PULSE POWER AND MEASUREMENT LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-03-15 (in 10mo)
Last made up 2026-03-01
Watchouts
None on the register
Cash
£3M
+7.1% vs 2024
Net assets
£2M
+161.2% vs 2024
Employees
84
+7.7% vs 2024
Profit before tax
£3M
+161.6% vs 2024
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £15,198,000 | £15,515,000 | |
| Operating profit | £1,110,000 | £1,356,000 | |
| Profit before tax | £1,125,000 | £2,943,000 | |
| Net profit | £877,000 | £2,339,000 | |
| Cash | £2,950,000 | £3,159,000 | |
| Total assets less current liabilities | £2,316,000 | £3,551,000 | |
| Net assets | £907,000 | £2,369,000 | |
| Equity | £907,000 | £2,369,000 | |
| Average employees | 78 | 84 | |
| Wages | £4,730,000 | £5,150,000 |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 7.3% | 8.7% | |
| Net margin | 5.8% | 15.1% | |
| Return on capital employed | 47.9% | 38.2% | |
| Gearing (liabilities / total assets) | 92.6% | 84.8% | |
| Current ratio | -0.73x | -0.90x | |
| Interest cover | 37.00x | 45.20x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis, notwithstanding net current liabilities of £1,396k. The Company is dependent for its working capital on funds provided to it by BAE Systems plc, the Company's ultimate parent. BAE Systems plc has indicated that, for at least 12 months from the date of approval of these financial statements, it will continue to make available funds as are needed by the Company to meet its liabilities as they fall due and in particular will not seek repayment of amounts currently made available. The directors consider that this should enable the Company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment.”
Group structure
- PULSE POWER AND MEASUREMENT LIMITED · parent
- PULSE POWER AND MEASUREMENT INC 100%
Significant events
- “There have been no significant events affecting the Company since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAE SYSTEMS CORPORATE SECRETARY LIMITED | Corporate Secretary | 2025-07-15 | — | — |
| ATHA, Stuart David, Sir | Director | 2021-03-02 | Apr 1962 | British |
| JOHNSON, Matthew | Director | 2025-01-28 | Aug 1985 | British |
| RYAN, Martin Edward, Dr | Director | 2006-12-01 | Jun 1970 | British |
| SEAGER, Neil Edward | Director | 1994-08-25 | Jul 1961 | British |
| SNAITH, Annabel Catherine Eleanor | Director | 2026-04-24 | Jan 1984 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOLDING, Anne-Louise | Secretary | 2021-03-02 | 2024-12-18 |
| LARCOMBE, Mandy Jane | Secretary | 1994-08-25 | 1998-10-22 |
| PETERS, Julie Rosalyn | Secretary | 1998-10-22 | 2003-04-28 |
| PRIOR, Katherine Alexandra | Secretary | 2024-12-18 | 2025-07-15 |
| SEAGER, Philippa Jane | Secretary | 2003-04-28 | 2021-03-02 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Secretary | 1994-08-25 | 1994-08-25 |
| BRICE, Christopher | Director | 2007-12-01 | 2016-02-12 |
| BROMLEY, Daniel James | Director | 2018-10-01 | 2021-03-02 |
| CHECKLEY, Richard | Director | 2022-06-15 | 2026-03-13 |
| FOTHERGILL, James Edward | Director | 2021-03-02 | 2025-01-22 |
| JACKLIN, Richard Anthony | Director | 2020-05-01 | 2021-03-02 |
| MORGAN, Adam William | Director | 2021-03-02 | 2022-06-15 |
| NEWELL, Richard Hugh | Director | 1999-01-01 | 2006-01-04 |
| REID, Robert Ferguson, Dr | Director | 2018-08-28 | 2021-03-02 |
| SEAGER, Philippa Jane | Director | 2015-07-01 | 2021-03-02 |
| SURMAN, Philip William | Director | 2013-06-03 | 2021-03-02 |
| COMBINED NOMINEES LIMITED | Corporate Nominee Director | 1994-08-25 | 1994-08-25 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Director | 1994-08-25 | 1994-08-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bae Systems (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-03-02 | Active |
| Mr Neil; Edward Seager | Individual | Shares 50–75%, Voting 50–75%, Appoints directors, Significant influence | 2016-04-06 | Ceased 2021-03-02 |
| Mrs Philippa Jane Seager | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
| Dr Martin Edward Ryan | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
| Mr Philip William Surman | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 156 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-08 | AA | accounts | Accounts with accounts type full | |
| 2026-04-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-07-18 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-07-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-07 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-12-19 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-08-09 | AA | accounts | Accounts with accounts type full | |
| 2024-03-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-13 | CH01 | officers | Change person director company with change date | |
| 2023-12-13 | CH01 | officers | Change person director company with change date | |
| 2023-12-11 | CH03 | officers | Change person secretary company with change date | |
| 2023-12-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-08-16 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
+2.1%
£15,198,000 £15,515,000
-
Cash
+7.1%
£2,950,000 £3,159,000
-
Net assets
+161.2%
£907,000 £2,369,000
-
Employees
+7.7%
78 84
-
Operating profit
+22.2%
£1,110,000 £1,356,000
-
Profit before tax
+161.6%
£1,125,000 £2,943,000
-
Wages
+8.9%
£4,730,000 £5,150,000
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