OCTRIC SEMICONDUCTORS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-10 (in 11mo)
Last made up 2026-03-27
Watchouts
Cash
£8M
Latest balance sheet
Net assets
£22M
lowest in 5 filed years
Employees
130
Average over period
Profit before tax
-£8M
lowest in 5 filed years
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.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Technology median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-09-30 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £8,442,844 | £13,298,788 | — | £32,145,796 | £7,937,688 | |
| Operating profit | — | — | -£5,344,616 | £5,790,669 | — | -£5,262,515 | -£7,943,481 | |
| Profit before tax | — | — | -£5,358,993 | £5,496,459 | £4,700,161 | -£5,010,832 | -£8,054,868 | |
| Net profit | — | — | -£3,878,734 | £5,246,310 | £4,112,102 | -£4,620,453 | -£5,932,678 | |
| Cash | — | — | £3,427,084 | £1,080,475 | £12,113,566 | £678,952 | £7,592,434 | |
| Total assets less current liabilities | — | — | £71,742,379 | £86,622,234 | £44,410,298 | £34,680,854 | £36,978,777 | |
| Net assets | — | — | £56,580,379 | £67,619,134 | £34,133,493 | £28,061,870 | £22,129,192 | |
| Equity | £54,367,435 | £65,131,089 | £56,580,379 | £67,619,134 | £34,133,493 | £28,061,870 | £22,129,192 | |
| Average employees | — | — | 83 | 160 | 257 | 141 | 130 | |
| Wages | — | — | £3,546,375 | £7,567,053 | £15,544,808 | £8,120,112 | £3,105,057 | |
| Directors' remuneration | — | — | — | £86,104 | £191,860 | £350,828 | £495,107 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-09-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-09-30 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -63.3% | 43.5% | — | -16.4% | -100.1% | |
| Net margin | — | — | -45.9% | 39.4% | — | -14.4% | -74.7% | |
| Return on capital employed | — | — | -7.4% | 6.7% | — | -15.2% | -21.5% | |
| Current ratio | — | — | — | — | — | 2.43x | 2.54x | |
| Interest cover | — | — | -355.76x | 19.68x | — | -12.30x | -50.72x |
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 4 times since incorporation
- OCTRIC SEMICONDUCTORS LIMITED 2024-09-27 → present
- OCTRIC SEMICONDUCTOR LIMITED 2024-09-27 → 2024-09-27
- II-VI COMPOUND SEMICONDUCTORS LIMITED 2017-08-14 → 2024-09-27
- KAIAM LASER LIMITED 2017-01-16 → 2017-08-14
- MM&S (5946) LIMITED 2016-12-01 → 2017-01-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for at least the next 12 months from the issue of these financial statements. The directors believe that this basis is appropriate because the company's ultimate shareholder (the Secretary of State for Defence of Great Britain and Northern Ireland), has committed to provide appropriate financial support.”
Significant events
- “The accounts for the six months ended 31 March 2025 represent the first full accounting period under the new 100% share ownership acquired on 27th September 2024 by the Secretary of State for Defence of Great Britain and Northern Ireland and renamed Octric Semiconductors Ltd ('Octric').”
- “In December 2024, Graham Love, ex-Chair of the Royal Mint, was appointed as Interim Chair of Octric following a competitive recruitment process to drive Octric's transformation.”
- “All core systems have now been transferred successfully, and the final stage of integrating Manufacturing systems is expected to be complete in 2026.”
- “Post period end, in total the company issued 30,000,000 ordinary shares of £1.00 each. The shares were issued at par. £15 million was settled via a debt/equity exchange with the balance being paid as cash consideration.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BABLA, Chettan | Director | 2025-09-25 | Jun 1970 | British |
| FAIRWEATHER, Andy | Director | 2024-09-27 | Nov 1979 | British |
| FLOYER-LEA, Anna Marie | Director | 2025-09-26 | May 1976 | British |
| HOLTOM, Brett | Director | 2024-11-15 | Jul 1983 | British |
| LOVE, Graham Carvell | Director | 2024-12-13 | Mar 1954 | British |
| NAPIER, Evelyn Patricia | Director | 2025-07-22 | Oct 1962 | British |
| SNOWDEN, Christopher Maxwell, Professor Sir | Director | 2025-09-29 | Mar 1956 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| RAYMOND, Mary Jane | Secretary | 2017-07-31 | 2018-04-03 |
| SCHWENDINGER, Jo Anne | Secretary | 2018-04-03 | 2023-01-18 |
| CORPORATION SERVICE COMPANY (UK) LIMITED | Corporate Secretary | 2018-04-03 | 2024-09-27 |
| MACLAY MURRAY & SPENS LLP | Corporate Secretary | 2016-12-01 | 2017-07-31 |
| BASHAW II, Walter Robert | Director | 2023-01-18 | 2024-09-06 |
| CHILDS, Russell | Director | 2018-04-03 | 2020-05-01 |
| CROSTON, Ian Richard | Director | 2021-12-23 | 2025-08-31 |
| JONES, Kelly Rene | Director | 2024-11-15 | 2025-09-30 |
| LOTEN, Simon Howard | Director | 2020-05-01 | 2024-09-27 |
| MCDERMOTT, Thomas James | Director | 2017-07-31 | 2024-03-14 |
| PEZESHKI, Bardia, Dr | Director | 2017-01-13 | 2017-07-31 |
| PHEASEY, Carl | Director | 2024-11-15 | 2025-09-30 |
| ROWLES, Gareth Keith | Director | 2017-07-31 | 2024-09-27 |
| RYDE, Magnus | Director | 2017-01-13 | 2017-07-31 |
| TRUESDALE, Christine | Director | 2016-12-01 | 2017-01-12 |
| VINDEX LIMITED | Corporate Director | 2016-12-01 | 2017-01-13 |
| VINDEX SERVICES LIMITED | Corporate Director | 2016-12-01 | 2017-01-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Secretary Of State For Defence Of Great Britain And Northern Ireland | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-09-27 | Active |
| Ii-Vi Laser Enterprise Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-05-02 | Ceased 2024-09-27 |
| Coherent Corp. | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-07-31 | Ceased 2024-05-02 |
| Ii-Vi Inc. | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-07-31 | Ceased 2017-07-31 |
| Vindex Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-12-01 | Ceased 2017-07-31 |
| Vindex Services Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-12-01 | Ceased 2017-07-31 |
Filing timeline
Last 20 of 116 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-15 RESOLUTIONS Resolution
- 2025-06-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-12-05 | SH01 | capital | Capital allotment shares | |
| 2025-10-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-15 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-13 | SH01 | capital | Capital allotment shares | |
| 2025-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-02 | CH01 | officers | Change person director company with change date | |
| 2025-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-26 | AA | accounts | Accounts with accounts type full | |
| 2025-06-16 | SH01 | capital | Capital allotment shares | |
| 2025-06-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-07 | CH01 | officers | Change person director company with change date | |
| 2025-04-07 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 3
- Officers appointed
- 4
- 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.