CELTIC PROCESS SYSTEMS LIMITED
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Cash
£1.7m
+17.2% vs 2024
Net assets
£2.4m
+6.4% highest in 3 filed years
Employees
54
+1.9% highest in 3 filed years
Profit before tax
£755k
+2.8% 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
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2023-10-31 | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £10,347,146 | £8,128,633 | £9,621,874 | +18.4% | |
| Operating profit | £921,880 | £715,655 | £765,550 | +7% | |
| Profit before tax | £917,756 | £734,024 | £754,692 | +2.8% | |
| Net profit | £701,835 | £548,001 | £560,802 | +2.3% | |
| Cash | £1,787,859 | £1,490,041 | £1,746,997 | +17.2% | |
| Total assets less current liabilities | £2,270,896 | £2,329,257 | £2,480,160 | +6.5% | |
| Net assets | £2,161,548 | £2,214,549 | £2,356,533 | +6.4% | |
| Equity | £2,161,548 | £2,214,549 | £2,356,533 | +6.4% | |
| Average employees | 53 | 53 | 54 | +1.9% | |
| Wages | £2,467,945 | £2,672,975 | £3,137,453 | +17.4% | |
| Directors' remuneration | £155,713 | £164,193 | £165,998 | +1.1% | |
| Directors' pension contributions | £10,000 | £10,000 | £10,000 | 0% |
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 | 2023-10-31 | 2024-10-31 | 2025-10-31 |
|---|---|---|---|---|
| Operating margin | 8.9% | 8.8% | 8.0% | |
| Net margin | 6.8% | 6.7% | 5.8% | |
| Return on capital employed | 40.6% | 30.7% | 30.9% | |
| Gearing (liabilities / total assets) | 50.0% | 42.7% | 48.3% | |
| Current ratio | 1.74x | 2.00x | 1.81x | |
| Interest cover | 68.54x | — | 18.09x |
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
- Consolidated group
- Auditor
- Evens & Co Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the Consolidated Financial Statements are authorised for issue.”
Group structure
- CELTIC PROCESS SYSTEMS LIMITED · parent
- Whitland Engineering Limited 100%
Significant events
- “The company is aware of significant price changes in fuel and materials arising during the year end and has considered the possible effect that the ongoing war in Ukraine, combined with heightened tensions involving Iran and the wider Middle East will have on UK prices and supply.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, William Huw | Secretary | 2003-05-02 | — | Welsh |
| DAVIES, William Huw | Director | 2003-05-02 | Jul 1961 | Welsh |
| JAMES, Philip Anthony Falconer | Director | 2025-05-01 | Dec 1982 | Welsh |
| OWEN, James Lewis | Director | 2003-05-02 | Sep 1969 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRAEME, Dorothy May | Nominee Secretary | 2003-05-02 | 2003-05-02 |
| DONOVAN, John Arwyn | Director | 2005-05-01 | 2016-03-21 |
| GRAEME, Lesley Joyce | Nominee Director | 2003-05-02 | 2003-05-02 |
| GRIFFITHS, Raymond John Leslie | Director | 2003-12-03 | 2013-05-28 |
| JONES, Eurig | Director | 2003-05-02 | 2023-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Whitland Eot Trustee Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-09-17 | Active |
| Whitland Eot Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-03 | Ceased 2024-09-17 |
| Mr William Huw Davies | Individual | Shares 25–50% | 2017-05-02 | Ceased 2020-11-03 |
| Mr James Lewis Owen | Individual | Shares 25–50% | 2017-05-02 | Ceased 2020-11-03 |
| Mr Eurig Jones | Individual | Shares 25–50% | 2017-05-02 | Ceased 2020-11-03 |
Filing timeline
Last 20 of 112 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-07-15 RESOLUTIONS Resolution
- 2023-07-15 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-07 | AA | accounts | Accounts with accounts type group | |
| 2026-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-01 | AA | accounts | Accounts with accounts type group | |
| 2025-06-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-02 | AA | accounts | Accounts with accounts type group | |
| 2024-07-19 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-02 | AA | accounts | Accounts with accounts type group | |
| 2023-07-15 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-15 | MA | incorporation | Memorandum articles | |
| 2023-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-25 | AA | accounts | Accounts with accounts type group | |
| 2022-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-05 | AA | accounts | Accounts with accounts type group | |
| 2021-06-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-11-24 | SH06 | capital | Capital cancellation shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.