CAPLIN SYSTEMS LIMITED
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Cash
£2.3m
-10% lowest in 3 filed years
Net assets
-£358k
+71.8% vs 2024
Employees
60
-11.8% lowest in 3 filed years
Profit before tax
£877k
+149.2% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Technology 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 | £9,629,925 | £7,930,642 | £10,211,677 | +28.8% | |
| Operating profit | £641,655 | -£1,599,465 | £980,028 | +161.3% | |
| Profit before tax | £639,103 | -£1,782,234 | £877,160 | +149.2% | |
| Net profit | £749,651 | -£1,426,721 | £909,338 | +163.7% | |
| Cash | £2,476,743 | £2,508,706 | £2,258,750 | -10% | |
| Total assets less current liabilities | — | -£341,964 | £3,677,787 | +1,175.5% | |
| Net assets | £159,754 | -£1,266,967 | -£357,629 | +71.8% | |
| Equity | £159,754 | -£1,266,967 | -£357,629 | +71.8% | |
| Average employees | 67 | 68 | 60 | -11.8% | |
| Wages | £5,567,041 | £5,875,202 | £5,378,103 | -8.5% | |
| Directors' remuneration | £597,681 | £684,893 | £764,426 | +11.6% | |
| Directors' pension contributions | £56,775 | £31,708 | £34,328 | +8.3% | |
| Highest paid director | £333,256 | £323,692 | £291,131 | -10.1% |
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 | 6.7% | -20.2% | 9.6% | |
| Net margin | 7.8% | -18.0% | 8.9% | |
| Return on capital employed | — | — | 26.6% | |
| Gearing (liabilities / total assets) | 98.8% | 109.5% | 102.6% | |
| Current ratio | 0.77x | 0.66x | 0.68x | |
| Interest cover | 27.27x | -7.28x | 6.14x |
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
- CAPLIN SYSTEMS LIMITED 2000-08-15 → present
- CITYNET PLC 1995-01-10 → 2000-08-15
- ADDENDA PERIPHERALS LIMITED 1993-07-13 → 1995-01-10
- MULATOR LIMITED 1993-06-03 → 1993-07-13
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are therefore satisfied that the Company can continue to prepare the financial statements on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ASHWORTH, John Adrian | Director | 2014-04-22 | Jan 1961 | British |
| DARVALL, Richard Thomas | Director | 2024-10-21 | Apr 1984 | British |
| VEASEY, Simon John | Director | 2024-04-18 | Feb 1979 | English |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROCK, Suzanne Louise | Secretary | 2008-02-05 | 2010-09-14 |
| BYGRAVE, David Charles | Secretary | 2010-09-14 | 2015-07-31 |
| JOHNSON, Michael James | Secretary | 2005-06-30 | 2008-02-05 |
| JOHNSON, Michael James | Secretary | 1993-06-10 | 2002-02-20 |
| MAITYARD, Chrstopher John | Secretary | 2002-02-20 | 2005-06-24 |
| WOODS, Ashley Graham | Secretary | 2015-07-31 | 2021-05-17 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Secretary | 1993-06-03 | 1993-06-10 |
| BYGRAVE, David Charles | Director | 2011-06-14 | 2015-07-31 |
| CAPLIN, Paul | Director | 1993-06-10 | 2016-04-27 |
| GILLILAND, Michael John | Director | 1996-03-28 | 1997-12-15 |
| GLEN, Nigel William, Dr | Director | 1999-12-15 | 2003-08-22 |
| HAWLEY, Adam Stanley James | Director | 2000-06-21 | 2015-06-09 |
| JOHNSON, Brian Derek | Director | 1993-06-14 | 2000-06-22 |
| JOHNSON, Michael James | Director | 1993-06-10 | 2015-04-02 |
| MAITYARD, Chrstopher John | Director | 2002-01-16 | 2005-06-24 |
| MYLES, Patrick | Director | 2009-04-21 | 2018-06-05 |
| REDPATH, Andrew John | Director | 2013-07-25 | 2015-12-22 |
| SOUTH, Stephen Edward | Director | 2018-06-05 | 2024-10-21 |
| TUCKWELL, Clive Edmund | Director | 1993-06-10 | 2000-06-22 |
| VEASEY, Simon John | Director | 2018-10-12 | 2022-09-01 |
| YOUNG, Karen Elizabeth | Director | 2001-11-21 | 2003-03-31 |
| COMBINED NOMINEES LIMITED | Corporate Nominee Director | 1993-06-03 | 1993-06-10 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Director | 1993-06-03 | 1993-06-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Caplin Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-06-30 | Active |
| Mr Andrea Pignataro | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 168 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-17 | AA | accounts | Accounts with accounts type full | |
| 2026-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-20 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-09-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-16 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-17 | AA | accounts | Accounts with accounts type full | |
| 2024-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-05 | AA | accounts | Accounts with accounts type full | |
| 2023-05-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-03 | AA | accounts | Accounts with accounts type full | |
| 2022-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-29 | AA | accounts | Accounts with accounts type full | |
| 2021-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.