Skip to content
CompanySight
Company No. 02706775 · Incorporated 14 Apr 1992

M.K. Test Systems Ltd.

Registered name: M.K. TEST SYSTEMS LTD.

Part of Halma Public Limited Company group

M.K. Test Systems Ltd. made £10.5m revenue and a £322k loss in the year to 31 May 2024.

M.K. Test Systems Ltd.’s revenue fell 1% to £10.5m in the year to 31 May 2024, with a loss of £322k and 50 employees. The company is classified under “manufacture of electronic measuring, testing etc. equipment, not for industrial process control” and is based in Wellington; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 26511Manufacture of electronic measuring, testing etc. equipment, not for industrial process control
Status
Active
Location
Wellington, South West
Age
34 yrs · since 1992
Type
Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Jam Bidco Limited”

Latest accounts · year to 31 May 2024

Key figures

Revenue
£10.5m
Growth ▼1.4%
Profit
−£322k
Growth ▼108.5%
Profit margin
−3.1%
Gross 73.1%
Employees
50
Change ▲16.3%
Profit / employee
−£6.4k
Revenue/employee £211k
Profitable streak
0yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 May 202331 May 2024
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£10.7m£10.5m
Cost of sales£2.9m£2.8m
Gross profit£7.7m£7.7m
Operating profit£4.2m£645k
Profit before tax£4.2m£640k
Profit after tax£3.8m−£322k
Profit (best available)£3.8m−£322k
Staff costs£2.6m£2.7m
Employees (average)4350
Ratios
Profit margin35.5%−3.1%
Gross margin72.5%73.1%
Revenue per employee£248k£211k
Profit per employee£88.3k−£6.4k
Growth (year on year)
Revenue growth—▼1.4%
Profit growth—▼108.5%
Headcount growth—▲16.3%
Balance sheet — indirect signals, not revenue
Cash at bank£1.7m£1.9m
Net assets£7.3m£7m
Fixed assets£1.4m£1.6m
Current assets£8.9m£8.3m
Debtors£1.2m£1.7m
Deferred income£1.5m£1.2m
SourceFullAccounts · bulk data Feb 2025FullAccounts · bulk data Feb 2025
Derived from the latest filing

How the business works

Profit margin
−3.1%
Profit ÷ revenue.
Gross margin
73.1%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£211k
Revenue ÷ average employees.
Profit per employee
−£6.4k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
15.2%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
11%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
16.3%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▼4%
Now £7m
Cash at bank
▲12%
Now £1.9m
Headcount
▲16%
Now 50
Deferred income
▼25%
Now £1.2m
Fixed assets
▲13%
Now £1.6m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Halma Public Limited Companyultimate parent75–100%
  2. M.K. Test Systems Ltd.this company

Bands show the share of ownership each company holds in the one below it.

Sister companies (38)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 May 2024 (profit −£322k), from the Companies House accounts bulk data published Feb 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.