ONWARD TECHNOLOGIES LIMITED
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Cash
£2M
-22% vs 2024
Net assets
£17M
+8.3% vs 2024
Employees
—
Average over period
Profit before tax
£3M
-19.6% vs 2024
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £36,576,980 | £38,042,284 | |
| Operating profit | £3,600,302 | £2,982,756 | |
| Profit before tax | £3,496,477 | £2,810,670 | |
| Net profit | £2,626,225 | £2,096,609 | |
| Cash | £2,415,610 | £1,884,986 | |
| Total assets less current liabilities | £18,142,826 | £19,920,697 | |
| Net assets | £16,038,118 | £17,367,480 | |
| Equity | £16,038,118 | £17,367,480 | |
| Average employees | — | — | |
| Wages | £25,700,434 | £27,771,057 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 9.8% | 7.8% | |
| Net margin | 7.2% | 5.5% | |
| Return on capital employed | 19.8% | 15.0% | |
| Gearing (liabilities / total assets) | 27.8% | 28.5% | |
| Current ratio | 5.45x | 5.56x | |
| Interest cover | 34.68x | 17.33x |
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
- COMPANIES ACT 2013
- Reporting scope
- Consolidated group
- Auditor
- B S R & Co. LLP, Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The accompanying financial statements have been prepared on a going concern basis.”
Group structure
- ONWARD TECHNOLOGIES LIMITED · parent
- Onward Technologies Inc. 100%
- Onward Technologies GmbH 100%
- Onward Technologies Canada Inc. 100%
- Onward Technologies B.V. 100%
- OT Park Private Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHANDRAMOULI, Niranjani | Director | 2022-09-29 | Jul 1978 | Indian |
| DIWANJI, Jai | Director | 2023-05-12 | Feb 1973 | Indian |
| JHAVERI, Dhanpal | Director | 2023-05-12 | Dec 1968 | Indian |
| MEHTA, Jigar | Director | 2016-05-16 | Nov 1979 | Indian |
| METHA, Harish Shantilal | Director | 1998-09-16 | Oct 1947 | Indian |
| RAGHAVAN, Harsha | Director | 2021-06-30 | Oct 1971 | Indian |
| SONAWALA, Jay | Director | 2020-07-21 | Jul 1976 | Indian |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KALE, Hitendra | Secretary | 1998-11-30 | 2008-02-11 |
| KAMAT, Hemant | Secretary | 1998-09-16 | 1998-11-30 |
| DESAI, Berjis | Director | 1998-09-16 | 2006-07-28 |
| DESAI, Samir Anantrai | Director | 1998-09-16 | 2013-01-16 |
| DUBHASH, Pradip | Director | 2002-01-25 | 2017-04-05 |
| MEGHANI, Arun | Director | 1998-09-16 | 2017-04-27 |
| MEGHANI, Parish | Director | 2017-05-10 | 2023-07-20 |
| MEHTA, Prachi | Director | 2015-03-27 | 2022-09-29 |
| MEHTA, Shaila Harish | Director | 1998-09-16 | 2014-02-20 |
| MITRA, Subrata Kumar | Director | 2020-07-21 | 2023-07-20 |
| PRADHAN, Nandkumar | Director | 2013-01-16 | 2020-07-20 |
| RATHI, Rahul | Director | 2017-04-24 | 2023-07-20 |
| VAKIL, Pranay | Director | 2013-01-16 | 2020-07-20 |
| WAD, Atul, Dr | Director | 2006-07-28 | 2013-01-16 |
| WADIA, Cowsy Jalwadia | Director | 1998-09-16 | 1999-10-28 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 83 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-06 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2025-08-06 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2025-08-06 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-08-06 | AA | accounts | Accounts with accounts type group | |
| 2024-11-04 | AA | accounts | Accounts with accounts type group | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-06-04 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-06-04 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-06-04 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-06-04 | OSCH03 | officers | Change person director overseas company with change date | |
| 2024-06-04 | OSCH03 | officers | Change person director overseas company with change date | |
| 2024-06-04 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2024-06-04 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-06-04 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-06-04 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-10-14 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2022-09-16 | AA | accounts | Accounts with accounts type group | |
| 2022-06-23 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-04-19 | AAMD | accounts | Accounts amended with accounts type group | |
| 2022-03-29 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+4%
£36,576,980 £38,042,284
-
Cash
-22%
£2,415,610 £1,884,986
-
Net assets
+8.3%
£16,038,118 £17,367,480
-
Employees
—
Not reported
-
Operating profit
-17.2%
£3,600,302 £2,982,756
-
Profit before tax
-19.6%
£3,496,477 £2,810,670
-
Wages
+8.1%
£25,700,434 £27,771,057
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