THERMOTEKNIX SYSTEMS LIMITED

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

• Turnover

  -11.6%

  £16,188,194 → £14,303,265

• Cash

  -23.3%

  £13,466,555 → £10,322,685

  lowest in 4 filed years

• Net assets

  -18.4%

  £10,220,816 → £8,344,797

  lowest in 3 filed years

• Employees

  -1.4%

  69 → 68

• Operating profit

  -428.2%

  £682,923 → -£2,241,160

• Profit before tax

  -272.4%

  £1,088,166 → -£1,876,019

  lowest in 3 filed years

• Wages

  +9%

  £7,141,294 → £7,785,017

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Price Bailey LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“the directors have considered the company's strong balance sheet position and the performance of the company in the current year and subsequent to the year end. The directors therefore believe the company continues to be a going concern and have prepared the financial statements on a going concern basis.”

Group structure

1. THERMOTEKNIX SYSTEMS LIMITED · parent
   1. Thermoteknix Systems (HK) Limited 100% · Hong Kong

Significant events

• “Thermoteknix commitment to innovation and commercial success has been widely recognized, including receiving the first-ever King's Award for Enterprise 2023 in International Trade and a second King's Award for Enterprise 2024 in Innovation, recognising Thermoteknix success in its Augmented Reality enhanced Night Vision and Thermal Imaging products. This marks the company's fifth such Royal award, following earlier "Queen's Award for Enterprise, Export" and two "Queen's Awards for Enterprise, Innovation".”
• “Global success has also been achieved with the recent launch of innovative new products in both the industrial and surveillance sectors. Increased global tension and activity in Eastern Europe have created new opportunities for Thermoteknix security and surveillance products, where the company's expertise is in high demand.”
• “The UK's decision to leave the European Union has introduced uncertainty for many businesses, resulting in fluctuations in currency exchange rates. Thermoteknix continues to assess the implications of limited access to European markets while seeking to capitalize on expanded global opportunities.”
• “Despite a reduction in turnover in the current year and substantial ongoing investment in R&D projects Thermoteknix has maintained positive cash flow, strong cash reserves, and a solid balance sheet.”
• “The global semiconductor shortage impacted product manufacturing and delivery times, as well as component purchase prices driven to unprecedented levels.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.