PMES I LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-29 (in 4mo)
Last made up 2025-09-15
Watchouts
Cash
£46M
Latest balance sheet
Net assets
£2M
Equity attributable
Employees
230
Average over period
Profit before tax
£16M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- PMES I LIMITED 2025-10-02 → present
- ULTRA PMES LIMITED 2022-09-16 → 2025-10-02
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £86,105,775 | £75,340,918 | |
| Operating profit | £10,135,439 | £15,392,597 | |
| Profit before tax | £9,181,570 | £16,487,491 | |
| Net profit | £8,866,945 | £12,134,201 | |
| Cash | £67,022,789 | £46,119,844 | |
| Total assets less current liabilities | £9,884,393 | £2,497,410 | |
| Net assets | £8,895,163 | £1,548,322 | |
| Equity | £8,895,163 | £1,548,322 | |
| Average employees | 199 | 230 | |
| Wages | £15,148,833 | £15,628,753 |
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 | 11.8% | 20.4% | |
| Net margin | 10.3% | 16.1% | |
| Return on capital employed | 102.5% | 616.3% | |
| Gearing (liabilities / total assets) | 89.5% | 97.7% | |
| Current ratio | 1.04x | 0.93x | |
| Interest cover | 10.63x | — |
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
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After considering these factors, including the financial and operational ability of the Company to continue as-a going concern, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence until 31 December 2026. Accordingly, the Directors continue to adopt the going concern basis in preparing the annual report and accounts.”
Significant events
- “It was previously announced on 8 July 2024 that acquisition of the company by ESCO Technologies for $550m had been agreed. The transaction was successfully completed on 25 April 2025 whereby 100% of the shares in the company were acquired by ESCO Maritime Solutions Limited, a company incorporated in the UK. Ongoing operations continue as planned.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEYWOOD, Richard John | Director | 2025-05-23 | Jun 1971 | British |
| HINE, Nick | Director | 2022-09-16 | Feb 1966 | British |
| HOLTOM, Brett | Director | 2022-09-16 | Jul 1983 | British |
| MELIA, Nicola Jaimie Charbonnier | Director | 2025-01-08 | Nov 1983 | British,Swiss |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MALANI, Shonnel | Director | 2022-09-16 | 2025-04-25 |
| PRYCE, Simon Charles Conrad | Director | 2022-09-16 | 2023-04-11 |
| ROBERTS, Nigel Jonathan | Director | 2023-04-11 | 2023-12-31 |
| SCLATER, Mark Josceline | Director | 2022-09-16 | 2025-04-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Esco Maritime Solutions Ltd. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-04-25 | Active |
| Ultra Electronics Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-09-16 | Ceased 2025-04-25 |
Filing timeline
Last 20 of 26 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-02 CERTNM Certificate change of name company PDF
- 2025-05-01 RESOLUTIONS Resolution
- 2025-05-01 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-05 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-12-22 | AA | accounts | Accounts with accounts type full | |
| 2025-10-02 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-09-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-20 | AD03 | address | Move registers to sail company with new address | |
| 2025-08-19 | AD02 | address | Change sail address company with new address | |
| 2025-08-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-01 | MA | incorporation | Memorandum articles | |
| 2025-04-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-25 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-21 | AA | accounts | Accounts with accounts type full | |
| 2024-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 1
- 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 → FY2024 · period ending 2024-12-31 vs 2023-12-31