SYSTEM 3 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-09 (in 6mo)
Last made up 2025-10-26
Watchouts
None on the register
Cash
£725K
-50.7% lowest in 4 filed years
Net assets
£13M
+9.2% highest in 4 filed years
Employees
254
-9.6% vs 2023
Profit before tax
£1M
-56.5% lowest in 4 filed years
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £23,660,143 | — | £27,778,171 | £23,242,825 | |
| Operating profit | — | — | — | £3,778,275 | — | £3,091,839 | £1,384,142 | |
| Profit before tax | — | — | — | £3,751,952 | £4,567,076 | £2,814,905 | £1,225,230 | |
| Net profit | — | — | — | £2,917,106 | £3,391,178 | £2,579,962 | £1,088,567 | |
| Cash | — | — | — | £3,780,083 | £3,562,512 | £1,470,834 | £724,590 | |
| Total assets less current liabilities | — | — | — | £8,486,342 | £10,345,083 | £13,573,089 | £14,570,159 | |
| Net assets | — | — | — | £7,900,133 | £9,291,311 | £11,871,273 | £12,959,840 | |
| Equity | £15,509,342 | £16,810,324 | — | £7,900,133 | £9,291,311 | £11,871,273 | £12,959,840 | |
| Average employees | — | — | — | 237 | 268 | 281 | 254 | |
| Wages | — | — | — | £6,218,027 | £7,137,845 | £7,828,137 | £7,526,177 | |
| Directors' remuneration | — | — | — | £0 | £20,000 | £29,750 | £31,268 |
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
-16.3%
£27,778,171 £23,242,825
lowest in 3 filed years
-
Cash
-50.7%
£1,470,834 £724,590
lowest in 4 filed years
-
Net assets
+9.2%
£11,871,273 £12,959,840
highest in 4 filed years
-
Employees
-9.6%
281 254
-
Operating profit
-55.2%
£3,091,839 £1,384,142
lowest in 3 filed years
-
Profit before tax
-56.5%
£2,814,905 £1,225,230
lowest in 4 filed years
-
Wages
-3.9%
£7,828,137 £7,526,177
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 16.0% | — | 11.1% | 6.0% | |
| Net margin | — | — | — | 12.3% | — | 9.3% | 4.7% | |
| Return on capital employed | — | — | — | 44.5% | — | 22.8% | 9.5% | |
| Current ratio | — | — | — | — | — | 1.75x | 3.07x | |
| Interest cover | — | — | — | 133.08x | — | 10.93x | 8.26x |
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
- SYSTEM 3 LIMITED 2016-04-24 → present
- SYSTEM 3 GLASS LIMITED 2015-10-27 → 2016-04-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWN, Michael | Secretary | 2015-10-27 | — | — |
| BROWN, Allan | Director | 2015-10-27 | Dec 1957 | British |
| BROWN, Michael | Director | 2015-10-27 | Nov 1963 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Abmb Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-01-14 | Active |
| Mr Michael Brown | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-01-14 |
| Mr Allan Brown | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-01-14 |
Filing timeline
Last 20 of 37 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2024-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-24 | AA | accounts | Accounts with accounts type full | |
| 2023-10-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-27 | AD03 | address | Move registers to sail company with new address | |
| 2023-10-27 | AD02 | address | Change sail address company with new address | |
| 2023-09-26 | AA | accounts | Accounts with accounts type full | |
| 2022-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-28 | AA | accounts | Accounts with accounts type full | |
| 2021-11-22 | AA | accounts | Accounts with accounts type full | |
| 2021-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-11-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2020-11-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-11-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-08-18 | AA | accounts | Accounts with accounts type full | |
| 2019-10-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-07-17 | AA | accounts | Accounts with accounts type full | |
| 2018-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates |
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.