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Next accounts due

2026-12-31 (in 7mo)

Last filed for 2025-03-31

Confirmation statement due

2026-06-02 (in 1mo)

Last made up 2025-05-19

Watchouts

None on the register

Cash

£5M

-17.3% vs 2024

Net assets

£16M

+39.8% vs 2024

Employees

374

+8.1% vs 2024

Profit before tax

£6M

+25.4% vs 2024

Accounts

2-year trend · latest reflected 2025-03-31

Metric Trend 2024-03-312025-03-31
Turnover £39,164,592£45,625,155
Operating profit £4,930,874£6,093,056
Profit before tax £5,004,547£6,273,296
Net profit £3,743,353£4,672,875
Cash £6,051,361£5,003,740
Total assets less current liabilities £12,724,866£17,682,087
Net assets £11,737,348£16,410,223
Equity £11,737,348£16,410,223
Average employees 346374
Wages £23,248,240£24,436,520

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 2024-03-312025-03-31
Operating margin 12.6%13.4%
Net margin 9.6%10.2%
Return on capital employed 38.7%34.5%
Gearing (liabilities / total assets) 50.3%38.9%
Current ratio 1.72x2.41x
Interest cover 685.03x2346.19x

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
PricewaterhouseCoopers LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“We have confidence in our financial forecasts, which are based on a clear understanding of our cost base and the repeat nature of our business, underpinned by the volume of forecast revenue already secured by contracts. It is deemed that there is little or no credit risk to the Company due to the nature of business activities and customer base. The Company has good cash reserves and no loan finance. The Company is part of the QinetiQ Group, and therefore has access to additional cash, should it ever be required. As such, we are confident the Company can meet its liabilities as they fall due. Taking into account the factors detailed above and considering the net assets and net current assets positions as at 31 March 2025, the Directors therefore consider it appropriate to prepare the Company's financial statements on a going concern basis.”

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

People

5 active · 21 resigned

Name Role Appointed Born Nationality
BACH, Elizabeth Jane Secretary 2023-05-22
OSBORN, Philip Colin, Air Marshal Director 2020-04-21 Oct 1962 British
SHAW, Andrew Michael Director 2019-10-09 Dec 1968 British
SMITH, Jon Anthony Director 2026-01-21 Jun 1970 British
WILLIS, James Richard Director 2023-05-22 Aug 1970 British
Show 21 resigned officers
Name Role Appointed Resigned
GRIFFITHS, Hugh Michael Secretary 2005-05-19 2011-12-29
SIMPSON, Michael James Secretary 2011-12-29 2012-10-08
WOOD, Jessica Anna Secretary 2019-05-16 2022-12-09
WOOD, Jessica Anna Secretary 2012-10-08 2018-11-19
ANSELL, Ian James Director 2005-05-19 2010-01-11
BOYES, Mark Steven Director 2005-05-19 2020-12-16
BRUNNING, Steven Director 2020-07-29 2022-02-04
GILBERT, Simon Jamie Director 2021-07-21 2022-12-09
GRIFFITHS, Hugh Michael Director 2005-05-19 2022-12-09
HAVERCROFT, Richard Ian Director 2020-07-29 2023-02-28
HAVERCROFT, Richard Ian Director 2019-05-14 2019-09-10
MITCHELL, Alex Director 2019-01-02 2021-06-28
NOLAN, Brendan Director 2022-09-21 2025-11-30
PRIEST, Jonny Director 2017-12-04 2022-11-30
ROWLAND, Martin Christopher Director 2013-09-25 2018-11-19
SIMPSON, Michael James Director 2007-02-05 2014-05-31
STERN, Sarah Louise Director 2014-02-25 2019-09-10
STEVENS, Christopher Director 2014-12-09 2018-05-11
WHITTLE, Alan Director 2014-04-29 2023-02-28
WOOD, Alan Director 2009-01-01 2009-04-03
WOOD, Jessica Anna Director 2012-01-22 2022-12-09

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Qinetiq Holdings Limited Corporate entity Shares 75–100% 2023-03-29 Active
Inzpire Holdings Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Ceased 2023-03-29

Filing timeline

Last 20 of 125 total filings

Date Type Category Description
2026-01-21 AP01 officers Appoint person director company with name date PDF
2025-12-01 TM01 officers Termination director company with name termination date PDF
2025-11-10 AA accounts Accounts with accounts type full
2025-09-20 CH01 officers Change person director company with change date PDF
2025-05-29 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-12-31 AA accounts Accounts with accounts type full
2024-05-29 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-01-12 AA accounts Accounts with accounts type full
2023-06-05 AP01 officers Appoint person director company with name date PDF
2023-05-31 AP03 officers Appoint person secretary company with name date PDF
2023-05-31 CS01 confirmation-statement Confirmation statement with updates PDF
2023-04-25 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2023-04-25 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2023-03-10 TM01 officers Termination director company with name termination date PDF
2023-03-10 TM01 officers Termination director company with name termination date PDF
2022-12-30 AA accounts Accounts with accounts type full
2022-12-12 TM02 officers Termination secretary company with name termination date PDF
2022-12-12 TM01 officers Termination director company with name termination date PDF
2022-12-12 TM01 officers Termination director company with name termination date PDF
2022-12-12 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
5

last 12 months

Capital events
0

last 24 months

Officers appointed
1

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.

Year-on-year

FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31

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

Official Companies House page