COSWORTH ELECTRONICS LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-05-07 (in 1y)
Last made up 2026-04-23
Watchouts
None on the register
Cash
£2M
+73.9% vs 2024
Net assets
£11M
+5.4% vs 2024
Employees
108
-18.8% vs 2024
Profit before tax
£428K
+109.8% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £23,150,000 | £18,938,000 | |
| Operating profit | -£4,557,000 | £1,378,000 | |
| Profit before tax | -£4,362,000 | £428,000 | |
| Net profit | -£4,497,000 | £565,000 | |
| Cash | £952,000 | £1,656,000 | |
| Total assets less current liabilities | £10,636,000 | £10,935,000 | |
| Net assets | £10,370,000 | £10,935,000 | |
| Equity | £10,370,000 | £10,935,000 | |
| Average employees | 133 | 108 | |
| Wages | £7,428,000 | £6,379,000 | |
| Directors' remuneration | £0 | £0 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
-18.2%
£23,150,000 £18,938,000
-
Cash
+73.9%
£952,000 £1,656,000
-
Net assets
+5.4%
£10,370,000 £10,935,000
-
Employees
-18.8%
133 108
-
Operating profit
+130.2%
-£4,557,000 £1,378,000
-
Profit before tax
+109.8%
-£4,362,000 £428,000
-
Wages
-14.1%
£7,428,000 £6,379,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | -19.7% | 7.3% | |
| Net margin | -19.4% | 3.0% | |
| Return on capital employed | -42.8% | 12.6% | |
| Gearing (liabilities / total assets) | 29.9% | 24.1% | |
| Current ratio | 3.04x | 3.98x | |
| Interest cover | -253.17x | 98.43x |
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
- COSWORTH ELECTRONICS LIMITED 2009-03-05 → present
- PI RESEARCH LIMITED 2007-07-31 → 2009-03-05
- PI GROUP LIMITED 2005-01-19 → 2007-07-31
- RACEDATA LIMITED 2004-12-14 → 2005-01-19
- LAWGRA (NO.1125) LIMITED 2004-11-03 → 2004-12-14
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The director remains confident in applying the going concern basis of accounting. Forecasts assessed against funding show ability to meet obligations for 12 months. Shareholder provided letter of support for additional funding if required. Forecasts and projections are subject to inherent risks, as assumptions may need to be revised.”
Significant events
- “Cosworth Electronics Limited underwent restructuring in FY2025 to adapt to a challenging market environment and establish a lower cost base.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FAWCETT, Michelle Rae | Director | 2026-04-17 | Jan 1961 | American |
| FORSYTHE, Gerald Ray | Director | 2024-05-23 | Nov 1940 | American |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WILDMAN, Pierre Charles | Secretary | 2004-12-14 | 2024-05-23 |
| LAWGRAM SECRETARIES LIMITED | Corporate Nominee Secretary | 2004-11-03 | 2004-12-14 |
| DENOTTO, Gerald Frank | Director | 2005-03-16 | 2011-09-09 |
| FORSYTHE, Gerald R | Director | 2005-03-16 | 2009-08-28 |
| KALKHOVEN, Kevin Oscar Newton | Director | 2004-12-14 | 2021-10-19 |
| LAGOWSKI, Lawrence Allan | Director | 2009-08-28 | 2011-06-28 |
| PALETHORPE, Mark John | Director | 2008-08-14 | 2013-06-28 |
| REISIGER, Hal Jon | Director | 2013-10-10 | 2024-05-21 |
| ROUTSIS, Timothy | Director | 2005-03-16 | 2013-06-28 |
| STEPHENSON, Martin Clive | Director | 2005-03-16 | 2006-04-30 |
| WILDMAN, Pierre Charles | Director | 2011-09-09 | 2024-05-21 |
| WILDMAN, Pierre Charles | Director | 2005-03-16 | 2011-06-28 |
| WHALE ROCK DIRECTORS LIMITED | Corporate Nominee Director | 2004-11-03 | 2004-12-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cosworth Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 116 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-25 | AA | accounts | Accounts with accounts type full | |
| 2026-04-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-16 | RP04TM01 | officers | Second filing of director termination with name | |
| 2024-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-23 | CH01 | officers | Change person director company with change date | |
| 2024-04-22 | AA | accounts | Accounts with accounts type full | |
| 2023-04-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-15 | AA | accounts | Accounts with accounts type full | |
| 2022-04-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-04-19 | AA | accounts | Accounts with accounts type full | |
| 2021-10-26 | TM01 | officers | Termination director company with name termination date | |
| 2021-05-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-04-28 | AA | accounts | Accounts with accounts type full | |
| 2020-06-02 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.