ULTRA I&C LIMITED

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on the going concern basis under the historical cost convention, unless otherwise stated. The directors are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements.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 30 September 2026. Accordingly, the Directors continue to adopt the going concern basis in preparing the annual report and accounts.”

Group structure

1. ULTRA I&C LIMITED · parent
   1. Ultra EWST Limited 100% · United Kingdom · Electronic Warfare Simulation Technology division

Significant events

• “The prior period covers the thirteen months from 26th November 2022 to 31st December 2023 and includes Ultra EWST Limited until it was divested on 25th August 2023. Consequently, the KPIs between periods are not directly comparable and the movement in above KPIs reflect these matter.”
• “On 14 March 2025, it was announced that a UK PE Group (Cable Capital Partners Ltd) had signed an agreement to acquire 100% of Ultra's Electronic Warfare Simulation Technology division (Ultra EWST Limited) for a purchase price of £1. The transaction received regulatory approval from the UK government on 2 May 2025, and the agreement was signed by both Ultra EWST and Cable Capital Partners Ltd. for completion of the transaction on 23 May 2025.”

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

  -39.2%

  £50,799,598 → £30,901,846

• Cash

  -0.5%

  £7,028,868 → £6,995,085

• Net assets

  +8.2%

  £3,730,458 → £4,037,878

• Employees

  -29.2%

  130 → 92

• Operating profit

  -90.6%

  £3,847,349 → £360,952

• Profit before tax

  -89.7%

  £3,753,466 → £387,548

• Wages

  -36%

  £8,280,063 → £5,301,986

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