SYSGROUP PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-03 (in 11mo)
Last made up 2026-03-20
Watchouts
None on the register
Cash
£9M
+349.8% vs 2024
Net assets
£24M
+60.7% vs 2024
Employees
100
-9.9% vs 2024
Profit before tax
-£2M
+62.7% vs 2024
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £22,714,000 | £20,501,000 | |
| Operating profit | -£5,996,000 | -£2,349,000 | |
| Profit before tax | -£6,570,000 | -£2,450,000 | |
| Net profit | -£5,900,000 | -£1,834,000 | |
| Cash | £1,943,000 | £8,740,000 | |
| Total assets less current liabilities | £21,045,000 | £30,913,000 | |
| Net assets | £14,767,000 | £23,731,000 | |
| Equity | £14,767,000 | £23,731,000 | |
| Average employees | 111 | 100 | |
| Wages | £5,034,000 | £5,586,000 | |
| Directors' remuneration | £1,279,000 | £818,000 |
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 2025-03-31 vs 2024-03-31
-
Turnover
-9.7%
£22,714,000 £20,501,000
-
Cash
+349.8%
£1,943,000 £8,740,000
-
Net assets
+60.7%
£14,767,000 £23,731,000
-
Employees
-9.9%
111 100
-
Operating profit
+60.8%
-£5,996,000 -£2,349,000
-
Profit before tax
+62.7%
-£6,570,000 -£2,450,000
-
Wages
+11%
£5,034,000 £5,586,000
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -26.4% | -11.5% | |
| Net margin | -26.0% | -8.9% | |
| Return on capital employed | -28.5% | -7.6% | |
| Gearing (liabilities / total assets) | 51.5% | 37.5% | |
| Current ratio | 0.63x | 2.01x | |
| Interest cover | -10.45x | -4.98x |
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
- SYSGROUP PLC 2016-07-05 → present
- DAILY INTERNET PLC 2007-05-04 → 2016-07-05
- COBCO 828 PLC 2007-03-20 → 2007-05-04
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared the financial statements on a going concern basis which assumes that the Group and the Company will continue to meet liabilities as they fall due. On 31 March 2025, the Group had a gross cash balance of £8.7m and a net cash position excluding deferred consideration and lease liabilities of £4.0m.”
Group structure
- SYSGROUP PLC · parent
- SysGroup Trading Limited 100%
- Truststream Security Solutions Limited 100%
- Certus IT Limited 100%
- Hub Network Services Limited 100%
- Netplan LLC 100%
- Orchard Computers Limited 100%
- Independent Network Solutions Limited 100%
- Netplan Internet Solutions Limited 100%
- Rockford IT Limited 100%
- System Professional Limited 100%
- SysGroup (DIS) Limited 100%
- SysGroup Holding (No.1) Limited 100%
- Truststream Cybersecurity Limited 100%
Significant events
- “Strategic Repositioning: Transitioned from legacy hosting and resale into a consultative, full-spectrum solutions provider at the intersection of cybersecurity and AI.”
- “Enhanced Capabilities: Five integrated technology pillars now underpin SysGroup's offering, addressing the full technology lifecycle for SME customers. - Acquisition of the trade and assets of Crossword Consulting Limited ('CCL) added deep cybersecurity advisory services, expanding our reach into FTSE clients and enabling board-level engagement.”
- “Operational Restructuring: Integrated prior acquisitions, closed two offices, and consolidated duplicated functions. Completed a full data infrastructure overhaul and drove data led actions across the service desk, driving material improvements in service quality and efficiency.”
- “Cultural and Organisational Renewal: Further strengthened the Board with the appointment of Davin Cushman and refreshed the senior leadership team to align leadership capabilities with the Group's strategic direction.”
