PURETECH SYSTEMS LIMITED
Get an alert when PURETECH SYSTEMS LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-19 (in 7mo)
Last made up 2025-12-05
Watchouts
None on the register
Cash
£2M
-8.6% vs 2023
Net assets
£7M
-13.9% vs 2023
Employees
46
-8% vs 2023
Profit before tax
-£1M
-27.9% vs 2023
Net assets
7-year trend · vs Technology median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £14,656,522 | £11,716,454 | |
| Operating profit | — | — | — | — | — | -£839,302 | -£1,080,236 | |
| Profit before tax | — | — | — | — | — | -£844,183 | -£1,080,042 | |
| Net profit | — | — | — | — | — | -£570,134 | -£1,063,217 | |
| Cash | — | — | — | — | — | £1,808,272 | £1,652,948 | |
| Total assets less current liabilities | — | — | — | — | — | £7,741,702 | £6,898,643 | |
| Net assets | — | — | — | — | — | £7,640,340 | £6,577,123 | |
| Equity | £3,625,418 | £2,810,541 | £5,479,523 | £6,887,598 | £3,277,115 | £7,640,340 | £6,577,123 | |
| Average employees | — | — | — | — | — | 50 | 46 | |
| Wages | — | — | — | — | — | £3,458,373 | £3,155,874 | |
| Directors' remuneration | — | — | — | — | — | £650,658 | £337,136 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-20.1%
£14,656,522 £11,716,454
-
Cash
-8.6%
£1,808,272 £1,652,948
-
Net assets
-13.9%
£7,640,340 £6,577,123
-
Employees
-8%
50 46
-
Operating profit
-28.7%
-£839,302 -£1,080,236
-
Profit before tax
-27.9%
-£844,183 -£1,080,042
-
Wages
-8.7%
£3,458,373 £3,155,874
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -5.7% | -9.2% | |
| Net margin | — | — | — | — | — | -3.9% | -9.1% | |
| Return on capital employed | — | — | — | — | — | -10.8% | -15.7% | |
| Current ratio | — | — | — | — | — | 3.30x | 3.20x | |
| Interest cover | — | — | — | — | — | -159.50x | -275.71x |
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 1 time since incorporation
- PURETECH SYSTEMS LIMITED 2025-05-20 → present
- U.K. GAS TECHNOLOGIES LIMITED 1990-12-06 → 2025-05-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Prime Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- PURETECH SYSTEMS LIMITED · parent
- Medical Gases Limited 100%
- Microgas Systems Limited 100%
- Puretech Process Systems Limited 100%
Significant events
- “We have had a challenging 12 months which unfortunately led to a pre tax loss for 2024 of £1,080k.”
- “restructuring and investment costs as we plan for expansion during 2025”
- “old projects coming to an end, cost overrun due to these delays.”
- “lower margins caused by inflation costs on materials and labour as projects overrun.”
- “on a very positive note we returned to profitability for the last 6 months of 2024.”
- “Our order book as of 31st December 2024 was strong at £10million, the highest it has been for many years.”
- “The business has increased its production capacity by 200% with a move to 42,000sq/ft facilities which will enable us to maximise output and efficiencies.”
- “The company was acquired by Indutrade AB, Sweden on the 17th September 2020.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FARRELL, Michelle Dominique | Secretary | 2025-03-24 | — | — |
| FIELD, Declan Patrick | Director | 2024-03-14 | Mar 1962 | Irish |
| LITTLEWOOD, Gary Edward | Director | — | Nov 1961 | British |
| WAKEHAM, Neal | Director | 2024-12-02 | Jun 1970 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRETT, Andrew John | Secretary | — | 2024-02-29 |
| BARRETT, Andrew John | Director | — | 2024-02-29 |
| O'BRIEN, Morgan Joseph | Director | 2020-09-17 | 2021-06-28 |
| PARRY, Robert David | Director | 2020-09-17 | 2024-07-08 |
| SAMUELSON, Joacim | Director | 2020-09-17 | 2024-07-08 |
| SMITH, Robert | Director | 2020-09-17 | 2024-12-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Barwood Process Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-03-10 | Active |
| Uk Gas Technologies Limited | Corporate entity | Shares 75–100% | 2020-03-10 | Active |
| Mr Andrew John Barrett | Individual | Shares 75–100% | 2016-04-06 | Ceased 2020-03-10 |
Filing timeline
Last 20 of 115 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-20 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-05-20 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-03-24 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-02-27 | CH01 | officers | Change person director company with change date | |
| 2024-12-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AA | accounts | Accounts with accounts type group | |
| 2024-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-12 | CH01 | officers | Change person director company with change date | |
| 2024-02-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-19 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.