SMART SYSTEMS LIMITED
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Cash
£1.4m
-15.4% lowest in 3 filed years
Net assets
£316m
+14.7% highest in 3 filed years
Employees
422
-0.2% vs 2024
Profit before tax
£44m
+341.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £127,250,000 | £122,127,000 | £127,257,000 | +4.2% | |
| Operating profit | £57,697,000 | £17,852,000 | £29,913,000 | +67.6% | |
| Profit before tax | £67,173,000 | £9,965,000 | £44,017,000 | +341.7% | |
| Net profit | £51,282,000 | £3,648,000 | £34,337,000 | +841.3% | |
| Cash | £10,170,000 | £1,634,000 | £1,383,000 | -15.4% | |
| Total assets less current liabilities | £287,458,000 | £275,693,000 | £316,183,000 | +14.7% | |
| Net assets | £287,458,000 | £275,693,000 | £316,183,000 | +14.7% | |
| Equity | £287,458,000 | £275,693,000 | £316,183,000 | +14.7% | |
| Average employees | 414 | 423 | 422 | -0.2% | |
| Wages | £15,602,000 | £16,473,000 | £17,689,000 | +7.4% | |
| Directors' remuneration | £188,000 | £365,000 | £386,000 | +5.8% | |
| Directors' pension contributions | £53,000 | £72,000 | £72,000 | 0% | |
| Highest paid director | £135,000 | £138,000 | £138,000 | 0% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 45.3% | 14.6% | 23.5% | |
| Net margin | 40.3% | 3.0% | 27.0% | |
| Return on capital employed | 20.1% | 6.5% | 9.5% | |
| Gearing (liabilities / total assets) | 7.2% | 5.3% | 4.5% | |
| Current ratio | 1.67x | 2.08x | 2.31x | |
| Interest cover | — | 24.69x | 37.82x |
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 1 time since incorporation
- SMART SYSTEMS LIMITED 1982-05-28 → present
- SMART WINDOWS LIMITED 1977-05-23 → 1982-05-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are satisfied that the company can fulfil all its payments and liabilities as they fall due. Thus, the Company continues to adopt the going concern basis of accounting for the preparation of the financial statements.”
Significant events
- “Management is closely monitoring the developments of the geopolitical conflict in the Middle East and its potential implications for our operations, supply chain and financial performance.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DE BOCK, Hubert | Director | 2025-12-04 | Feb 1968 | Belgian |
| DESMET, Ruben Dries Joost | Director | 2026-06-03 | Jul 1979 | Belgian |
| THOMAS, Dean Anthony | Director | 2024-01-11 | Dec 1974 | British |
| WEST, Mark Robert | Director | 2020-12-08 | Sep 1976 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUYSE, Steven Ian Andre | Secretary | 1999-02-02 | 2002-01-31 |
| ROBINSON, Edward Anthony | Secretary | 2002-02-01 | 2026-06-03 |
| SMART, Susan Elizabeth | Secretary | — | 1999-02-02 |
| ANNE, Oswald Eduard Elvira | Director | 2004-02-11 | 2007-11-28 |
| BARNES, Colin Edward | Director | — | 1999-02-02 |
| BLIJWEERT, Peter Luc Godelieve | Director | 1999-02-02 | 2004-02-11 |
| FLO, Wim | Director | 2012-03-21 | 2023-04-30 |
| JONES, Huw Michael | Director | 1998-10-07 | 1999-02-02 |
| KEMP, Raymond Neil | Director | 1995-08-23 | 1999-02-02 |
| PARTRIDGE, Maurice | Director | — | 1998-04-06 |
| ROBINSON, Edward Anthony | Director | 1999-02-02 | 2026-06-03 |
| SMART, Susan Elizabeth | Director | — | 1999-02-02 |
| VERSTREPEN, Johan Paul Jozef | Director | 1999-02-02 | 2026-06-03 |
| TRUE COLOURS BVBA | Corporate Director | 2010-06-17 | 2025-12-04 |
| WILLIAM LONGUEVILLE BVBA | Corporate Director | 2010-06-17 | 2012-03-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fonuis Uk Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 171 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | AA | accounts | Accounts with accounts type full | |
| 2026-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-25 | AA | accounts | Accounts with accounts type full | |
| 2025-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | AA | accounts | Accounts with accounts type full | |
| 2024-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-05-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-01 | AA | accounts | Accounts with accounts type full | |
| 2022-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-09-27 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 4
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.