HTEC LIMITED
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Cash
£740k
-6.8% vs 2024
Net assets
£8.5m
-14.6% lowest in 5 filed years
Employees
107
-18.9% lowest in 5 filed years
Profit before tax
-£1.4m
+68.4% vs 2024
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.
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £21,031,751 | £21,411,474 | £15,306,071 | £10,359,993 | £9,578,925 | -7.5% | |
| Operating profit | -£2,856,871 | -£1,057,697 | £1,267,279 | -£4,304,592 | -£1,359,342 | +68.4% | |
| Profit before tax | -£2,932,799 | -£1,072,231 | £1,263,995 | -£4,304,478 | -£1,359,342 | +68.4% | |
| Net profit | -£2,249,518 | -£820,293 | £1,250,259 | -£4,191,012 | -£1,447,158 | +65.5% | |
| Cash | £700,315 | £828,057 | £815,697 | £793,537 | £739,671 | -6.8% | |
| Total assets less current liabilities | £14,518,105 | £13,482,392 | £14,932,173 | £11,193,072 | £8,590,081 | -23.3% | |
| Net assets | £13,704,118 | £12,883,825 | £14,134,084 | £9,943,072 | £8,495,914 | -14.6% | |
| Equity | £13,704,118 | £12,883,825 | £14,134,084 | £9,943,072 | £8,495,914 | -14.6% | |
| Average employees | 215 | 183 | 132 | 132 | 107 | -18.9% | |
| Wages | £9,042,018 | £6,854,100 | £4,935,255 | £4,191,654 | £4,212,934 | +0.5% | |
| Directors' remuneration | £604,909 | £685,734 | — | — | — | — |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | -13.6% | -4.9% | 8.3% | -41.6% | -14.2% | |
| Net margin | -10.7% | -3.8% | 8.2% | -40.5% | -15.1% | |
| Return on capital employed | -19.7% | -7.8% | 8.5% | -38.5% | -15.8% | |
| Gearing (liabilities / total assets) | 47.4% | 28.5% | 25.4% | 32.6% | 37.3% | |
| Current ratio | — | — | 4.45x | 3.99x | 2.57x | |
| Interest cover | -37.63x | -72.77x | — | — | — |
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 2 times since incorporation
- HTEC LIMITED 1987-10-01 → present
- HIGH TECHNOLOGY ELECTRONICS LIMITED 1980-12-31 → 1987-10-01
- HI-TECH ELECTRONICS LIMITED 1980-03-19 → 1980-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved.”
Group structure
- HTEC LIMITED · parent
- Spedinorcon Limited
Significant events
- “In 2025 the Company relocated its warehouse, operation and office facilities to a newer more suitable location for its current business operations.”
- “During the year the Company held an investment in Spedinorcon Limited, which was dissolved on 20 May 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR WESSING SECRETARIES LIMITED | Corporate Secretary | 2023-01-12 | — | — |
| FRANGIS, James Alexander | Director | 2022-09-02 | Jun 1968 | American |
| GEISS, Linnea | Director | 2022-09-02 | Jul 1978 | American |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROYD, David Frederick | Secretary | — | 1998-02-16 |
| COOKE, Oliver Charles | Secretary | 1998-02-19 | 1998-06-09 |
| GOOD, Thomas William | Secretary | 1998-06-09 | 1999-01-13 |
| PATON, Daryl Marc | Secretary | 2017-07-10 | 2020-11-30 |
| PAUL, Edwin Maurice | Secretary | 1999-01-05 | 2011-06-30 |
| SMEETON, Robert Johm | Secretary | 2011-06-30 | 2017-07-10 |
| WILDING, Adrian | Secretary | 2021-05-01 | 2022-09-07 |
| BETT, Alan | Director | 2006-02-27 | 2007-05-23 |
| BRINKMAN, Barrie Leslie | Director | — | 2000-10-31 |
| BROYD, David Frederick | Director | — | 1998-02-19 |
| CLUMP, Carlyle Cyril | Director | 1998-10-05 | 2000-01-11 |
| COOKE, Oliver Charles | Director | 1998-02-19 | 1998-06-09 |
| COOPER, Paul | Director | 2007-01-05 | 2011-05-11 |
| CULLEN, Thomas Lawrence | Director | 1984-02-28 | 1998-12-31 |
| GRINSELL, Adrian Henry | Director | 1999-01-01 | 2007-10-02 |
| HATCHER, Christine | Director | 2022-09-02 | 2023-01-31 |
| JACKSON, Christopher Richard | Director | — | 2000-01-11 |
| KIMBER, David Edward | Director | — | 1998-02-02 |
| LEWIS, Jeremy Michael James | Director | 2013-09-23 | 2021-04-30 |
| MACKIE, Raymond John | Director | 2000-10-23 | 2007-01-05 |
| MCMONIGALL, John Phillips | Director | — | 1995-12-22 |
| MILLS, John Eric | Director | 2003-04-01 | 2007-05-23 |
| MINORS, David Charles Towers | Director | 2000-12-01 | 2002-01-31 |
| MOODY, Michael Hudson | Director | 2002-04-01 | 2007-05-23 |
| PATON, Daryl Marc | Director | 2017-07-10 | 2020-11-30 |
| PAUL, Edwin Maurice | Director | 1999-01-05 | 2009-01-01 |
| RADLEY, Neil Andrew | Director | 2021-05-01 | 2022-06-18 |
| RAVEN, Brian Kenneth | Director | 1998-02-19 | 1998-06-09 |
| REEVE, Colin | Director | 2005-04-06 | 2007-05-23 |
| RUSHTON, Christopher Keith | Director | 1994-10-01 | 1995-12-15 |
| SMEETON, Robert John | Director | 2009-01-01 | 2017-07-10 |
| SMOTHERMAN, Stacey | Director | 2022-09-02 | 2023-10-23 |
| STOCKS, Sarah Jane | Director | 2003-10-01 | 2007-05-23 |
| WHITTAKER, Nigel | Director | 1998-06-09 | 1998-12-08 |
| WILDING, Adrian | Director | 2021-05-01 | 2022-09-03 |
| WILLMORE, David | Director | — | 2003-03-28 |
| VIVANTE PRODUCTIONS LIMITED | Corporate Director | 2011-07-13 | 2013-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Universe Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-02-24 | Active |
| Mr Adrian Wilding | Individual | Significant influence | 2021-05-01 | Ceased 2022-09-03 |
| Mr Neil Andrew Radley | Individual | Significant influence | 2021-05-01 | Ceased 2022-06-18 |
| Mr Daryl Marc Paton | Individual | Significant influence | 2017-07-10 | Ceased 2020-11-30 |
| Htec Group Limited | Corporate entity | Shares 75–100% | 2017-04-01 | Ceased 2025-02-24 |
| Mr Jeremy Michael James Lewis | Individual | Significant influence | 2017-04-01 | Ceased 2021-04-30 |
| Mr Baljit Kumar Tank | Individual | Significant influence | 2017-04-01 | Ceased 2021-03-24 |
| Mr Robert John Smeeton | Individual | Significant influence | 2017-04-01 | Ceased 2017-07-10 |
Filing timeline
Last 20 of 257 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type full | |
| 2026-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-31 | AA | accounts | Accounts with accounts type full | |
| 2025-04-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-13 | AA | accounts | Accounts with accounts type full | |
| 2023-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-26 | AA | accounts | Accounts with accounts type full | |
| 2023-04-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-04-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-18 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2023-04-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-18 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-04-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-05 | DISS40 | gazette | Gazette filings brought up to date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.