SYSTEM LOCO LTD
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Cash
£267k
+383.5% vs 2024
Net assets
£290k
-58.4% lowest in 6 filed years
Employees
31
+19.2% highest in 6 filed years
Profit before tax
-£519k
-601.6% lowest in 3 filed years
Net assets
6-year trend · vs Telecommunications median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £12,695,702 | £14,900,945 | £12,266,165 | -17.7% | |
| Operating profit | — | — | — | -£480,989 | £71,679 | -£493,956 | -789.1% | |
| Profit before tax | — | — | — | -£483,375 | £103,394 | -£518,629 | -601.6% | |
| Net profit | — | — | — | -£233,805 | -£133,517 | -£407,669 | -205.3% | |
| Cash | £462,125 | £385,671 | £940,952 | £419,999 | £55,154 | £266,661 | +383.5% | |
| Total assets less current liabilities | £388,504 | £918,736 | £616,468 | £861,141 | £1,045,278 | £514,974 | -50.7% | |
| Net assets | £296,837 | £488,082 | £564,791 | £830,986 | £697,469 | £289,800 | -58.4% | |
| Equity | £296,837 | £488,082 | £564,791 | £830,986 | £697,469 | £289,800 | -58.4% | |
| Average employees | 8 | 10 | 14 | 20 | 26 | 31 | +19.2% | |
| Wages | — | — | — | £783,718 | £969,092 | £1,335,721 | +37.8% | |
| Directors' remuneration | — | — | — | £320,000 | £347,191 | £403,806 | +16.3% |
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 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -3.8% | 0.5% | -4.0% | |
| Net margin | — | — | — | -1.8% | -0.9% | -3.3% | |
| Return on capital employed | — | — | — | -55.9% | 6.9% | -95.9% | |
| Gearing (liabilities / total assets) | — | — | — | 86.1% | 90.8% | — | |
| Current ratio | — | — | — | 0.90x | 0.80x | 0.59x | |
| Interest cover | — | — | — | — | 5.88x | -19.69x |
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
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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
- SYSTEM LOCO LTD · parent
- System Loco LLC 100%
Significant events
- “The conflict involving the USA, Israel and Iran has created uncertainty in global markets and has the potential to increase fuel costs and disrupt logistics networks, which could impact supply chains, product availability and margins.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ESSAFI, Daniel Youssef | Director | 2017-12-01 | May 1977 | British |
| HONARY, Souroush, Dr | Director | 2016-09-14 | Nov 1975 | British |
| MARTIN, Ian | Director | 2017-12-01 | Jan 1971 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HONARY, Bahram | Director | 2017-01-30 | 2018-10-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tagapp Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-08-31 | Active |
| Dr Souroush Honary | Individual | Significant influence | 2016-09-14 | Ceased 2022-08-31 |
Filing timeline
Last 20 of 31 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-09-20 RESOLUTIONS Resolution
- 2022-09-20 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-30 | AA | accounts | Accounts with accounts type full | |
| 2026-05-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-08-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-27 | AA | accounts | Accounts with accounts type small | |
| 2023-09-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-30 | AA | accounts | Accounts with accounts type small | |
| 2022-11-25 | SH01 | capital | Capital allotment shares | |
| 2022-09-20 | RESOLUTIONS | resolution | Resolution | |
| 2022-09-20 | MA | incorporation | Memorandum articles | |
| 2022-09-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-09-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-27 | AA | accounts | Accounts with accounts type small | |
| 2021-08-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-30 | AA | accounts | Accounts with accounts type small | |
| 2020-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-06-15 | AA | accounts | Accounts with accounts type unaudited abridged |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.