SYSTEM LOCO LTD
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-09-06 (in 4mo)
Last made up 2025-08-23
Watchouts
None on the register
Cash
£55K
-86.9% vs 2023
Net assets
£697K
-16.1% vs 2023
Employees
26
+13% highest in 6 filed years
Profit before tax
£103K
+121.4% vs 2023
Net assets
6-year trend · vs Telecommunications median
Accounts
6-year trend · latest reflected 2024-09-30
| Metric | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £12,695,702 | £14,900,945 | |
| Operating profit | — | — | — | — | -£480,989 | £71,679 | |
| Profit before tax | — | — | — | — | -£483,375 | £103,394 | |
| Net profit | — | — | — | — | -£233,805 | -£133,517 | |
| Cash | £36,746 | £462,125 | £385,671 | £940,952 | £419,999 | £55,154 | |
| Total assets less current liabilities | £168,814 | £388,504 | £918,736 | £616,468 | £861,141 | £1,045,278 | |
| Net assets | £168,814 | £296,837 | £488,082 | £564,791 | £830,986 | £697,469 | |
| Equity | £168,814 | £296,837 | £488,082 | £564,791 | £830,986 | £697,469 | |
| Average employees | 8 | 8 | 10 | 14 | 23 | 26 | |
| Wages | — | — | — | — | £783,718 | £969,092 | |
| Directors' remuneration | — | — | — | — | £320,000 | £347,191 |
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 2024-09-30 vs 2023-09-30
-
Turnover
+17.4%
£12,695,702 £14,900,945
-
Cash
-86.9%
£419,999 £55,154
-
Net assets
-16.1%
£830,986 £697,469
-
Employees
+13%
23 26
highest in 6 filed years
-
Operating profit
+114.9%
-£480,989 £71,679
-
Profit before tax
+121.4%
-£483,375 £103,394
-
Wages
+23.7%
£783,718 £969,092
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 | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -3.8% | 0.5% | |
| Net margin | — | — | — | — | -1.8% | -0.9% | |
| Return on capital employed | — | — | — | — | -55.9% | 6.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | 86.1% | 90.8% | |
| Current ratio | — | — | — | — | 0.90x | 0.80x | |
| Interest cover | — | — | — | — | -200.41x | 5.88x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the company will have sufficient funds, using group treasury functions if needed from its parent company to meet its liabilities as they fall due for that period.”
Group structure
- SYSTEM LOCO LTD · parent
- System Loco LLC 100%
Significant events
- “The new tariff regime and subsequent changes to this introduced by Donald Trump have had a seismic impact on global trade and created uncertainty in the markets. This will directly impact our imports into the USA and the wider impact on global trade may damage our customers' business performance, especially in the supply chain sector, which could reduce demand.”
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 29 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 | |
|---|---|---|---|---|
| 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 | |
| 2019-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-12-13 | AA | accounts | Accounts with accounts type unaudited abridged |
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.