SRUC INNOVATION LIMITED
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Next accounts due
2027-04-30 (in 11mo)
Last filed for 2025-07-31
Confirmation statement due
2027-02-10 (in 9mo)
Last made up 2026-01-27
Watchouts
Cash
£45K
Latest balance sheet
Net assets
-£1M
Equity attributable
Employees
—
Average over period
Profit before tax
£2M
Period ending 2025-07-31
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 2 times since incorporation — the current trading name was adopted 2024-06-28
- SRUC INNOVATION LIMITED 2024-06-28 → present
- SAC COMMERCIAL LIMITED 2001-04-05 → 2024-06-28
- COSAR LIMITED 1994-01-27 → 2001-04-05
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-07-31
| Metric | Trend | 2024-03-31 | 2025-07-31 |
|---|---|---|---|
| Turnover | £30,630,000 | £42,700,000 | |
| Operating profit | -£1,029,000 | £1,704,000 | |
| Profit before tax | -£1,063,000 | £1,617,000 | |
| Net profit | -£1,063,000 | £1,617,000 | |
| Cash | £583,000 | £45,000 | |
| Total assets less current liabilities | -£1,848,000 | -£1,481,000 | |
| Net assets | -£1,848,000 | -£1,481,000 | |
| Equity | -£1,848,000 | -£1,481,000 | |
| Average employees | — | — | |
| Wages | £318,000 | £351,000 |
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 | 2024-03-31 | 2025-07-31 |
|---|---|---|---|
| Operating margin | -3.4% | 4.0% | |
| Net margin | -3.5% | 3.8% | |
| Return on capital employed | 55.7% | -115.1% | |
| Gearing (liabilities / total assets) | 123.9% | 120.3% | |
| Current ratio | 0.81x | 0.78x | |
| Interest cover | -30.26x | 19.59x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company incurred a profit and reports period end net liabilities of £1,481k (31 March 2024: net liabilities of £1,848k). The company continues to have the support of its parent, SRUC, to underpin the going concern assumption. The Directors have no reason to believe that a material uncertainty exists that may cause significant doubt on the ability of SRUC to continue as a going concern and therefore to continue to provide support to the Company.”
Significant events
- “On 26 March 2025 SRUC Innovation Limited acquired 24% of shares in Agrecalc Limited, increasing its shareholding to 77%. During the period, the trade and net assets of Agrecalc Limited were transferred ("hived up") into SRUC Innovation Limited (note 6). Following the hive-up, Agrecalc Limited ceased trading.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 71 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR, Devon Mae Palmer | Secretary | 2023-03-01 | — | — |
| HAYTER, Katrina Elizabeth, Dr | Director | 2024-07-01 | May 1979 | British |
| NEWBOLD, Charles James, Professor | Director | 2024-07-01 | Sep 1961 | British |
| PEDDIE, Andrew Richard | Director | 2025-12-12 | Mar 1958 | British |
| POWELL, Wayne, Professor | Director | 2016-07-01 | Jun 1953 | British |
| SMITH, Michael Andrew, Professor | Director | 2021-03-25 | Nov 1951 | British |
| THOMSON, Mary Elizabeth, Dr | Director | 2024-07-01 | Mar 1975 | British |
Show 71 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOWDEN, Helen | Secretary | 2017-06-09 | 2017-07-06 |
| PEEBLES, Richard John Colin | Secretary | 2018-01-29 | 2023-02-28 |
| SCOTT, Gavin William Thomson | Secretary | 1994-01-27 | 1999-08-16 |
| SWADLING, Janet Diana | Secretary | 1999-08-16 | 2017-06-08 |
| ANDERSON, Alastair | Director | 2001-06-05 | 2004-09-30 |
| ANDERSON, Hugh Francis | Director | 2019-06-06 | 2024-01-25 |
| ATKINSON, David | Director | 1998-10-20 | 2002-10-09 |
| BACKWELL, Frances Rose Colette, Doctor | Director | 2013-10-11 | 2014-12-20 |
| BARBER, Geoffrey Duxbury, Professor | Director | 1998-10-20 | 1999-06-01 |
| BELL, David John | Director | 2024-07-01 | 2025-09-11 |
| BELL, James Johnstone | Director | 1995-11-07 | 1999-10-05 |
| BIGGAR, Donald James | Director | 2006-10-04 | 2014-10-10 |
| BORWICK, Luke Malise | Director | 2010-10-08 | 2017-10-05 |
| BROWN, Quintin | Director | 1994-06-07 | 1995-11-07 |
| BUCHANAN, Alistair Ewing | Director | 1999-08-03 | 2000-12-31 |
| BULFIELD, Grahame John, Professor | Director | — | 2012-10-05 |
| CALVERT, Michael | Director | 1997-12-12 | 1999-10-05 |
| CAMPBELL, Andrew Robertson | Director | 1997-12-12 | 2003-10-09 |
| COWENS, Jonathan Michael | Director | 2010-01-11 | 2014-08-31 |
| CROFT, Roger Stanley, Professor | Director | 2002-10-09 | 2010-10-07 |
| CROSS, John Edward | Director | 2015-10-09 | 2024-06-27 |
