TXO SYSTEMS LTD
Get an alert when TXO SYSTEMS LTD files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£865k
lowest in 3 filed years
Net assets
£30m
highest in 3 filed years
Employees
116
lowest in 3 filed years
Profit before tax
-£3.1m
Period ending 2025-12-31
Net assets
3-year trend · vs Telecommunications median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-06-30 | 2024-06-30 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £23,472,397 | £24,225,399 | £33,367,545 | — | |
| Operating profit | -£2,566,838 | £1,705,674 | -£2,913,376 | — | |
| Profit before tax | -£175,035 | £1,762,682 | -£3,145,639 | — | |
| Net profit | £2,988,727 | £1,406,324 | -£2,444,496 | — | |
| Cash | £6,144,893 | £977,502 | £865,486 | — | |
| Total assets less current liabilities | £15,084,947 | £16,491,271 | £29,799,019 | — | |
| Net assets | £14,945,256 | £16,351,580 | £29,799,019 | — | |
| Equity | £14,945,256 | £16,351,580 | £29,799,019 | — | |
| Average employees | 119 | 121 | 116 | — | |
| Wages | £8,512,665 | £5,612,742 | £8,638,862 | — | |
| Directors' remuneration | £3,653,729 | £164,335 | £49,140 | — | |
| Directors' pension contributions | £38,760 | £12,093 | £18,000 | — | |
| Highest paid director | £2,307,865 | — | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 18 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-06-30 | 2024-06-30 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -10.9% | 7.0% | -8.7% | |
| Net margin | 12.7% | 5.8% | -7.3% | |
| Return on capital employed | -17.0% | 10.3% | -9.8% | |
| Gearing (liabilities / total assets) | 46.9% | 44.8% | 38.6% | |
| Current ratio | 1.77x | 1.88x | 2.30x |
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 1 time since incorporation
- TXO SYSTEMS LTD 2011-01-10 → present
- TRANSMISSION ONLY LTD 2005-06-13 → 2011-01-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- UHY Hacker Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board remains positive that as a critical product and service provider to a globally spread telecommunication infrastructure customer base, that has not been unduly impacted by multiple recent events, that continuing trade remains protected and positive.”
Group structure
- TXO SYSTEMS LTD · parent
- MMX Communications Services Limited 100%
- TXO Systems Inc. 100%
- TXO Systems Limitada 100%
- TXO Systems Pty. 100%
- TXO Systems SAS 100%
- TXO Systems AB 100%
- TXO Systems KK 100%
- AirWay Group LLC 100%
- AirWay Technologies LLC 100%
- AirWay Solutions LLC 100%
- Mobile Network Supply LLC 49%
Significant events
- “TXO Systems KK is currently in liquidation.”
- “Redundancy costs of £357,885 are in relation to staff costs following the restructure of the business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CAMPBELL, John Michael Joseph | Director | 2025-08-11 | Dec 1967 | British |
| LEMANSKI, Oliver Lucsan | Director | 2026-09-25 | Jun 1979 | British |
| O'MARAH, Meave Gately | Director | 2026-09-25 | May 1964 | American |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OCKENDEN, Rachel | Secretary | 2005-06-13 | 2013-12-16 |
| BETTINGTON, Stuart Ian | Director | 2006-09-01 | 2011-08-31 |
| COAKLEY, Calvin Lloyd | Director | 2012-10-01 | 2023-06-20 |
| GRIFFITHS, Simon Graham | Director | 2018-12-20 | 2025-02-25 |
| GROSE, Ian Russell | Director | 2025-02-25 | 2025-08-20 |
| MOUNTFORD, Thomas Edward | Director | 2025-07-14 | 2026-06-03 |
| OCKENDEN, Alan John | Director | 2005-06-13 | 2023-06-20 |
| OCKENDEN, Rachel | Director | 2005-06-13 | 2023-06-20 |
| PEARCE, Darren Lee | Director | 2015-11-02 | 2024-07-26 |
| PRITCHARD, Ann | Director | 2008-10-20 | 2023-06-20 |
| SCOTT, Jonathan Cape | Director | 2026-01-26 | 2026-07-27 |
| SEDDAR, Farid | Director | 2024-07-26 | 2024-11-18 |
| WILLIAMS, David Richard | Director | 2022-04-16 | 2023-11-10 |
| WORT, Simon James | Director | 2024-07-26 | 2025-08-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Txo Delta Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-06-20 | Active |
| Mr Alan John Ockenden | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-06-13 | Ceased 2023-06-20 |
| Mrs Rachel Ockenden | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-06-13 | Ceased 2023-06-20 |
Filing timeline
Last 20 of 154 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-15 RP04SH01 Legacy PDF
- 2025-04-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AP01 | officers | Appoint person director company with name date | |
| 2026-09-28 | AP01 | officers | Appoint person director company with name date | |
| 2026-09-24 | AA | accounts | Accounts with accounts type full | |
| 2026-09-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-09-09 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-06-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-15 | RP04SH01 | change-of-name | Legacy | |
| 2025-09-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-11 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-03 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 1
- 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.