HORIBA UK FINANCE LIMITED
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Cash
£9.3M
-36.8% vs 2023
Net assets
£102M
+0.8% vs 2023
Employees
577
-2.5% vs 2023
Profit before tax
£767K
-97.6% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £81,764,000 | £76,957,000 | -5.9% | |
| Operating profit | £33,245,000 | £1,132,000 | -96.6% | |
| Profit before tax | £32,066,000 | £767,000 | -97.6% | |
| Net profit | £32,138,000 | £800,000 | -97.5% | |
| Cash | £14,632,000 | £9,254,000 | -36.8% | |
| Total assets less current liabilities | £117,650,000 | £121,253,000 | +3.1% | |
| Net assets | £101,515,000 | £102,315,000 | +0.8% | |
| Equity | £101,515,000 | £102,315,000 | +0.8% | |
| Average employees | 592 | 577 | -2.5% | |
| Wages | £32,438,000 | £30,014,000 | -7.5% | |
| Directors' remuneration | £2,198,000 | £1,483,000 | -32.5% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 40.7% | 1.5% | |
| Net margin | 39.3% | 1.0% | |
| Return on capital employed | 28.3% | 0.9% | |
| Current ratio | 1.12x | 1.03x | |
| Interest cover | 24.16x | 2.40x |
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
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- 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 group's and the parent 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
- HORIBA UK FINANCE LIMITED · parent
- HORIBA Test Automation Limited 100%
- HORIBA MIRA Limited 100%
- IDV Robotics Limited 20%
- HORIBA MIRA Certification Limited 100%
- Mira Technology Park Limited 100%
- Horiba Mira Spain SL 100%
- Mira Technology Park Services 100%
Significant events
- “Business in Active Safety, ADAS and Vehicle Resilience continued to expand significantly during 2024. The order book at the end of 2024 remains high, and further business expansion is expected in 2025.”
- “On 1 February 2023, 80% of the shareholding in IDV Robotics Limited... was sold to Iveco Defence Vehicles S.P.A with HORIBA MIRA retaining a 20% equity interest in IDV Robotics Limited. This has been classified as a discontinued operation in the 2023 comparative Statement of Comprehensive Income. In April 2025 the 20% holding in IDV Robotics Limited was sold.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BATES, Katie Anne | Secretary | 2023-08-01 | — | — |
| ALLEN, Declan Joseph | Director | 2026-04-01 | Sep 1966 | British |
| GILLESPIE, George Thompson, Dr | Director | 2025-12-01 | Jun 1963 | British |
| UENAKA, Toyota | Director | 2024-04-01 | Dec 1976 | Japanese |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HESKINS, David John | Secretary | 2019-06-24 | 2023-07-31 |
| DRAKE, Richard Charles | Director | 2016-12-09 | 2019-06-30 |
| FUKUSHIMA, Takeshi | Director | 2016-12-09 | 2022-04-01 |
| KNIGHT, Stuart Alan | Director | 2019-06-24 | 2026-03-31 |
| KOYAMA, Koji | Director | 2025-04-01 | 2025-11-30 |
| MORITA, Yoshihiro | Director | 2021-04-01 | 2024-03-31 |
| NAGANO, Takashi | Director | 2016-12-09 | 2022-04-01 |
| OKAWA, Masao | Director | 2022-04-01 | 2024-03-31 |
| TAJIKA, Junichi | Director | 2024-04-01 | 2025-03-31 |
| TAJIKA, Junichi | Director | 2016-12-09 | 2021-04-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Horiba, Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-12-09 | Active |
Filing timeline
Last 20 of 42 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-05 | AA | accounts | Accounts with accounts type group | |
| 2025-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-31 | AA | accounts | Accounts with accounts type small | |
| 2024-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | SH01 | capital | Capital allotment shares | |
| 2023-12-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-08-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-08-02 | AA | accounts | Accounts with accounts type small | |
| 2023-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.