STRUCTURAL MONITORING SYSTEMS PLC

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

FRS 102

Reporting scope

Consolidated group

Auditor

Gerald Edelman LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis, which contemplates continuity of normal business activities, the continued financial performance of AEM and the realisation of assets and discharge of liabilities in the normal course of business as well as the continued availability of an established operating line of credit facility of up to C$6 million which has no set date for maturity. The facility which is reviewed on an annual basis, is provided by AEM's bankers, is long standing and is secured on receivables and inventory and is subject to loan covenants. The Directors expect compliance with the covenants to continue to be met.”

Group structure

1. STRUCTURAL MONITORING SYSTEMS PLC · parent
   1. Structural Monitoring Systems Ltd 100% · Australia
   2. Structural Monitoring Systems Canada Corp 100% · Canada
   3. Anodyne Electronics Manufacturing Corp 100% · Canada

Significant events

• “On 15 August 2025, the Company announced the appointment of Mr. Anthony Faillace as a Non-Executive Director of the Company effective 14 August 2025.”
• “On 26 August 2025, the Company announced the engagement of experienced aviation executive Mr Rick Freeman as Management Consultant/Interim Chief Executive Officer of its wholly owned, Canadian-based subsidiary, Anodyne Electronics Manufacturing Corporation (AEM), effective 2 September 2025.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +0.4%

  £14,982,311 → £15,039,666

• Cash

  +69.3%

  £675,386 → £1,143,332

• Net assets

  +60.9%

  £7,837,157 → £12,610,420

• Employees

  -20%

  125 → 100

• Operating profit

  +784.1%

  -£121,677 → £832,440

• Profit before tax

  +175.5%

  -£518,868 → £391,831

• Wages

  -12%

  £4,134,327 → £3,637,436

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