COMPOUND SEMICONDUCTOR APPLICATIONS CATAPULT LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the assessment undertaken by the directors, and the sensitivities and scenarios considered, the Group is able to continue for a period of at least twelve months from the date of approval of these financial statements, and consequently the financial statements have been prepared on a going concern basis.”

Group structure

1. COMPOUND SEMICONDUCTOR APPLICATIONS CATAPULT LIMITED · parent
   1. CSA Catapult Services Limited 100% · UK
   2. Novomorphic Limited 75% · UK

Significant events

• “During the 2024/25 financial year the Catapult announced the creation of a new semiconductor design centre - a joint venture with Welsh Government and Cadence. The new venture will create over 100 jobs for graduate students in the next five years and address long-term skills needs.”
• “The Catapult published an independent economic impact report compiled by Cardiff University that showed its significant contribution to South Wales and the UK economy. The report states that since 2018, CSA Catapult's activities have led to the creation or safeguarding of over 4,000 jobs and have contributed £600m GVA to the UK economy.”
• “In March 2025, Martin McHugh, Chief Executive Officer of CSA Catapult, stepped down from the CEO role.”
• “In June 2025, the UK Government announced that Compound Semiconductor Applications (CSA) Catapult will mobilise the new UK Semiconductor Centre (UKSC).”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +15.2%

  £15,027,880 → £17,311,191

• Cash

  +96.8%

  £3,883,617 → £7,641,712

• Net assets

  +60.5%

  £1,394,634 → £2,238,085

• Employees

  -2%

  100 → 98

• Operating profit

  -45.2%

  £115,800 → £63,468

• Profit before tax

  -17.7%

  £126,888 → £104,479

• Wages

  +13.7%

  £6,288,955 → £7,153,384

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