AVID PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-12 (in 10mo)
Last made up 2026-02-26
Watchouts
None on the register
Cash
£2M
+9.2% highest in 3 filed years
Net assets
£2M
+24.6% vs 2023
Employees
22
+46.7% vs 2023
Profit before tax
£551K
-0.4% vs 2023
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £1,770,868 | £1,964,529 | |
| Operating profit | — | — | — | £544,304 | £532,245 | |
| Profit before tax | — | — | — | £552,955 | £550,714 | |
| Net profit | — | — | — | £418,983 | £395,019 | |
| Cash | — | — | £1,017,532 | £1,443,997 | £1,577,501 | |
| Total assets less current liabilities | — | — | — | £1,632,366 | £2,061,065 | |
| Net assets | — | — | — | £1,603,567 | £1,998,586 | |
| Equity | — | — | £815,574 | £1,603,567 | £1,998,586 | |
| Average employees | — | — | — | 15 | 22 | |
| Wages | — | — | — | £439,803 | £477,517 |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 30.7% | 27.1% | |
| Net margin | — | — | — | 23.7% | 20.1% | |
| Return on capital employed | — | — | — | 33.3% | 25.8% | |
| Gearing (liabilities / total assets) | — | — | — | 1.8% | 2.1% | |
| Current ratio | — | — | — | 7.62x | 6.03x | |
| Interest cover | — | — | — | 763.40x | — |
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
- Consolidated group
- Auditor
- James Todd and Co Limited
- 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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- AVID PLC · parent
- Pet-ID Microchips Ltd 100%
- Chipworks Data Ltd 100%
- The Chipworks Ltd 100%
- Pettrac Limited 100%
Significant events
- “The group was newly formed during the year following the acquisition of two competitors (three companies).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TROESCH, Peter | Secretary | 1999-04-01 | — | American |
| CLARK, Simon James | Director | 2017-12-27 | Jun 1979 | British |
| TROESCH, Peter | Director | 1992-10-30 | May 1954 | American |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FRY, Richard Harry | Secretary | 1992-02-26 | 1999-03-31 |
| SAME-DAY COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 1992-02-26 | 1992-02-26 |
| BROWN, Maurice Arthur | Director | 1996-01-01 | 1996-10-07 |
| FINN, Paul | Director | 1996-01-01 | 2001-08-22 |
| FRY, Richard Harry | Director | 1992-02-26 | 1999-03-31 |
| GOODHIND, Richard Edward Nigel | Director | 1992-06-20 | 1993-03-01 |
| HOWE, John Sutton | Director | 1992-02-26 | 1992-11-12 |
| STODDARD III, Hannis | Director | 2002-03-01 | 2017-12-27 |
| WILDMAN & BATTELL LIMITED | Corporate Nominee Director | 1992-02-26 | 1992-02-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter Troesch | Individual | Significant influence | 2023-09-13 | Ceased 2023-09-13 |
| Mr Peter Troesch | Individual | Significant influence | 2023-09-13 | Active |
| Avid Identification Systems Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-09-13 |
| Hannis Stoddard Iii | Individual | ownership-of-shares-50-to-75-percent-as-firm, Voting 50–75%, right-to-appoint-and-remove-directors-as-firm | 2016-04-06 | Ceased 2017-12-27 |
| Peter Troesch | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-12-27 |
| Peter Troesch | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 132 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-03 | CH03 | officers | Change person secretary company with change date | |
| 2026-03-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-02 | CH01 | officers | Change person director company with change date | |
| 2025-06-26 | AA | accounts | Accounts with accounts type group | |
| 2025-03-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-26 | AA | accounts | Accounts with accounts type full | |
| 2024-02-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-13 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-09-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-06-29 | AA | accounts | Accounts with accounts type full | |
| 2023-04-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-04-21 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-29 | AA | accounts | Accounts with accounts type full | |
| 2022-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-01 | AA | accounts | Accounts with accounts type full | |
| 2021-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-01 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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
+10.9%
£1,770,868 £1,964,529
-
Cash
+9.2%
£1,443,997 £1,577,501
highest in 3 filed years
-
Net assets
+24.6%
£1,603,567 £1,998,586
-
Employees
+46.7%
15 22
-
Operating profit
-2.2%
£544,304 £532,245
-
Profit before tax
-0.4%
£552,955 £550,714
-
Wages
+8.6%
£439,803 £477,517
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