{"name":"SURFACE TECHNOLOGY INTERNATIONAL LIMITED","company_number":"02292621","status":"Active","type":"Private Limited Company","incorporated":"1988-09-02","dissolved":null,"registered_office":"1a Alma Road, Windsor, Berkshire, United Kingdom, SL4 3HU","postcode":"SL4 3HU","sic_codes":[{"code":27900,"description":"Manufacture of other electrical equipment"}],"principal_activity":"The provision of contract electronic manufacturing services.","previous_names":[{"name":"SIMPSON MITCHELL DEVELOPMENTS LIMITED","changed_on":"1989-06-26"}],"warnings":[],"accounts":{"category":"Full","year_end":"31 December","last_made_up_to":"2025-12-31","next_due":"2027-09-30"},"employees":{"count":308,"accounts_date":"2025-12-31"},"financials":[{"financial_date":"2025-12-31","average_employees":308},{"financial_date":"2024-12-31","average_employees":314}],"officers":{"current":3,"resigned":25,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":4,"outstanding":4},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Surface Technology International Limited presents a materially improved credit profile: EBITDA rose to £5.7m (11.6% margin) in FY2025, working capital nearly tripled to £12m, and a £23.8m debt-to-equity conversion has repaired the balance sheet ahead of the March 2026 acquisition by Note AB, which brings a stable industrial parent and investment support. The recommendation is CONDITIONAL approval — statutory losses persist (£1.1m in FY2025), cash headroom is minimal at £305k with reliance on asset-based lending, and the ownership transition requires verification of group support. Facilities should be conditioned on parent support from Note AB, regular financial reporting, and covenant protection, with close monitoring of cash, ABL headroom and the return to bottom-line profitability in FY2026.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/surface-technology-international","people":"https://www.companiesintheuk.co.uk/company/surface-technology-international/people","filing_history":"https://www.companiesintheuk.co.uk/company/surface-technology-international/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/02292621","financials":"https://www.companiesintheuk.co.uk/company/surface-technology-international/financial","control":"https://www.companiesintheuk.co.uk/company/surface-technology-international/control","charges":"https://www.companiesintheuk.co.uk/company/surface-technology-international/charges","pay_gap":"https://www.companiesintheuk.co.uk/company/surface-technology-international/pay-gap","ai_analysis":"https://www.companiesintheuk.co.uk/company/surface-technology-international/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/surface-technology-international"}