NEXTEQ PLC
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Cash
£19M
USD 25,306,000
-14.1% lowest in 3 filed years
Net assets
£53M
USD 70,501,000
+36.6% vs 2024
Employees
212
-4.9% lowest in 3 filed years
Profit before tax
£2.4M
USD 3,152,000
+83.1% vs 2024
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £85,603,384 | £64,903,429 | £67,545,291 | +4.1% | |
| Operating profit | £9,305,285 | £225,333 | £1,730,049 | +667.8% | |
| Profit before tax | £9,663,872 | £1,288,367 | £2,359,635 | +83.1% | |
| Net profit | £8,157,658 | £232,819 | £1,441,084 | +519% | |
| Cash | £21,265,159 | £22,060,937 | £18,944,453 | -14.1% | |
| Total assets less current liabilities | £63,022,908 | £38,111,993 | — | — | |
| Net assets | £61,645,456 | £38,649,498 | £52,778,110 | +36.6% | |
| Equity | £61,645,456 | £38,649,498 | £52,778,110 | +36.6% | |
| Average employees | 238 | 223 | 212 | -4.9% | |
| Wages | £13,636,023 | £13,052,104 | £12,663,572 | -3% | |
| Directors' remuneration | £799,521 | £1,131,906 | £1,551,879 | +37.1% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 10.9% | 0.3% | 2.6% | |
| Net margin | 9.5% | 0.4% | 2.1% | |
| Return on capital employed | 14.8% | 0.6% | — | |
| Gearing (liabilities / total assets) | 19.9% | 39.6% | 20.8% | |
| Current ratio | 4.21x | 5.13x | 4.23x | |
| Interest cover | — | 10.75x | 14.01x |
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
- NEXTEQ PLC 2023-05-18 → present
- QUIXANT PLC 2013-04-29 → 2023-05-18
- QUIXANT LIMITED 2005-03-30 → 2013-04-29
- VECCHIAMICI LIMITED 2001-11-05 → 2005-03-30
Audit & accounting basis
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In assessing the appropriateness of adopting the going concern basis in the preparation of these financial statements, the Directors have prepared cash flow forecasts and projections for a period of at least 12 months from date of signing the financial statements. Following careful consideration of the base case forecast scenario and application of severe but plausible downside scenarios to these forecasts, the Directors have a reasonable expectation that the Group has adequate resources to continue to operate within the level of its current facilities for a period of at least 12 months from the date of this report. Therefore, the Directors continue to adopt the going concern basis of accounting in preparing the Group and Company financial statements.”
Group structure
- NEXTEQ PLC · parent
- Quixant USA, Inc 100%
- Nexteq UK Limited 100%
- Quixant Gaming Limited 100%
- Densitron Limited 100%
- Quixant Italia Srl 99%
- Densitron Corporation of Japan 100%
- Densitron Corporation of America 100%
- Densitron France SAS 100%
- Nexteq Deutschland GmbH 100%
- Densitron Embedded d.o.o. 100%
Significant events
- “The Group's second share buyback programme approving the repurchase of up to 5,999,849 shares, launched at the end of 2025, did not result in any shares being repurchased before 31 December 2025 under this programme. After the reporting date, the Company has purchased 3,984,263 ordinary shares as at 17 March 2026 under the programme for an aggregate consideration of $3.9m. Shares repurchased under the share buyback programme are held in treasury.”
- “In 2026, a further $1.5m deposit has been paid. Following Board approval, on 6th March 2026 the property acquisition was completed for a total consideration of $15.5m, with $12.2m funding provided through a new mortgage facility with TCB bank. The mortgage funding is secured on a 20-year repayment with an interest rate of 1.95%.”
- “On 10th March 2026, the Company entered into agreement to sell its existing property in Taipei for consideration of $3.7m. The transaction is scheduled to complete towards the end of 2026, once the Company has moved into its new office.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARBER, Ben | Secretary | 2024-06-27 | — | — |
| FAITHFULL, Duncan Thomas Edward | Director | 2024-08-28 | Feb 1971 | British |
| JARMANY, Nicholas Charles Leopold | Director | 2005-03-16 | Oct 1961 | British |
| MULLINS, Gary Paul | Director | 2006-01-11 | Jan 1971 | British |
| PENNY, Duncan John | Director | 2022-09-12 | Feb 1963 | British |
| STAIGHT, Matthew | Director | 2024-12-19 | Apr 1983 | British |
| THOMPSON, Carol | Director | 2022-09-12 | May 1962 | British |
| WILKINSON, Deborah Janet | Director | 2025-10-30 | Dec 1974 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MILNE, Alan Robert | Secretary | 2013-02-11 | 2016-11-15 |
| PARK, Louise Emily | Secretary | 2016-11-15 | 2021-07-15 |
| WALLACE, Susan Margaret | Secretary | 2021-07-15 | 2024-06-27 |
| ARM SECRETARIES LIMITED | Corporate Nominee Secretary | 2001-11-05 | 2013-02-11 |
| HANSRA, Gurdeep Singh | Director | 2005-02-11 | 2007-06-30 |
| HUDSON, Gaye Anne Yvonne | Director | 2017-03-22 | 2020-05-19 |
| JAYAL, Jonathan Francis | Director | 2016-06-20 | 2024-08-28 |
| LIN, Chen Tai | Director | 2007-07-12 | 2020-05-31 |
| MARZILLI, Francesca | Director | 2001-11-05 | 2005-07-06 |
| MILLWARD, Guy Leighton | Director | 2018-10-01 | 2020-08-21 |
| MILNE, Alan Robert | Nominee Director | 2001-11-05 | 2001-11-05 |
| OLIVIER, Johannes Jacobus | Director | 2021-08-31 | 2024-10-31 |
| PAYNE, Nigel Terrence | Director | 2020-07-01 | 2020-08-31 |
| PEAGRAM, Michael John | Director | 2013-02-01 | 2021-05-06 |
| PREDDY, Alice Cresten | Director | 2012-07-01 | 2018-12-31 |
| SMALL, Francis David | Director | 2021-01-15 | 2024-08-13 |
| VAN ZWANENBERG, Guy Christopher | Director | 2013-03-01 | 2023-04-27 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 227 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-06 RESOLUTIONS Resolution
- 2025-09-22 RESOLUTIONS Resolution
- 2025-05-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-06 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-05 | AA | accounts | Accounts with accounts type group | |
| 2026-04-01 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-04-01 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-04-01 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-04-01 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-04-01 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-03-21 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-03-19 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-03-05 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-02-18 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-02-18 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-02-10 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-02-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-20 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-11-28 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-22 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-12 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 19
- Capital events
- 14
- Officers appointed
- 1
- 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.