ULTRA ELECTRONICS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-05 (in 3mo)
Last made up 2025-07-22
Watchouts
None on the register
Cash
£108M
+3,911.1% vs 2023
Net assets
£262M
+42.9% vs 2023
Employees
12
-50% vs 2023
Profit before tax
£107M
+202.3% vs 2023
Name history
Renamed 1 time since incorporation
- ULTRA ELECTRONICS LIMITED 1993-08-13 → present
- OVAL (882) LIMITED 1993-06-25 → 1993-08-13
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | £11,300,000 | £900,000 | |
| Profit before tax | £35,400,000 | £107,000,000 | |
| Net profit | £22,400,000 | £103,900,000 | |
| Cash | £2,700,000 | £108,300,000 | |
| Total assets less current liabilities | £192,900,000 | £298,300,000 | |
| Net assets | £183,500,000 | £262,200,000 | |
| Equity | £183,500,000 | £262,200,000 | |
| Average employees | 24 | 12 | |
| Wages | £2,800,000 | £2,100,000 |
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 |
|---|---|---|---|
| Return on capital employed | 5.9% | 0.3% | |
| Gearing (liabilities / total assets) | 31.9% | 17.2% | |
| Current ratio | 0.66x | 3.24x | |
| Interest cover | — | 0.82x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 company's ability to continue as a going concern for a period to 30 September 2026.”
Group structure
- ULTRA ELECTRONICS LIMITED · parent
- Ultra PCS Limited 100%
- Ultra Cyber Limited 100%
- Ultra I&C Limited 100%
- Ultra PMES Limited 100%
- Ultra Sonar Systems Limited 100%
- Ultra Electronics CEMS Limited 100%
- Ultra EWST Limited 100%
Significant events
- “The disposal of the SMaP business was announced on 8 July 2024 for a purchase price of $550 million. This includes the directly held subsidiary Ultra PMES Limited. Completion of the transaction occurred on 25 April 2025.”
- “On 15 June 2025 the Group signed a Share Purchase Agreement with Eaton Corporation Plc to sell the PCS business, including direct subsidiary Ultra PCS Limited and indirect subsidiary Ultra Electronics CEMS Limited, for a purchase price of $1.55bn. The transaction is subject to regulatory approval and is expected to close late 2025 - early 2026.”
- “Following the sale of Ultra Nuclear Limited on 31 December 2024, in January 2025 the company declared a dividend of £79.8m to be paid in cash as well as a dividend in kind of £22.6m which comprised an amount receivable from another entity within the Group.”
- “Following the completion of the disposal of the SMaP business on 25 April 2025 the Company declared a dividend of £140.4m to be paid in cash as well as a dividend in kind of £16.3m which comprised an amount receivable from another entity within the Group.”
- “In June 2025 the Trustees of the Ultra Electronics Pension Scheme entered an agreement with the Just Group to insure the Scheme liabilities. This agreement will be fully satisfied by transferring Pension Scheme assets of approximately £250m to the Just Group in return for the insurance policy. No adjustment has been recorded within these financial statements to reflect this transaction.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 41 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KIRK, Graham Henry | Secretary | 2022-12-09 | — | — |
| KIRK, Graham Henry | Director | 2022-11-10 | Nov 1978 | British |
| LEWIS, Sven Evan | Director | 2023-10-30 | Apr 1973 | British |
Show 41 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLOGH, Julian, Doctor | Secretary | 1993-09-16 | 1993-11-22 |
| GARBETT-EDWARDS, David | Secretary | 2009-04-16 | 2012-04-25 |
| HARRIS, Sharon | Secretary | 2012-04-25 | 2018-01-02 |
