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Cash

£2M

USD 2,262,000

-55.7% vs 2024

Net assets

£297M

USD 397,961,000

-16.2% vs 2024

Employees

1,534

+17.1% vs 2024

Profit before tax

£16M

USD 21,499,000

-19.6% vs 2024

Accounts

2-year trend · latest reflected 2025-06-27

Metric Trend 2024-06-282025-06-27
Turnover £148,376,318£222,534,948
Operating profit £12,020,632£12,556,627
Profit before tax £19,991,777£16,071,615
Net profit £15,533,378£13,073,933
Cash £3,819,242£1,690,962
Total assets less current liabilities £355,848,097£298,244,001
Net assets £354,838,155£297,496,449
Equity £354,838,155£297,496,449
Average employees 1,3101,534
Wages
Directors' remuneration

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. indicates the figure wasn't present under that line item in that period. About these numbers

Year-on-year

FY2024 → FY2025 · period ending 2025-06-27 vs 2024-06-28

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

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2024-06-282025-06-27
Operating margin 8.1%5.6%
Net margin 10.5%5.9%
Return on capital employed 3.4%4.2%
Gearing (liabilities / total assets) 8.6%21.6%
Current ratio 8.05x2.49x

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 101
Reporting scope
Standalone (parent only)
Auditor
Ernst & Young LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Directors have assessed the ability of the Company to continue as a going concern for the period to 31 March 2027. The Company operates in the areas of manufacture and development of recording heads for use in data storage media products sold by the Seagate group and participates in the group's centralised treasury arrangements Consequently, the Company is dependent on the Seagate group continuing to operate, continuing to source products from the Company and to meet the Company's liabilities as they fall due The Company's parent undertaking has confirmed in writing that it will continue to source products from, and provide financial support to, the Company for the period to at least 31 March 2027”

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

People

2 active · 26 resigned

Name Role Appointed Born Nationality
CHOI, Johnny Sy Director 2020-05-01 Sep 1978 American
O'DONNELL, Fergus Bernard Director 2021-04-09 Apr 1966 Irish
Show 26 resigned officers
Name Role Appointed Resigned
HUDSON, William Lawrence Secretary 1993-03-04 2007-12-06
MACPHERSON, Regan Johanna Secretary 2015-09-01 2017-05-12
MASSARONI, Kenneth Secretary 2007-12-06 2015-09-01
SEDLER, Stephen Secretary 2000-11-22 2014-11-24
ALLEN, Kenneth Donald Director 1997-01-15 2003-02-01
BONNIE, Gene Patrick Director 1998-10-01 1999-11-01
BROWN, David Director 2000-07-01 2000-11-23
CHIRICO JR., James Michael Director 1999-11-02 2003-02-01
HEGARTY, Brendan C. Director 1993-03-04 1998-09-30
HUDSON, William Lawrence Director 2000-05-19 2007-12-06
KUNDTZ, Robert A. Director 1993-03-04 1995-07-25
MACPHERSON, Regan Johanna Director 2015-09-01 2017-05-12
MASSARONI, Kenneth Michael Director 2009-02-06 2015-09-01
MCHUGH, David Anthony Director 2021-04-09 2023-12-18
MORTON, David H Director 2015-09-01 2018-08-17
MULVANEY, Thomas Francis Director 1998-08-03 2000-05-19
O'MALLEY, Patrick Joseph Director 2008-08-25 2015-09-01
O'MALLEY III, Patrick Joseph Director 2003-02-01 2004-03-24
PETERSON, Glen Arthur Director 2004-03-24 2009-10-30
POPE, Charles Callis Director 1998-08-03 2008-08-25
ROMANO, Gianluca Paolo Director 2019-02-15 2021-04-09
SCOLNICK, Kathryn Rajeck Director 2018-08-17 2019-02-15
SHUGART, Alan F. Director 1993-03-04 1998-07-19
WAITE, Donald L. Director 1993-03-04 1998-07-31
WATKINS, William Douglas Director 2003-02-01 2009-02-04
YANG, Jesse Director 2019-02-15 2020-04-30

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 101 total filings

Date Type Category Description
2026-04-30 AA accounts Accounts with accounts type full
2025-02-10 AA accounts Accounts with accounts type full
2024-07-31 OSTM01 officers Termination person director overseas company with name termination date
2024-02-20 AA accounts Accounts with accounts type full
2023-05-19 AA accounts Accounts with accounts type full
2022-02-08 AA accounts Accounts with accounts type full
2021-05-06 OSAP01 officers Appoint person director overseas company with name appointment date
2021-05-06 OSAP01 officers Appoint person director overseas company with name appointment date
2021-05-06 OSTM01 officers Termination person director overseas company with name termination date
2020-12-16 AA accounts Accounts with accounts type full
2020-07-17 AA accounts Accounts with accounts type full
2020-06-24 OSAP01 officers Appoint person director overseas company with name appointment date
2020-06-24 OSTM01 officers Termination person director overseas company with name termination date
2019-04-01 OSAP01 officers Appoint person director overseas company with name appointment date
2019-04-01 OSAP01 officers Appoint person director overseas company with name appointment date
2019-04-01 OSTM01 officers Termination person director overseas company with name termination date
2018-12-04 AA accounts Accounts with accounts type full
2018-11-15 OSAP01 officers Appoint person director overseas company with name appointment date
2018-11-15 OSTM01 officers Termination person director overseas company with name termination date
2018-07-04 AA accounts Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
1

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

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

Official Companies House page