CLYDE SPACE LIMITED
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Cash
£278K
+12.9% vs 2024
Net assets
£563K
-62.4% vs 2024
Employees
84
-4.5% lowest in 3 filed years
Profit before tax
-£2.2M
-160.6% vs 2024
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £4,631,043 | £12,547,216 | £8,107,844 | -35.4% | |
| Operating profit | -£3,453,970 | -£734,616 | -£1,974,704 | -168.8% | |
| Profit before tax | -£3,563,461 | -£853,394 | -£2,224,275 | -160.6% | |
| Net profit | -£3,061,972 | -£768,534 | -£2,141,197 | -178.6% | |
| Cash | £687,599 | £246,454 | £278,266 | +12.9% | |
| Total assets less current liabilities | £2,206,997 | £1,496,075 | £6,193,097 | +314% | |
| Net assets | £285,146 | £1,496,075 | £562,864 | -62.4% | |
| Equity | £285,146 | £1,496,075 | £562,864 | -62.4% | |
| Average employees | 88 | 88 | 84 | -4.5% | |
| Wages | £4,581,949 | £4,639,106 | £4,973,301 | +7.2% | |
| Directors' remuneration | £258,662 | £257,192 | £299,005 | +16.3% |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -74.6% | -5.9% | -24.4% | |
| Net margin | -66.1% | -6.1% | -26.4% | |
| Return on capital employed | -156.5% | -49.1% | -31.9% | |
| Gearing (liabilities / total assets) | 97.7% | 87.5% | — | |
| Current ratio | 0.43x | 0.32x | 0.40x | |
| Interest cover | -31.55x | -6.18x | -7.91x |
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
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors... have received confirmation of continued financial support from the parent company for at least twelve months from the date of approval of these financial statements. This support includes confirmation not to call intercompany balances should it be to the detriment of the company in meeting its obligations as they fall due, and provision of additional funding should it be required. The directors have no reason to believe that any material uncertainty exists that may cast doubt on the company's ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis.”
Group structure
- CLYDE SPACE LIMITED · parent
- Clyde Space Inc. 100%
Significant events
- “Demand for space and satellite capabilities strong. Turnover down 35% in 2025 to £8.1M due to contract delays. Gross profit margin improved. First two VIREON™™ Earth observation satellites due early 2026; first order secured. Secured INFLECION project for maritime applications. Risks: Regulation, Customer funding, Supply chain delays, New technology, Long sales cycles, Satellite launch failure, Personnel retention.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2006-06-28 | — | — |
| CARDOSO DO AMARAL GOMES, Luis Miguel | Director | 2019-05-23 | Sep 1971 | Portuguese |
| THIDEMAN, Mats Toivo | Director | 2018-01-30 | Jan 1963 | Swedish |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLARK, Lynn Rose Janet | Secretary | 2005-08-01 | 2006-06-28 |
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2005-05-25 | 2005-08-01 |
| AITKEN, Brian | Director | 2010-12-21 | 2018-01-30 |
| ALLSTAFF, Kenneth Robertson | Director | 2007-12-27 | 2009-07-14 |
| BARREIRO, Alfonso | Director | 2018-01-30 | 2019-02-20 |
| BELL, David Robert | Director | 2010-12-21 | 2014-09-25 |
| CHARLICK, John Christopher | Director | 2006-05-16 | 2018-01-30 |
| CLARK, Craig Stewart | Director | 2005-08-01 | 2020-07-22 |
| CLARK, Lynn Rose Janet | Director | 2009-11-02 | 2012-02-09 |
| HALLENCREUTZ, Rolf | Director | 2019-02-20 | 2019-05-23 |
| LANG, Ross Melville | Director | 2020-08-01 | 2026-06-30 |
| MACCORMICK, Neil Alexander | Director | 2008-02-08 | 2009-04-27 |
| PIRRIE, James Mcnab | Director | 2010-12-21 | 2018-01-30 |
| PIRRIE, John Syme | Director | 2010-12-21 | 2018-01-30 |
| STEWART, Hugh | Director | 2011-08-25 | 2018-01-30 |
| WARDLAW, John Robert | Director | 2014-09-18 | 2018-01-30 |
| WHITEHORN, William Elliott | Director | 2016-09-06 | 2018-01-30 |
| PINSENT MASONS DIRECTOR LIMITED | Corporate Director | 2005-05-25 | 2005-08-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Craig Stewart Clark | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-01-30 |
| Mr Hugh Stewart | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-01-30 |
| Nevis Capital Llp | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-01-30 |
Filing timeline
Last 20 of 146 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-20 | AA | accounts | Accounts with accounts type full | |
| 2025-09-25 | AA | accounts | Accounts with accounts type full | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2024-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-05 | AA | accounts | Accounts with accounts type small | |
| 2022-05-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-25 | AA | accounts | Accounts with accounts type small | |
| 2022-04-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-07-02 | AA | accounts | Accounts with accounts type small | |
| 2021-06-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-31 | AP01 | officers | Appoint person director company with name date | |
| 2020-08-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-07-27 | TM01 | officers | Termination director company with name termination date | |
| 2020-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-23 | AA | accounts | Accounts with accounts type small | |
| 2019-08-23 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.