PSICON LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-26 (in 3mo)
Last made up 2025-08-12
Watchouts
None on the register
Cash
£3M
-63.4% vs 2023
Net assets
£5M
+33.6% highest in 5 filed years
Employees
118
+25.5% highest in 6 filed years
Profit before tax
£7M
+397.3% vs 2023
Net assets
6-year trend · vs Health Care median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £12,937,000 | £22,338,000 | |
| Operating profit | — | — | — | — | -£2,418,000 | £7,151,000 | |
| Profit before tax | — | — | — | — | -£2,405,000 | £7,151,000 | |
| Net profit | — | — | — | — | -£1,535,000 | £5,857,000 | |
| Cash | £681,943 | £1,141,528 | £2,635,661 | £5,512,792 | £8,313,000 | £3,040,000 | |
| Total assets less current liabilities | £2,093,342 | £2,680,749 | — | £5,017,339 | £3,890,000 | £5,285,000 | |
| Net assets | £1,462,996 | £2,092,112 | — | £4,966,946 | £3,890,000 | £5,196,000 | |
| Equity | £1,462,996 | £2,092,112 | — | £4,966,946 | £3,890,000 | £5,196,000 | |
| Average employees | 55 | 57 | 60 | 60 | 94 | 118 | |
| Wages | — | — | — | — | £2,681,000 | £4,108,000 |
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 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -18.7% | 32.0% | |
| Net margin | — | — | — | — | -11.9% | 26.2% | |
| Return on capital employed | — | — | — | — | -62.2% | 135.3% | |
| Current ratio | — | — | — | — | 1.53x | 2.84x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared a reverse stress test that considers how low revenue and gross margin growth rates would have to be, and how much additional overhead costs could be sustained before putting going concern at risk. The sensitivities required are considered sufficiently unlikely and the directors would have the ability to mitigate the scenarios considered. As such, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and have therefore concluded that it is appropriate to continue to adopt the going concern basis in preparing these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CONRADIE, Louis | Director | 2018-11-01 | Jan 1991 | British |
| FOWLER, Donald Stuart | Director | 2023-09-27 | May 1973 | British |
| JESSOP, Christopher Ian | Director | 2023-09-27 | Jul 1953 | British |
| SIMMONDS, Daniel William, Dr | Director | 2012-11-01 | Nov 1979 | British |
| TAVERNER, Colin | Director | 2024-02-21 | Jun 1974 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CONRADIE, Christine | Secretary | 2002-04-26 | 2023-09-27 |
| CONRADIE, Louis Jacobus | Secretary | 1998-08-12 | 2002-04-26 |
| NOMINEE SECRETARIES LTD | Corporate Nominee Secretary | 1998-08-12 | 1998-08-12 |
| CONRADIE, Louis Jacobus | Director | 1998-08-12 | 2023-09-27 |
| REHLING, Graham Hugh, Dr | Director | 1998-08-12 | 2002-04-26 |
| NOMINEE DIRECTORS LTD | Corporate Nominee Director | 1998-08-12 | 1998-08-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Chaucer Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-09-27 | Active |
| Mr Louis Jacobus Conradie | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-08-12 | Ceased 2023-09-27 |
Filing timeline
Last 20 of 112 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-01 RESOLUTIONS Resolution
- 2024-08-01 MA Memorandum articles
- 2024-07-29 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-09-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-16 | AD02 | address | Change sail address company with old address new address | |
| 2025-09-16 | AD02 | address | Change sail address company with old address new address | |
| 2025-09-15 | AD04 | address | Move registers to registered office company with new address | |
| 2025-09-15 | AD04 | address | Move registers to registered office company with new address | |
| 2025-09-15 | AD04 | address | Move registers to registered office company with new address | |
| 2024-08-16 | CH01 | officers | Change person director company with change date | |
| 2024-08-16 | AD03 | address | Move registers to sail company with new address | |
| 2024-08-16 | AD02 | address | Change sail address company with new address | |
| 2024-08-14 | CH01 | officers | Change person director company with change date | |
| 2024-08-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-01 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-01 | MA | incorporation | Memorandum articles | |
| 2024-07-31 | AA | accounts | Accounts with accounts type full | |
| 2024-07-29 | CC04 | change-of-constitution | Statement of companys objects | |
| 2024-07-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- 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 2023-10-31
-
Turnover
+72.7%
£12,937,000 £22,338,000
-
Cash
-63.4%
£8,313,000 £3,040,000
-
Net assets
+33.6%
£3,890,000 £5,196,000
highest in 5 filed years
-
Employees
+25.5%
94 118
highest in 6 filed years
-
Operating profit
+395.7%
-£2,418,000 £7,151,000
-
Profit before tax
+397.3%
-£2,405,000 £7,151,000
-
Wages
+53.2%
£2,681,000 £4,108,000
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