- “Financial Strengthening: Completed a successful £10.6m equity fundraise in June 2024, enabling strategic investments.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PHILLIPS, Owen Rhodri | Secretary | 2026-03-24 | — | — |
| CHAE, Heejae Richard | Director | 2023-06-26 | Jan 1969 | American |
| CUSHMAN, Davin | Director | 2024-06-10 | Apr 1974 | American |
| EDWARDS, Paul | Director | 2023-09-25 | Jan 1967 | British |
| FLETCHER, Michael James | Director | 2018-01-08 | Nov 1974 | British |
| PHILLIPS, Owen Rhodri | Director | 2024-03-11 | Mar 1980 | British |
| REILLY, Mark Alexander | Director | 2023-12-12 | May 1979 | British |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASPINALL, Ian | Secretary | 2009-03-23 | 2012-06-30 |
| AUDCENT, Martin Richard | Secretary | 2018-09-21 | 2023-09-22 |
| BAKER, Wendy | Secretary | 2023-09-22 | 2026-03-24 |
| DAVIS, Georgina Denise | Secretary | 2007-05-01 | 2007-08-07 |
| HOGAN, Michael Peter | Secretary | 2016-08-15 | 2016-12-01 |
| JOYCE, Julie Ann | Secretary | 2007-08-07 | 2009-03-23 |
| LLEWELLYN, Julian David | Secretary | 2017-04-19 | 2018-06-27 |
| MAUDSLEY, Clive Stewart | Secretary | 2012-06-30 | 2016-07-05 |
| MCBAIN, Stuart | Secretary | 2016-12-14 | 2017-04-19 |
| PINNELL, Kirsti | Secretary | 2018-06-27 | 2018-09-21 |
| PINNELL, Kirsti Jane | Secretary | 2016-12-01 | 2017-01-19 |
| PINNELL, Kirsti | Secretary | 2016-07-05 | 2016-08-15 |
| COBBETTS (SECRETARIAL) LIMITED | Corporate Secretary | 2007-03-20 | 2007-05-01 |
| ADULAYAVICHIT, Abbyu Hardoon | Director | 2007-05-01 | 2016-02-22 |
| AUDCENT, Martin | Director | 2018-07-16 | 2024-03-11 |
| BINKS, Adam | Director | 2017-10-31 | 2023-06-26 |
| EDELSON, John Michael | Director | 2009-03-23 | 2023-09-22 |
| EVANS, Chistopher Neil | Director | 2014-01-14 | 2017-11-30 |
| HOGAN, Michael Peter | Director | 2016-08-15 | 2016-12-01 |
| JOYCE, Julie Ann | Director | 2007-08-07 | 2016-08-15 |
| KHALASTCHY, Robert | Director | 2007-05-01 | 2018-09-21 |
| LLEWELLYN, Julian David | Director | 2017-04-06 | 2018-06-27 |
| QUARTERMAINE, Mark Richard | Director | 2017-11-07 | 2023-12-12 |
| WILLIS RICHARDS, Jonathan, Doctor | Director | 2007-05-01 | 2007-11-20 |
| YATEMAN-SMITH, Amy Louise | Director | 2016-09-21 | 2017-10-23 |
| COBBETTS (DIRECTOR) LIMITED | Corporate Director | 2007-03-20 | 2007-05-01 |
| COBBETTS (NOMINEES) LIMITED | Corporate Director | 2007-03-20 | 2007-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gresham House Asset Management Ltd | Corporate entity | Shares 25–50%, Voting 25–50% | 2024-01-09 | Active |
| Mr Heejae Richard Chae | Individual | Significant influence | 2023-06-26 | Ceased 2024-03-11 |
| Mr Martin Audcent | Individual | Significant influence | 2018-07-16 | Ceased 2024-03-11 |
| Mr Adam Binks | Individual | Significant influence | 2017-10-31 | Ceased 2023-06-26 |
Filing timeline
Last 20 of 201 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-23 RESOLUTIONS Resolution
- 2024-09-28 RESOLUTIONS Resolution
- 2024-07-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-09 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-03-24 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-23 | AA | accounts | Accounts with accounts type group | |
| 2025-09-22 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-04-28 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-04-01 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-03-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-14 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-09-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-28 | AA | accounts | Accounts with accounts type group | |
| 2024-07-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-17 | SH01 | capital | Capital allotment shares | |
| 2024-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-29 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-03-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 4
- Officers appointed
- 1
- 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.