NASMYTH IEC LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-04-30
Confirmation statement due
2026-06-19 (in 1mo)
Last made up 2025-06-05
Watchouts
Cash
£109K
Latest balance sheet
Net assets
-£2M
-53.4% lowest in 4 filed years
Employees
52
+4% vs 2024
Profit before tax
-£625K
-489.6% 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
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2025-04-30
| Metric | Trend | 2021-02-01 | 2022-04-30 | 2022-05-01 | 2023-04-30 | 2023-05-01 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £7,065,000 | — | £6,554,000 | — | £8,360,000 | £8,146,000 | |
| Operating profit | — | -£2,070,000 | — | £73,000 | — | £133,000 | -£87,000 | |
| Profit before tax | — | -£2,146,000 | — | -£44,000 | — | -£106,000 | -£625,000 | |
| Net profit | — | -£1,915,000 | — | -£66,000 | — | -£61,000 | -£582,000 | |
| Cash | — | £273,000 | — | £51,000 | — | — | £109,000 | |
| Total assets less current liabilities | — | -£137,000 | — | -£186,000 | — | -£306,000 | -£902,000 | |
| Net assets | — | -£962,000 | — | -£1,028,000 | — | -£1,089,000 | -£1,671,000 | |
| Equity | £953,000 | -£962,000 | -£962,000 | -£1,028,000 | -£1,028,000 | -£1,089,000 | -£1,671,000 | |
| Average employees | — | 56 | — | 49 | — | 50 | 52 | |
| Wages | — | — | — | — | — | — | — | |
| 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. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-04-30 vs 2024-04-30
-
Turnover
-2.6%
£8,360,000 £8,146,000
-
Cash
—
Not reported
-
Net assets
-53.4%
-£1,089,000 -£1,671,000
lowest in 4 filed years
-
Employees
+4%
50 52
-
Operating profit
-165.4%
£133,000 -£87,000
-
Profit before tax
-489.6%
-£106,000 -£625,000
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 | 2021-02-01 | 2022-04-30 | 2022-05-01 | 2023-04-30 | 2023-05-01 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -29.3% | — | 1.1% | — | 1.6% | -1.1% | |
| Net margin | — | -27.1% | — | -1.0% | — | -0.7% | -7.1% | |
| Return on capital employed | — | 1510.9% | — | -39.2% | — | -43.5% | 9.6% | |
| Current ratio | — | — | — | — | — | 0.81x | 0.63x | |
| Interest cover | — | -25.24x | — | 0.62x | — | 0.56x | -0.16x |
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 2 times since incorporation
- NASMYTH IEC LIMITED 2019-01-10 → present
- IEC ENGINEERING LIMITED 2005-08-12 → 2019-01-10
- GW 657 LIMITED 2005-06-09 → 2005-08-12
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- PKF Smith Cooper Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have concluded that the support provided by the Company's ultimate parent company in the UK, Sigma Advanced Systems UK Limited, in the form of that company's commitment not to request repayment of its intra group loan, together with the support provided by fellow subsidiary companies not to request repayment of any intra group liabilities due to them and the support provided by the ultimate parent group in India, in the form of the cross guarantee it has made to support the Company's working capital funding facilities, will provide sufficient funds to enable them to meet their obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements, and have accordingly concluded that it is appropriate to prepare these financial statements on a going concern basis.”
Significant events
- “On the 31st October 2025 the Company and all other companies in the Nasmyth Group were acquired by Sigma Advanced Systems UK Limited, a UK subsidiary of Megasoft Limited an Indian Company listed on the Indian Stock Exchange. Current facilities were maintained and further funding as required has been made available to the Company and Group for working capital and capital expenditure investment requirements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RICHARDS, Natasha | Secretary | 2025-12-08 | — | — |
| RAJU, Pramod Giridhar | Director | 2025-10-31 | Jun 1974 | Indian |
| ROONEY, John | Director | 2024-09-16 | Jul 1978 | British |
| STORER, Jacqueline Anne | Director | 2024-09-16 | Jul 1976 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EDMONDS, Maurice | Secretary | 2006-06-12 | 2018-02-12 |
| JONES, Paul Robert | Secretary | 2018-02-12 | 2020-12-31 |
| LEE, Andrew Michael | Secretary | 2005-07-27 | 2006-06-12 |
| COSSEY COSEC SERVICES LIMITED | Corporate Secretary | 2023-01-25 | 2025-10-31 |
| GW SECRETARIES LIMITED | Corporate Secretary | 2005-06-09 | 2005-07-27 |
| RJP SECRETARIES LIMITED | Corporate Secretary | 2022-02-21 | 2023-01-25 |
| BEECH, Simon William | Director | 2005-08-08 | 2023-05-31 |
| EDMONDS, Maurice | Director | 2005-07-27 | 2018-02-12 |
| FOLKES, Geoffrey Richard | Director | 2005-08-08 | 2007-05-04 |
| FYFE, Stuart Lee | Director | 2021-09-13 | 2022-10-13 |
| HAYNES, Dennis Robert | Director | 2005-08-10 | 2013-12-16 |
| JONES, Paul Robert, Mr. | Director | 2018-02-12 | 2020-12-31 |
| LARNER, James David | Director | 2023-10-26 | 2024-10-16 |
| ROBINS, Nicholas Calamada | Director | 2022-10-17 | 2023-06-30 |
| SMITH, Peter John | Director | 2005-07-27 | 2022-10-17 |
| UPTON, Antony John | Director | 2022-10-17 | 2024-09-06 |
| GOLD ROUND LIMITED | Corporate Director | 2022-02-21 | 2022-10-13 |
| GW INCORPORATIONS LIMITED | Corporate Director | 2005-06-09 | 2005-07-27 |
| W1S DIRECTORS LIMITED | Corporate Director | 2022-10-17 | 2025-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nasmyth Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-05-05 | Active |
| W1s Directors Limited | Corporate entity | Significant influence | 2022-10-17 | Ceased 2025-10-31 |
| Gold Round Limited | Corporate entity | Significant influence | 2022-02-21 | Ceased 2022-10-13 |
| Namyth Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-06-09 | Ceased 2023-05-05 |
Filing timeline
Last 20 of 139 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | AA01 | accounts | Change account reference date company previous shortened | |
| 2026-03-11 | AA | accounts | Accounts with accounts type full | |
| 2026-02-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-11-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-11-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-29 | AA | accounts | Accounts with accounts type full | |
| 2024-11-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-30 | AA | accounts | Accounts with accounts type full | |
| 2023-10-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-31 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.