ORBITAL GAS SYSTEMS LIMITED
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Cash
£3.6M
Latest balance sheet
Net assets
£11M
highest in 5 filed years
Employees
135
highest in 5 filed years
Profit before tax
£3.7M
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Accounts not prepared on a going-concern basis
The financial statements have been prepared on a basis other than a going concern for the 15-month period ended 31 December 2025. On 30 April 2026, the trade, assets and liabilities of nZero Group Limited, which Orbital Gas Systems Limited is a part of, and its subsidiaries will be hived up and transferred into Bilfinger UK Limited,...
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1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Going-concern uncertainty disclosed
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 | 2021-12-28 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £9,332,000 | £6,962,000 | £12,318,000 | £15,051,000 | £30,408,000 | — | |
| Operating profit | — | — | £198,000 | £1,454,000 | £3,469,000 | — | |
| Profit before tax | -£503,000 | £225,000 | £215,000 | £1,603,000 | £3,706,000 | — | |
| Net profit | £83,000 | £225,000 | £524,000 | £2,615,000 | £3,347,000 | — | |
| Cash | £818,000 | £2,422,000 | £3,826,000 | £4,925,000 | £3,613,000 | — | |
| Total assets less current liabilities | £4,817,000 | £5,035,000 | £5,546,000 | £8,148,000 | £11,476,000 | — | |
| Net assets | £4,605,000 | £4,830,000 | £5,354,000 | £7,969,000 | £11,316,000 | — | |
| Equity | £4,605,000 | £4,830,000 | £5,354,000 | £7,969,000 | £11,316,000 | — | |
| Average employees | 92 | 88 | 95 | 106 | 135 | — | |
| Wages | £4,557,000 | £2,776,000 | £4,096,000 | £4,268,000 | £8,220,000 | — | |
| Directors' remuneration | £118,000 | £46,000 | — | — | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 15 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-28 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | 1.6% | 9.7% | 11.4% | |
| Net margin | 0.9% | 3.2% | 4.3% | 17.4% | 11.0% | |
| Return on capital employed | — | — | 3.6% | 17.8% | 30.2% | |
| Gearing (liabilities / total assets) | — | — | — | 40.0% | 48.9% | |
| Current ratio | — | — | 2.18x | 2.56x | 2.05x | |
| Interest cover | — | — | — | 90.88x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The financial statements have been prepared on a basis other than a going concern for the 15-month period ended 31 December 2025. On 30 April 2026, the trade, assets and liabilities of nZero Group Limited, which Orbital Gas Systems Limited is a part of, and its subsidiaries will be hived up and transferred into Bilfinger UK Limited,...”
Group structure
- ORBITAL GAS SYSTEMS LIMITED · parent
- Orbital Gas (Process and Instrumentation) Limited 100%
Significant events
- “Industrial services provider Bilfinger acquired nZero and its subsidiaries in May 2025 strengthening its market position in gas.”
- “The exceptional costs are in relation to the following: £373,750 of employce/director related bonuses incurred in relation to the sale of 100% of the share capital of nZero Group Limited and its subsidiaries.”
- “On 1 January 2026, the employees of the company were transferred under TUPE regulations to Bilfinger UK Limited, nZero Group Limited's immediate parent undertaking. All known employee related liabilities of the company were assumed by Bilfinger UK Limited as part of this process.”
