HANWHA VISION EUROPE LIMITED
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Cash
£4.6M
-27.5% lowest in 3 filed years
Net assets
£16M
+2.7% highest in 3 filed years
Employees
166
+9.2% highest in 3 filed years
Profit before tax
£537K
-62.7% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary 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 | £90,652,000 | £103,405,000 | £113,847,000 | +10.1% | |
| Operating profit | £2,629,000 | £1,516,000 | £652,000 | -57% | |
| Profit before tax | £2,788,000 | £1,439,000 | £537,000 | -62.7% | |
| Net profit | £2,043,000 | £820,000 | £413,000 | -49.6% | |
| Cash | £7,257,000 | £6,367,000 | £4,613,000 | -27.5% | |
| Total assets less current liabilities | £15,423,000 | £16,579,000 | £17,478,000 | +5.4% | |
| Net assets | £14,384,000 | £15,204,000 | £15,617,000 | +2.7% | |
| Equity | £14,384,000 | £15,204,000 | £15,617,000 | +2.7% | |
| Average employees | 133 | 152 | 166 | +9.2% | |
| Wages | £8,467,000 | £9,707,000 | £10,978,000 | +13.1% | |
| Directors' remuneration | £653,000 | £601,000 | £709,000 | +18% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.9% | 1.5% | 0.6% | |
| Net margin | 2.3% | 0.8% | 0.4% | |
| Return on capital employed | 17.0% | 9.1% | 3.7% | |
| Gearing (liabilities / total assets) | 71.4% | 74.8% | 75.0% | |
| Current ratio | 1.39x | 1.33x | 1.33x | |
| Interest cover | 46.95x | 19.19x | 5.22x |
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 4 times since incorporation
- HANWHA VISION EUROPE LIMITED 2023-04-19 → present
- HANWHA TECHWIN EUROPE LIMITED 2016-04-04 → 2023-04-19
- SAMSUNG TECHWIN EUROPE LIMITED 2008-12-19 → 2016-04-04
- SAMSUNG OPTO-ELECTRONICS UK LIMITED 2002-01-11 → 2008-12-19
- SAMSUNG TECHWIN (UK) LIMITED 2001-12-20 → 2002-01-11
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company meets its day-to-day working capital requirements through its cash reserves. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current cash reserves. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months. The company therefore continues to adopt the going concern basis in preparing its financial statements.”
Significant events
- “2025 Business Plan - When approving the company's business plan for the year the directors took regard to the company's vision of providing premium security products with high performance, high resolution and high stability to create new social values of safety and reliability, and working for customer trust, and respect from the people who live in communities where they operate.”
- “Establishment of a Dedicated Global Accounts Team - During 2025 the decision was taken by the company to set up a new team dedicated to the management of global accounts.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PARK, Junho | Secretary | 2022-08-01 | — | — |
| KIM, Woo Jin | Director | 2026-02-01 | Jan 1971 | South Korean |
| PARK, Junho | Director | 2022-08-01 | Oct 1980 | South Korean |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| IN, Tae Sung | Secretary | 2009-04-01 | 2012-01-31 |
| KIM, Dae Youn | Secretary | 2012-02-01 | 2014-04-15 |
| KIM, Yongjun | Secretary | 2002-02-01 | 2010-12-29 |
| LEE, Beom Hee | Secretary | 2014-04-16 | 2017-08-01 |
| LEE, Byungrok | Secretary | 2002-01-11 | 2002-02-01 |
| LEE, Chang Baek | Secretary | 2017-08-01 | 2022-08-01 |
| CRS LEGAL SERVICES LIMITED | Corporate Nominee Secretary | 2001-12-20 | 2002-01-11 |
| HWANG, Ho Yon | Director | 2016-01-20 | 2020-11-30 |
| IN, Tae Sung | Director | 2009-04-01 | 2012-01-31 |
| JUNG, Sungmo | Director | 2002-01-11 | 2002-02-01 |
| KIM, Dae Youn | Director | 2012-02-01 | 2014-04-15 |
| KIM, Seung Hwan | Director | 2008-04-14 | 2009-04-01 |
| KIM, Yongjun | Director | 2002-02-01 | 2010-12-29 |
| KWON, Hyung Chul | Director | 2006-05-25 | 2008-04-14 |
| LEE, Beom Hee | Director | 2014-04-16 | 2017-08-01 |
| LEE, Chaewon | Director | 2020-12-01 | 2026-02-01 |
| LEE, Chang Baek | Director | 2017-08-01 | 2022-08-01 |
| LEE, Dong Kyo | Director | 2010-12-29 | 2011-10-17 |
| LEE, Dongkyo | Director | 2002-01-11 | 2006-05-25 |
| LEE, Sang Mok | Director | 2002-02-01 | 2006-01-13 |
| LIM, Jong Wan | Director | 2013-12-12 | 2015-10-31 |
| PARK, Hyo Nam | Director | 2011-10-17 | 2013-12-04 |
| PARK, Jongjin | Director | 2015-11-01 | 2016-01-20 |
| MC FORMATIONS LIMITED | Corporate Nominee Director | 2001-12-20 | 2002-01-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hanwha Techwin Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-10-01 |
Filing timeline
Last 20 of 122 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-04-19 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | AA | accounts | Accounts with accounts type full | |
| 2026-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-13 | AA | accounts | Accounts with accounts type full | |
| 2025-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-15 | AA | accounts | Accounts with accounts type full | |
| 2024-01-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-13 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2023-10-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-08-29 | AA | accounts | Accounts with accounts type full | |
| 2023-04-19 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-08-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-18 | AA | accounts | Accounts with accounts type full | |
| 2022-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-05 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.