| CUMMING, James Roderick Alexander | Director | 2017-08-01 | 2020-09-30 |
| CUMMING, James Roderick Alexander | Director | 2011-04-01 | 2015-03-12 |
| CURRY, Donald Thomas Younger, Lord | Director | 2001-04-03 | 2006-10-04 |
| DALRYMPLE, Fiona Jane, Hon | Director | 1997-12-12 | 2002-10-09 |
| DINNING, Robert James | Director | 2013-10-11 | 2014-12-11 |
| DOUGLAS, Ian Mayall | Director | 2002-10-09 | 2007-10-04 |
| FERGUSON, William James | Director | 1994-06-07 | 1996-10-02 |
| FORREST, Robert Jack | Director | 1997-12-12 | 2004-10-06 |
| GEMMELL, John Stewart, Dr | Director | 2002-08-13 | 2009-07-03 |
| GILLILAND, John William David, Professor | Director | 2007-10-04 | 2015-10-08 |
| GRAHAM, Henry Ralph | Director | 2003-10-09 | 2011-10-07 |
| GREEN, David Russell | Director | 2008-10-09 | 2016-10-06 |
| HENDERSON, John Adam | Director | 2002-10-09 | 2008-10-09 |
| HOUSTON, Stewart | Director | 2010-10-08 | 2014-09-30 |
| INVERARITY, James Alexander | Director | 1994-01-27 | 1998-10-20 |
| IVORY, Ian Eric | Director | 2000-04-04 | 2007-10-04 |
| LACEY, Andrew Jonathan | Director | 2022-05-26 | 2024-04-12 |
| LAING, Alasdair North Grant | Director | 1997-12-12 | 2003-10-09 |
| LINDSAY, James Randolph, Earl Of Lindsay | Director | 2005-10-05 | 2015-10-08 |
| LINKLATER, Karl Alexander, Professor | Director | 1998-10-20 | 2001-09-20 |
| MACEWAN, Colin Hugh | Director | 2019-06-06 | 2020-06-30 |
| MACHRAY, Patrick John | Director | 2007-10-04 | 2017-07-31 |
| MACKIE, Maitland | Director | 1996-12-12 | 2003-10-09 |
| MARSHALL, Alistair John | Director | 2012-10-05 | 2022-09-07 |
| MARSHALL, Wilson Mcdonald | Director | 2012-10-05 | 2017-10-05 |
| MCDAID, Seamus, Professor | Director | 2013-10-11 | 2015-03-12 |
| MCKELVEY, William Alexander Campbell, Professor | Director | 1999-06-01 | 2012-01-31 |
| MCKENZIE, David Moffat, Professor | Director | 2012-10-05 | 2014-12-11 |
| MCLAREN, Jim (James) Crawford | Director | 2011-10-07 | 2013-10-10 |
| MCLEAN, James | Director | 2015-10-09 | 2018-08-23 |
| MCMYN, John | Director | 1997-12-12 | 2000-10-03 |
| MILLAR, Caroline Agnes | Director | 2017-10-06 | 2020-09-30 |
| MILLER, Nigel Alexander | Director | 2015-05-01 | 2018-04-20 |
| NEWBOLD, Charles James, Professor | Director | 2020-06-08 | 2024-06-27 |
| OVERTON, Dennis Karl | Director | 2019-11-28 | 2024-06-27 |
| PATERSON, William Guthrie Wilson | Director | 1998-10-20 | 2000-06-05 |
| RICHARDS, Katherine Anne, Dr | Director | 2013-10-11 | 2024-06-27 |
| SCOTT, Gavin William Thomson | Director | 1997-12-12 | 1999-08-16 |
| SHAW, Susan, Professor | Director | 1997-12-12 | 2000-10-03 |
| SIMM, Geoff, Professor | Director | 2009-12-10 | 2016-06-29 |
| SMITH, Lawrence Dennis | Director | 1994-06-07 | 1998-10-20 |
| STEVELY, William Stewart, Professor | Director | 2005-10-05 | 2013-10-10 |
| SWADLING, Janet Diana | Director | 2001-10-02 | 2017-06-08 |
| THAIN, Eric | Director | 1994-01-27 | 1997-12-12 |
| THOMAS, Phillip Charles, Prof | Director | 1994-01-27 | 1999-01-31 |
| VOLANS, Kevin John Sayers | Director | 1999-06-01 | 2001-10-02 |
| WEBB, Robert, Professor | Director | 2012-04-01 | 2013-11-30 |
| WHITTEMORE, Colin Trengove, Professor | Director | 2000-08-01 | 2008-10-09 |
| WIJNBERG, Mike | Director | 2015-07-02 | 2018-05-04 |
| WOOD, Robert Bruce | Director | 2017-10-06 | 2024-06-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sruc | Corporate entity | Shares 75–100%, Voting 75–100% | 2024-06-06 | Active |
| Sac Corporate Trustee Limited | Corporate entity | ownership-of-shares-75-to-100-percent-as-trust | 2016-06-30 | Ceased 2024-06-06 |
Filing timeline
Last 20 of 249 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-07-11 RESOLUTIONS Resolution
- 2024-07-03 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-31 | AA | accounts | Accounts with accounts type full | |
| 2025-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-08 | AA01 | accounts | Change account reference date company current extended | |
| 2025-05-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-09 | AA | accounts | Accounts with accounts type full | |
| 2024-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-11 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-03 | MA | incorporation | Memorandum articles | |
| 2024-07-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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 2025-07-31 vs 2024-03-31