TELA TECHNOLOGY LIMITED
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Next accounts due
2027-02-28 (in 9mo)
Last filed for 2025-05-31
Confirmation statement due
2027-01-23 (in 8mo)
Last made up 2026-01-09
Watchouts
None on the register
Cash
£1M
-60.8% vs 2024
Net assets
£1M
+75.3% highest in 3 filed years
Employees
139
+20.9% highest in 3 filed years
Profit before tax
£1M
+4% highest in 3 filed years
Net assets
4-year trend · vs Telecommunications median
Accounts
4-year trend · latest reflected 2025-05-31
| Metric | Trend | 2022-06-01 | 2023-05-31 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|---|
| Turnover | — | £21,093,828 | £21,695,668 | £23,458,630 | |
| Operating profit | — | £2,057,979 | £2,181,805 | £1,017,696 | |
| Profit before tax | — | £834,988 | £971,803 | £1,010,545 | |
| Net profit | — | £750,840 | £648,761 | £565,031 | |
| Cash | £1,359,354 | £2,319,907 | £3,819,381 | £1,498,796 | |
| Total assets less current liabilities | — | £8,990,943 | £8,741,134 | £9,157,147 | |
| Net assets | — | £101,595 | £750,356 | £1,315,387 | |
| Equity | — | £101,595 | £750,356 | £1,315,387 | |
| Average employees | — | 121 | 115 | 139 | |
| Wages | — | £4,879,823 | £4,832,612 | £5,847,874 | |
| Directors' remuneration | — | £17,810 | £18,355 | £18,355 |
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 2025-05-31 vs 2024-05-31
-
Turnover
+8.1%
£21,695,668 £23,458,630
highest in 3 filed years
-
Cash
-60.8%
£3,819,381 £1,498,796
-
Net assets
+75.3%
£750,356 £1,315,387
highest in 3 filed years
-
Employees
+20.9%
115 139
highest in 3 filed years
-
Operating profit
-53.4%
£2,181,805 £1,017,696
lowest in 3 filed years
-
Profit before tax
+4%
£971,803 £1,010,545
highest in 3 filed years
-
Wages
+21%
£4,832,612 £5,847,874
highest 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 | 2022-06-01 | 2023-05-31 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|---|
| Operating margin | — | 9.8% | 10.1% | 4.3% | |
| Net margin | — | 3.6% | 3.0% | 2.4% | |
| Return on capital employed | — | 22.9% | 25.0% | 11.1% | |
| Current ratio | — | — | 1.49x | 1.35x | |
| Interest cover | — | 57.10x | 1185.76x | 142.32x |
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
- TELA TECHNOLOGY LIMITED 2019-06-07 → present
- PMGC TECHNOLOGY GROUP LIMITED 2012-05-16 → 2019-06-07
- PMGC TECHNOLOGY LIMITED 2012-03-02 → 2012-05-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- TELA TECHNOLOGY LIMITED · parent
- Priority One IT Limited 100%
Significant events
- “In January 2025, Tela successfully secured a £6m RCF / Accordion facility with Santander Corporate and Commercial to assist with growing the business organically and to provide firepower to target and acquire capability-based technology businesses.”
- “The Company acquired MJS IT Services Limited on 31 October 2025, a private company registered in the United Kingdom.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHEEMA, Shehzada Sikandar | Secretary | 2012-04-05 | — | British |
| CHEEMA, Shehzada Sikandar | Director | 2012-04-05 | Jan 1970 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JOLLEY, Matthew Haydn | Director | 2016-03-10 | 2016-10-20 |
| YEOMANS, Jason Michael | Director | 2012-03-02 | 2014-12-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Shez Sikandar Cheema | Individual | Shares 75–100%, Voting 75–100%, Appoints directors, right-to-appoint-and-remove-directors-as-trust, right-to-appoint-and-remove-directors-as-firm | 2016-06-01 | Active |
Filing timeline
Last 20 of 61 total filings
Material constitutional events — rename, articles re-file, resolution
- 2019-06-07 RESOLUTIONS Resolution PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-20 | AA | accounts | Accounts with accounts type full | |
| 2026-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-07 | AAMD | accounts | Accounts amended with accounts type full | |
| 2025-02-28 | AA | accounts | Accounts with accounts type full | |
| 2025-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-01-11 | AA | accounts | Accounts with accounts type full | |
| 2024-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-06 | AA | accounts | Accounts with accounts type full | |
| 2022-06-01 | AA | accounts | Accounts with accounts type full | |
| 2022-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-17 | AA | accounts | Accounts with accounts type full | |
| 2021-03-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-02-03 | AA | accounts | Accounts with accounts type full | |
| 2019-06-07 | RESOLUTIONS | resolution | Resolution | |
| 2019-03-05 | AA | accounts | Accounts with accounts type full | |
| 2019-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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.