AUDIOCODES EUROPE LTD
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Cash
£315K
-54.3% vs 2023
Net assets
£798K
+7.9% vs 2023
Employees
24
0% vs 2023
Profit before tax
£266K
-29% vs 2023
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £3,471,810 | £3,248,010 | -6.4% | |
| Operating profit | £374,135 | £265,771 | -29% | |
| Profit before tax | £374,191 | £265,771 | -29% | |
| Net profit | £252,272 | £193,129 | -23.4% | |
| Cash | £689,095 | £315,025 | -54.3% | |
| Total assets less current liabilities | £740,073 | £798,372 | +7.9% | |
| Net assets | £740,073 | £798,372 | +7.9% | |
| Equity | £740,073 | £798,372 | +7.9% | |
| Average employees | 24 | 24 | 0% | |
| Wages | £2,834,740 | £2,400,112 | -15.3% | |
| 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. 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 |
|---|---|---|---|
| Operating margin | 10.8% | 8.2% | |
| Net margin | 7.3% | 5.9% | |
| Return on capital employed | 50.6% | 33.3% | |
| Current ratio | 2.05x | 2.44x |
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
- Standalone (parent only)
- Auditor
- Hampden
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company has a positive capital and reserve and positive net current assets. The company is profitable and will continue to be profitable in the future as according to the group TP policy, the company is entitled to a fixed margin on the services provided to the parent company. The company and the AudioCodes group are both operationally and financially inextricably linked. Having considered the post year trading and financial results of the group and the group's cash reserves, and after making enquiries of the directors of the parent undertaking, the directors have reasonable expectations that the company and the group have adequate resources to continue an operational existence and meet their liabilities for a period of at least 12 months from the date these financial statements were approved.”
Group structure
- AUDIOCODES EUROPE LTD · parent
- AudioCodes Germany GmbH 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARUCH, Niran | Director | 2022-02-07 | Jan 1971 | Israeli |
| NIMTSOVICH, Ofer | Director | 2022-02-07 | Apr 1969 | Israeli |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ROSEN, Itamar | Secretary | 2003-05-28 | 2012-10-11 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2003-05-28 | 2003-05-28 |
| ALDERSBERG, Shabtay | Director | 2012-06-14 | 2022-02-07 |
| AUDIOCODES LTD | Corporate Director | 2003-05-28 | 2019-01-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Audiocodes Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 60 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-22 | AA | accounts | Accounts with accounts type full | |
| 2025-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-28 | AA | accounts | Accounts with accounts type full | |
| 2024-07-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-28 | AA | accounts | Accounts with accounts type full | |
| 2022-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-23 | AA | accounts | Accounts with accounts type full | |
| 2021-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-09 | AA | accounts | Accounts with accounts type small | |
| 2020-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-06-27 | AA | accounts | Accounts with accounts type small | |
| 2019-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-01-29 | TM01 | officers | Termination director company with name termination date |
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.