DEFENCE HOLDINGS PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-05 (in 4mo)
Last made up 2025-08-22
Watchouts
Cash
£69K
Latest balance sheet
Net assets
-£652K
Equity attributable
Employees
37
Average over period
Profit before tax
-£1M
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Directors, having made due and careful enquiry, are of the opinion that the Company has adequate working capital to meet its obligations over the next 12 months provided that the £3.45m fundraise is received following the approval of the prospectus by the FCA...the Directors have stated that there is a material uncertainty on the Company's ability to continue as a going concern should the committed £3.45m funding not be received. (Page 10) The company incurred a net loss of £1,277,000 during the 18 months period ended 31 March 2025 and, as of that date, the company's current liabilities exceeded its current assets by £652,000. (Page 18)
Name history
Renamed 3 times since incorporation
- DEFENCE HOLDINGS PLC 2025-05-19 → present
- CASSEL CAPITAL PLC 2025-01-28 → 2025-05-19
- GUILD ESPORTS PLC 2020-04-17 → 2025-01-28
- THE LORDS ESPORTS PLC 2019-09-03 → 2020-04-17
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2023-09-30 | 2025-03-31 |
|---|---|---|---|
| Turnover | £5,525,000 | £4,334,000 | |
| Operating profit | -£4,254,000 | -£2,967,000 | |
| Profit before tax | -£4,497,000 | -£1,042,000 | |
| Net profit | -£4,497,000 | -£1,277,000 | |
| Cash | £459,000 | £69,000 | |
| Total assets less current liabilities | £2,896,000 | -£652,000 | |
| Net assets | -£231,000 | -£652,000 | |
| Equity | -£231,000 | -£652,000 | |
| Average employees | 32 | 37 | |
| Wages | £1,605,000 | £1,523,000 |
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 | 2023-09-30 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -77.0% | -68.5% | |
| Net margin | -81.4% | -29.5% | |
| Return on capital employed | -146.9% | 455.1% | |
| Gearing (liabilities / total assets) | 104.2% | 946.8% | |
| Current ratio | 0.29x | 0.11x | |
| Interest cover | -17.51x | -12.26x |
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
- UK-adopted international accounting standards
- Reporting scope
- Standalone (parent only)
- Auditor
- Zenith Audit Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Directors, having made due and careful enquiry, are of the opinion that the Company has adequate working capital to meet its obligations over the next 12 months provided that the £3.45m fundraise is received following the approval of the prospectus by the FCA...the Directors have stated that there is a material uncertainty on the Company's ability to continue as a going concern should the committed £3.45m funding not be received. (Page 10) The company incurred a net loss of £1,277,000 during the 18 months period ended 31 March 2025 and, as of that date, the company's current liabilities exceeded its current assets by £652,000. (Page 18)”
Significant events
- “The Board made the strategic decision to sell the company's existing business, assets, and liabilities. (Page 4)”
- “The transaction, completed in October 2024, saw DCB Sports acquire 100% of Guild's assets for a cash payment of £100,000 and the assumption of over £2 million in liabilities. (Page 4)”
- “In May 2025, the Company changed its name to Defence Holdings plc and began trading under the ticker symbol ALRT. (Page 4)”
- “On 29 May 2025, the Company published its 2025-2030 Strategic Plan, aiming to position Defence Holdings plc as a leader in the software-defined, AI-driven defence era. (Page 4)”
- “To support the new strategy, the Company conditionally raised £3.45 million via an oversubscribed placing and subscription at 0.325 pence per share, announced on 30 May 2025. (Page 5)”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STOCKBRIDGE, Brian | Secretary | 2025-03-17 | — | — |
| HOUGHTON, John Nicholas Reynolds, General | Director | 2025-10-01 | Oct 1954 | British |
| LEW, Franklin Derek | Director | 2019-12-03 | Jul 1969 | Canadian |
| MCCARTNEY, Andrew David | Director | 2025-07-28 | Aug 1976 | British,Irish |
| NORWOOD, James Kenneth | Director | 2025-07-28 | Nov 1978 | British |
| ROUGHAN, Andrew Vincent | Director | 2026-03-30 | Jan 1980 | British |
| STAZICKER, Anthony James | Director | 2025-07-28 | Jan 1984 | British |
| STOCKBRIDGE, Brian | Director | 2022-03-31 | Aug 1973 | British |
| YARWOOD-LOVETT, Ian James | Director | 2025-07-28 | Dec 1974 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JARVIS, Clare | Secretary | 2023-04-01 | 2023-12-20 |
| KINGSLEY, Paul | Secretary | 2024-01-08 | 2024-02-15 |
| LE DRUILLENEC, Timothy Vincent | Secretary | 2019-09-03 | 2020-03-30 |
| LYTH, Nicholas James | Secretary | 2022-12-01 | 2023-03-31 |
| SAVAGE, James | Secretary | 2020-03-30 | 2022-03-15 |
| WESTEND CORPORATE LLP | Corporate Secretary | 2024-03-20 | 2025-03-17 |
| BIXBY, Jonathan Franklin | Director | 2019-09-03 | 2019-12-03 |
| CALDWELL, Jocelin | Director | 2022-11-17 | 2023-11-30 |
| CALDWELL, Jocelin | Director | 2020-03-30 | 2020-03-30 |
| CURTIS, Carleton John | Director | 2020-06-18 | 2021-07-14 |
| DRAKE, Andrew Dale | Director | 2019-12-03 | 2022-03-31 |
| EDWARDS, Michael Scott | Director | 2022-03-31 | 2022-11-17 |
| GARDNER, David Scott | Director | 2020-06-18 | 2022-06-30 |
| HOURD, Kalum Lee | Director | 2019-10-14 | 2023-01-01 |
| LE DRUILLENEC, Timothy Vincent | Director | 2019-09-03 | 2020-03-30 |
| SAVAGE, James | Director | 2020-03-30 | 2022-03-20 |
| SKEE, Jasmine | Director | 2023-01-01 | 2024-10-16 |
| SULLIVAN, Christopher Paul | Director | 2020-09-01 | 2022-03-31 |
| WALTERS, Simon Howard | Director | 2020-09-01 | 2022-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Toro Consulting Ltd | Corporate entity | Shares 25–50% | 2019-09-13 | Ceased 2020-06-12 |
| Mr Timothy Vincent Le Druillenec | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-09-03 | Ceased 2019-09-13 |
Filing timeline
Last 20 of 103 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-18 RESOLUTIONS Resolution
- 2025-05-19 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-20 | SH01 | capital | Capital allotment shares | |
| 2026-01-06 | SH01 | capital | Capital allotment shares | |
| 2025-10-23 | SH01 | capital | Capital allotment shares | |
| 2025-10-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-06 | SH01 | capital | Capital allotment shares | |
| 2025-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-29 | SH01 | capital | Capital allotment shares | |
| 2025-09-15 | SH01 | capital | Capital allotment shares | |
| 2025-08-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-21 | CH01 | officers | Change person director company with change date | |
| 2025-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-01 | SH01 | capital | Capital allotment shares | |
| 2025-07-24 | AA | accounts | Accounts with accounts type full | |
| 2025-07-18 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-23 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-05-19 | CERTNM | change-of-name | Certificate change of name company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 7
- Officers appointed
- 6
- Officers resigned
- 0
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 → FY2025 · period ending 2025-03-31 vs 2023-09-30