BLUE BEAR SYSTEMS RESEARCH LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-10 (in 6mo)
Last made up 2025-10-27
Watchouts
None on the register
Cash
£2M
highest in 7 filed years
Net assets
£5M
highest in 6 filed years
Employees
78
highest in 6 filed years
Profit before tax
£1M
Period ending 2024-12-31
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2022-10-01 | 2023-09-30 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £7,294,536 | £8,197,099 | |
| Operating profit | — | — | — | — | — | £802,098 | £986,277 | |
| Profit before tax | — | — | — | — | — | £805,192 | £1,000,828 | |
| Net profit | — | — | — | — | — | £617,269 | £556,348 | |
| Cash | £1,068,194 | £593,233 | £1,187,485 | £1,552,909 | £1,552,909 | £737,962 | £2,293,910 | |
| Total assets less current liabilities | £1,870,027 | £2,797,767 | £3,221,529 | £3,999,393 | — | £4,561,662 | £5,118,010 | |
| Net assets | — | — | — | £3,999,393 | — | £4,561,662 | £5,118,010 | |
| Equity | £1,870,027 | £2,797,767 | £3,221,529 | £3,999,393 | £3,999,393 | £4,561,662 | £5,118,010 | |
| Average employees | 49 | 57 | 63 | 77 | — | 63 | 78 | |
| Wages | — | — | — | — | — | £3,518,467 | £5,128,014 | |
| Directors' remuneration | — | — | — | — | — | £209,960 | £310,926 |
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 2023-09-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2022-10-01 | 2023-09-30 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 11.0% | 12.0% | |
| Net margin | — | — | — | — | — | 8.5% | 6.8% | |
| Return on capital employed | — | — | — | — | — | 17.6% | 19.3% | |
| Current ratio | — | — | — | — | — | 2.99x | 10.13x | |
| Interest cover | — | — | — | — | — | 13368.30x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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.”
Significant events
- “World events have created unprecedented demand for defence equipment, and BlueBear capabilities contribute to both Saab UK and Saab AB's global growth.”
- “Organisational changes are being planned to ensure efficiency and continue to align the business with Saab UK following the acquisition.”
- “2024 saw continued growth for BlueBear. Turnover increased year on year driven by our growth in local operations within our defence business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DALY, Fergus Peter, Mr. | Secretary | 2024-07-29 | — | — |
| FRASER, Andrew Neil, Mr. | Director | 2024-09-02 | May 1983 | British |
| GOUDIE, Gavin Samuel | Director | 2014-10-06 | Nov 1976 | British |
| MOORE, Schuyler, Ms. | Director | 2025-11-10 | Aug 1992 | American |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SMITH, Jane | Secretary | 1999-10-27 | 2010-11-25 |
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 1999-10-27 | 1999-10-27 |
| COWLING, Ian David | Director | 2014-10-01 | 2017-04-20 |
| PATEL, Yoginee, Dr | Director | 2009-03-01 | 2025-02-13 |
| SMITH, Jane | Director | 2000-03-21 | 2010-11-25 |
| SMITH, Phillip Raymond | Director | 1999-10-27 | 2013-04-08 |
| WILLIAMS-WYNN, Ian Robert | Director | 2018-03-22 | 2026-04-24 |
| COMPANY DIRECTORS LIMITED | Corporate Nominee Director | 1999-10-27 | 1999-10-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Saab Uk Limited | Corporate entity | Appoints directors, right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-firm | 2023-08-30 | Active |
| Blue Bear Systems Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-28 | Ceased 2023-08-30 |
| Dr Yoginee Patel | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2016-10-28 |
Filing timeline
Last 20 of 97 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-02 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-11 | CH01 | officers | Change person director company with change date | |
| 2025-12-11 | AA | accounts | Accounts with accounts type full | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-14 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-01-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-24 | AA | accounts | Accounts with accounts type small | |
| 2024-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-29 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-09 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2022-12-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-25 | AA | accounts | Accounts with accounts type unaudited abridged |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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.