CGTECH LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-25 (in 1mo)
Last made up 2025-06-11
Watchouts
None on the register
Cash
£4M
+37.2% vs 2023
Net assets
£4M
+33.8% vs 2023
Employees
20
+11.1% vs 2023
Profit before tax
£1M
+62.5% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £5,130,000 | £5,605,000 | |
| Operating profit | £698,000 | £1,102,000 | |
| Profit before tax | £725,000 | £1,178,000 | |
| Net profit | £551,000 | £885,000 | |
| Cash | £3,030,000 | £4,158,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £2,618,000 | £3,503,000 | |
| Equity | £2,618,000 | £3,503,000 | |
| Average employees | 18 | 20 | |
| Wages | £1,389,000 | £1,561,000 |
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 |
|---|---|---|---|
| Operating margin | 13.6% | 19.7% | |
| Net margin | 10.7% | 15.8% | |
| Gearing (liabilities / total assets) | 57.8% | 51.2% | |
| Current ratio | 1.72x | 1.95x | |
| Interest cover | 232.67x | 1102.00x |
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
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is financed by banking facilities accessed through a UK group cash pooling arrangement operated by the Company's ultimate parent undertaking. The Company's forecasts and projections, taking account of reasonably possible changes in performance, show that the Company is able to meet its liabilities as they fall due for at least the next 12 months. The directors have reasonable expectations that the Company has adequate resources, with support from its ultimate parent undertaking and the wider group, to continue in operational existence for the foreseeable future. In making this assessment, the directors have also considered the ability of the parent and the group to forecast and provide the necessary support. Therefore, the Company continues to adopt the going concern basis in preparing its financial statements.”
Significant events
- “There have been no significant events affecting the company since the balance sheet date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PATEL, Dipak | Secretary | 2021-02-05 | — | — |
| MAGNUSSON, Daniel Rickard Alexander | Director | 2025-01-02 | Aug 1974 | Swedish |
| POWELL, Gavin Christopher | Director | 2020-06-10 | Sep 1966 | British |
| RONNIE, Alison Mary | Director | 2021-02-05 | Nov 1968 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| READ, Karen Elizabeth | Secretary | 1998-06-24 | 2015-10-16 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Secretary | 1998-06-11 | 1998-06-24 |
| REED, John Thomas | Director | 1998-06-24 | 2018-05-01 |
| SHREWSBURY, Tony Stephen | Director | 2022-01-05 | 2022-05-16 |
| SHREWSBURY, Tony Stephen | Director | 2016-10-10 | 2022-01-04 |
| COMBINED NOMINEES LIMITED | Corporate Nominee Director | 1998-06-11 | 1998-06-24 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Director | 1998-06-11 | 1998-06-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sandvik Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-12-30 | Active |
| Cgtech Inc | Corporate entity | Shares 75–100% | 2016-06-11 | Ceased 2020-12-30 |
Filing timeline
Last 20 of 82 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-12-18 MA Memorandum articles
- 2023-12-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-20 | AA | accounts | Accounts with accounts type full | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-18 | MA | incorporation | Memorandum articles | |
| 2023-12-18 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2023-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-16 | AA | accounts | Accounts with accounts type full | |
| 2022-06-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-29 | CH01 | officers | Change person director company with change date | |
| 2022-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-22 | AA | accounts | Accounts with accounts type small | |
| 2021-06-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-02-12 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2021-01-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
+9.3%
£5,130,000 £5,605,000
-
Cash
+37.2%
£3,030,000 £4,158,000
-
Net assets
+33.8%
£2,618,000 £3,503,000
-
Employees
+11.1%
18 20
-
Operating profit
+57.9%
£698,000 £1,102,000
-
Profit before tax
+62.5%
£725,000 £1,178,000
-
Wages
+12.4%
£1,389,000 £1,561,000
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