COMPOUND SEMICONDUCTOR APPLICATIONS CATAPULT LIMITED
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Cash
£3.9m
Latest balance sheet
Net assets
£1.4m
Equity attributable
Employees
100
Average over period
Profit before tax
£127k
Period ending 2024-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
1-year trend · vs Industrials median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | Δ vs prior |
|---|---|---|---|
| Total income | £15,027,880 | — | |
| Operating profit | £115,800 | — | |
| Profit before tax | £126,888 | — | |
| Net profit | £865,487 | — | |
| Cash | £3,883,617 | — | |
| Total assets less current liabilities | £19,015,460 | — | |
| Net assets | £1,394,634 | — | |
| Equity | £1,394,634 | — | |
| Average employees | 100 | — | |
| Wages | £6,288,955 | — | |
| Directors' remuneration | £494,989 | — | |
| Directors' pension contributions | £43,318 | — | |
| Highest paid director | £212,472 | — |
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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 |
|---|---|---|
| Operating margin | 0.8% | |
| Net margin | 5.8% | |
| Return on capital employed | 0.6% | |
| Gearing (liabilities / total assets) | 95.0% | |
| Current ratio | 2.01x |
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
- Consolidated group
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the assessment undertaken by the directors, and the sensitivities and scenarios considered, the Group is able to continue for a period of at least twelve months from the date of approval of these financial statements, and consequently the financial statements have been prepared on a going concern basis. ...we have not identified any material uncertainties”
Group structure
- COMPOUND SEMICONDUCTOR APPLICATIONS CATAPULT LIMITED · parent
- CSA Catapult Services Limited 100%
- Novomorphic Limited 75%
Significant events
- “In April 2025, SMD Semiconductor opened a new R&D Innovation Hub at the Catapult's Innovation Centre in Newport and entered into a formal agreement with the Catapult to collaborate on next-generation semiconductor chips for Al and edge devices.”
- “In May 2025, the Catapult published a report stating that compound semiconductors will be critical to helping the UK deliver its Al action plan, highlighting the importance of more energy-efficient and higher-performance power electronics, photonics and RF technologies for Al infrastructure and data centres.”
- “In June 2025, the UK Government announced that the Catapult would mobilise the new UK Semiconductor Centre, backed by at least £19 million in government funding, to act as a national hub for industry, researchers and government and to support scale-up, skills, investment access and international collaboration.”
- “In September 2025, Caroline O'Brien was appointed Chief Executive Officer of the Company. Caroline O'Brien is a semiconductor industry specialist and previously served as Chief Executive Officer of Kubos Semiconductors.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAINES, Rupert John Moseley | Director | 2025-08-01 | Jul 1964 | British |
| FLINT, David Jonathan | Director | 2024-04-25 | Feb 1961 | British |
| LILLIE, Tammy Helen | Director | 2022-12-01 | Jan 1974 | British |
| MORAN, Layla | Director | 2022-12-01 | Sep 1982 | British |
| NINNEMANN, Rebecca Ketura | Director | 2021-05-06 | Jan 1983 | British |
| O'BRIEN, Caroline Anne | Director | 2025-09-29 | Dec 1970 | British |
| RIENECKER, Lorraine Ann | Director | 2022-12-01 | Jun 1963 | British |
| WHITE, Ian Hugh, Professor | Director | 2026-03-01 | Oct 1959 | British |
| WILKINSON, Deborah Janet | Director | 2022-07-25 | Dec 1974 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DE FIGUEIREDO, Nicholas Don | Secretary | 2021-12-02 | 2025-10-02 |
| BRYAN, Robert Kenneth | Director | 2016-06-28 | 2024-09-27 |
| CROFTON, Kevin Timothy | Director | 2017-01-01 | 2022-12-31 |
| CROSS, Trevor Arthur, Dr | Director | 2017-03-03 | 2023-03-02 |
| DORAN, Stephen Paul | Director | 2018-01-29 | 2020-05-08 |
| DUFFY, Stephen | Director | 2017-03-03 | 2025-06-30 |
| GAWERA, Rajinder Singh | Director | 2021-11-01 | 2025-10-01 |
| LYLE, Jonathan Henry | Director | 2017-04-01 | 2023-03-31 |
| MCHUGH, Martin Edward | Director | 2020-12-03 | 2025-03-28 |
| MEREDITH, Wyn, Dr | Director | 2017-03-03 | 2026-03-31 |
| NOON, Angela | Director | 2019-01-01 | 2022-07-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Angela Margaret Noon | Individual | Voting 25–50% | 2021-06-10 | Ceased 2021-11-01 |
| Mr Martin Edward Mchugh | Individual | Voting 25–50% | 2021-06-10 | Ceased 2021-11-01 |
| Mr Robert Kenneth Bryan | Individual | Significant influence | 2020-07-01 | Ceased 2021-06-01 |
| Mr Stephen Paul Doran | Individual | Voting 25–50% | 2018-07-27 | Ceased 2020-05-08 |
| Mr Robert Kenneth Bryan | Individual | Voting 25–50% | 2017-06-28 | Ceased 2018-07-27 |
| Mr Kevin Timothy Crofton | Individual | Voting 25–50% | 2017-06-22 | Ceased 2021-11-01 |
Filing timeline
Last 20 of 78 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-26 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-19 | AA | accounts | Accounts with accounts type group | |
| 2026-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-21 | CH01 | officers | Change person director company with change date | |
| 2026-04-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-24 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-10-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-06 | AA | accounts | Accounts with accounts type group | |
| 2025-06-17 | CH01 | officers | Change person director company with change date | |
| 2025-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-26 | MA | incorporation | Memorandum articles | |
| 2024-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-06 | AA | accounts | Accounts with accounts type group | |
| 2024-05-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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.