NETWATCH SYSTEM LIMITED

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Ernst & Young

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing the ability of the Group to continue as a going concern the directors have reviewed detailed cash flow forecasts, by cash generating unit, extending to 31 December 2026. The Group has received an unconditional letter of support from its majority shareholders, whereby they committed to provide financial support for a period of up to and including twelve months from the date of approval of the financial statements. The above factors, indicate that the Group has sufficient resources to settle its obligations as they fall due for the foreseeable future, a period of at least 12 months from the approval date of these financial statements. Accordingly, the financial statements are prepared on a going concern basis.”

Significant events

• “In January 2025, the Company undertook a review of its activities which resulted in the decision to cease operations at the Company's monitoring hub in Newry. The current estimate for the cost of this restructuring is £317,018. As a part of this restructuring, 13 employees were made redundant.”

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

Filings

14

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +18.8%

  £725,609 → £862,150

• Cash

  +25.1%

  £9,680 → £12,108

• Net assets

  +16.1%

  -£189,879 → -£159,257

• Employees

  +13.3%

  15 → 17

• Operating profit

  +18.5%

  £33,724 → £39,951

• Profit before tax

  +23.2%

  £31,934 → £39,340

• Wages

  +26.9%

  £496,534 → £630,199

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