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Cash

£12m

-10.3% vs 2024

Net assets

£49m

+2.8% vs 2024

Employees

991

-5% lowest in 3 filed years

Profit before tax

£44m

-1.1% vs 2024

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £261,923,000£256,820,000£228,548,000 -11%
Operating profit £30,060,000£38,761,000£40,351,000 +4.1%
Profit before tax £38,938,000£44,881,000£44,376,000 -1.1%
Net profit £29,624,000£32,865,000£33,771,000 +2.8%
Cash £12,246,000£13,841,000£12,414,000 -10.3%
Total assets less current liabilities £61,338,000£55,098,000£54,157,000 -1.7%
Net assets £50,947,000£47,549,000£48,880,000 +2.8%
Equity £50,947,000£47,549,000£48,880,000 +2.8%
Average employees 1,0231,043991 -5%
Wages £58,258,000£64,175,000£61,806,000 -3.7%
Directors' remuneration £1,612,000£1,746,000£1,820,000 +4.2%
Directors' pension contributions £43,000£44,000£39,000 -11.4%
Highest paid director £703,000£702,000£757,000 +7.8%

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 2023-12-312024-12-312025-12-31
Operating margin 11.5%15.1%17.7%
Net margin 11.3%12.8%14.8%
Return on capital employed 49.0%70.3%74.5%
Gearing (liabilities / total assets) 71.8%70.4%65.4%
Current ratio 1.19x1.18x1.23x
Interest cover 85.89x

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

  1. SYSTRA LIMITED 2013-12-31 → present
  2. MVA CONSULTANCY LIMITED 2006-03-27 → 2013-12-31
  3. MVA LIMITED 1997-06-09 → 2006-03-27

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
PricewaterhouseCoopers LLP
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. SYSTRA LIMITED · parent
    1. TSP Projects Limited 100% · England and Wales

