TAN DELTA SYSTEMS PLC

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

• Turnover

  -16.6%

  £1,457,344 → £1,215,328

• Cash

  -32.3%

  £4,555,003 → £3,083,552

• Net assets

  -23%

  £4,922,789 → £3,791,974

• Employees

  +36.4%

  11 → 15

  highest in 5 filed years

• Operating profit

  -23.9%

  -£1,079,201 → -£1,337,051

• Profit before tax

  -11.8%

  -£1,049,500 → -£1,173,402

• Wages

  +64.2%

  £754,028 → £1,238,078

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

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.

1. TAN DELTA SYSTEMS PLC 2023-07-28 → present
2. TAN DELTA SYSTEMS LTD 2011-05-24 → 2023-07-28
3. OIL MANAGEMENT SERVICES LTD 2007-09-05 → 2011-05-24

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In evaluating the feasibility of preparing the financial statements of the Company on a going concern basis, the directors thoroughly examined the Company's business operations alongside factors anticipated to impact its future growth, performance, and standing. This assessment encompassed scrutinising the Company's financial standing and cash flows. Several pessimistic scenarios were simulated and analysed to establish a spectrum of potential outcomes, with the adjusted assumptions rigorously scrutinised. The modelled cash flow forecast, based on these scenarios, illustrated that the Company would be capable of meeting its financial obligations for the period to 31 December 2026. Consequently, the directors are confident that preparing the financial statements on a going concern basis is appropriate.”

Significant events

• “expanded our production and supply chain capacity to support a fivefold increase in output, appointed a dedicated production manager, and made key hires across engineering, quality, and operations.”
• “A dedicated salesperson in the Middle East was recruited in the first half of the year.”
• “signed two new distribution agreements in the Middle East and grew our regional pipeline from zero to over £14 million.”
• “deepened traction with OEMs, now working in active collaboration with four of the world's seven major engine manufacturers.”
• “We are progressing well with the development of a new sensor for water-based fluids such as coolant, driven by demand from a major engine OEM who has co-funded the project.”
• “A prior year adjustment was made to the financial statements to correct an over expense to the share option reserve in the previous year. Share option costs had been recognised incorrectly for the full year instead of recognising share option charges for five months since they were issued in August 2023.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.