SMIDSY LTD.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -5.2%

  £12,979,663 → £12,301,835

• Cash

  -80.7%

  £1,291,206 → £249,438

  lowest in 4 filed years

• Net assets

  -334.5%

  £237,953 → -£557,927

  lowest in 4 filed years

• Employees

  -4%

  149 → 143

• Operating profit

  -13.1%

  -£5,801,986 → -£6,559,429

• Profit before tax

  -8.2%

  -£7,511,728 → -£8,123,998

• Wages

  +7.7%

  £3,802,914 → £4,094,337

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company has received a commitment from ACG Limited, a major shareholder, that they will provide sufficient financial support should the company need it to continue its activities and discharge its liabilities as they fall due for at least twelve months after the signing of the financial statements for the year ended 31 March 2025. ACG Limited have also confirmed that should there be any further funding requirements over and above those that have already been provided to the company that ACG Limited will fully support the company financially to ensure that the company continues to be a going concern.”

Group structure

1. SMIDSY LTD. · parent
   1. Smidsy USA, Inc. 100% · New York, United States · Bicycle safety equipment, development and production

Significant events

• “We have completed the acquisition of the business by Ocean Infinity, a globally leading technology company from the marine industry.”
• “On 24 February 2026, the principal amounts outstanding (including any interest accrued or capitalised but unpaid) under existing convertible loan notes and term loans held with Newstead Capital Sustainable Opportunities Fund, were consolidated into a new convertible loan note, repayable in 2031.”
• “On 12 June 2025, the company by special resolution, redesignated all "Ordinary A shares" and "Ordinary B shares" to "Ordinary shares" of £0.0001 each.”

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

Filings

9

last 12 months

Capital events

8

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.