X P PLC
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Cash
—
Latest balance sheet
Net assets
£40m
+241.9% highest in 3 filed years
Employees
99
-7.5% lowest in 3 filed years
Profit before tax
£3.3m
+72.5% highest in 3 filed years
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 | £18,735,000 | £11,862,000 | £9,535,000 | -19.6% | |
| Operating profit | £118,000 | -£200,000 | £843,000 | +521.5% | |
| Profit before tax | -£2,482,000 | £1,899,000 | £3,276,000 | +72.5% | |
| Net profit | -£2,554,000 | £1,617,000 | £2,890,000 | +78.7% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £11,425,000 | £13,084,000 | £61,335,000 | +368.8% | |
| Net assets | £10,482,000 | £11,617,000 | £39,715,000 | +241.9% | |
| Equity | £10,482,000 | £11,617,000 | £39,715,000 | +241.9% | |
| Average employees | 126 | 107 | 99 | -7.5% | |
| Wages | £7,219,000 | £6,273,000 | £5,741,000 | -8.5% | |
| Directors' remuneration | £137,000 | — | — | — |
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 —. 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 | 0.6% | -1.7% | 8.8% | |
| Net margin | -13.6% | 13.6% | 30.3% | |
| Return on capital employed | 1.0% | -1.5% | 1.4% | |
| Gearing (liabilities / total assets) | 66.5% | 67.0% | 45.9% | |
| Current ratio | 1.21x | 1.28x | 5.55x | |
| Interest cover | 1.07x | -2.06x | 0.97x |
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
- X P PLC 1988-11-01 → present
- POINTCHIEF PUBLIC LIMITED COMPANY 1988-09-20 → 1988-11-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that preparing the financial statements on the going concern basis is appropriate, with XP PLC able to meet its liabilities as they fall due for 12 months following the date of signing of the financial statements.”
Group structure
- X P PLC · parent
- XP Power Holdings Limited 100%
- XP Engineering Services Limited 100%
- XP Electronics Limited 100%
- Powersolve Electronics Limited 90.6%
- XP Power SA 16.5%
- XP Energy Systems Limited 100%
- Safety Power Group Limited 100%
- Hanatomic Engineering Support Limited 100%
- XP Power Srl 100%
- XP Power ApS 100%
- XP Power Sweden AB 100%
- XP Power GmbH 100%
- XP Power Norway AS 83.5%
- Glassman Europe Limited 100%
Significant events
- “During the year, the immediate parent company, XP Power PLC, subscribed for an additional 2,500,000,000 ordinary shares of £0.01 per share, settled via the novation of a USD denominated intercompany receivable from an indirect subsidiary of the immediate parent company, XP Power LLC. The total consideration was £25,208k with £208k being recorded as share premium.”
- “Also during the year, the company assigned a USD denominated intercompany receivables (including the new receivable mentioned above) totalling £38,675k from an indirect subsidiary of the company, XP Power LLC, to its parent company in exchange for a new GBP denominated loan issued to the parent company for the same amount.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARTWRIGHT, Ruth Amy | Secretary | 2022-05-13 | — | — |
| GRIGGS, Gavin Peter | Director | 2020-07-03 | Apr 1971 | British |
| WEBB, Matthew John | Director | 2023-09-12 | Jan 1974 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARTLETT, Roger Anthony John | Secretary | 1997-04-22 | 2000-07-03 |
| HONEYMAN, Anne Macdonald | Secretary | 2003-09-19 | 2012-10-01 |
| MANN, Terence William | Secretary | — | 1995-12-01 |
| PENNY, Duncan John | Secretary | 2000-07-03 | 2003-09-19 |
| RHODES, Jonathan Simon | Secretary | 2012-10-01 | 2022-05-13 |
| TRACEY, Lawrence Barry | Secretary | 1995-12-01 | 1997-04-22 |
| AMOS, Stuart Roland | Director | 1998-01-20 | 2000-07-03 |
| BARTLETT, Richard | Director | 1997-12-31 | 2018-05-04 |
| BARTLETT, Roger Anthony John | Director | 1998-01-20 | 2000-07-03 |
| BOCOCK, Gary Robin | Director | 1997-12-31 | 2020-07-03 |
| BRABHAM, Martin Thomas | Director | 2003-11-27 | 2016-03-04 |
| ELLIOT, Stephen Mark | Director | 2000-11-06 | 2020-07-03 |
| ENGLISH, Brian Jude | Director | 2001-10-12 | 2002-09-13 |
| GARNER, Paul Martin | Director | 2006-12-19 | 2020-07-03 |
| GORDON, Edward Peter | Director | 1996-12-31 | 1998-11-30 |
| HEAD, John Edward | Director | 1994-08-01 | 1995-09-19 |
| HEAD, Steven William | Director | 1997-12-31 | 2020-07-03 |
| HENDERSON, Jamie Scott | Director | 1996-12-31 | 2001-02-12 |
| HONEYMAN, Anne Macdonald | Director | 2006-09-13 | 2020-07-03 |
| MANN, Terence William | Director | — | 1995-12-01 |
| MCMILLAN, James | Director | 1995-12-31 | 2002-04-30 |
| MOSS, Sharon | Director | 2000-03-08 | 2005-04-21 |
| PENNY, Duncan John | Director | 2000-07-03 | 2021-08-02 |
| PETERS, James Edward | Director | — | 2012-05-01 |
| ROBINSON, Steve William | Director | 1998-11-06 | 2005-03-10 |
| STIBBS, David Michael | Director | 2023-03-31 | 2023-09-12 |
| SWANN, Edward Michael | Director | 1995-12-31 | 2014-03-24 |
| TRACEY, Lawrence Barry | Director | — | 2012-05-01 |
| WILLIS, Steven James | Director | 2003-11-27 | 2016-01-05 |
| ZAHN, Oskar | Director | 2021-08-02 | 2023-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Xp Power Plc | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 215 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-24 MA Memorandum articles
- 2025-10-24 RESOLUTIONS Resolution
- 2022-06-01 MA Memorandum articles
- 2022-06-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type full | |
| 2025-11-04 | SH01 | capital | Capital allotment shares | |
| 2025-10-24 | MA | incorporation | Memorandum articles | |
| 2025-10-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-03 | AA | accounts | Accounts with accounts type full | |
| 2024-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-10-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-21 | AA | accounts | Accounts with accounts type full | |
| 2023-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-01 | MA | incorporation | Memorandum articles | |
| 2022-06-01 | RESOLUTIONS | resolution | Resolution | |
| 2022-05-31 | AA | accounts | Accounts with accounts type full | |
| 2022-05-27 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-05-27 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- 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.