Significant events

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

People

7 active · 52 resigned

Name Role Appointed Born Nationality
MORGAN, Paul Secretary 2018-02-01
ANDREWS, Stephen Richard Director 2020-04-01 Mar 1971 British
FLATTOT, Prisca, Ms. Director 2023-01-01 Mar 1985 French
JEUDY, Arnaud, Mr. Director 2021-12-17 Feb 1972 French
SALT, Nicholas James Director 2019-11-15 Sep 1970 British
SCOTT, Jonathan William Director 2026-01-01 Apr 1971 British
VOLLERY, Jean-Charles Yves Manuel Director 2019-06-28 Dec 1972 French
Show 52 resigned officers
Name Role Appointed Resigned
PRAGER, Michael Edward Secretary 2009-06-19 2012-06-29
ROBERTS, John Evan Secretary 2012-09-24 2017-01-01
SAMTER, Daniel John Secretary 1997-08-01 2000-05-22
SHERIFF, Brian John Lester Secretary 2000-05-22 2008-12-02
SMITH, David Secretary 1997-06-09 1997-08-01
VENTHAM, Daniel James Secretary 2017-01-01 2017-12-14
WATERLOW SECRETARIES LIMITED Corporate Nominee Secretary 1997-06-09 1997-06-09
ASH, Nigel Alexander Director 2004-12-06 2010-03-19
BROWN, Fred Neal Director 1997-08-02 2002-04-30
CAMBONE, Sandrine Jeanne Director 2012-03-20 2015-12-18
CITROEN, Philippe Director 2004-04-01 2011-03-03
COOMBE, Roger Denvil, Dr Director 1997-08-01 2001-04-02
CORNIL, Michel Director 2005-12-13 2010-12-09
CROSSLEY, Richard Director 2003-10-24 2008-09-01
DASSONVILLE, Serge Director 1999-05-05 2000-03-09
DE SAINT MARC, Xavier Director 2009-06-19 2011-07-20
DEMBLON, Richard Jean Director 2017-01-01 2018-10-22
DEPONDT, Vincent Director 2000-03-09 2003-07-15
DEZORME, Olivier Jean Maurice Director 2012-03-20 2019-07-18
DUPONT, Sebastien Director 2019-02-28 2025-06-10
EAGLESTONE, Aidan Stuart Director 2015-12-18 2018-01-01
ESTEVE, Alain Director 2000-01-01 2005-05-31
HANCOX, Richard Director 2018-11-09 2020-03-31
HIGHAM, Steve John Director 2015-12-18 2025-09-12
HILL, Eileen, Dr Director 2003-10-24 2006-12-31
HUGONNARD, Jean Christophe Director 1999-05-05 2002-10-23
JAMES, Alan Director 2018-02-27 2018-06-04
LAABOUDI, Mustapha Director 2017-01-01 2018-10-22
LEGUAY, Frederic Bertrand Paul Director 2015-12-18 2017-01-01
LEWIS, Timothy Director 2018-11-09 2020-03-31
MCGUINESS, Fiona Rose Director 1997-06-09 1997-08-01
MCNAUGHTON, Andrew James Director 2017-01-01 2020-11-06
MERCIER, Pascal Director 2013-09-23 2019-11-15
MOORE, Charles Derek Director 2010-03-19 2013-12-31
NAUDI, Philippe Director 2012-09-24 2014-10-01
NAUDI, Philippe Henri Rene Director 2002-10-23 2004-03-31
O'NEILL, Timothy Director 2014-07-10 2017-01-01
ODENT, Pierre Director 2012-04-01 2014-12-08
OHNHEISER, Andre Director 2008-06-17 2012-03-19
ORSI, Jean Pierre Director 2004-04-01 2008-06-17
PRAGER, Michael Edward Director 2009-06-19 2012-06-29
QUEREE, Christopher, Dr Director 1997-08-01 2000-05-31
RICHARDS, Martin Gomm Director 1997-08-01 2000-07-15
ROBERTS, Michael Director 1997-08-01 2008-09-01
ROYNIER, Jean Claude Director 2003-10-24 2008-06-17
SCHMITT, Bruno Director 2011-07-25 2021-12-17
SCOTT, Bryan Craig Director 2020-04-01 2022-12-31
SHERIFF, Brian John Lester Director 2001-12-11 2008-09-01
SPIERS, John Andrew Director 1997-08-01 2001-12-14
VERZAT, Pierre Director 2011-05-11 2012-09-24
WILLIAMSON, Stephen John Director 2001-12-11 2008-09-01
WATERLOW NOMINEES LIMITED Corporate Nominee Director 1997-06-09 1997-06-09

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr Philippe Léoni Individual Significant influence 2024-12-02 Active
Mr Cédric Yves Edgar Francis Bannel Individual Significant influence 2024-12-02 Active
Systra Sa Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Ceased 2024-12-01

Filing timeline

Last 20 of 217 total filings

Date Type Category Description
2026-08-06 AA accounts Accounts with accounts type full
2026-06-20 CS01 confirmation-statement Confirmation statement with no updates PDF
2026-06-18 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2026-04-14 PSC04 persons-with-significant-control Change to a person with significant control PDF
2026-01-05 AP01 officers Appoint person director company with name date PDF
2025-09-19 TM01 officers Termination director company with name termination date PDF
2025-08-13 AA accounts Accounts with accounts type full
2025-07-31 TM01 officers Termination director company with name termination date PDF
2025-07-08 PSC01 persons-with-significant-control Notification of a person with significant control PDF
2025-07-08 PSC01 persons-with-significant-control Notification of a person with significant control PDF
2025-07-08 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2025-06-10 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-09-19 AA accounts Accounts with accounts type full
2024-06-17 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-04-19 MR04 mortgage Mortgage satisfy charge full PDF
2023-08-16 AA accounts Accounts with accounts type full
2023-08-11 CH01 officers Change person director company with change date PDF
2023-06-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-01-06 AP01 officers Appoint person director company with name date PDF
2023-01-06 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
6

last 12 months

Capital events
0

last 24 months

Officers appointed
1

last 12 months

Officers resigned
1

last 12 months

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

Official Companies House page