ELCOM SYSTEMS LIMITED

1. ELCOM SYSTEMS LIMITED 2002-01-02 → present
2. ELCOM HOLDINGS LIMITED 1997-01-20 → 2002-01-02
3. LANTEC HOLDINGS LIMITED 1993-10-01 → 1997-01-20
4. BJKP HOLDINGS LIMITED 1993-08-13 → 1993-10-01
5. GOULDITAR NO. 292 LIMITED 1993-07-22 → 1993-08-13

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

Standalone (parent only)

Auditor

Clifford Towers

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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 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.”

Significant events

• “Elcom continued to produce strong financial performance with turnover in line with the prior year at £8,674,040 (2023: £7,537,923). As a result of a continued focus on efficiency operating profit was also up substantially to £1,772,634 (2023: £390,499). This is also reflected in a notable increase in EBITDA to £1,936,540 (2023: £903,304).”
• “The retention of existing customers remains of vital importance to both short term revenue and long term value protection. Therefore, it was encouraging that the Company has generally maintained its high level of renewals, particularly in the current economic climate.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +15.1%

  £7,537,923 → £8,674,040

• Cash

  +10.9%

  £6,979,686 → £7,740,898

  highest in 4 filed years

• Net assets

  +21.7%

  £8,317,182 → £10,125,880

  highest in 4 filed years

• Employees

  -3.6%

  55 → 53

• Operating profit

  +353.9%

  £390,499 → £1,772,634

• Profit before tax

  +315.7%

  £444,376 → £1,847,118

• Wages

  +5.1%

  £3,113,093 → £3,270,531

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