POWERPHOTONIC LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-11 (in 1y)
Last made up 2026-04-27
Watchouts
Cash
£283K
-46.5% lowest in 4 filed years
Net assets
-£657K
-201.4% lowest in 4 filed years
Employees
47
-4.1% vs 2023
Profit before tax
-£2M
+11% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £5,450,127 | £6,184,474 | |
| Operating profit | — | — | — | -£1,668,882 | -£1,194,584 | |
| Profit before tax | — | — | — | -£1,951,252 | -£1,736,523 | |
| Net profit | — | £274,037 | £389,288 | -£1,823,901 | -£1,657,515 | |
| Cash | — | £964,512 | £1,457,053 | £528,427 | £282,818 | |
| Total assets less current liabilities | — | £2,840,433 | £4,513,937 | £2,281,986 | £478,024 | |
| Net assets | — | £2,840,433 | £3,266,708 | £648,089 | -£657,009 | |
| Equity | £2,512,343 | £2,840,433 | £3,266,708 | £648,089 | -£657,009 | |
| Average employees | — | 40 | 48 | 49 | 47 | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+13.5%
£5,450,127 £6,184,474
-
Cash
-46.5%
£528,427 £282,818
lowest in 4 filed years
-
Net assets
-201.4%
£648,089 -£657,009
lowest in 4 filed years
-
Employees
-4.1%
49 47
-
Operating profit
+28.4%
-£1,668,882 -£1,194,584
-
Profit before tax
+11%
-£1,951,252 -£1,736,523
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -30.6% | -19.3% | |
| Net margin | — | — | — | -33.5% | -26.8% | |
| Return on capital employed | — | — | — | -73.1% | -249.9% | |
| Current ratio | — | — | — | 0.98x | 0.60x | |
| Interest cover | — | — | — | -5.89x | -2.20x |
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 §1A
- Reporting scope
- Consolidated group
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- CT Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operation for the foreseeable future. An assessment of the forecast derived from the company's growth plans and of the opportunities available to the group's UK and US operations has led the Directors to conclude that the going concern basis of preparation is appropriate.”
Group structure
- POWERPHOTONIC LIMITED · parent
- PowerPhotonic Inc. 100%
Significant events
- “In November 2024, the company received £293,571 in advanced subscription funds from existing investors to support growth and future fundraising activities. These funds are convertible into equity under the terms of the relevant subscription agreements.”
- “In March 2025, the company received a further £361k in advanced subscription funds from existing investors under terms similar to those agreed in November 2024.”
- “On 30 June 2025, Maven Capital Partners completed a £2.6 million equity investment in the company. Concurrently, the group's outstanding Convertible Loan Notes (£2,028k) and accrued interest (£608k) were converted into equity, and the advanced subscription funds were settled through share allotments.”
- “Following the investment, Amanda Robertson was appointed as Group Chief Executive Officer.”
- “Roy McBride, co-founder of PowerPhotonic, has transitioned to the role of Director of Strategy and Growth, where he will focus on long-term vision and market expansion.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VIALEX COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2025-05-12 | — | — |
| BLACK, Robert Keddie, Dr | Director | 2014-02-26 | May 1963 | British |
| MCBRIDE, Roy | Director | 2004-06-14 | May 1965 | British |
| MCKENZIE, Nicola Jane | Director | 2026-01-28 | Jun 1967 | British |
| MILROY, David Alan, Dr | Director | 2025-06-30 | Dec 1972 | British |
| ROBERTSON, Amanda Buchanan | Director | 2025-08-28 | Mar 1970 | British |
| YOUNGER, Simon Clovis | Director | 2007-11-13 | Sep 1970 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, Derek Gardiner | Secretary | 2004-11-05 | 2007-11-29 |
| CLARKE, Richard John George | Secretary | 2016-04-01 | 2023-09-29 |
| MACKEAN, Robert | Secretary | 2010-05-19 | 2016-04-01 |
| MCBRIDE, Margaret Ann | Secretary | 2007-11-30 | 2010-05-19 |
| MCLELLAND, Graham | Secretary | 2004-04-27 | 2004-11-05 |
| NUMBERSMITHS CONSULTING LTD | Corporate Secretary | 2023-09-29 | 2025-05-12 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 2004-04-27 | 2004-04-27 |
| BAKER, Howard John | Director | 2004-11-05 | 2016-04-28 |
| CLARKE, Richard John George | Director | 2016-01-28 | 2024-06-30 |
| EVANS, David Roger | Director | 2016-05-18 | 2026-01-28 |
| HALL, Denis Roderick, Professor | Director | 2004-11-05 | 2015-10-01 |
| HAYES, Julian Paul | Director | 2013-11-28 | 2019-11-27 |
| HEDLEY, Nigel Christian | Director | 2007-11-28 | 2014-11-28 |
| MCBRIDE, Iain | Director | 2004-04-27 | 2004-06-15 |
| MCNAULL, Philip Gerard | Director | 2006-08-12 | 2012-10-15 |
| VILLARREAL SAUCEDO, Francisco Javier | Director | 2004-11-05 | 2006-07-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Scottish Enterprise | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2025-06-30 |
Filing timeline
Last 20 of 153 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-17 RESOLUTIONS Resolution
- 2026-04-17 MA Memorandum articles
- 2025-07-07 MA Memorandum articles
- 2025-07-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-17 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-17 | MA | incorporation | Memorandum articles | |
| 2026-02-09 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-19 | AA | accounts | Accounts with accounts type group | |
| 2025-09-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-07 | SH01 | capital | Capital allotment shares | |
| 2025-07-07 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-07-07 | SH08 | capital | Capital name of class of shares | |
| 2025-07-07 | MA | incorporation | Memorandum articles | |
| 2025-07-07 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-06 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-07-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-13 | CH01 | officers | Change person director company with change date | |
| 2025-05-13 | CH01 | officers | Change person director company with change date | |
| 2025-05-12 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-05-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 3
- Officers appointed
- 4
- 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.