PMES I LIMITED
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Cash
£0
Latest balance sheet
Net assets
£8.7M
Equity attributable
Employees
264
Average over period
Profit before tax
£9.9M
Period ending 2025-09-30
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Accounts not prepared on a going-concern basis
Following the transfer of substantially all of its assets and liabilities to its parent undertaking, the directors intend to place the company into liquidation / strike-off. Accordingly, the financial statements have not been prepared on a going concern basis.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Going-concern uncertainty disclosed
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2024-12-31 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £75,340,918 | £57,074,978 | — | |
| Operating profit | £15,392,597 | £9,019,905 | — | |
| Profit before tax | £16,487,491 | £9,886,810 | — | |
| Net profit | £12,134,201 | £7,129,158 | — | |
| Cash | £46,119,844 | £0 | — | |
| Total assets less current liabilities | £2,497,410 | £8,677,480 | — | |
| Net assets | £1,548,322 | £8,677,480 | — | |
| Equity | £1,548,322 | £8,677,480 | — | |
| Average employees | 230 | 264 | — | |
| Wages | £15,628,753 | £15,583,707 | — | |
| Directors' remuneration | £0 | — | — |
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 9 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-09-30 |
|---|---|---|---|
| Operating margin | 20.4% | 15.8% | |
| Net margin | 16.1% | 12.5% | |
| Return on capital employed | 616.3% | 103.9% | |
| Gearing (liabilities / total assets) | 97.7% | — | |
| Current ratio | 0.93x | 2.32x |
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 1 time since incorporation
- PMES I LIMITED 2025-10-02 → present
- ULTRA PMES LIMITED 2022-09-16 → 2025-10-02
Audit & accounting basis
- Accounting basis
- FRS 101
- Auditor
- Grant Thornton
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“Following the transfer of substantially all of its assets and liabilities to its parent undertaking, the directors intend to place the company into liquidation / strike-off. Accordingly, the financial statements have not been prepared on a going concern basis.”
Significant events
- “Acquisition of PMES I Limited by ESCO Technologies Inc on 25th April 2025 and business hived up to ESCO Maritime Solutions Limited on 30 September 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEYWOOD, Richard John | Director | 2025-05-23 | Jun 1971 | British |
| HINE, Nick | Director | 2022-09-16 | Feb 1966 | British |
| HOLTOM, Brett | Director | 2022-09-16 | Jul 1983 | British |
| MELIA, Nicola Jaimie Charbonnier | Director | 2025-01-08 | Nov 1983 | British,Swiss |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MALANI, Shonnel | Director | 2022-09-16 | 2025-04-25 |
| PRYCE, Simon Charles Conrad | Director | 2022-09-16 | 2023-04-11 |
| ROBERTS, Nigel Jonathan | Director | 2023-04-11 | 2023-12-31 |
| SCLATER, Mark Josceline | Director | 2022-09-16 | 2025-04-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Esco Maritime Solutions Ltd. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-04-25 | Active |
| Ultra Electronics Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-09-16 | Ceased 2025-04-25 |
Filing timeline
Last 20 of 27 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-02 CERTNM Certificate change of name company PDF
- 2025-05-01 RESOLUTIONS Resolution
- 2025-05-01 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-25 | AA | accounts | Accounts with accounts type full | |
| 2026-01-05 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-12-22 | AA | accounts | Accounts with accounts type full | |
| 2025-10-02 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-09-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-20 | AD03 | address | Move registers to sail company with new address | |
| 2025-08-19 | AD02 | address | Change sail address company with new address | |
| 2025-08-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-01 | MA | incorporation | Memorandum articles | |
| 2025-04-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-25 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-21 | AA | accounts | Accounts with accounts type full | |
| 2024-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- 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.