42 TECHNOLOGY LIMITED
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Cash
£532k
-81.7% lowest in 6 filed years
Net assets
£2.8m
-36.4% vs 2024
Employees
75
-1.3% vs 2024
Profit before tax
-£1.9m
-286.9% lowest in 3 filed years
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £8,728,529 | £10,890,080 | £6,737,740 | -38.1% | |
| Operating profit | — | — | — | £686,609 | £979,423 | -£1,897,034 | -293.7% | |
| Profit before tax | — | — | — | £717,200 | £1,037,154 | -£1,938,217 | -286.9% | |
| Net profit | — | — | — | £589,500 | £947,812 | -£1,595,856 | -268.4% | |
| Cash | £2,020,938 | £1,416,950 | £1,791,578 | £2,605,623 | £2,909,740 | £532,154 | -81.7% | |
| Total assets less current liabilities | £2,869,951 | £2,852,196 | £3,301,341 | £3,722,353 | £4,676,675 | £3,978,217 | -14.9% | |
| Net assets | £2,210,225 | £2,317,584 | £2,877,451 | £3,441,951 | £4,389,763 | £2,793,907 | -36.4% | |
| Equity | £2,210,225 | £2,317,584 | £2,877,451 | £3,441,951 | £4,389,763 | £2,793,907 | -36.4% | |
| Average employees | 39 | 45 | 49 | 62 | 76 | 75 | -1.3% | |
| Wages | — | — | — | £3,669,445 | £4,616,110 | £4,537,453 | -1.7% | |
| Directors' remuneration | — | — | — | £419,847 | £481,818 | £682,443 | +41.6% | |
| Directors' pension contributions | — | — | — | £59,477 | £90,846 | £127,643 | +40.5% | |
| Highest paid director | — | — | — | £128,390 | £151,536 | £189,225 | +24.9% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 7.9% | 9.0% | -28.2% | |
| Net margin | — | — | — | 6.8% | 8.7% | -23.7% | |
| Return on capital employed | — | — | — | 18.4% | 20.9% | -47.7% | |
| Gearing (liabilities / total assets) | 36.2% | 34.5% | 33.4% | 34.6% | 33.5% | 51.7% | |
| Current ratio | — | — | — | 3.24x | 3.33x | 2.03x | |
| Interest cover | — | — | — | 75.44x | — | -24.20x |
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
- 42 TECHNOLOGY LIMITED 2002-05-10 → present
- LITTON TECHNOLOGY LIMITED 2001-12-17 → 2002-05-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis of accounting”
Significant events
- “On 13 February 2026, subsequent to the balance sheet date, the Company's parent undertaking 42 Technology Group Limited was acquired by British Engines (UK) Limited. Further details are included in note 25.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWN, Peter James, Dr | Director | 2024-12-19 | Oct 1974 | British |
| FLOYD, Christopher Gordon, Dr | Director | 2020-01-13 | Mar 1955 | British |
| HARVEY, Christine, Dr | Director | 2022-11-01 | Jan 1959 | British |
| LAWES, John Paul Frederick | Director | 2025-03-26 | Dec 1969 | British |
| MACKAY, Alan William | Director | 2022-07-19 | Mar 1984 | British |
| SPRATLEY, Jon Peter Frederick, Dr | Director | 2014-01-01 | Dec 1980 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CAMPLING, Christine Janet | Secretary | 2001-12-17 | 2004-01-28 |
| O'FARRELL, David John | Secretary | 2004-01-28 | 2007-07-02 |
| SMITH, Susan | Secretary | 2008-09-11 | 2022-11-04 |
| TUCKER, Susan Joanna | Secretary | 2007-07-02 | 2008-09-11 |
| PROFORM COMPANY SECRETARY SERVICES LIMITED | Corporate Secretary | 2001-12-17 | 2001-12-17 |
| BIDDLE, Howard William | Director | 2002-01-01 | 2020-02-25 |
| CAMPLING, Nicholas John | Director | 2001-12-17 | 2006-09-11 |
| CAREY, Jeremy Nicholas | Director | 2014-01-01 | 2019-05-15 |
| CHAPMAN, Andrew David | Director | 2014-01-01 | 2017-04-19 |
| RHODES, Andrew Michael | Director | 2018-05-23 | 2019-09-11 |
| SMITH, Susan | Director | 2014-01-01 | 2025-10-31 |
| WILSON, David, Dr | Director | 2004-06-16 | 2022-11-04 |
| PROFORM CORPORATE NOMINEES LIMITED | Corporate Director | 2001-12-17 | 2001-12-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| 42 Technology Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 113 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-17 | AA | accounts | Accounts with accounts type full | |
| 2026-01-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-09-09 | CH01 | officers | Change person director company with change date | |
| 2025-09-09 | CH01 | officers | Change person director company with change date | |
| 2025-07-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-17 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-14 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-08-10 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-07-22 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.