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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

1 item

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

Accounts

5-year trend · latest reflected 2024-12-31

Metric Trend 2020-12-312021-12-312022-12-312023-12-312024-12-31
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 40484947
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

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 2020-12-312021-12-312022-12-312023-12-312024-12-31
Operating margin -30.6%-19.3%
Net margin -33.5%-26.8%
Return on capital employed -73.1%-249.9%
Current ratio 0.98x0.60x
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

  1. POWERPHOTONIC LIMITED · parent
    1. PowerPhotonic Inc. 100% · United States of America

Significant events

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 PDF
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 PDF
2026-02-09 TM01 officers Termination director company with name termination date PDF
2025-09-19 AA accounts Accounts with accounts type group
2025-09-01 AP01 officers Appoint person director company with name date PDF
2025-07-07 SH01 capital Capital allotment shares PDF
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 PDF
2025-07-06 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2025-07-06 AP01 officers Appoint person director company with name date PDF
2025-05-13 CH01 officers Change person director company with change date PDF
2025-05-13 CH01 officers Change person director company with change date PDF
2025-05-12 AP04 officers Appoint corporate secretary company with name date PDF
2025-05-12 TM02 officers Termination secretary company with name termination date PDF
2025-05-09 CS01 confirmation-statement Confirmation statement with updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
20

last 12 months

Capital events
3

last 24 months

Officers appointed
4

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.

Official Companies House page