PANEL SYSTEMS LIMITED
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Cash
£4.2M
-2.5% vs 2024
Net assets
£5.7M
-1.3% vs 2024
Employees
61
-3.2% vs 2024
Profit before tax
£100K
-74.5% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £12,053,225 | £11,339,322 | £10,041,135 | -11.4% | |
| Operating profit | £1,042,739 | £164,137 | -£88,941 | -154.2% | |
| Profit before tax | £1,046,555 | £393,410 | £100,440 | -74.5% | |
| Net profit | £849,481 | £294,868 | £72,938 | -75.3% | |
| Cash | £3,768,910 | £4,326,708 | £4,219,235 | -2.5% | |
| Total assets less current liabilities | £4,970,055 | £5,803,000 | £5,715,938 | -1.5% | |
| Net assets | £4,969,455 | £5,792,000 | £5,714,938 | -1.3% | |
| Equity | £4,969,455 | £5,792,000 | £5,714,938 | -1.3% | |
| Average employees | 61 | 63 | 61 | -3.2% | |
| Wages | £1,776,828 | £2,021,442 | £2,004,063 | -0.9% | |
| Directors' remuneration | £34,470 | £17,320 | £14,054 | -18.9% |
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 | 2021-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 8.7% | 1.4% | -0.9% | |
| Net margin | 7.0% | 2.6% | 0.7% | |
| Return on capital employed | 21.0% | 2.8% | -1.6% | |
| Current ratio | — | 4.39x | 4.94x |
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.
Name history
Renamed 3 times since incorporation
- PANEL SYSTEMS LIMITED 1985-02-13 → present
- SHEFFIELD INSULATION SYSTEMS LIMITED 1980-12-31 → 1985-02-13
- TELSTAR PANELS LIMITED 1977-12-31 → 1980-12-31
- SHEFFIELD INSULATIONS (SOLENT) LIMITED 1974-08-05 → 1977-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Sumer Auditco Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The auditor concluded that the director's use of the going concern basis of accounting is appropriate. No material uncertainties were identified that 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
- “The Company has seen two of its main markets, Caravans and Construction, struggle with falling demand and delays to the approval of building projects. The outlook for 2026 remains uncertain with a rise in company closures impacting on activity levels.”
- “The disruption caused by the war in the Middle East will impact on a range of material costs and will result in higher sales prices and could further limit market activity.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| IBBOTSON, Christopher Malcolm | Director | — | Jun 1952 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FAIRBURN, Carol | Secretary | 2007-03-19 | 2024-05-06 |
| MILNES, David Raymond | Secretary | 1991-05-24 | 2007-03-19 |
| PRUST, Francis Charles | Secretary | — | 1991-05-24 |
| ADSETTS, William Norman, Sir | Director | — | 1991-05-24 |
| DICKINSON, Michael John | Director | 1991-07-11 | 2001-12-06 |
| FORRESTER, William Wilson | Director | — | 1991-05-24 |
| MILNES, David Raymond | Director | — | 2007-03-19 |
| PRUST, Francis Charles | Director | — | 1991-05-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Panel Systems (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-11-18 | Active |
| Mr Christopher Malcolm Ibbotson | Individual | Shares 75–100%, Voting 75–100%, Appoints directors (as firm), Significant influence (as firm) | 2016-04-07 | Ceased 2021-11-18 |
Filing timeline
Last 20 of 123 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | AA | accounts | Accounts with accounts type full | |
| 2026-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-18 | AA | accounts | Accounts with accounts type full | |
| 2025-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-17 | AA | accounts | Accounts with accounts type medium | |
| 2024-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-07 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-26 | AA | accounts | Accounts with accounts type full | |
| 2022-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-07 | AA | accounts | Accounts with accounts type full | |
| 2021-11-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-11-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-05-12 | AA | accounts | Accounts with accounts type full | |
| 2021-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-25 | AA | accounts | Accounts with accounts type full | |
| 2020-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-05-24 | AA | accounts | Accounts with accounts type full | |
| 2019-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-05-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.