GEOTEK LIMITED

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

• Turnover

  -33.1%

  £10,410,706 → £6,962,369

• Cash

  +32.6%

  £1,502,601 → £1,992,354

• Net assets

  +6.6%

  £11,967,959 → £12,752,927

• Employees

  +2.7%

  37 → 38

  highest in 4 filed years

• Operating profit

  -84.7%

  £2,979,988 → £456,699

• Profit before tax

  -43.2%

  £4,587,507 → £2,604,660

• Wages

  +4%

  £1,916,963 → £1,993,464

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

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.

1. GEOTEK LIMITED 2017-05-11 → present
2. GEOTEL LIMITED 2017-05-09 → 2017-05-11
3. GEOTEK SERVICES LIMITED 2017-02-10 → 2017-05-09

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The company ended 2024 with cash of £1,992,354, compared with cash of £1,502,601 at the start of the year, following payment of a £1,450,000 dividend. The company achieved profitable and cash generative trading throughout the year. The directors have considered the ongoing impact of heightened political tensions globally, and of continuing higher levels of interest rates and inflation. The company's financial position remains robust, with sufficient cash, no debt and a satisfactory order book. The directors have also performed reasonably possible stress testing on forecast cashflows, considering potential scenarios from the continued uncertain global economic environment and, as a result, consider that the company is appropriately placed to manage its business risks. The directors therefore have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In making this assessment the directors have considered the period until the end of September 2026 and therefore they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. GEOTEK LIMITED · parent
   1. Spectra-Map Limited 100% · United Kingdom
   2. Geotek do Brazil Ltda 82% · Brazil
   3. Geotek (Hong Kong) Limited (China) 100% · Hong Kong
   4. Rockwash Geodata Limited 100% · United Kingdom
   5. Rockwash Geodata India Private Limited (India) 95.5% · India

Significant events

• “On 28 June 2024, the Company acquired 100% of the shares of Rockwash Geodata Ltd, and the consideration for which included contingent consideration up to a maximum of £3.8m to be satisfied in cash (see note 12). As at 31 December 2024, provisions included £2.0m in respect of the expected future earn-out payments (see note 18). Subsequent to the year end, the actual and forecast trading of Rockwash Geodata Ltd means that the contingent consideration payable in relation to the acquisition is now expected to be not more than £1.0m.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.