BYNORTH LIMITED
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Cash
£4.3M
+19.8% vs 2024
Net assets
-£15M
+19.4% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£2.5M
+4.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £22,920,000 | £21,281,000 | £22,197,000 | +4.3% | |
| Operating profit | £2,735,000 | £2,076,000 | £2,194,000 | +5.7% | |
| Profit before tax | £3,063,000 | £2,393,000 | £2,500,000 | +4.5% | |
| Net profit | £2,425,000 | £1,679,000 | £1,850,000 | +10.2% | |
| Cash | £5,773,000 | £3,553,000 | £4,258,000 | +19.8% | |
| Total assets less current liabilities | £113,844,000 | £105,032,000 | £100,924,000 | -3.9% | |
| Net assets | -£23,455,000 | -£18,792,000 | -£15,149,000 | +19.4% | |
| Equity | -£23,455,000 | -£18,792,000 | -£15,149,000 | +19.4% | |
| Average employees | 0 | 0 | 0 | — | |
| 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 11.9% | 9.8% | 9.9% | |
| Net margin | 10.6% | 7.9% | 8.3% | |
| Return on capital employed | 2.4% | 2.0% | 2.2% | |
| Gearing (liabilities / total assets) | 118.9% | 116.2% | 113.6% | |
| Current ratio | 11.80x | 10.76x | 10.29x | |
| Interest cover | 0.43x | 0.33x | 0.37x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due 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.”
Significant events
- “The Trust was purchased by Royal Free London Trust, which took effect from 1 January 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VERCITY MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2017-06-06 | — | — |
| HEATH, James Christopher | Director | 2024-03-27 | Dec 1975 | British |
| MORGAN, Katherine Victoria | Director | 2022-11-17 | Apr 1974 | British |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JENKINSON, Louisa Jane | Secretary | 2007-07-12 | 2008-07-18 |
| JOUY, Philippe | Secretary | 2007-05-03 | 2007-07-12 |
| MILLER, Philip | Secretary | 2008-07-18 | 2009-04-30 |
| OWEN, Stephen | Secretary | 2009-04-30 | 2011-03-01 |
| JORDAN COMPANY SECRETARIES LIMITED | Corporate Secretary | 2011-03-01 | 2017-06-06 |
| PAILEX SECRETARIES LIMITED | Corporate Secretary | 2007-05-03 | 2007-05-03 |
| BODIN, Bruno Albert | Director | 2007-05-03 | 2012-02-02 |
| CAMPBELL, Alasdair | Director | 2022-04-12 | 2023-03-31 |
| CARR, David John | Director | 2008-02-28 | 2012-12-18 |
| CARTER, Jonathan Laurence David | Director | 2023-09-21 | 2026-03-04 |
| CHRISTOLOMME, Lionel Marie Michel | Director | 2008-02-08 | 2009-04-30 |
| DESPLANQUES, Luc | Director | 2009-04-30 | 2012-12-18 |
| FARQUE, Gerald | Director | 2011-05-19 | 2012-12-18 |
| FAULKNER, Anthony Robert | Director | 2017-02-03 | 2025-01-02 |
| GLEDHILL, Sarah Louise | Director | 2023-03-30 | 2023-09-30 |
| GROLIN, Alexis | Director | 2011-11-29 | 2012-12-18 |
| HEATH, James Christopher | Director | 2021-12-07 | 2023-05-17 |
| HOLDEN, Mark Geoffrey David | Director | 2012-07-04 | 2017-02-03 |
| LE SAUX, Yann Paul | Director | 2008-02-08 | 2011-11-29 |
| MCDONALD, Stephen Howard | Director | 2012-02-02 | 2012-12-18 |
| MINAULT, Pascal | Director | 2007-05-03 | 2008-02-08 |
| PEJOAN, Sebastian | Director | 2007-05-03 | 2008-02-08 |
| QUAIFE, Geoffrey Alan | Director | 2007-05-03 | 2012-07-04 |
| SEEKINGS, Harry Edward Charles | Director | 2007-05-03 | 2008-07-14 |
| WAYMENT, Mark Christopher | Director | 2008-07-14 | 2022-04-12 |
| WEGENER, Elena Giorgiana | Director | 2015-02-05 | 2021-12-07 |
| PAILEX NOMINEES LIMITED | Corporate Director | 2007-05-03 | 2007-05-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bynorth (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 116 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-18 | AA | accounts | Accounts with accounts type full | |
| 2026-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-06 | AA | accounts | Accounts with accounts type full | |
| 2025-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-30 | AA | accounts | Accounts with accounts type full | |
| 2024-05-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2023-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-29 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-20 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-05 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2022-11-30 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-28 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.