GEOTECHNICAL ENGINEERING LIMITED
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Cash
£1.6M
+0.6% vs 2024
Net assets
£4.1M
+0.2% vs 2024
Employees
165
+5.8% highest in 6 filed years
Profit before tax
£9.6K
-72.7% first positive since 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £21,906,552 | £20,766,381 | £14,592,245 | £16,028,682 | £18,729,879 | £21,223,934 | +13.3% | |
| Operating profit | £2,045,460 | £2,645,074 | £120,571 | -£451,268 | £152,030 | £124,595 | -18% | |
| Profit before tax | £1,997,247 | £2,598,035 | £38,944 | -£568,409 | £35,224 | £9,630 | -72.7% | |
| Net profit | £1,656,625 | £2,055,584 | £141,911 | -£443,409 | £35,224 | £9,630 | -72.7% | |
| Cash | £5,788,534 | £3,965,240 | £2,065,517 | £1,199,623 | £1,601,041 | £1,611,214 | +0.6% | |
| Total assets less current liabilities | £5,046,608 | £7,397,003 | £6,623,244 | £5,815,557 | £5,376,789 | £5,311,882 | -1.2% | |
| Net assets | £2,938,247 | £4,927,831 | £4,739,742 | £4,048,833 | £4,084,057 | £4,093,687 | +0.2% | |
| Equity | £2,938,247 | £4,927,831 | £4,739,742 | £4,048,833 | £4,084,057 | £4,093,687 | +0.2% | |
| Average employees | 146 | 158 | 145 | 154 | 156 | 165 | +5.8% | |
| Wages | £5,301,027 | £5,895,694 | £5,707,175 | £5,886,870 | £6,126,420 | £6,781,234 | +10.7% | |
| Directors' remuneration | £505,280 | £481,514 | £530,176 | £656,992 | £725,776 | £648,006 | -10.7% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 9.3% | 12.7% | 0.8% | -2.8% | 0.8% | 0.6% | |
| Net margin | 7.6% | 9.9% | 1.0% | -2.8% | 0.2% | 0.0% | |
| Return on capital employed | 40.5% | 35.8% | 1.8% | -7.8% | 2.8% | 2.3% | |
| Gearing (liabilities / total assets) | — | — | — | — | 58.0% | 60.1% | |
| Current ratio | — | — | — | 1.56x | 1.50x | 1.34x | |
| Interest cover | 42.43x | 56.23x | 1.48x | -3.85x | 1.16x | 1.08x |
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
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Turnover for the year increased by circa 13% to £21.2M, aligning with a longer-term trend for steady growth. The first half of the year was affected by contract cancellations or postponements, resulting in significant financial losses, while the second half was busier and more profitable. Overall, the company made a small profit of £10k for the year.”
- “Significant capital investment continued in drilling rigs and ancillary equipment, surveying and laboratory equipment, a range of vehicles, and in ICT hardware and software.”
- “The industry is vulnerable to short-term decision making on infrastructure projects by the prevailing government; however, the company has successfully weathered the situation for the last 64 years and maintained its excellent reputation.”
- “No known contingent liabilities at 31 October 2025.”
- “As at 31 October 2025, the company had total capital commitments of £542,934 (2024: £713,615).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MILNE, Andrew Brian | Secretary | — | — | British |
| BROCKLESBY, Martyn Eric | Director | 2012-06-15 | Nov 1969 | British |
| HANSON, John Christopher Wilfred | Director | 2004-07-01 | Jul 1967 | British |
| MILNE, Alice Lucinda Mary | Director | 1997-03-31 | Oct 1960 | British |
| MILNE, Andrew Brian | Director | — | Nov 1959 | British |
| SHEPHERD, Lisa Jane Margaret | Director | 2023-07-25 | Dec 1984 | British |
| TAYLOR, James Christian | Director | 2022-11-10 | Nov 1983 | British |
| YATES, Christopher Martin | Director | 2021-04-14 | Apr 1986 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARTON, Lyndon Allan | Director | 2012-06-15 | 2025-01-07 |
| COOPER, William James Ranson | Director | 2014-02-03 | 2015-09-23 |
| LOWE, Emma Louise | Director | 2014-07-16 | 2017-11-30 |
| MILNE, Anthony | Director | — | 1993-07-01 |
| PARRY, Neil Varne | Director | 2005-01-01 | 2025-10-31 |
| RISBEY, Robert Frederick | Director | — | 1997-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew Brian Milne | Individual | Shares 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 141 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-22 | AA | accounts | Accounts with accounts type full | |
| 2026-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-24 | AA | accounts | Accounts with accounts type full | |
| 2025-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-11 | AA | accounts | Accounts with accounts type full | |
| 2024-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-31 | AA | accounts | Accounts with accounts type full | |
| 2022-11-23 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-02-23 | AA | accounts | Accounts with accounts type full | |
| 2021-09-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2021-03-10 | AA | accounts | Accounts with accounts type full | |
| 2020-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- 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.