CAPTEC GROUP PLC

1. CAPTEC GROUP PLC 2023-03-08 → present
2. CAPTEC GROUP LIMITED 2018-03-28 → 2023-03-08

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

IFRS

Reporting scope

Consolidated group

Auditor

BDO 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. The Company's continuation as a going concern is based on its significant cash resources and an operating model that has remained cash positive throughout the review period. The Directors are confident that profitable operation will continue and its balance sheet will remain robust.”

Group structure

1. CAPTEC GROUP PLC · parent
   1. Captec Limited 100% · UK · Design, manufacture and supply of specialist high availability computer systems capable of operating in hostile environments
   2. Captec Subsystems Limited 100% · UK · Manufacture of metalwork and rack systems for aerospace and defence industry, including services relating to welding, milling, CNC etc
   3. Ash Wireless Electronics Limited 100% · UK · Design of specialist electronic and wireless communication solutions
   4. Captec Americas Inc 100% · Canada · Design, manufacture and supply of specialist high availability computer systems capable of operating in hostile environments
   5. Captec Inc 100% · US · Sales of specialist high availability computer systems capable of operating in hostile environments

Significant events

• “Elections across the world in 2024 resulted in many changes of government and these impacted the operating environment since the last reporting date. During the year the most pronounced impact was felt in the UK with delays in projects within the Group's defence pipeline, following the post-election announcement of the Defence Spending Review. The uncertainty caused by the Autumn Budget was also unwelcome.”
• “More recently the new administration in the US has created significant potential for operating challenges. This is primarily derived from the prospect of tariffs and resulting trade wars. This could lead to a higher cost to customers of Group product, exchange rate volatility and the continuation of an elevated level of commercial uncertainty.”
• “Examples of decisions made in the year included the following: 1. Informal reorganisation of the Group's operational structure/skills requirements; 2. Decisions on acquisition opportunities.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -4.6%

  £33,141,000 → £31,618,000

• Cash

  +19%

  £20,279,000 → £24,124,000

• Net assets

  -2%

  £43,689,000 → £42,825,000

• Employees

  -4.2%

  165 → 158

• Operating profit

  -16.6%

  £3,927,000 → £3,275,000

• Profit before tax

  -4%

  £4,807,000 → £4,614,000

• Wages

  -1%

  £6,416,000 → £6,350,000

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