DISGUISE TECHNOLOGIES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-20 (in 9mo)
Last made up 2026-02-06
Watchouts
Cash
£339K
+1,193.2% highest in 3 filed years
Net assets
£12M
+131.1% highest in 3 filed years
Employees
146
+9% vs 2023
Profit before tax
-£1M
-7.5% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As at 31 December 2024, the Group had net liabilities of £123.9m (2023 - net assets of £86.3m) and net current assets of £13.7m (2023: £14.7m). As at the year-end date the Group had generated EBITDA (as defined in Note 7) of £5.2m (2023-£7.6m) and generated cash flows from operating activities of £4.3m (2023 - £9.8m). Closing cash balances were £9.1m (2023 - £10.7m).
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | £16,111,398 | £15,952,651 | |
| Operating profit | — | -£972,110 | -£1,074,010 | |
| Profit before tax | -£747,030 | -£1,025,715 | -£1,102,720 | |
| Net profit | -£363,492 | -£1,008,061 | -£1,176,883 | |
| Cash | £101,491 | £26,218 | £339,047 | |
| Total assets less current liabilities | £6,469,519 | £5,244,005 | £12,120,006 | |
| Net assets | — | £5,244,005 | £12,120,006 | |
| Equity | £6,469,519 | £5,244,005 | £12,120,006 | |
| Average employees | 173 | 134 | 146 | |
| Wages | £9,687,528 | £10,035,099 | £9,478,785 | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-1%
£16,111,398 £15,952,651
-
Cash
+1,193.2%
£26,218 £339,047
highest in 3 filed years
-
Net assets
+131.1%
£5,244,005 £12,120,006
-
Employees
+9%
134 146
-
Operating profit
-10.5%
-£972,110 -£1,074,010
-
Profit before tax
-7.5%
-£1,025,715 -£1,102,720
lowest in 3 filed years
-
Wages
-5.5%
£10,035,099 £9,478,785
lowest in 3 filed years
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | — | -6.0% | -6.7% | |
| Net margin | — | -6.3% | -7.4% | |
| Return on capital employed | — | -18.5% | -8.9% | |
| Gearing (liabilities / total assets) | — | 85.9% | 65.7% | |
| Current ratio | — | 0.94x | 1.24x | |
| Interest cover | — | -18.13x | -37.41x |
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
- DISGUISE TECHNOLOGIES LIMITED 2017-11-24 → present
- D3 TECHNOLOGIES LIMITED 2012-02-06 → 2017-11-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As at 31 December 2024, the Group had net liabilities of £123.9m (2023 - net assets of £86.3m) and net current assets of £13.7m (2023: £14.7m). As at the year-end date the Group had generated EBITDA (as defined in Note 7) of £5.2m (2023-£7.6m) and generated cash flows from operating activities of £4.3m (2023 - £9.8m). Closing cash balances were £9.1m (2023 - £10.7m).”
Group structure
- DISGUISE TECHNOLOGIES LIMITED · parent
- Disguise Systems Limited 100%
- Disguise Systems (APAC) Limited 100%
- Disguise Systems Inc 100%
- Disguise Systems (China) Limited 100%
- Disguise EMEA Limited 100%
- Disguise Spain Sociedad Limitada 100%
- Disguise Systems Canada Inc 100%
- Disguise New Zealand Limited 100%
- Disguise Korea Limited 100%
- Disguise Japan GK 100%
- Previz LLC 100%
- Disguise Systems Singapore Pte Limited 100%
- Polygon Labs LLC 100%
- Meptik LLC 100%
Significant events
- “On 30 September 2025, the Group breached both the Adjusted Leverage and Interest Cover Covenants. The Group entered into negotiations with Santander UK PLC (the "Senior Lender") requesting a waiver to remedy the breaches.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KUFER, Fernando Miguel | Director | 2017-11-10 | Oct 1978 | German |
| SKLAR, Ryan | Director | 2020-08-03 | Aug 1984 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIRD, Chris Bryan | Secretary | 2012-02-06 | 2017-11-10 |
| BIRD, Christopher Bryan | Director | 2012-02-06 | 2017-11-10 |
| CLARK, Matthew Eric | Director | 2012-02-06 | 2017-11-10 |
| HUNT, Paul Neville | Director | 2018-07-24 | 2020-08-03 |
| NEHRU, Ashraf | Director | 2012-02-06 | 2021-03-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Butterfly Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-08-14 | Active |
| New Leaf Bidco Limited | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm, Appoints directors | 2017-11-10 | Ceased 2024-08-14 |
| Mr Chris Bryan Bird | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-11-10 |
| Mr Ashraf Nehru | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-11-10 |
| Mr Matthew Eric Clark | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-11-10 |
Filing timeline
Last 20 of 72 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-02-10 | AD02 | address | Change sail address company with old address new address | |
| 2025-02-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-11 | AA | accounts | Accounts with accounts type full | |
| 2024-08-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-21 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-21 | SH01 | capital | Capital allotment shares | |
| 2024-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-16 | AA | accounts | Accounts with accounts type full | |
| 2023-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-08 | CH01 | officers | Change person director company with change date | |
| 2023-02-08 | CH01 | officers | Change person director company with change date | |
| 2022-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-21 | AA | accounts | Accounts with accounts type full | |
| 2022-02-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-12-24 | AA | accounts | Accounts with accounts type full | |
| 2021-06-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
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.