ALTAIR ENGINEERING LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. ALTAIR ENGINEERING LIMITED 1995-07-12 → present
2. DREAMCLERK LIMITED 1995-04-28 → 1995-07-12

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Hawsons Chartered Accountants

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.”

Significant events

• “The company reported a loss in 2024, albeit, this is wholly due to the exceptional item recognised in the period relating to the goodwill impairment charge following the use of the Siemens discounted cash flow methodology for the impairment review.”
• “On 30 September 2023, World Programming Limited, a subsidiary of the company, transferred its trade and assets to Altair Engineering Limited. This resulted in an impairment of the investment in World Programming Limited, which is recognised within exceptional items (note 6).”
• “On 26th March 2025, Altair Engineering Incorporated was acquired by Siemens Aktiengesellschaft.”

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

Filings

18

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +29%

  £38,335,010 → £49,437,989

• Cash

  +57.4%

  £21,478,588 → £33,815,913

• Net assets

  -88.5%

  £85,349,119 → £9,808,521

• Employees

  +2.5%

  202 → 207

• Operating profit

  +1,741%

  £105,323 → £1,939,008

• Profit before tax

  -211.6%

  £68,020,356 → -£75,891,041

• Wages

  +6.2%

  £15,757,222 → £16,726,776

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