NIDEC SR DRIVES LTD.
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-21 (in 5mo)
Last made up 2025-10-07
Watchouts
None on the register
Cash
£3M
-2.4% lowest in 5 filed years
Net assets
£5M
+2.2% vs 2024
Employees
16
0% vs 2024
Profit before tax
£128K
+85.2% vs 2024
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £4,381,495 | — | — | £1,843,621 | £1,910,002 | |
| Operating profit | — | — | -£728,128 | — | — | £68,889 | £127,549 | |
| Profit before tax | — | — | £480,606 | £531,780 | £350,020 | £68,889 | £127,549 | |
| Net profit | — | — | £489,181 | £475,813 | £273,672 | £46,140 | £95,463 | |
| Cash | — | — | £4,355,935 | £4,639,828 | £5,464,817 | £2,827,332 | £2,758,384 | |
| Total assets less current liabilities | — | — | £6,009,648 | £6,526,133 | £6,790,912 | £4,454,639 | £4,543,936 | |
| Net assets | — | — | £6,009,648 | £6,485,461 | £6,759,133 | £4,435,627 | £4,531,090 | |
| Equity | £5,102,688 | £5,520,467 | £6,009,648 | £6,485,461 | £6,759,133 | £4,435,627 | £4,531,090 | |
| Average employees | — | — | 18 | 15 | 17 | 16 | 16 | |
| Wages | — | — | £881,457 | £713,788 | £833,943 | £866,811 | £871,194 | |
| Directors' remuneration | — | — | £212,487 | £140,969 | £142,569 | £156,934 | £110,291 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+3.6%
£1,843,621 £1,910,002
-
Cash
-2.4%
£2,827,332 £2,758,384
lowest in 5 filed years
-
Net assets
+2.2%
£4,435,627 £4,531,090
-
Employees
0%
16 16
-
Operating profit
+85.2%
£68,889 £127,549
highest in 3 filed years
-
Profit before tax
+85.2%
£68,889 £127,549
-
Wages
+0.5%
£866,811 £871,194
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -16.6% | — | — | 3.7% | 6.7% | |
| Net margin | — | — | 11.2% | — | — | 2.5% | 5.0% | |
| Return on capital employed | — | — | -12.1% | — | — | 1.5% | 2.8% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 11.2% | 7.8% | |
| Current ratio | — | — | — | — | — | 8.92x | 13.00x | |
| Interest cover | — | — | -473.43x | — | — | — | — |
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
- NIDEC SR DRIVES LTD. 2011-02-08 → present
- SWITCHED RELUCTANCE DRIVES LIMITED 1980-09-12 → 2011-02-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through cash generated from operations. The company's income consists solely of compensation payments received from its parent in return for work carried out for group companies. The company's forecasts and projections for the next twelve months show that the company should be able to continue in operational existence for that period, taking into account reasonable possible changes in trading performance. The parent company has indicated it will continue with its current policy of compensating the company for work carried out on behalf of the group and has issued a letter of support confirming its continued financial support for a period of not less than twelve months from the date these financial statements are signed. Based on the factors set out above the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAYOLLE, Rony | Secretary | 2022-09-26 | — | — |
| TANKARD, Michael Paul | Director | 2015-04-01 | Sep 1970 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LIDSTER, Gerald | Secretary | 1993-05-12 | 2009-03-03 |
| PIMM-JONES, Rachel Ann | Secretary | 2021-04-16 | 2022-07-29 |
| RAWLINS, Paul Andrew | Secretary | 2018-01-01 | 2021-04-16 |
| RAY, William Frederick | Secretary | — | 1993-05-12 |
| WALL, Malcolm Ian | Secretary | 2009-03-03 | 2018-01-01 |
| AMBORT, Sidney John | Director | 2018-08-17 | 2022-07-29 |
| BLAKE, Roy John | Director | — | 2018-01-01 |
| BROWN, Geoffrey Thomas | Director | 2008-10-28 | 2019-03-31 |
| BUCKLEY, George William | Director | 1994-07-25 | 1997-08-29 |
| CUMMINS, Stephen Paul | Director | 2017-10-20 | 2021-02-02 |
| DELAGE, Olivier Henri | Director | 1994-07-25 | 2002-07-31 |
| DICKINSON, Phillip George, Dr | Director | 2022-09-26 | 2026-03-04 |
| ELLIOT, Ian Robertson | Director | — | 1993-05-12 |
| ELLIOTT, Robert Joseph | Director | 2010-09-27 | 2016-10-21 |
| GIFFORD, David Olof | Director | 1994-07-25 | 2008-01-14 |
| HAINES, Geoffrey Bryan Walter | Director | — | 2010-01-12 |
| HEPPE, Richard Alan | Director | 2008-01-14 | 2016-10-21 |
| HITTIE, William | Director | 2016-10-21 | 2018-05-11 |
| LAWRENSON, Peter John | Director | — | 2002-09-30 |
| LEVINE, Greg | Director | 2013-01-01 | 2018-08-17 |
| MCCLELLAND, Michael Leo | Director | 2006-09-29 | 2008-10-28 |
| PEACHEE, Calvin Theodore | Director | 2008-01-14 | 2010-09-27 |
| PIMM-JONES, Rachel Ann | Director | 2021-04-16 | 2022-07-29 |
| RAWLINS, Paul Andrew | Director | 2017-10-01 | 2021-04-16 |
| SCHNYDER, William Joseph Robert | Director | 1994-07-25 | 2008-01-14 |
| SOOD, Pradeep Kumar | Director | 2010-09-27 | 2012-12-31 |
| STEPHENSON, John Michael | Director | — | 1994-07-25 |
| SUGDEN, David Mark, Mr. | Director | 2008-10-28 | 2012-07-30 |
| TURNER, Michael James, Dr | Director | 2008-10-28 | 2019-03-31 |
| WALL, Malcolm Ian | Director | 2010-09-27 | 2017-09-30 |
| WEINRICH, Darryl | Director | 2016-10-21 | 2018-08-17 |
| WEUBBELS, Brian Anthony | Director | 2018-08-17 | 2022-07-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nidec Motor Holdings Corporation | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 170 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-17 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-06 | AA | accounts | Accounts with accounts type full | |
| 2025-10-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-31 | AA | accounts | Accounts with accounts type full | |
| 2024-10-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-24 | AA | accounts | Accounts with accounts type full | |
| 2023-10-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-30 | AA | accounts | Accounts with accounts type full | |
| 2022-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | CH03 | officers | Change person secretary company with change date | |
| 2022-10-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-10-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-31 | AA | accounts | Accounts with accounts type full | |
| 2021-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-16 | TM01 | officers | Termination director company with name termination date | |
| 2021-04-16 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.