SPELLMAN HIGH VOLTAGE ELECTRONICS LIMITED.
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Cash
£3.6M
+60% vs 2024
Net assets
£19M
+4.4% highest in 5 filed years
Employees
213
+8.1% highest in 5 filed years
Profit before tax
£7.6M
-18.6% vs 2024
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £32,148,619 | — | — | £52,361,464 | £47,988,018 | -8.4% | |
| Operating profit | £2,473,502 | — | — | £9,335,646 | £7,578,707 | -18.8% | |
| Profit before tax | £2,618,150 | £4,440,228 | £7,256,617 | £9,356,339 | £7,618,983 | -18.6% | |
| Net profit | £2,398,397 | £3,584,180 | £6,002,842 | £6,944,754 | £6,054,636 | -12.8% | |
| Cash | £3,748,503 | £2,884,897 | £1,865,738 | £2,231,827 | £3,570,607 | +60% | |
| Total assets less current liabilities | £11,229,995 | £13,441,830 | £17,120,110 | £18,585,605 | £19,450,275 | +4.7% | |
| Net assets | £10,938,193 | £13,062,002 | £16,553,296 | £18,164,895 | £18,965,612 | +4.4% | |
| Equity | £10,938,193 | £13,062,002 | £16,553,296 | £18,164,895 | £18,965,612 | +4.4% | |
| Average employees | 156 | 172 | 174 | 197 | 213 | +8.1% | |
| Wages | £6,153,664 | £6,818,069 | £7,466,945 | £8,533,849 | £8,968,674 | +5.1% | |
| Directors' remuneration | £385,804 | £779,343 | £698,271 | £929,924 | £543,044 | -41.6% |
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 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | 7.7% | — | — | 17.8% | 15.8% | |
| Net margin | 7.5% | — | — | 13.3% | 12.6% | |
| Return on capital employed | 22.0% | — | — | 50.2% | 39.0% | |
| Current ratio | — | — | — | 3.36x | 3.71x |
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 3 times since incorporation
- SPELLMAN HIGH VOLTAGE ELECTRONICS LIMITED. 2002-02-25 → present
- START SPELLMAN LIMITED 1991-05-03 → 2002-02-25
- START ELECTRONICS LIMITED 1989-04-07 → 1991-05-03
- TAKEMULTI LIMITED 1988-12-16 → 1989-04-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Sumer Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.”
Significant events
- “Awarded a Silver Medal by EcoVadis, placing Spellman in the 93rd percentile among assessed companies globally.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HODGE, James Alistair | Secretary | 2023-04-24 | — | — |
| FORD, Matthew | Director | 2005-04-06 | Nov 1960 | British |
| HOGAN, Neil | Director | 2003-01-14 | Jan 1968 | British |
| SKEIST, Loren Richard | Director | 2001-07-16 | Aug 1946 | American |
| SKEIST, Marc | Director | 2023-08-18 | May 1977 | American |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FOOTMAN, Maureen Kathleen | Secretary | 1994-11-01 | 1998-12-04 |
| HART, Jill | Secretary | 2017-05-08 | 2023-08-15 |
| CARGIL MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2001-01-12 | 2017-05-08 |
| PNB ASSOCIATES LIMITED | Corporate Secretary | 1998-12-04 | 2000-09-20 |
| PNB ASSOCIATES LIMITED | Corporate Secretary | — | 1994-11-01 |
| ADAM, Robin David | Director | 2007-07-20 | 2015-06-10 |
| BAY, Dennis | Director | 2001-07-16 | 2023-10-31 |
| CLIFFORD, Brian Graham | Director | 1999-07-12 | 2002-04-12 |
| COLLYER, Jill | Director | 2014-06-25 | 2016-08-19 |
| EVEREST, Clive John | Director | 1995-01-10 | 2002-02-08 |
| PROJAIN, Richard | Director | 1995-01-10 | 2000-03-16 |
| SALTWELL, Brian | Director | — | 2002-03-31 |
| SCAPELLATI, Clifford | Director | 2000-03-16 | 2012-02-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Loren Richard Skeist | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 164 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-07 | AA | accounts | Accounts with accounts type full | |
| 2024-08-07 | CH01 | officers | Change person director company with change date | |
| 2023-12-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-18 | AA | accounts | Accounts with accounts type full | |
| 2023-08-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-04-24 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-17 | AA | accounts | Accounts with accounts type full | |
| 2021-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-29 | CH01 | officers | Change person director company with change date | |
| 2021-07-15 | AA | accounts | Accounts with accounts type full | |
| 2020-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-17 | AA | accounts | Accounts with accounts type full | |
| 2019-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-07-01 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.