FGP SYSTEMS LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  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

  +1.7%

  £11,652,802 → £11,849,571

• Cash

  -73.2%

  £137,143 → £36,787

  lowest in 4 filed years

• Net assets

  -80.6%

  -£1,530,540 → -£2,763,918

  lowest in 4 filed years

• Employees

  0%

  113 → 113

• Operating profit

  +16.3%

  -£572,181 → -£479,144

• Profit before tax

  -25.4%

  -£826,839 → -£1,037,173

  lowest in 4 filed years

• Wages

  -6.5%

  £4,044,531 → £3,780,496

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

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors' review of the company's forecasts and projections show that the company has sufficient headroom to support its operations. On this basis, the Directors' have a reasonable expectation that the company has adequate resources in place to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. The directors have satisfied themselves that it is the intention of the Board of Directors of OBS Finance Limited to provide adequate financial support to FGP Systems Limited to enable the company to continue as a going concern for a period of at least 12 months from the approval of the financial statements. OBS Finance Limited acknowledge the need to provide additional funding is a possibility and have confirmed that they have the financial ability to provide this support if required.”

Group structure

1. FGP SYSTEMS LIMITED · parent
   1. FGP Lufton Limited 100% · United Kingdom · the manufacture and sale of engineering parts for the aerospace industry.

Significant events

• “Restructuring in Q4 2025 reshaped the business for the future and the business is operating independently of other group companies for operational cashflow requirements.”
• “FGP Lufton was closed in October 2025 following the sale of assets and TUPE of the employees.”
• “Following negotiations with Strategic customers in Q4 2025 and the sale of the FGP Lufton assets, the HMRC time to pay agreement was fully settled along with the original loan of £3.3m from OBS Finance Ltd in Quarter 4 2025.”
• “Post year end the £5m facility previously provided by OBS Finance Limited has been fully repaid. On 9 February 2026, FGP Systems Limited became a borrower under the OBS Facility Agreement and received a further advance of £1.3m.”
• “Subsequent to the year end, the VAT group was disbanded and FGP Systems Limited is no longer a member of a VAT group. The group VAT liability has since been fully settled by the representative member.”
• “On 24 June 2025, FGP Systems Limited entered into a receivables finance facility with Cynergy Business Finance Limited, alongside other group companies.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

last 12 months

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