DUO SYSTEMS LTD
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Cash
£25
lowest in 5 filed years
Net assets
-£449K
Equity attributable
Employees
5
highest in 5 filed years
Profit before tax
£151K
Period ending 2025-06-30
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.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Negative shareholders' funds
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-30
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £2,939,398 | £2,545,758 | — | |
| Operating profit | — | — | — | -£360,249 | £203,902 | — | |
| Profit before tax | — | — | — | -£510,895 | £150,749 | — | |
| Net profit | — | — | — | -£521,088 | £132,403 | — | |
| Cash | £12,282 | £20,477 | £18,509 | £8,797 | £25 | — | |
| Total assets less current liabilities | -£75,560 | -£196,034 | -£60,495 | -£581,227 | -£446,199 | — | |
| Net assets | -£75,560 | -£196,241 | -£60,692 | -£581,780 | -£449,377 | — | |
| Equity | -£75,560 | -£196,241 | -£60,692 | -£581,780 | -£449,377 | — | |
| Average employees | 1 | 2 | 3 | 3 | 5 | — | |
| Wages | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 18 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -12.3% | 8.0% | |
| Net margin | — | — | — | -17.7% | 5.2% | |
| Current ratio | — | — | — | 0.48x | 0.60x | |
| Interest cover | — | — | — | -4.09x | 3.82x |
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
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- HJS Chartered Accountants
- 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 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.”
Significant events
- “On 30 January 2026, the shares in Duo Systems Ltd were purchased by new owners and the company ceased to be part of the group from that date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOWSE, Tom David | Director | 2020-07-02 | Oct 1980 | English |
| IACOBUCCI, Neil Nicolas | Director | 2023-01-01 | Mar 1979 | British |
| MORAN, Jonathan David | Director | 2026-01-30 | Jul 1991 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOSEY, Daniel Charles | Director | 2020-07-02 | 2026-01-30 |
| IACOBUCCI, Neil Nicolas | Director | 2020-07-02 | 2020-08-11 |
| ROBINSON, Richard | Director | 2020-07-02 | 2026-01-30 |
| SNELGROVE, Mark James | Director | 2020-07-02 | 2026-01-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Code 9 Management Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2026-01-30 | Active |
| Bucchinc Ltd | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2026-01-30 | Active |
| Broadsword Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-07-02 | Ceased 2026-01-30 |
| Bucchinc Ltd | Corporate entity | Shares 25–50%, Voting 25–50% | 2020-07-02 | Ceased 2020-08-11 |
Filing timeline
Last 20 of 39 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AA | accounts | Accounts with accounts type full | |
| 2026-02-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-15 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-15 | SH08 | capital | Capital name of class of shares | |
| 2026-02-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-02-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-31 | AA | accounts | Accounts with accounts type small | |
| 2025-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-19 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 1
- Officers appointed
- 1
- 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.