KYNETEC UK LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-06-20 (in 1mo)
Last made up 2025-06-06
Watchouts
None on the register
Cash
£73K
0% vs 2023
Net assets
-£28M
-12.8% vs 2023
Employees
104
+20.9% vs 2023
Profit before tax
-£3M
-1,408.5% vs 2023
Name history
Renamed 4 times since incorporation
- KYNETEC UK LIMITED 2016-05-12 → present
- GFK KYNETEC LIMITED 2010-02-23 → 2016-05-12
- DMRKYNETEC LIMITED 2008-11-10 → 2010-02-23
- KYNETEC LIMITED 2001-12-28 → 2008-11-10
- VELOCITY 259 LIMITED 2001-06-06 → 2001-12-28
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | £38,954,313 | £42,877,696 | |
| Operating profit | £2,889,180 | -£3,910,102 | |
| Profit before tax | -£215,394 | -£3,249,156 | |
| Net profit | -£214,115 | -£3,209,593 | |
| Cash | £73,096 | £73,096 | |
| Total assets less current liabilities | -£19,226,209 | £19,300,418 | |
| Net assets | -£24,998,592 | -£28,208,185 | |
| Equity | -£24,998,592 | -£28,208,185 | |
| Average employees | 86 | 104 | |
| Wages | £3,746,542 | £4,338,595 |
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 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Operating margin | 7.4% | -9.1% | |
| Net margin | -0.5% | -7.5% | |
| Return on capital employed | -15.0% | -20.3% | |
| Current ratio | 0.27x | 0.70x | |
| Interest cover | 0.67x | -0.75x |
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 financial statements for the year ended 30 September 2024 have been prepared on a going concern basis and a letter of support has been received from its ultimate parent company, Kynetec UK Topco Limited, stating that it is its current intention to make sufficient funding available, if required, to enable the Company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment.”
Group structure
- KYNETEC UK LIMITED · parent
- Systematics International Limited 100%
Significant events
- “On 28 September 2023, Kynetec UK Limited acquired the entire share capital of CM Research Limited, ("CM Research"), a company registered in the England & Wales, for cash consideration of £9,022,883. During the year the trade and assets of CM Research were transferred to Kynetec UK Limited and the entity was dissolved via voluntary strike-off on 26 November 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TARTAGLIA, Richard Liam | Director | 2026-01-12 | Jan 1970 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| VELOCITY COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2001-06-06 | 2014-01-21 |
| BLOCK, Dennis | Director | 2003-04-28 | 2009-12-31 |
| BRIDLE, Penny | Director | 2002-03-14 | 2011-11-10 |
| CROWE, Jonathan | Director | 2002-03-14 | 2013-06-30 |
| GOULDS, Antony, Dr | Director | 2002-03-14 | 2014-01-22 |
| HEARN, Stephen Robert | Director | 2001-12-21 | 2020-01-28 |
| JAMESON, Richard David | Director | 2019-03-15 | 2020-03-20 |
| KRAUSS, Matthias | Director | 2014-01-22 | 2016-04-28 |
| LEE, Stephen John | Director | 2016-05-04 | 2019-03-15 |
| LOOSE, Jonathan Charles | Director | 2002-04-18 | 2011-11-10 |
| MCDOWELL, Peter Stanley | Director | 2016-05-04 | 2026-01-12 |
| WEDDEPOHL, Jan | Director | 2002-03-14 | 2011-11-10 |
| WIRTH, Daniel Eugene | Director | 2020-03-20 | 2024-09-30 |
| VELOCITY COMPANY (HOLDINGS) LIMITED | Corporate Nominee Director | 2001-06-06 | 2001-12-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Project Farm Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 175 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-05 | AA | accounts | Accounts with accounts type full | |
| 2025-02-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-07 | AA | accounts | Accounts with accounts type full | |
| 2023-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-03 | AA | accounts | Accounts with accounts type full | |
| 2022-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-05 | AA | accounts | Accounts with accounts type full | |
| 2021-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-03-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-03-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-03-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-03-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-03-22 | AA | accounts | Accounts with accounts type full | |
| 2020-11-18 | 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
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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 2024-09-30 vs 2023-09-30
-
Turnover
+10.1%
£38,954,313 £42,877,696
-
Cash
0%
£73,096 £73,096
-
Net assets
-12.8%
-£24,998,592 -£28,208,185
-
Employees
+20.9%
86 104
-
Operating profit
-235.3%
£2,889,180 -£3,910,102
-
Profit before tax
-1,408.5%
-£215,394 -£3,249,156
-
Wages
+15.8%
£3,746,542 £4,338,595
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