METIR PLC

1. METIR PLC 2025-02-11 → present
2. MICROSAIC SYSTEMS PLC 2011-04-01 → 2025-02-11
3. MICROSAIC SYSTEMS LIMITED 2001-02-23 → 2011-04-01
4. DYNAMIC JEWELS LIMITED 1998-05-21 → 2001-02-23

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

UK adopted international accounting standards (FRS 101)

Reporting scope

Consolidated group

Auditor

James Cowper Kreston Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having considered the forecasts noted above, the mitigating actions available to management, recent trading performance and having regard to the macroeconomic risks and uncertainties to which the Group is exposed, the Directors have a reasonable expectation that the Group and parent Company has adequate resources to continue operating for the foreseeable future and to operate for a period of at least 12 months from the date of the approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern basis.”

Group structure

1. METIR PLC · parent
   1. Modern Water (U.K.) Limited 1% · UK · Operating Company
   2. Microsaic Systems Trading Limited 1% · UK · Operating Company

Significant events

• “In January 2024, Metir plc (then known as Microsaic Systems plc) acquired the business assets of Modern Water (U.K.) Limited. This transaction acted as a catalyst for a comprehensive reset and stabilisation of the business model.”
• “The rebranding to Metir plc post year-end in February 2025 reinforces this transformation, reflecting the much wider business capabilities of the Group.”
• “In December 2024, the Group began production and shipping of the redesigned Micro Tox® LX instrument.”
• “Post period end, in June 2025, the Group successfully raised £780,000 gross through a placing, with an intended Director subscription in July 2025 following publication of this Annual Report.”

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

Filings

2

last 12 months

Capital events

5

last 24 months

Officers appointed

0

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

  -52.8%

  £492,000 → £232,000

• Cash

  +8.7%

  £173,000 → £188,000

• Net assets

  +27.8%

  £144,000 → £184,000

• Employees

  -77.8%

  18 → 4

• Operating profit

  +33.6%

  -£2,583,000 → -£1,715,000

• Profit before tax

  +26%

  -£2,597,000 → -£1,922,000

• Wages

  -73.2%

  £986,000 → £264,000

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