OBEX PROTECTION LTD
Obex Protection Ltd is a Worcester-based manufacturer of plastic plates, sheets, tubes, and profiles.
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Cash
£3.3m
-49.3% vs 2024
Net assets
£15m
-22% vs 2024
Employees
78
+14.7% highest in 6 filed years
Profit before tax
£10m
-12.5% vs 2024
Net assets
6-year trend · vs Basic Materials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £16,026,835 | £20,619,375 | £27,766,730 | £35,448,000 | £40,473,000 | £39,128,000 | -3.3% | |
| Operating profit | £4,854,092 | £7,692,290 | £9,308,521 | £11,701,583 | £11,241,000 | £9,844,000 | -12.4% | |
| Profit before tax | £4,846,109 | £7,683,463 | £9,303,892 | £11,714,000 | £11,451,000 | £10,015,000 | -12.5% | |
| Net profit | £4,097,646 | £6,247,275 | £7,542,976 | £9,024,000 | £8,586,000 | £7,805,000 | -9.1% | |
| Cash | £2,188,302 | £1,753,257 | £2,308,438 | £4,884,000 | £6,574,000 | £3,333,000 | -49.3% | |
| Total assets less current liabilities | £6,352,241 | £11,943,022 | £12,030,090 | £20,939,000 | £19,522,000 | £15,375,000 | -21.2% | |
| Net assets | £6,016,945 | £11,578,620 | £11,705,968 | £20,492,000 | £19,040,000 | £14,846,000 | -22% | |
| Equity | £6,016,945 | £11,578,620 | £11,706,000 | £20,492,000 | £19,040,000 | £14,846,000 | -22% | |
| Average employees | 33 | 36 | 43 | 58 | 68 | 78 | +14.7% | |
| Wages | £1,322,645 | £1,783,863 | £2,105,425 | £3,696,000 | £6,523,000 | £5,848,000 | -10.3% | |
| Directors' remuneration | £44,860 | £35,280 | £36,120 | £181,000 | £1,684,000 | £282,000 | -83.3% | |
| Directors' pension contributions | — | — | — | — | £2,000 | — | — | |
| Highest paid director | — | — | — | £59,000 | £568,000 | £97,000 | -82.9% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 30.3% | 37.3% | 33.5% | 33.0% | 27.8% | 25.2% | |
| Net margin | 25.6% | 30.3% | 27.2% | 25.5% | 21.2% | 19.9% | |
| Return on capital employed | 76.4% | 64.4% | 77.4% | 55.9% | 57.6% | 64.0% | |
| Gearing (liabilities / total assets) | 26.8% | 17.7% | 18.1% | 14.1% | 18.4% | 16.7% | |
| Current ratio | — | — | — | 7.23x | 5.40x | 6.02x |
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
- Hazlewoods LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FRANCIS, Gaius | Director | 2014-08-01 | Sep 1987 | British |
| FRANCIS, Robert Matthew | Director | 2014-08-01 | Jan 1966 | British |
| FRANCIS, Russell | Director | 2019-02-16 | Apr 1991 | British |
| FRANCIS, Tom | Director | 2014-08-01 | Jul 1989 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Obex Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-09-07 | Active |
| Hayley Francis | Individual | Significant influence | 2019-02-16 | Ceased 2019-12-16 |
| Tom Francis | Individual | Significant influence | 2019-02-16 | Ceased 2019-12-16 |
| Cindy Francis | Individual | Significant influence | 2019-02-16 | Ceased 2019-12-16 |
| Mr Gaius Francis | Individual | Significant influence | 2019-02-16 | Ceased 2019-12-16 |
| Russel Francis | Individual | Significant influence | 2019-02-16 | Ceased 2019-12-16 |
| Dawn Francis | Individual | Significant influence | 2019-02-16 | Ceased 2019-12-16 |
| Mr Robert Matthew Francis | Individual | Significant influence | 2016-06-30 | Ceased 2019-12-16 |
| Mrs Rosalind Mary Francis | Individual | Significant influence | 2016-06-30 | Ceased 2019-12-16 |
Filing timeline
Last 20 of 63 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-09-21 MA Memorandum articles
- 2021-09-21 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-08 | AA | accounts | Accounts with accounts type full | |
| 2026-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-29 | AA | accounts | Accounts with accounts type full | |
| 2025-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type full | |
| 2024-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-22 | AA | accounts | Accounts with accounts type full | |
| 2023-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-17 | AA | accounts | Accounts with accounts type full | |
| 2022-06-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-21 | SH08 | capital | Capital name of class of shares | |
| 2021-09-21 | MA | incorporation | Memorandum articles | |
| 2021-09-21 | RESOLUTIONS | resolution | Resolution | |
| 2021-09-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-09-20 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2021-09-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-07-30 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2021-07-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-07-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.