SMART METER ASSETS 1 LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-10 (in 9mo)
Last made up 2026-01-27
Watchouts
Cash
£11M
+44.7% vs 2023
Net assets
£24M
+8.6% vs 2023
Employees
10
0% vs 2023
Profit before tax
£14M
-18.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 2 times since incorporation
- SMART METER ASSETS 1 LTD 2014-03-05 → present
- IN HOME TECHNOLOGY LIMITED 2014-02-21 → 2014-03-05
- SMART METER ASSETS 1 LTD 2014-01-27 → 2014-02-21
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £82,551,000 | £78,469,000 | |
| Operating profit | £36,099,000 | £31,512,000 | |
| Profit before tax | £16,905,000 | £13,819,000 | |
| Net profit | £10,494,000 | £10,885,000 | |
| Cash | £7,918,000 | £11,454,000 | |
| Total assets less current liabilities | £345,028,000 | £323,109,000 | |
| Net assets | £21,853,000 | £23,738,000 | |
| Equity | £21,853,000 | £23,738,000 | |
| Average employees | 10 | 10 | |
| Wages | £564,000 | £635,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 43.7% | 40.2% | |
| Net margin | 12.7% | 13.9% | |
| Return on capital employed | 10.5% | 9.8% | |
| Gearing (liabilities / total assets) | 93.8% | 92.8% | |
| Current ratio | 3.31x | 4.31x | |
| Interest cover | 1.88x | 1.76x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period to 31 December 2026.”
Significant events
- “In the post balance sheet period, the Group has been sold to Cyrus Bidco Limited, ultimately owned by funds controlled by Kohlberg Kravis Roberts & Co. L.P. ("KKR"). This transaction completed on 7th February 2025 and was for 100% of the share capital and shareholder loan notes in the Group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JORDAN, Neil | Secretary | 2025-07-19 | — | — |
| HOWETT, Justin Richard | Director | 2025-07-19 | Jan 1983 | British |
| SMYTH, Ian Thomas | Director | 2026-01-28 | Nov 1970 | British |
| WEST, Sean Allan | Director | 2025-08-31 | Apr 1977 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MUMFORD, Christopher Paul | Secretary | 2016-02-03 | 2021-05-12 |
| BELFIELD, Lee Anthony | Director | 2023-10-24 | 2024-07-08 |
| BRUGNOLO, Stefano | Director | 2021-05-12 | 2025-02-07 |
| CORNEY, Darryl John | Director | 2016-02-03 | 2021-05-12 |
| CRESSWELL, Mark George | Director | 2021-05-12 | 2025-02-07 |
| FITZPATRICK, Stephen James | Director | 2014-01-27 | 2016-02-03 |
| HORLER, Nicholas Wenham | Director | 2021-09-16 | 2025-06-11 |
| HOUGHTON, Christopher Paul | Director | 2015-01-28 | 2016-02-03 |
| LINSDELL, Clive Eric | Director | 2016-02-03 | 2021-05-12 |
| MORTLOCK, Timothy James | Director | 2025-07-19 | 2026-01-29 |
| MURPHY, Stephen Thomas | Director | 2015-01-28 | 2016-02-03 |
| ROMASHKAN, Ekaterina | Director | 2021-05-12 | 2023-10-24 |
| ROSE, Richard Lee | Director | 2021-09-16 | 2025-08-20 |
| SCOTT-MACKENZIE, Christian Alexander | Director | 2021-05-12 | 2025-02-07 |
| STUDHOLME, Jeff | Director | 2017-07-01 | 2025-07-21 |
| OVAL NOMINEES LIMITED | Corporate Director | 2014-01-27 | 2014-01-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sma Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-05-12 | Active |
| Buuk Infrastructure No 2 Limited | Corporate entity | Shares 75–100%, voting-rights-75-to-100-percent-as-trust, Appoints directors | 2016-04-06 | Ceased 2021-05-12 |
Filing timeline
Last 20 of 155 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-12 | SH02 | capital | Capital alter shares consolidation | |
| 2025-12-17 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-12-17 | SH20 | capital | Legacy | |
| 2025-12-17 | CAP-SS | insolvency | Legacy | |
| 2025-12-17 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-17 | SH01 | capital | Capital allotment shares | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-09-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-22 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-07-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-18 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 18
- Capital events
- 4
- Officers appointed
- 4
- Officers resigned
- 4
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 2023-12-31
-
Turnover
-4.9%
£82,551,000 £78,469,000
-
Cash
+44.7%
£7,918,000 £11,454,000
-
Net assets
+8.6%
£21,853,000 £23,738,000
-
Employees
0%
10 10
-
Operating profit
-12.7%
£36,099,000 £31,512,000
-
Profit before tax
-18.3%
£16,905,000 £13,819,000
-
Wages
+12.6%
£564,000 £635,000
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