BF1SYSTEMS LIMITED
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Cash
£3.6m
+124.6% highest in 3 filed years
Net assets
£7.4m
+21.5% highest in 3 filed years
Employees
78
-2.5% vs 2025
Profit before tax
£2m
+5.6% vs 2025
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-31
| Metric | Trend | 2024-01-31 | 2025-01-31 | 2026-01-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £17,902,310 | £16,245,527 | £16,890,425 | +4% | |
| Operating profit | £2,116,590 | £1,951,521 | £2,040,252 | +4.5% | |
| Profit before tax | £2,067,536 | £1,920,899 | £2,027,926 | +5.6% | |
| Net profit | £1,767,942 | £1,778,715 | £1,335,697 | -24.9% | |
| Cash | £1,279,896 | £1,593,176 | £3,577,913 | +124.6% | |
| Total assets less current liabilities | £6,130,193 | £6,743,948 | £7,972,314 | +18.2% | |
| Net assets | £5,205,534 | £6,084,249 | £7,389,698 | +21.5% | |
| Equity | £5,205,534 | £6,084,249 | £7,389,698 | +21.5% | |
| Average employees | 77 | 80 | 78 | -2.5% | |
| Wages | £3,759,358 | £3,881,808 | £3,743,733 | -3.6% | |
| Directors' remuneration | £595,723 | £474,999 | £369,113 | -22.3% | |
| Directors' pension contributions | £33,242 | £33,238 | £34,036 | +2.4% | |
| Highest paid director | £204,216 | £183,289 | £171,259 | -6.6% |
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 | 2024-01-31 | 2025-01-31 | 2026-01-31 |
|---|---|---|---|---|
| Operating margin | 11.8% | 12.0% | 12.1% | |
| Net margin | 9.9% | 10.9% | 7.9% | |
| Return on capital employed | 34.5% | 28.9% | 25.6% | |
| Gearing (liabilities / total assets) | 52.1% | 39.2% | 41.0% | |
| Current ratio | 1.91x | 2.51x | 2.43x | |
| Interest cover | 26.08x | 40.27x | 51.92x |
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 2 times since incorporation
- BF1SYSTEMS LIMITED 2011-01-20 → present
- BERU F1 SYSTEMS LIMITED 2003-03-12 → 2011-01-20
- F1 HARNESS SYSTEMS LIMITED 1994-02-24 → 2003-03-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Larking Gowen LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have concluded that the Company will have adequate resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of approval of these financial statements. They therefore continue to adopt the going concern basis”
Group structure
- BF1SYSTEMS LIMITED · parent
- BF Systems Manufacturing S.R.L 100%
- BF1 Systems LLC 100%
- KA Sensors Ltd 100%
- bf1systems GmbH 100%
- VPG SIM Ltd 75%
Significant events
- “KA Sensors Ltd was hived-up to bf1systems limited on 31 January 2026, reflecting the successful integration of the KA Sensors business and products into bf1systems.”
- “In April 2024, the Company purchased 75% of the share capital of VPG Sim Ltd.”
- “The Company's entire holding in BF Systems Manufacturing S.R.L was sold after the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WELHAM, James Charles | Secretary | 2011-09-19 | — | — |
| SHINGLETON, James Ravi | Director | 2016-11-01 | Mar 1982 | British |
| WELHAM, James Charles | Director | 2011-01-14 | May 1980 | British |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CANDLER, Clive Robert | Secretary | 1994-02-24 | 1999-07-07 |
| CANDLER, Laura Claire | Secretary | 1999-07-07 | 2002-02-20 |
| EDEL, Karsten | Secretary | 2009-01-15 | 2011-01-14 |
| SANZ, Alexander | Secretary | 2002-02-20 | 2009-01-15 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1994-02-24 | 1994-02-24 |
| BAILEY, Deborah Lyn | Director | 2013-04-17 | 2016-11-01 |
| BAILEY, John Michael | Director | 2005-05-01 | 2016-11-01 |
| BAILEY, John | Director | 2001-03-01 | 2004-04-01 |
| BRANIGAN, Ross Adam | Director | 2022-01-18 | 2024-03-14 |
| CANDLER, Clive Robert | Director | 1994-02-24 | 2002-09-20 |
| CLEARY, Shay | Director | 2005-05-01 | 2009-11-03 |
| KNOEDLER, Markus Michael | Director | 2009-01-15 | 2011-01-14 |
| LEITCH, Andrew Charles | Director | 2001-04-30 | 2002-01-21 |
| MESCHKAT, Reinhard, Dr | Director | 2007-06-28 | 2009-01-15 |
| MOSS, Anthony | Director | 2016-11-01 | 2017-04-25 |
| NICHOLLS, Lisa Ann | Director | 1994-02-24 | 1995-10-14 |
| NORTON, Matthew David | Director | 2016-11-01 | 2023-01-18 |
| NORTON, Rachel Elizabeth | Director | 2019-04-09 | 2019-11-08 |
| PEEL, Graham | Director | 2016-11-01 | 2024-01-15 |
| PEEL, Karen Susan | Director | 2019-04-09 | 2019-11-08 |
| PODESWA, Rainer, Dr | Director | 2002-02-20 | 2007-12-11 |
| RICE, Andrew | Director | 2001-03-08 | 2004-04-01 |
| ROBERTS, Simon | Director | 2016-11-01 | 2018-07-31 |
| RUETZ, Ulrich | Director | 2002-02-20 | 2003-03-31 |
| SHINGLETON, Tania Marie | Director | 2019-04-09 | 2019-11-08 |
| SKIPPER, Gavin Mark | Director | 2016-11-01 | 2018-07-31 |
| STATHAM, Timothy John | Director | 2024-06-05 | 2025-06-27 |
| SWARTS, Etienne | Director | 2001-03-01 | 2005-05-31 |
| VON MALTZAN, Marco | Director | 2003-04-01 | 2007-06-28 |
| WELHAM, Amber | Director | 2019-04-09 | 2019-11-08 |
| YOUNG, David Edward Charles | Director | 1995-10-14 | 1999-07-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bf1 Electronics Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 185 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA01 | accounts | Change account reference date company current extended | |
| 2026-09-08 | AA | accounts | Accounts with accounts type full | |
| 2026-05-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-29 | AA | accounts | Accounts with accounts type full | |
| 2025-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-05 | AA | accounts | Accounts with accounts type full | |
| 2024-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-25 | AA | accounts | Accounts with accounts type full | |
| 2023-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-24 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-08-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-07-11 | AA | accounts | Accounts with accounts type full | |
| 2022-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-18 | AP01 | officers | Appoint person director company with name date | |
| 2021-10-28 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.