NET ZERO TECHNOLOGY CENTRE LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-12 (in 11mo)
Last made up 2026-03-29
Watchouts
Cash
£12M
-12.4% vs 2024
Net assets
£73K
+139.7% vs 2024
Employees
77
-4.9% vs 2024
Profit before tax
£353K
+41.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
While most of the income included within the cash flow projections remains subject to final confirmation or approval at the date of signing these financial statements, the directors remain confident in the actions taken to enhance financial sustainability. Nevertheless, the directors acknowledge that this gives rise to a material uncertainty which may cast significant doubt on the group's ability to continue as a going concern.
Name history
Renamed 3 times since incorporation
- NET ZERO TECHNOLOGY CENTRE LIMITED 2021-06-28 → present
- OGTC LIMITED 2020-11-10 → 2021-06-28
- THE OIL & GAS TECHNOLOGY CENTRE LIMITED 2016-04-19 → 2020-11-10
- THE ABERDEEN OIL & GAS TECHNOLOGY CENTRE LIMITED 2016-04-01 → 2016-04-19
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £22,610,000 | £22,703,000 | |
| Operating profit | £248,000 | £351,000 | |
| Profit before tax | £249,000 | £353,000 | |
| Net profit | £173,000 | £257,000 | |
| Cash | £13,491,000 | £11,816,000 | |
| Total assets less current liabilities | -£184,000 | £95,000 | |
| Net assets | -£184,000 | £73,000 | |
| Equity | -£184,000 | £73,000 | |
| Average employees | 81 | 77 | |
| Wages | £5,732,000 | £5,268,000 |
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 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 1.1% | 1.5% | |
| Net margin | 0.8% | 1.1% | |
| Return on capital employed | -134.8% | 369.5% | |
| Current ratio | 0.94x | 0.96x |
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
- Consolidated group
- Auditor
- AAB Audit and Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“While most of the income included within the cash flow projections remains subject to final confirmation or approval at the date of signing these financial statements, the directors remain confident in the actions taken to enhance financial sustainability. Nevertheless, the directors acknowledge that this gives rise to a material uncertainty which may cast significant doubt on the group's ability to continue as a going concern.”
Group structure
- NET ZERO TECHNOLOGY CENTRE LIMITED · parent
- Net Zero Technology Advisory Limited 100%
- Net Zero Technology Services Limited 100%
- Net Zero Technology Investments Limited 100%
- Net Zero Technology Solutions Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORRAY, Jeffery Neal Joseph | Director | 2018-08-23 | Mar 1963 | Malaysian |
| DAWES, Myrtle May | Director | 2023-07-12 | Sep 1968 | British |
| DITCHBURN, Elizabeth Jean | Director | 2022-12-07 | Aug 1960 | British |
| HAGEMANN, Karin | Director | 2021-08-11 | Sep 1958 | Swiss |
| MATHER, Peter James | Director | 2022-04-13 | Jul 1960 | British |
| REES, Sian Lloyd | Director | 2022-06-15 | Aug 1960 | British |
| REIP, Alex, Dr | Director | 2021-08-11 | Jun 1986 | British |
| REYNARD, Kevin Duncan | Director | 2024-12-11 | Feb 1965 | British |
| SHEIKH, Sarim | Director | 2023-09-05 | Mar 1973 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BACKUS, Jeffrey Michael | Director | 2017-01-18 | 2018-08-23 |
| CAMPBELL, Melfort Andrew | Director | 2017-01-18 | 2021-06-09 |
| COHEN, Colette Brigid | Director | 2017-01-18 | 2023-07-12 |
| CORCORAN, Mikki Victoria | Director | 2020-05-22 | 2021-06-09 |
| DE LEEUW, Paul | Director | 2017-01-18 | 2021-06-09 |
| DUNNETT, William Sutherland | Director | 2018-02-07 | 2020-08-05 |
| FLEMING, Michael John | Director | 2017-01-18 | 2022-02-11 |
| GARLICK, Trevor William | Director | 2017-03-29 | 2021-06-09 |
| GILBERT, Martin James | Director | 2020-06-03 | 2023-07-12 |
| HAGAN, Paul, Professor | Director | 2017-01-18 | 2018-10-11 |
| HANNAFORD, Philip Christopher, Professor | Director | 2018-08-23 | 2019-09-03 |
| KENNEDY, Archibald Wood | Director | 2017-01-18 | 2020-06-03 |
| KILBURN, Jeremy Dunbar, Professor | Director | 2017-01-18 | 2017-09-12 |
| KING, Gillian Ann | Director | 2020-02-05 | 2021-07-31 |
| KING, Terri Gay | Director | 2018-04-20 | 2019-09-05 |
| LEYDECKER, Karl Gerard | Director | 2019-09-03 | 2021-06-09 |
| MCCULLOCH, Neil James | Director | 2020-02-24 | 2022-06-15 |
| PROUST VAN HEESWIJK, Elisabeth Francoise | Director | 2017-01-18 | 2018-04-17 |
| RIDDOCH, Ray Christopher John | Director | 2017-01-18 | 2020-02-24 |
| SAMUEL, Marcus Andrew | Director | 2017-01-18 | 2022-12-07 |
| SCRIMGEOUR, John Anderson, Non-Executive Chairman | Director | 2017-01-18 | 2018-08-23 |
| SIMS, Neil Ronald | Director | 2020-10-14 | 2021-06-09 |
| SIMS, Neil Ronald | Director | 2017-01-18 | 2020-10-14 |
| WHITE, Paul William | Director | 2017-01-18 | 2018-02-12 |
| WOOD, Ian Clark, Sir | Director | 2016-04-01 | 2017-03-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ms Myrtle May Dawes | Individual | Voting 25–50% | 2023-07-12 | Active |
| Mr Jeffery Neal Joseph Corray | Individual | Voting 25–50% | 2023-07-12 | Active |
| Mr Peter James Mather | Individual | Voting 25–50% | 2022-04-13 | Active |
| Colette Cohen | Individual | Voting 25–50% | 2021-05-11 | Ceased 2023-07-12 |
| Mr Martin James Gilbert | Individual | Voting 25–50% | 2021-05-11 | Ceased 2023-07-12 |
| Michael John Fleming | Individual | Voting 25–50% | 2021-05-11 | Ceased 2022-02-11 |
Filing timeline
Last 20 of 108 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-14 MA Memorandum articles
- 2025-04-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-09 | AA | accounts | Accounts with accounts type group | |
| 2026-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | MA | incorporation | Memorandum articles | |
| 2025-04-14 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-13 | AA | accounts | Accounts with accounts type group | |
| 2024-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-11 | CH01 | officers | Change person director company with change date | |
| 2024-04-11 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-12-07 | AA | accounts | Accounts with accounts type group | |
| 2023-11-03 | CH01 | officers | Change person director company with change date | |
| 2023-10-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-10-26 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-09-06 | CH01 | officers | Change person director company with change date | |
| 2023-09-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-24 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-12 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-07-12 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
+0.4%
£22,610,000 £22,703,000
-
Cash
-12.4%
£13,491,000 £11,816,000
-
Net assets
+139.7%
-£184,000 £73,000
-
Employees
-4.9%
81 77
-
Operating profit
+41.5%
£248,000 £351,000
-
Profit before tax
+41.8%
£249,000 £353,000
-
Wages
-8.1%
£5,732,000 £5,268,000
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