-01 | 2005-02-25 |
| FERNANDEZ, Mervyn Cajetan | Director | 2002-02-14 | 2003-02-28 |
| HAIR, Victoria Lee | Director | 2009-07-20 | 2012-12-31 |
| HARVERSON, Peter George | Director | 1992-09-23 | 1994-02-14 |
| HELLER, Peter John | Director | — | 1993-03-02 |
| KELLY, Thomas Francis | Director | 1992-12-28 | 1993-09-30 |
| LEBLANC, Leonard Joseph | Director | — | 1992-12-28 |
| MCKEITHEN, Robert Lee Smith | Director | 1998-03-16 | 2008-08-29 |
| NICHOL, Dominic Paul | Director | — | 1992-09-23 |
| NORTHWOOD, Michael Alan | Director | — | 1992-09-23 |
| PAHLJINA, Christopher Joseph | Director | 2005-02-28 | 2009-07-20 |
| PALTNIK, Kevin Scott | Director | 2008-08-29 | 2010-11-01 |
| PORTER, William | Director | 2005-01-06 | 2008-08-29 |
| RADIA, Suresh Rugnath | Director | 2005-09-29 | 2007-02-28 |
| RIBAR, Geoffrey George, Mr. | Director | 2010-12-16 | 2017-10-01 |
| SEGEV, Sharon | Director | 2010-12-18 | 2011-11-21 |
| TALBOT, Paul John | Director | 2003-02-28 | 2005-08-31 |
| WALL, John Michael | Director | 2007-03-12 | 2020-05-19 |
| WHITE, Mark Robert | Director | 1997-02-12 | 1998-03-16 |
| YATES, Ian Francis Penderel | Director | — | 1996-04-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cadence Design Systems, Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 185 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-27 | AA | accounts | Accounts with accounts type full | |
| 2024-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-02 | AA | accounts | Accounts with accounts type full | |
| 2023-09-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-08 | AA | accounts | Accounts with accounts type full | |
| 2022-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-15 | AA | accounts | Accounts with accounts type full | |
| 2022-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-19 | AA | accounts | Accounts with accounts type full | |
| 2020-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2020-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2020-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2020-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2019-12-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-12 | AA | accounts | Accounts with accounts type full | |
| 2018-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-12-19 | CH01 | officers | Change person director company with change date |
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
-18.8%
£144,262,000 £117,086,000
-
Cash
+22%
£14,225,000 £17,352,000
-
Net assets
+19.1%
£37,888,000 £45,134,000
-
Employees
+2.2%
323 330
-
Operating profit
+39.5%
£7,615,000 £10,623,000
-
Profit before tax
+29.6%
£9,305,000 £12,061,000
-
Wages
+7.4%
£29,408,000 £31,573,000
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