EA TECHNOLOGY LIMITED

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. EA TECHNOLOGY LIMITED 1993-05-04 → present
2. ELECTRICITY ASSOCIATION TECHNOLOGY LIMITED 1991-05-07 → 1993-05-04
3. NEATRANDOM LIMITED 1990-12-07 → 1991-05-07

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

Consolidated group

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have reviewed the Group's current financial position, cash flow forecasts and projections for at least twelve months from the date of approval of these financial statements. After considering current trading performance, and available cash resources, the directors have an expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.”

Group structure

1. EA TECHNOLOGY LIMITED · parent
   1. Visnet Limited 1% · England
   2. EA Technology PTY Limited 1% · Australia
   3. EA Technology Asset Management Pte Ltd 1% · Singapore
   4. EA Technology LLC 1% · USA
   5. EA Technology Shanghai Limited 1% · China

Significant events

• “Following the acquisition by Summa Equity AB on 8th October 2024, certain senior management employees were invited to participate in a Management Incentive Plan (MIP).”
• “In connection with the acquisition, an Employee Benefit Trust (EBT) was established for the benefit of employees who do not participate in the MIP scheme.”
• “During the year, the Group incurred £2,276,000 of exceptional costs associated with the acquisition of the Group by Summa Electric BidCo Limited on 8 October 2024 whose ultimate parent is Summa Equity AB.”
• “The ESOT was closed on 8th October 2024 following the acquisition of the Group by Summa Equity AB.”
• “On 25th July 2024 the company purchased 919,118 ordinary shares into Treasury for a value of £1,825,000. On 8th October 2024 3,583,132 treasury shares were cancelled leaving 661,043 treasury shares remaining at a value of £1,313,000.”
• “Subsequent to the year end, this loan was converted into equity at par value. Resulting in the issue of new share capital. Following this conversion, the Group no longer has any outstanding liabilities in respect of this loan.”

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

Filings

6

last 12 months

Capital events

2

last 24 months

Officers appointed

0

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

  -1.7%

  £47,876,000 → £47,063,000

• Cash

  +120.4%

  £3,466,000 → £7,640,000

• Net assets

  -0.1%

  £12,422,000 → £12,411,000

• Employees

  +19.8%

  253 → 303

• Operating profit

  -63.1%

  £5,315,000 → £1,959,000

• Profit before tax

  -61.2%

  £5,256,000 → £2,037,000

• Wages

  +22.4%

  £13,993,000 → £17,134,000

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