TECOSIM LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-20 (in 5mo)
Last made up 2025-10-06
Watchouts
Cash
£98K
-76.4% lowest in 10 filed years
Net assets
£1M
+49.9% highest in 6 filed years
Employees
90
+8.4% highest in 6 filed years
Profit before tax
£450K
+23.9% first positive since 2020
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
10-year trend · vs Industrials median
Accounts
10-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £12,146,873 | — | £12,164,849 | — | £16,242,643 | — | £17,059,017 | — | £17,111,847 | £16,100,661 | |
| Operating profit | £997,580 | — | -£29,623 | — | £241,669 | — | £14,099 | — | £328,251 | £408,917 | |
| Profit before tax | £1,013,627 | — | -£15,959 | — | £266,079 | — | £47,290 | — | £363,518 | £450,433 | |
| Net profit | £868,180 | — | -£863 | — | £266,079 | — | £47,290 | — | £276,558 | £395,440 | |
| Cash | £124,200 | £124,200 | £293,016 | £293,016 | £310,383 | £310,383 | £405,393 | £405,393 | £417,722 | £98,397 | |
| Total assets less current liabilities | £303,962 | — | £204,579 | — | £469,178 | — | £516,468 | — | £823,758 | £1,203,775 | |
| Net assets | £303,962 | — | £203,099 | — | £469,178 | — | £516,468 | — | £793,026 | £1,188,466 | |
| Equity | £303,962 | — | £203,099 | — | £469,178 | — | £516,468 | — | £793,026 | £1,188,466 | |
| Average employees | 61 | — | 57 | — | 69 | — | 82 | — | 83 | 90 | |
| Wages | £2,879,570 | — | £2,718,492 | — | £3,392,225 | — | £4,257,406 | — | £4,124,344 | £4,509,642 | |
| Directors' remuneration | £384,783 | — | £198,585 | — | £193,717 | — | £199,800 | — | £198,000 | £219,833 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-5.9%
£17,111,847 £16,100,661
-
Cash
-76.4%
£417,722 £98,397
lowest in 10 filed years
-
Net assets
+49.9%
£793,026 £1,188,466
highest in 6 filed years
-
Employees
+8.4%
83 90
highest in 6 filed years
-
Operating profit
+24.6%
£328,251 £408,917
first positive since 2020
-
Profit before tax
+23.9%
£363,518 £450,433
first positive since 2020
-
Wages
+9.3%
£4,124,344 £4,509,642
highest in 6 filed years
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 8.2% | — | -0.2% | — | 1.5% | — | 0.1% | — | 1.9% | 2.5% | |
| Net margin | 7.1% | — | -0.0% | — | 1.6% | — | 0.3% | — | 1.6% | 2.5% | |
| Return on capital employed | 328.2% | — | -14.5% | — | 51.5% | — | 2.7% | — | 39.8% | 34.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | — | 80.8% | 68.4% | |
| Current ratio | — | — | — | — | — | — | — | — | 1.22x | 1.43x | |
| Interest cover | 18.99x | — | -0.43x | — | 9.79x | — | — | — | 26.64x | 10.95x |
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 1 time since incorporation
- TECOSIM LIMITED 2023-11-03 → present
- TECOSIM-TECHNICAL SIMULATION LIMITED 1999-03-10 → 2023-11-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Venthams
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered in detail and, taking into account a period exceeding 12 months from the date of approval of these financial statements, the directors have a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “Tecosim UK changed its name in early 2024 to Tecosim Ltd.”
- “The sale of Tecosim Group to Hinduja Tech, a part of the Hinduja Group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAWKER, Stuart Robert | Secretary | 2007-10-31 | — | British |
| HAWKER, Stuart Robert | Director | 2005-06-01 | Sep 1969 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FAIRCHILD, Michael | Secretary | 2002-05-15 | 2007-10-31 |
| GOWLAND, Darren, Dr | Secretary | 1999-12-30 | 2002-05-15 |
| BUSINESS ASSIST LIMITED | Corporate Nominee Secretary | 1999-03-10 | 1999-03-10 |
| RLE INTERNATIONAL PRODUCT DEVELOPMENT LTD | Corporate Secretary | 1999-03-10 | 1999-12-30 |
| BIRKER, Torben, Dr | Director | 2011-04-15 | 2013-08-01 |
| FAIRCHILD, Michael | Director | 2004-01-01 | 2007-10-31 |
| GOWLAND, Darren, Dr | Director | 1999-12-30 | 2005-05-31 |
| JANKOWSKI, Udo | Director | 2020-09-01 | 2026-04-21 |
| JANKOWSKI, Udo | Director | 2010-04-01 | 2011-12-31 |
| SIGL, Horst Adolf Hans | Director | 1999-12-30 | 2003-12-31 |
| VEITH, Juergen | Director | 2011-04-15 | 2020-09-01 |
| VEITH, Jurgen Oswald | Director | 1999-12-30 | 2010-03-01 |
| NEWCO FORMATIONS LIMITED | Corporate Nominee Director | 1999-03-10 | 1999-03-10 |
| RLE INTERNATIONAL PRODUCT DEVELOPMENT LTD | Corporate Director | 1999-03-10 | 1999-12-30 |
| TECOSIM-TECHNISCHE SIMULATION GMBH | Corporate Director | 1999-03-10 | 1999-12-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hinduja Automotive Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2026-02-20 | Active |
| Tecosim Group Gmbh | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-07-01 | Ceased 2024-12-31 |
| Mind Venture Ag | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-07-01 |
Filing timeline
Last 20 of 113 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-09 MA Memorandum articles
- 2023-11-09 RESOLUTIONS Resolution
- 2023-11-03 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-10 | AA01 | accounts | Change account reference date company current extended | |
| 2026-02-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-02-20 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-12-31 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-12-31 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type full | |
| 2023-11-09 | MA | incorporation | Memorandum articles | |
| 2023-11-09 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-03 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-11-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-18 | AA | accounts | Accounts with accounts type full | |
| 2022-11-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-07-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-07-01 | AA | accounts | Accounts with accounts type full | |
| 2021-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.