SYSTEMAIR LIMITED
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Cash
£1.1M
+152,653.7% highest in 4 filed years
Net assets
£9.9M
+10.3% highest in 4 filed years
Employees
94
+13.3% highest in 4 filed years
Profit before tax
£3.7M
+13.2% highest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-04-30
| Metric | Trend | 2022-04-30 | 2023-04-30 | 2024-04-30 | 2025-04-30 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £32,507,109 | £37,463,138 | £43,151,095 | £44,869,673 | +4% | |
| Operating profit | £2,578,389 | £2,389,968 | £3,319,369 | £3,663,453 | +10.4% | |
| Profit before tax | £2,576,952 | £2,345,279 | £3,286,454 | £3,719,883 | +13.2% | |
| Net profit | £2,093,041 | £1,886,599 | £2,439,881 | £2,726,431 | +11.7% | |
| Cash | £1 | £1 | £698 | £1,066,221 | +152,653.7% | |
| Total assets less current liabilities | £6,827,877 | £7,714,476 | £8,954,357 | £9,880,788 | +10.3% | |
| Net assets | — | — | £8,954,357 | £9,880,788 | +10.3% | |
| Equity | £6,827,877 | £7,714,476 | £8,954,357 | £9,880,788 | +10.3% | |
| Average employees | 84 | 83 | 83 | 94 | +13.3% | |
| Wages | £3,067,677 | £3,259,806 | £3,413,659 | £4,658,599 | +36.5% | |
| Directors' remuneration | £129,871 | £155,713 | £140,579 | £154,350 | +9.8% |
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 | 2022-04-30 | 2023-04-30 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|---|
| Operating margin | 7.9% | 6.4% | 7.7% | 8.2% | |
| Net margin | 6.4% | 5.0% | 5.7% | 6.1% | |
| Return on capital employed | 37.8% | 31.0% | 37.1% | 37.1% | |
| Gearing (liabilities / total assets) | — | — | 36.1% | 48.2% | |
| Current ratio | — | — | 2.96x | 2.08x | |
| Interest cover | — | 53.48x | — | — |
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
- SYSTEMAIR LIMITED 2015-10-02 → present
- SYSTEMAIR FANS & SPARES LTD 2010-04-30 → 2015-10-02
- FANS & SPARES LIMITED 2004-01-15 → 2010-04-30
- PINCO 2059 LIMITED 2003-12-16 → 2004-01-15
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Wallwork Nelson & Johnson
- Audit opinion
- Qualified
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Strong growth was seen across all business areas due to increased demand in ventilation since Covid.”
- “Operating profit increased with the aim to reach 10% EBIT by 25/26 financial year.”
- “Gross margins slightly reduced due to some larger project orders; this will be a KPI for 25/26 to improve.”
- “Still faced with supply chain issues on components that have affected deliveries; these are expected to improve.”
- “Increased stock holdings will be implemented to offset import delays and exchange rates will continue to be closely monitored.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JAHANDAD, Awais | Secretary | 2020-11-01 | — | — |
| GLASSEL, Karl-Olof | Director | 2023-03-20 | Aug 1966 | Swedish |
| RAPLEY, Neil Adrian | Director | 2004-01-14 | May 1972 | British |
| ULFF, Bengt Anders Claesson | Director | 2023-03-20 | Jun 1967 | Swedish |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALI, Mudassar | Secretary | 2007-03-02 | 2020-11-01 |
| KNIGHT, Colin Clifford | Secretary | 2004-01-09 | 2006-01-18 |
| ULFF, Anders | Secretary | 2006-01-18 | 2007-03-02 |
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2003-12-16 | 2004-01-09 |
| ENGSTROM, Gerald | Director | 2004-01-09 | 2023-03-20 |
| LOVE, Peter | Director | 2004-01-09 | 2005-04-28 |
| PINSENT MASONS DIRECTOR LIMITED | Corporate Director | 2003-12-16 | 2004-01-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Neil Adrian Rapley | Individual | Significant influence, Significant influence (as firm) | 2016-04-06 | Active |
Filing timeline
Last 20 of 88 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-20 | AA | accounts | Accounts with accounts type full | |
| 2024-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-06 | AA | accounts | Accounts with accounts type full | |
| 2023-04-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-18 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-27 | AA | accounts | Accounts with accounts type full | |
| 2023-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-17 | AA | accounts | Accounts with accounts type full | |
| 2022-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-10 | AA | accounts | Accounts with accounts type full | |
| 2021-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2020-11-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2019-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.