| JEFFCOAT, David John | Secretary | 2000-07-24 | 2009-04-16 |
| PRAKASH, Anant | Secretary | 2018-01-03 | 2021-03-18 |
| RUPPEL, Brenda Louise | Secretary | 2021-03-18 | 2022-12-09 |
| YEOMAN, Ian Christopher | Secretary | 1993-08-17 | 2000-07-24 |
| OVALSEC LIMITED | Corporate Nominee Secretary | 1993-06-25 | 1993-08-17 |
| ANDERSON, Mark, Rear Admiral | Director | 2012-03-05 | 2017-06-01 |
| BAPTIST, Michael | Director | 2018-01-19 | 2022-08-31 |
| BLOGH, Julian, Doctor | Director | 1993-08-17 | 2005-08-05 |
| CASHIN, Richard John | Director | 2021-03-18 | 2022-01-31 |
| CASTER, Douglas | Director | 2018-01-02 | 2018-06-18 |
| CASTER, Douglas | Director | 1993-11-26 | 2011-04-21 |
| COLES, Raymond William | Director | 1993-11-25 | 2005-07-11 |
| DEAN, Paul David | Director | 2009-04-16 | 2013-03-31 |
| EVANS, Philip Stephen | Director | 2009-03-18 | 2013-12-09 |
| GANE, Christopher Nigel | Director | 2013-12-09 | 2015-03-30 |
| HAMMENT, Andrew Norman | Director | 1993-11-30 | 2012-03-05 |
| HENRY, Robert William | Director | 2009-03-18 | 2014-07-10 |
| HOPE, Frank, Dr | Director | 1995-03-17 | 2008-07-31 |
| IZQUEIRDO, Stephen | Director | 2021-03-18 | 2022-12-09 |
| JEFFCOAT, David John | Director | 2000-07-24 | 2009-04-16 |
| LANE, Richard George | Director | 1993-10-09 | 2000-08-17 |
| MASSON, James Mcintosh | Director | 1993-11-22 | 1997-12-11 |
| MASTERS, Michael Philip | Director | 1993-11-22 | 1997-02-14 |
| PAIN, Brendan Gerald Patrick | Director | 1993-11-22 | 2002-03-28 |
| PRYCE, Simon Charles Conrad | Director | 2018-06-18 | 2022-12-09 |
| ROTHWELL, Bridget Mary | Director | 2022-11-10 | 2023-03-31 |
| SANTIAGO, Carlos Ricardo | Director | 2018-01-19 | 2019-03-21 |
| SCLATER, Mark Josceline | Director | 2019-12-16 | 2022-12-09 |
| SHARMA, Amitabh | Director | 2016-05-04 | 2019-12-31 |
| SHARMA, Rakesh | Director | 2009-03-18 | 2017-11-10 |
| STACEY, Graeme David | Director | 2011-04-21 | 2020-04-30 |
| TAYLOR, John | Director | 1993-08-17 | 1999-02-28 |
| THOMSON, Keith | Director | 2009-03-18 | 2017-05-31 |
| WALDNER, Mary Elizabeth | Director | 2013-07-01 | 2016-03-16 |
| WEBB, Richard David Robert | Director | 2022-12-09 | 2023-10-30 |
| YEOMAN, Ian Christopher | Director | 1993-08-17 | 2000-07-24 |
| OVAL NOMINEES LIMITED | Corporate Nominee Director | 1993-06-25 | 1993-08-17 |
| OVALSEC LIMITED | Corporate Nominee Director | 1993-06-25 | 1993-08-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ultra Electronics Uk Holdings Limited | Corporate entity | Shares 75–100% | 2023-04-26 | Active |
| Ultra Electronics Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-04-26 |
Filing timeline
Last 20 of 228 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-28 | AA | accounts | Accounts with accounts type full | |
| 2025-03-22 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-03-04 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-11-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-07-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-05-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-04-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-19 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
—
Not reported
-
Cash
+3,911.1%
£2,700,000 £108,300,000
-
Net assets
+42.9%
£183,500,000 £262,200,000
-
Employees
-50%
24 12
-
Operating profit
-92%
£11,300,000 £900,000
-
Profit before tax
+202.3%
£35,400,000 £107,000,000
-
Wages
-25%
£2,800,000 £2,100,000
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