HINDLEY CIRCUITS LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-10-31
Confirmation statement due
2026-11-23 (in 6mo)
Last made up 2025-11-09
Watchouts
Cash
£413K
+38.5% highest in 3 filed years
Net assets
£2M
-2% vs 2023
Employees
48
-15.8% vs 2023
Profit before tax
£97K
-91.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
7-year trend · vs Technology median
Accounts
7-year trend · latest reflected 2024-10-31
| Metric | Trend | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £10,642,349 | £7,683,880 | |
| Operating profit | — | — | — | — | — | £1,263,968 | £197,790 | |
| Profit before tax | — | — | — | — | — | £1,127,678 | £97,173 | |
| Net profit | — | — | £13,802 | — | — | £865,308 | £65,743 | |
| Cash | — | — | £143,148 | — | — | £298,516 | £413,347 | |
| Total assets less current liabilities | — | — | £918,378 | — | — | £2,416,987 | £2,439,800 | |
| Net assets | — | — | £747,523 | — | — | £1,868,426 | £1,831,543 | |
| Equity | £730,735 | £733,721 | £747,523 | — | — | £1,868,426 | £1,831,543 | |
| Average employees | — | — | 48 | — | — | 57 | 48 | |
| Wages | — | — | — | — | — | £1,692,535 | £1,549,520 | |
| Directors' remuneration | — | — | £99,728 | — | — | £164,579 | £161,117 |
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 2024-10-31 vs 2023-10-31
-
Turnover
-27.8%
£10,642,349 £7,683,880
-
Cash
+38.5%
£298,516 £413,347
highest in 3 filed years
-
Net assets
-2%
£1,868,426 £1,831,543
-
Employees
-15.8%
57 48
-
Operating profit
-84.4%
£1,263,968 £197,790
-
Profit before tax
-91.4%
£1,127,678 £97,173
-
Wages
-8.4%
£1,692,535 £1,549,520
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 | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 11.9% | 2.6% | |
| Net margin | — | — | — | — | — | 8.1% | 0.9% | |
| Return on capital employed | — | — | — | — | — | 52.3% | 8.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 65.3% | 64.2% | |
| Current ratio | — | — | — | — | — | 1.35x | 1.34x | |
| Interest cover | — | — | — | — | — | 9.27x | 1.97x |
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
- Azets Audit Services
- Audit opinion
- Qualified
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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
- HINDLEY CIRCUITS LIMITED · parent
- Irridian Industrial Electronics Limited 100%
Significant events
- “After a record 2023, 2024 proved to be a very challenging period for the company. Whilst we had anticipated a softening in demand due to a sector wide unwinding of post covid inventory levels, the issue has proven deeper than anticipated.”
- “We have taken the opportunity of recruiting further resource in sales and strengthened our engineering function to provide added value to existing and new customers. I believe these initiatives will bear fruit in the short term with new customers in a range of sectors.”
- “Looking forward, the directors have a positive outlook, with there being a clear improvement in market senitment, ordering and component pricing.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAWSON, Ashley Robert | Secretary | 2021-06-29 | — | — |
| LAPPING, Andrew Christopher | Director | 2016-12-19 | Mar 1963 | British |
| MOFFAT, Sarah-Jane | Director | 2016-12-19 | Jul 1977 | British |
| PENNISON, Christopher Roy | Director | 2016-12-19 | Mar 1967 | British |
| WHITEHEAD, Richard | Director | 2016-11-11 | Jun 1965 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew Christopher Lapping | Individual | Significant influence | 2018-01-17 | Active |
| Mr Richard Whitehead | Individual | Shares 75–100%, Voting 75–100% | 2016-11-11 | Active |
Filing timeline
Last 20 of 44 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-02-14 RESOLUTIONS Resolution
- 2023-02-14 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-31 | AA | accounts | Accounts with accounts type full | |
| 2025-01-29 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-01-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-26 | AA | accounts | Accounts with accounts type full | |
| 2024-01-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-31 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-02-14 | SH02 | capital | Capital alter shares subdivision | |
| 2023-02-14 | RESOLUTIONS | resolution | Resolution | |
| 2023-02-14 | MA | incorporation | Memorandum articles | |
| 2022-12-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-09 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-11-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-07-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-07-12 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-06-29 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-02-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-08-11 | AA | accounts | Accounts with accounts type total exemption full |
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.