FIFOSYS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-26 (in 4mo)
Last made up 2025-09-12
Watchouts
Cash
£1M
+293.4% highest in 6 filed years
Net assets
£4M
+166.7% highest in 6 filed years
Employees
76
+100% highest in 6 filed years
Profit before tax
£513K
-11.5% vs 2024
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
6-year trend · vs Technology median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £5,869,911 | £9,397,092 | |
| Operating profit | — | — | — | — | £592,199 | £750,891 | |
| Profit before tax | — | — | — | — | £579,566 | £513,200 | |
| Net profit | — | — | — | — | £397,175 | £308,897 | |
| Cash | £34,540 | £211,002 | £180,302 | £439,623 | £344,607 | £1,355,688 | |
| Total assets less current liabilities | £1,095,702 | £1,025,635 | £959,436 | £1,090,047 | £1,374,775 | £5,581,861 | |
| Net assets | £935,552 | £794,794 | £819,776 | £1,038,749 | £1,342,964 | £3,581,861 | |
| Equity | £935,552 | £794,794 | £819,776 | £1,038,749 | £1,342,964 | £3,581,861 | |
| Average employees | 18 | 18 | 28 | 33 | 38 | 76 | |
| Wages | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+60.1%
£5,869,911 £9,397,092
-
Cash
+293.4%
£344,607 £1,355,688
highest in 6 filed years
-
Net assets
+166.7%
£1,342,964 £3,581,861
highest in 6 filed years
-
Employees
+100%
38 76
highest in 6 filed years
-
Operating profit
+26.8%
£592,199 £750,891
-
Profit before tax
-11.5%
£579,566 £513,200
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 10.1% | 8.0% | |
| Net margin | — | — | — | — | 6.8% | 3.3% | |
| Return on capital employed | — | — | — | — | 43.1% | 13.5% | |
| Current ratio | — | — | — | — | 1.59x | 1.69x | |
| Interest cover | — | — | — | — | 20.78x | 3.03x |
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 §1A
- Reporting scope
- Consolidated group
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Akshar & Company
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.”
Group structure
- FIFOSYS LIMITED · parent
- Foration Limited 100%
- Enforce Technology Limited 100%
- Best IT Ltd 100%
- Technology Means Business Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PATEL, Nital Rajendra | Secretary | 2006-02-18 | — | British |
| PATEL, Miteshkumar Ratilal | Director | 2001-10-22 | Jul 1977 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PATEL, Miteshkumar Ratilal | Secretary | 2002-10-20 | 2006-02-18 |
| SAMRA, Parmeet Singh | Secretary | 2001-10-22 | 2002-10-20 |
| INCORPORATE SECRETARIAT LIMITED | Corporate Nominee Secretary | 2001-10-22 | 2001-10-22 |
| BANGAR, Abinash | Director | 2001-10-22 | 2006-02-01 |
| SAMRA, Parmeet Singh | Director | 2001-10-22 | 2003-01-01 |
| INCORPORATE DIRECTORS LIMITED | Corporate Nominee Director | 2001-10-22 | 2001-10-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Miteshkumar Ratilal Patel | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-11-17 | Active |
| Mrs Nital Rajendra Patel | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-05-14 |
Filing timeline
Last 20 of 102 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-22 MA Memorandum articles
- 2024-05-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-26 | AA | accounts | Accounts with accounts type group | |
| 2024-11-05 | SH01 | capital | Capital allotment shares | |
| 2024-09-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-10 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-05-22 | MA | incorporation | Memorandum articles | |
| 2024-05-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-12 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-26 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-03-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-02-05 | SH06 | capital | Capital cancellation shares | |
| 2021-02-05 | SH03 | capital | Capital return purchase own shares | |
| 2021-01-12 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 1
- 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.