CORETEQ SYSTEMS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-07 (in 1mo)
Last made up 2025-05-24
Watchouts
Cash
£5K
-98.1% vs 2023
Net assets
£10M
+1,468.6% vs 2023
Employees
3
-72.7% vs 2023
Profit before tax
£11M
+5,012.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As detailed in note 1 to the financial statements the financial statements are prepared on a basis other than going concern as the directors intend to liquidate the entity once all outstanding matters are finalised. Our opinion is not modified in respect of this matter.
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 | — | — | |
| Operating profit | £304,982 | £707,155 | |
| Profit before tax | £224,788 | £11,493,260 | |
| Net profit | £201,402 | £9,543,761 | |
| Cash | £251,877 | £4,812 | |
| Total assets less current liabilities | £667,365 | £10,193,626 | |
| Net assets | £649,866 | £10,193,726 | |
| Equity | £649,866 | £10,193,626 | |
| Average employees | 11 | 3 | |
| Wages | £1,197,850 | — |
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 |
|---|---|---|---|
| Return on capital employed | 45.7% | 6.9% | |
| Gearing (liabilities / total assets) | 89.4% | 15.0% | |
| Current ratio | 0.89x | 6.65x | |
| Interest cover | 3.80x | 27.93x |
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
- Standalone (parent only)
- Auditor
- James Cowper Kreston Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As detailed in note 1 to the financial statements the financial statements are prepared on a basis other than going concern as the directors intend to liquidate the entity once all outstanding matters are finalised. Our opinion is not modified in respect of this matter.”
Group structure
- CORETEQ SYSTEMS LIMITED · parent
- Coreteq Limited 100%
Significant events
- “All trade and assets were sold to other companies within the Halliburton Company group as part of the finalization of a group reorganization on 31 March 2024. On the same day, the remaining assets and liabilities were transferred to Halliburton Manufacturing and Services Limited for consideration of USD 1 (£1).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CRAIB, Steven Ross | Director | 2024-10-25 | Jul 1988 | British |
| JOHNSON, Rachel Lynn | Director | 2025-11-12 | Jun 1986 | American |
| THOMSON, Gavin | Director | 2025-04-01 | Jun 1991 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIRNIE, Christopher Albert | Director | 2022-02-15 | 2024-10-25 |
| BREMNER, Chad Allan | Director | 2017-08-29 | 2018-12-31 |
| DIXON, Eoghan Peter | Director | 2023-06-01 | 2025-03-31 |
| ELLEVSET, Jan | Director | 2019-07-01 | 2021-08-02 |
| ELLEVSET, Jan | Director | 2014-10-01 | 2017-08-29 |
| HEAD, Philip Frederick | Director | 2014-05-27 | 2016-08-10 |
| HORSFALL, Timothy Michael | Director | 2023-04-26 | 2025-11-12 |
| JOHANNESSEN, John Egil | Director | 2017-08-29 | 2019-07-01 |
| KAPUSCINSKI, Richard Anthony | Director | 2014-05-27 | 2015-09-15 |
| LE MAITRE, Shawn, Mr. | Director | 2016-09-01 | 2021-08-02 |
| MANSIR, Hassan, Dr | Director | 2014-05-27 | 2021-08-02 |
| MEKKAWY, Wael | Director | 2021-08-02 | 2022-02-15 |
| NOWE, Steven Charles | Director | 2022-02-15 | 2023-04-26 |
| ORMEROD, Laurence | Director | 2015-09-15 | 2021-08-02 |
| THOMSON, Barry | Director | 2021-08-02 | 2023-06-01 |
| THOMSON, Gavin | Director | 2025-04-01 | 2025-04-02 |
| WHITE, Martin Robert | Director | 2021-08-02 | 2022-02-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Halliburton Global Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-08-02 | Active |
| Dr Hassan Mansir | Individual | Shares 25–50% | 2016-09-29 | Ceased 2018-11-27 |
| Mr Richard Anthony Kapuscinski | Individual | Shares 25–50% | 2016-09-29 | Ceased 2018-11-27 |
| Equinor Ventures As | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2021-08-02 |
Filing timeline
Last 20 of 94 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2025-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-11 | AA | accounts | Accounts with accounts type full | |
| 2024-05-24 | CS01 | confirmation-statement | Confirmation statement | |
| 2023-07-19 | AA | accounts | Accounts with accounts type full | |
| 2023-06-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-10 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
-98.1%
£251,877 £4,812
-
Net assets
+1,468.6%
£649,866 £10,193,726
-
Employees
-72.7%
11 3
-
Operating profit
+131.9%
£304,982 £707,155
-
Profit before tax
+5,012.9%
£224,788 £11,493,260
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