ORE CATAPULT DEVELOPMENT SERVICES LIMITED
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Cash
£2.2m
-25.9% lowest in 3 filed years
Net assets
£19m
+10% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£2.3m
+59.2% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £16,431,000 | £14,222,000 | £11,881,000 | -16.5% | |
| Operating profit | £1,363,000 | £1,333,000 | £2,151,000 | +61.4% | |
| Profit before tax | £1,363,000 | £1,417,000 | £2,256,000 | +59.2% | |
| Net profit | £1,015,000 | £1,067,000 | £1,688,000 | +58.2% | |
| Cash | £2,617,000 | £2,919,000 | £2,163,000 | -25.9% | |
| Total assets less current liabilities | £15,794,000 | £16,861,000 | £18,549,000 | +10% | |
| Net assets | £15,794,000 | £16,861,000 | £18,549,000 | +10% | |
| Equity | £15,794,000 | £16,861,000 | £18,549,000 | +10% | |
| Average employees | — | — | — | — | |
| 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. 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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 8.3% | 9.4% | 18.1% | |
| Net margin | 6.2% | 7.5% | 14.2% | |
| Return on capital employed | 8.6% | 7.9% | 11.6% | |
| Gearing (liabilities / total assets) | 4.5% | 5.3% | 8.2% | |
| Current ratio | 22.03x | 18.69x | 12.25x |
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
- ORE CATAPULT DEVELOPMENT SERVICES LIMITED 2015-04-22 → present
- NAREC DEVELOPMENT SERVICES LIMITED 2005-11-25 → 2015-04-22
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this cash flow information the directors consider that the Company will continue to meet its financial obligations as they fall for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis”
Group structure
- ORE CATAPULT DEVELOPMENT SERVICES LIMITED · parent
- Shandong TUS Offshore Renewable Energy Centre (TORC) Limited 30%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WALLS, Andrew Peter Lindsay | Secretary | 2021-08-27 | — | — |
| FOXLEY, Steven Robert | Director | 2024-12-31 | Jul 1976 | British |
| GARCIA DUFFY, Cristina, Dr | Director | 2022-04-01 | May 1980 | Spanish |
| MACDONALD, Andrew James | Director | 2022-04-01 | Apr 1968 | British |
| WALLS, Andrew Peter Lindsay | Director | 2015-03-20 | Jul 1968 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEATTIE, Steven James | Secretary | 2020-03-13 | 2021-08-27 |
| CHIPCHASE, Jill | Secretary | 2005-11-25 | 2006-06-06 |
| CURRIE, David Bernard | Secretary | 2015-02-09 | 2015-03-20 |
| CURRIE, David | Secretary | 2014-03-31 | 2015-02-02 |
| MARR, Richard Donald | Secretary | 2006-06-28 | 2014-03-31 |
| TODD, James Douglas William | Secretary | 2019-03-04 | 2020-03-13 |
| WALLS, Andrew Peter Lindsay | Secretary | 2015-02-02 | 2019-03-04 |
| CASELEY, Steven | Director | 2011-04-27 | 2012-11-09 |
| CLOUGH, John William | Director | 2011-05-06 | 2013-05-04 |
| FLOYD, Christopher Gordon, Dr | Director | 2012-06-01 | 2014-05-07 |
| HILL, Christopher Joseph | Director | 2016-03-15 | 2021-05-13 |
| IKWUE, Anthony, Dr | Director | 2012-02-01 | 2013-10-24 |
| JAMIESON, Andrew John | Director | 2014-10-27 | 2024-07-09 |
| KENNEDY, Malcolm William, Dr | Director | 2006-03-24 | 2012-01-31 |
| LINFOOT, Richard John | Director | 2005-11-25 | 2006-01-31 |
| MARR, Richard Donald | Director | 2006-06-28 | 2014-10-29 |
| MCINTOSH, Jeffrey Alder | Director | 2012-02-01 | 2014-03-31 |
| MILL, Andrew | Director | 2005-11-25 | 2014-04-01 |
| MURCH, Trevor James | Director | 2011-12-01 | 2014-03-31 |
| QUINN, Anthony Lawrence | Director | 2011-04-27 | 2025-03-28 |
| RICKETT, William Francis Sebastian | Director | 2010-10-01 | 2013-05-31 |
| RUTHERFORD, Alan Gray, Dr | Director | 2006-03-24 | 2011-12-01 |
| TAVNER, Peter John, Professor | Director | 2007-07-01 | 2011-08-10 |
| THOMPSON, Ruth | Director | 2012-02-01 | 2013-05-17 |
| THOMPSON, Ruth | Director | 2007-07-01 | 2007-07-01 |
| WALLS, Andrew Peter Lindsay | Director | 2015-02-02 | 2015-02-09 |
| WHITE, Anthony Alfred Leigh, Dr | Director | 2006-03-24 | 2012-05-31 |
| WHITE, Anthony Alfred Leigh, Dr | Director | 2006-03-24 | 2006-03-24 |
| WILSON, Brian David Henderson, Rt Hon | Director | 2006-03-24 | 2006-08-31 |
| WYATT, Stephen Mark, Dr | Director | 2022-04-01 | 2025-10-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Offshore Renewable Energy Catapult | Corporate entity | Significant influence | 2016-06-01 | Active |
Filing timeline
Last 20 of 121 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-09 | AA | accounts | Accounts with accounts type full | |
| 2026-05-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-04 | AA | accounts | Accounts with accounts type full | |
| 2023-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-17 | AA | accounts | Accounts with accounts type full | |
| 2022-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-12 | AA | accounts | Accounts with accounts type full | |
| 2022-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-08-30 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.