GURALP HOLDINGS LTD — The Accounts

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Next accounts due

2026-03-31

Overdue

Confirmation statement due

2027-01-15 (in 8mo)

Last made up 2026-01-01

Watchouts

2 items

Cash

£569K

+21.5% vs 2023

Net assets

-£9M

+9.6% vs 2023

Employees

+5.5% vs 2023

Profit before tax

£1M

+8.1% vs 2023

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Annual accounts overdue

Due 2026-03-31.
Material uncertainty over going concern

The Board has concluded that due to potential inability to raise additional funds if forecasts are not met, there is a material uncertainty that may cast significant doubt on the group's ability to continue as a going concern and realise its assets/discharge liabilities. However, after considering uncertainties, the Board expects success.

Name history

Renamed 1 time since incorporation

GURALP HOLDINGS LTD 2010-12-10 → present
NEWINCCO 980 LIMITED 2010-03-10 → 2010-12-10

Net assets

2-year trend · vs Technology median

GURALP HOLDINGS LTD·Technology median · n=967

Accounts

2-year trend · latest reflected 2024-03-31

Metric	2023-03-31	2024-03-31
Turnover	£11,071,500	£13,128,123
Operating profit	£1,259,663	£1,378,339
Profit before tax	£1,252,567	£1,353,580
Net profit	£1,439,428	£969,663
Cash	£468,265	£568,959
Total assets less current liabilities	-£7,932,623	-£9,002,409
Net assets	-£10,064,763	-£9,093,579
Equity	-£10,064,763	-£9,093,579
Average employees	73	77
Wages	£3,290,801	£3,586,629

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	2023-03-31	2024-03-31
Operating margin	11.4%	10.5%
Net margin	13.0%	7.4%
Return on capital employed	-15.9%	-15.3%
Current ratio	0.51x	0.43x
Interest cover	177.52x	54.67x

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: Consolidated group
Auditor: James Cowper Kreston Audit
Audit opinion: Unqualified (clean)
Going concern: Material uncertainty disclosed
“The Board has concluded that due to potential inability to raise additional funds if forecasts are not met, there is a material uncertainty that may cast significant doubt on the group's ability to continue as a going concern and realise its assets/discharge liabilities. However, after considering uncertainties, the Board expects success.”

Group structure

GURALP HOLDINGS LTD · parent
1. Guralp Finance Limited 100% · England and Wales · Intermediate holding company
2. Guralp Systems Limited 100% · England and Wales · Development, design, manufacture and sale of seismic instruments and systems.
3. Guralp Systems GmbH 100% · Germany · Sale of seismic instruments and systems.

Significant events

“The group was unable to generate sufficient funds to pay the £2,069,861 financial settlement due under its deferred prosecution agreement (DPA) by the 22 October 2024 deadline. The SFO filed a court application on 20 November 2024 to terminate the DPA and initiate a prosecution.”
“On 10 May 2024 the holders of the A and PIK loan notes passed a resolution to extend the redemption date to 31 July 2024.”
“On 1 May 2025 the holders of the A and PIK loan notes provided a written undertaking that they would not exercise their right of redemption within 12 months of these financial statements if Guralp Finance Limited has insufficient funds.”
“Guralp Systems Incorporated was dissolved on 29 August 2023.”

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

People

5 active · 15 resigned

Name	Role	Appointed	Born	Nationality
BALMER, John Heriot	Director	2020-10-12	Mar 1960	British
HILL, Philip Nicholas Cuthbertson	Director	2020-10-12	Mar 1963	British
LYDDON, Christopher Raymond	Director	2020-10-12	Feb 1967	British
O'NEILL, John Stafford	Director	2020-10-12	Jun 1958	British
WATKISS, Neil Robert	Director	2020-10-12	Mar 1984	British

Show 15 resigned officers

Name	Role	Appointed	Resigned
WARNER, Sian	Secretary	2015-07-24	2015-12-14
OLSWANG COSEC LIMITED	Corporate Secretary	2010-03-10	2010-03-26
BELL, Andrew Richard	Director	2010-03-26	2015-07-17
BELL, Andrew Richard	Director	2010-03-26	2013-09-23
GONSZOR, Charles Patterson	Director	2014-07-01	2018-12-31
GURALP, Cansun Mustafa	Director	2010-03-26	2016-04-07
JACOBS, Peter	Director	2010-03-26	2014-06-30
MACKIE, Christopher Alan	Director	2010-03-10	2010-03-26
PARKINSON, Alec Charles	Director	2019-02-07	2020-10-08
PEARCEY, Christopher James	Director	2020-10-12	2025-11-28
PERRY, Martin Gordon	Director	2010-03-26	2014-12-01
POTTS, Christopher Graeme, Dr	Director	2014-12-01	2024-04-24
WALL, Anthony John	Director	2010-03-26	2011-08-08
OLSWANG DIRECTORS 1 LIMITED	Corporate Director	2010-03-10	2010-03-25
OLSWANG DIRECTORS 2 LIMITED	Corporate Director	2010-03-10	2010-03-25

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Primary Capital Iii (Nominees) Limited	Corporate entity	Shares 50–75%, Voting 50–75%, Appoints directors	2017-03-11	Ceased 2020-10-08

Filing timeline

Last 20 of 83 total filings

Date	Type	Category	Description
2026-01-06	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2025-12-08	TM01	officers	Termination director company with name termination date	PDF
2025-10-14	AA	accounts	Accounts with accounts type group
2025-01-06	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-06-02	AA	accounts	Accounts with accounts type group
2024-04-25	TM01	officers	Termination director company with name termination date	PDF
2024-01-03	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-05-03	AA	accounts	Accounts with accounts type group
2023-01-04	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-04-05	AA	accounts	Accounts with accounts type group
2022-01-02	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-10-18	AA	accounts	Accounts with accounts type group
2021-03-24	CS01	confirmation-statement	Confirmation statement with updates	PDF
2020-12-30	PSC08	persons-with-significant-control	Notification of a person with significant control statement	PDF
2020-12-29	PSC07	persons-with-significant-control	Cessation of a person with significant control	PDF
2020-10-24	AP01	officers	Appoint person director company with name date	PDF
2020-10-24	AP01	officers	Appoint person director company with name date	PDF
2020-10-24	AP01	officers	Appoint person director company with name date	PDF
2020-10-24	AP01	officers	Appoint person director company with name date	PDF
2020-10-24	AP01	officers	Appoint person director company with name date	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 3
Capital events: 0
Officers appointed: 0
Officers resigned: 1

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

Year-on-year

FY2023 → FY2024 · period ending 2024-03-31 vs 2023-03-31

Turnover

+18.6%

£11,071,500 £13,128,123
Cash

+21.5%

£468,265 £568,959
Net assets

+9.6%

-£10,064,763 -£9,093,579
Employees

+5.5%

73 77
Operating profit

+9.4%

£1,259,663 £1,378,339
Profit before tax

+8.1%

£1,252,567 £1,353,580
Wages

+9%

£3,290,801 £3,586,629

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