TAG SYSTEMS UK LIMITED

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

• Turnover

  +78.6%

  £30,249,733 → £54,024,132

  highest in 4 filed years

• Cash

  +42.1%

  £2,479,846 → £3,524,662

• Net assets

  +12.3%

  £5,428,938 → £6,098,843

• Employees

  +6.2%

  130 → 138

• Operating profit

  +59.8%

  £3,839,164 → £6,135,052

  highest in 4 filed years

• Profit before tax

  +61.3%

  £3,809,289 → £6,145,239

  highest in 4 filed years

• Wages

  +11.4%

  £4,166,622 → £4,641,111

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

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.

1. TAG SYSTEMS UK LIMITED 2022-10-05 → present
2. NITECREST LIMITED 2002-10-22 → 2022-10-05
3. FIRST CLASS RESPONSE LTD. 1996-06-24 → 2002-10-22

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Radl & Partner Limited

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 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

1. TAG SYSTEMS UK LIMITED · parent
   1. Tag Biometrics Limited 100% · UK · Production of banking cards

Significant events

• “Tag Systems UK has now extended the secure facility and vault area. This expansion will allow us to further increase our production capacity, the building work has doubled the size of our existing secure manufacturing. Tag Systems UK has now invested additional machinery to enhance the personalisation and increased the card manufacturing capabilities with the addition of new milling and embedding machines, alongside other new equipment to compliment further the chip card production. The company will continue with R&D for our biometric card division, along with our high value card products. R&D continues with making our product ranges more sustainable and environmentally friendly. Enhancing software processes also is key to development during 2025.”
• “We have now obtained Cyber Essentials, this will ensure our systems remain robust to cyber-attack. Quarterly cyber audits are performed through our external audit company and we continue to have weekly vulnerability scans performed on all our IT networks.”
• “The company has been accredited to ISO 22301 to ensure they have good business continuity plans, and disaster recovery in place.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.