IXYS UK WESTCODE LTD.
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Cash
£1.1M
+50% vs 2023
Net assets
-£10M
-415.1% vs 2023
Employees
204
-3.3% vs 2023
Profit before tax
-£11M
-56% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £22,242,000 | £23,283,000 | +4.7% | |
| Operating profit | -£5,816,000 | -£8,983,000 | -54.5% | |
| Profit before tax | -£6,749,000 | -£10,531,000 | -56% | |
| Net profit | -£6,749,000 | -£10,531,000 | -56% | |
| Cash | £720,000 | £1,080,000 | +50% | |
| Total assets less current liabilities | £5,349,000 | -£10,094,000 | -288.7% | |
| Net assets | £3,203,000 | -£10,094,000 | -415.1% | |
| Equity | £3,203,000 | -£10,094,000 | -415.1% | |
| Average employees | 211 | 204 | -3.3% | |
| Wages | £7,720,000 | £8,056,000 | +4.4% | |
| Directors' remuneration | £199,000 | £299,000 | +50.3% |
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 |
|---|---|---|---|
| Operating margin | -26.1% | -38.6% | |
| Net margin | -30.3% | -45.2% | |
| Return on capital employed | -108.7% | — | |
| Gearing (liabilities / total assets) | 88.2% | 138.2% | |
| Current ratio | 0.69x | 0.39x | |
| Interest cover | -6.23x | -5.80x |
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
- IXYS UK WESTCODE LTD. 2012-04-13 → present
- WESTCODE SEMICONDUCTORS LIMITED 1998-03-23 → 2012-04-13
- WESTCODE GROUP LIMITED 1998-01-14 → 1998-03-23
- OVAL (1237) LIMITED 1997-08-28 → 1998-01-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having made enquiries and received written confirmation that the company will continue to have access to the group wide facilities the directors have concluded that they have a reasonable expectation that the company can manage operations and has adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from approval of the financial statement.”
Group structure
- IXYS UK WESTCODE LTD. · parent
- Embed Limited 100%
Significant events
- “The Company was part of an internal restructuring which was completed during the second quarter of 2025. The business purpose of this restructuring was the funding and reorganization of the Company in order to preserve and protect the global business reputation of Littelfuse, Inc. and its subsidiaries.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GOLLAND, Ashley | Secretary | 2018-11-01 | — | — |
| GOLLAND, Ashley | Director | 2011-07-28 | Apr 1972 | British |
| VAN ERK, Edwin Richard | Director | 2019-10-01 | Dec 1966 | Dutch |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FREDERICKS, Peter George | Secretary | 1999-04-19 | 2002-08-31 |
| HOBBS, Mark Leonard | Secretary | 2004-10-26 | 2007-09-19 |
| TOWNSEND, Philip | Secretary | 2007-09-19 | 2018-11-01 |
| WEAVER, Barry Reginald | Secretary | 1997-12-18 | 1999-04-19 |
| WILTSHIRE, David | Secretary | 2002-08-31 | 2004-10-22 |
| OVALSEC LIMITED | Corporate Nominee Secretary | 1997-08-28 | 1997-12-18 |
| AGBAYANI, Arnold | Director | 2002-01-22 | 2004-11-19 |
| BRAND, Denis John | Director | 1997-12-18 | 2002-01-22 |
| FREDERICKS, Peter George | Director | 1999-04-19 | 2002-08-31 |
| GRANT, William Thomas | Director | 1997-12-18 | 2002-01-22 |
| GREEN, Bradley Kyle | Director | 2009-03-17 | 2013-09-23 |
| HIGHLEY, Ian Paul David | Director | 2018-08-31 | 2019-05-15 |
| HOBBS, Mark Leonard | Director | 2007-08-17 | 2011-07-28 |
| INGRAM, Peter Howard | Director | 2002-01-22 | 2018-08-31 |
| JAMES, Kevin Charles | Director | 2009-03-16 | 2018-11-01 |
| JONES, Hew Charles Cabread | Director | 1997-12-18 | 2004-03-31 |
| LAKIN, John Keith | Director | 2000-09-01 | 2002-03-08 |
| SASSON, Uzi | Director | 2007-10-08 | 2018-08-21 |
| SEBIRE, David John | Director | 1998-03-01 | 2002-01-22 |
| WAKEMAN, Franklin James | Director | 2009-03-18 | 2018-11-01 |
| WARD, Marcus Gordon Waddie | Director | 2018-08-31 | 2019-10-01 |
| WARE, Stephen James | Director | 2003-07-02 | 2007-08-17 |
| WEAVER, Barry Reginald | Director | 1997-12-18 | 1999-04-19 |
| ZOMMER, Nathan | Director | 2002-01-22 | 2018-04-05 |
| OVAL NOMINEES LIMITED | Corporate Nominee Director | 1997-08-28 | 1997-12-18 |
| OVALSEC LIMITED | Corporate Nominee Director | 1997-08-28 | 1997-12-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Littelfuse, Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-07-24 | Active |
| Littelfuse Inc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-01-17 | Ceased 2018-01-17 |
| Ixys Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2019-07-24 |
Filing timeline
Last 20 of 215 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-07 RESOLUTIONS Resolution
- 2025-05-07 RESOLUTIONS Resolution
- 2025-05-07 MA Memorandum articles
- 2025-05-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-30 | AA | accounts | Accounts with accounts type full | |
| 2025-09-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-19 | SH01 | capital | Capital allotment shares | |
| 2025-05-12 | SH08 | capital | Capital name of class of shares | |
| 2025-05-12 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-05-07 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-07 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-07 | MA | incorporation | Memorandum articles | |
| 2025-05-07 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-07 | SH03 | capital | Capital return purchase own shares | |
| 2025-05-06 | SH06 | capital | Capital cancellation shares | |
| 2025-03-17 | AA | accounts | Accounts with accounts type full | |
| 2024-08-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-13 | AA | accounts | Accounts with accounts type full | |
| 2023-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-14 | AD03 | address | Move registers to sail company with new address | |
| 2023-02-14 | AD02 | address | Change sail address company with new address | |
| 2022-12-28 | AA | accounts | Accounts with accounts type full | |
| 2022-08-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 5
- 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.