HYSPEC ENGINEERING LIMITED
Get an alert when HYSPEC ENGINEERING LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-23 (in 5mo)
Last made up 2025-10-09
Watchouts
Cash
£72K
+77.2% highest in 5 filed years
Net assets
-£151K
+68.6% vs 2023
Employees
66
-20.5% lowest in 5 filed years
Profit before tax
£331K
+4.8% highest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
These events or conditions, along with other matters as set forth in the going concern accounting policy at note 1.2 indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.
Net assets
7-year trend · vs Basic Materials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £7,719,506 | — | — | £8,759,851 | £6,974,494 | |
| Operating profit | — | — | -£300,824 | — | — | £641,751 | £425,383 | |
| Profit before tax | — | — | -£402,492 | -£826,580 | -£1,176,666 | £315,515 | £330,678 | |
| Net profit | — | — | -£350,453 | — | -£1,176,666 | £443,088 | £330,678 | |
| Cash | — | — | £66,588 | £70,741 | £25,243 | £40,729 | £72,187 | |
| Total assets less current liabilities | — | — | £1,868,014 | £1,421,745 | £108,673 | — | — | |
| Net assets | — | — | £1,078,203 | £251,623 | -£925,043 | -£481,955 | -£151,277 | |
| Equity | £1,895,860 | £1,428,656 | £1,078,203 | £251,623 | -£925,043 | -£481,955 | -£151,277 | |
| Average employees | — | — | 114 | 96 | 89 | 83 | 66 | |
| Wages | — | — | £3,624,812 | £2,984,094 | £3,260,132 | £3,103,727 | £2,667,971 | |
| Directors' remuneration | — | — | — | — | — | £0 | £0 |
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
-20.4%
£8,759,851 £6,974,494
lowest in 3 filed years
-
Cash
+77.2%
£40,729 £72,187
highest in 5 filed years
-
Net assets
+68.6%
-£481,955 -£151,277
-
Employees
-20.5%
83 66
lowest in 5 filed years
-
Operating profit
-33.7%
£641,751 £425,383
first positive since 2020
-
Profit before tax
+4.8%
£315,515 £330,678
highest in 5 filed years
-
Wages
-14%
£3,103,727 £2,667,971
lowest in 5 filed years
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -3.9% | — | — | 7.3% | 6.1% | |
| Net margin | — | — | -4.5% | — | — | 5.1% | 4.7% | |
| Return on capital employed | — | — | -16.1% | — | — | — | — | |
| Current ratio | — | — | — | — | — | 0.87x | 0.94x | |
| Interest cover | — | — | -2.96x | — | — | 1.97x | 4.49x |
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.
Name history
Renamed 2 times since incorporation
- HYSPEC ENGINEERING LIMITED 2010-03-19 → present
- J-FIX PRECISION ENGINEERING LIMITED 2010-02-02 → 2010-03-19
- HMS (815) LIMITED 2010-01-19 → 2010-02-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- William Duncan + Co (Audit) Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“These events or conditions, along with other matters as set forth in the going concern accounting policy at note 1.2 indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”
Significant events
- “The company will return to a five-day workweek from the previous four-day schedule”
- “Expansion into new sectors, particularly Defence, is planned in response to the UK government's projected increase in spending to 5% of GDP”
- “Mr W R Khan resigned as a director on 5 April 2024”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALSHUAILI, Abdulla Khalfan | Director | 2020-05-11 | May 1972 | Omani |
| RITCHIE, Edwin George | Director | 2020-05-11 | Jul 1964 | British |
| WHITE, David Lindsay | Director | 2021-09-28 | Dec 1969 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HMS SECRETARIES LIMITED | Corporate Secretary | 2010-01-19 | 2010-01-29 |
| AL BARWANI, Usama Mohamed Ali | Director | 2012-02-22 | 2020-05-28 |
| AL KHARUSI, Mohamed Masaud Said | Director | 2012-02-22 | 2014-11-30 |
| HYSLOP, Agnes Margaret | Director | 2010-01-29 | 2012-02-22 |
| HYSLOP, Craig | Director | 2010-01-29 | 2012-02-22 |
| HYSLOP, William James | Director | 2010-01-29 | 2012-02-22 |
| KHAN, Waseem Riaz | Director | 2021-09-28 | 2024-04-05 |
| MALKI, Lakhder | Director | 2020-05-11 | 2021-09-07 |
| MUNRO, Donald John | Director | 2010-01-19 | 2010-01-29 |
| SRIVASTAVA, Sushil Kumar | Director | 2012-02-22 | 2020-05-28 |
| STOREY, Neville Robert | Director | 2012-02-22 | 2020-03-01 |
| HMS DIRECTORS LIMITED | Corporate Director | 2010-01-19 | 2010-01-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Mohamed Ali Mohamed Al Barwani | Individual | Appoints directors, right-to-appoint-and-remove-directors-as-firm | 2017-01-18 | Active |
Filing timeline
Last 20 of 78 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-10-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-22 | AA | accounts | Accounts with accounts type full | |
| 2023-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2022-12-22 | AA | accounts | Accounts with accounts type full | |
| 2022-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-05 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2022-06-30 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2022-06-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-06-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-12-22 | AA | accounts | Accounts with accounts type full | |
| 2021-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2020-11-23 | AA | accounts | Accounts with accounts type full | |
| 2020-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.