- “On 30 April 2026, the trade, assets and liabilities of nZero Group Limited, which Orbital Gas Systems Limited is a part of, and its subsidiaries were transferred to Bilfinger UK Limited, the company's immediate parent undertaking, by way of an intra-group hive-up. Following completion of this transfer, nZero Group Limited ceased to trade and became a dormant company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLEN, Matthew Robert | Director | 2022-05-10 | Jul 1976 | British |
| BONNER, Alexander John | Director | 2025-05-12 | Oct 1973 | British |
| HARCUS, Derek | Director | 2025-05-12 | Aug 1981 | British |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLEWS, Andrew Mark | Secretary | 2007-05-31 | 2013-04-18 |
| KNIGHT, Jeremy James | Secretary | 1994-11-04 | 1997-07-17 |
| LEESE, David Brian | Secretary | 1997-07-17 | 2007-05-31 |
| MAIN, Simon John Pierre | Secretary | 2019-08-30 | 2023-06-22 |
| RIDGE, Andrew | Secretary | 2013-04-18 | 2015-04-01 |
| VINTER, Simon Roy | Secretary | 2018-09-07 | 2019-08-30 |
| VINTER, Simon Roy | Secretary | 2015-04-01 | 2018-01-01 |
| WALKER, Helen Louise | Secretary | 2018-01-01 | 2018-09-07 |
| WALLIS, Arthur George | Secretary | — | 1994-11-04 |
| BROWN, Ian Russell | Director | 2022-05-10 | 2025-05-12 |
| CLEWS, Andrew Mark | Director | 2002-05-01 | 2013-04-18 |
| CLEWS, Peter Anthony | Director | — | 2013-04-18 |
| CLOUGH, William | Director | 2013-04-18 | 2015-01-13 |
| DANIEL, Karl Jason | Director | 2022-05-10 | 2025-05-12 |
| DAVIES, Dennis | Director | 2013-09-01 | 2015-01-13 |
| FENNEY, Lee, Dr | Director | 2018-03-01 | 2018-08-30 |
| HEYS, Peter Nicholas, Dr | Director | — | 1999-01-27 |
| KNIGHT, Jeremy James | Director | 2013-07-22 | 2015-07-10 |
| KNIGHT, Jeremy James | Director | — | 2002-07-31 |
| LAW, Richard | Director | 2013-09-01 | 2017-08-31 |
| LEESE, David Brian | Director | 1997-07-17 | 2007-05-31 |
| MAGUIRE, Nicholas Anthony | Director | 2022-05-10 | 2025-05-12 |
| MAGUIRE, Nicholas Anthony | Director | 2013-09-01 | 2016-03-24 |
| PODMORE, Malcolm | Director | — | 1999-01-27 |
| RIDGE, Andrew | Director | 2002-11-28 | 2015-04-01 |
| SMITH, Jonathan Jervis | Director | 2021-05-21 | 2022-05-10 |
| STUCHBURY, Neil | Director | 2022-05-10 | 2025-05-12 |
| STUCHBURY, Neil Bryan | Director | 2013-09-01 | 2018-01-01 |
| VINTER, Simon Roy | Director | 2014-04-14 | 2019-08-30 |
| WALKER, Helen Louise | Director | 2018-01-01 | 2018-09-11 |
| WALLIS, Arthur George | Director | — | 1999-01-27 |
| WHITE, Paul Dwayne | Director | 2018-01-01 | 2019-09-11 |
| WIMPENNY, Anthony David | Director | 2019-08-15 | 2021-05-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bilfinger Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-05-12 | Active |
| Nzero Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-05-10 | Ceased 2025-05-12 |
| Dr Lee Fenney | Individual | Significant influence | 2018-03-01 | Ceased 2018-08-30 |
| Paul Dwayne White | Individual | Significant influence | 2018-01-01 | Ceased 2019-08-24 |
| Helen Louise Walker | Individual | Significant influence | 2018-01-01 | Ceased 2018-09-11 |
| Orbital Energy Group, Inc | Corporate entity | Shares 75–100% | 2016-06-30 | Ceased 2022-05-10 |
| Mr Simon Roy Vinter | Individual | Significant influence | 2016-06-30 | Ceased 2019-08-30 |
| Mr Neil Bryan Stuchbury | Individual | Significant influence | 2016-06-30 | Ceased 2018-03-01 |
| Mr Richard Law | Individual | Significant influence | 2016-06-30 | Ceased 2017-08-31 |
Filing timeline
Last 20 of 205 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-04 | AA | accounts | Accounts with accounts type full | |
| 2026-05-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-05-01 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-05-01 | SH20 | capital | Legacy | |
| 2026-05-01 | CAP-SS | insolvency | Legacy | |
| 2026-05-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-17 | AA01 | accounts | Change account reference date company current extended | |
| 2025-06-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-06-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-03-26 | AA | accounts | Accounts with accounts type full | |
| 2024-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-09 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- 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.