BORGWARNER GATESHEAD LIMITED
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Cash
£355k
-7.3% lowest in 3 filed years
Net assets
£1.7m
+0.9% highest in 3 filed years
Employees
2
-33.3% lowest in 3 filed years
Profit before tax
£16k
-100% first positive since 2023
Net assets
3-year trend · vs Industrials 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 | — | — | — | — | |
| Operating profit | — | £1,090,678 | -£16,265 | -101.5% | |
| Profit before tax | -£1,908,677 | £80,315,053 | £15,673 | -100% | |
| Net profit | -£1,908,677 | £80,315,053 | £15,673 | -100% | |
| Cash | £588,306 | £382,316 | £354,576 | -7.3% | |
| Total assets less current liabilities | -£33,506,451 | £1,808,602 | £1,824,275 | +0.9% | |
| Net assets | -£33,611,716 | £1,703,337 | £1,719,010 | +0.9% | |
| Equity | — | £1,703,337 | £1,719,010 | +0.9% | |
| Average employees | 4 | 3 | 2 | -33.3% | |
| 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. 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 |
|---|---|---|---|---|
| Return on capital employed | — | 60.3% | -0.9% | |
| Gearing (liabilities / total assets) | 872.8% | 7.5% | 6.4% | |
| Current ratio | — | 55.87x | — | |
| Interest cover | — | 1.93x | — |
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 3 times since incorporation
- BORGWARNER GATESHEAD LIMITED 2018-02-01 → present
- SEVCON LIMITED 1990-06-29 → 2018-02-01
- TECH 1983-12-30 → 1990-06-29
- TECHNICAL OPERATIONS LIMITED 1951-10-06 → 1983-12-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Hazlewoods LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, they continue to adopt the going concern basis in preparing the report and financial statements.”
Significant events
- “On 1 June 2021, the trade and assets of the Company were sold to Turntide Technologies... Following this there was no trade activity or engineering development remaining in the Company. Therefore, the company changed its principal activity to that of an intermediate holding company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BIRD & BIRD COMPANY SECRETARIES LIMITED | Corporate Secretary | 2024-09-19 | — | — |
| ERRINGTON, Darren Craig | Director | 2020-10-05 | Jan 1970 | British |
| HILL, Terry Graham | Director | 2025-12-01 | Sep 1980 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FARQUHAR, Paul Neil | Secretary | 2008-01-31 | 2018-01-15 |
| MCPARTLIN, Paul Anthony | Secretary | — | 2008-01-31 |
| BOYLE, Matthew | Director | 2000-10-16 | 2018-01-15 |
| FARQUHAR, Paul Neil | Director | 2008-01-31 | 2018-01-15 |
| HELMSLEY, Maarten | Director | 2011-09-19 | 2016-02-02 |
| KAEMPFER, Peter | Director | 2018-01-02 | 2024-06-05 |
| KETELHUT, William | Director | 2011-09-19 | 2017-09-23 |
| KOESTER, Benedikt | Director | 2020-07-29 | 2026-02-12 |
| MCPARTLIN, Paul Anthony | Director | 1995-07-27 | 2008-01-31 |
| ROSENBERG, Paul | Director | 2011-09-19 | 2015-03-16 |
| ROSENBERG, Paul Bayard | Director | — | 2006-05-02 |
| SCHORR, Marvin | Director | 2011-09-19 | 2016-02-02 |
| SCHORR, Marvin Gerald, Dr | Director | — | 2006-05-02 |
| SIDLOW, David John | Director | 2017-12-20 | 2019-03-12 |
| START, Bernard | Director | 2011-09-19 | 2015-03-16 |
| START, Bernard | Director | — | 1995-02-28 |
| STEADMAN, David | Director | 2011-09-19 | 2016-02-02 |
| STUMP, Paul | Director | 2011-09-19 | 2017-09-22 |
| UHRIG, Matthias Theo | Director | 2024-09-25 | 2025-12-01 |
| UHRIG, Matthias Theo | Director | 2020-07-29 | 2024-06-05 |
| WANG, Frederick | Director | 2011-09-19 | 2016-03-16 |
| ZOBRIST, James Anthony | Director | 2019-03-05 | 2021-03-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Borgwarner Uk Holding And Services Ltd. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-05-08 | Active |
| Borgwarner Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-05-08 |
| Borgwarner Massachusetts Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 215 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-08 | AA | accounts | Accounts with accounts type full | |
| 2026-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-20 | AA | accounts | Accounts with accounts type full | |
| 2025-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-19 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-06-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-18 | CH01 | officers | Change person director company with change date | |
| 2024-12-06 | AA | accounts | Accounts with accounts type full | |
| 2024-10-29 | AD03 | address | Move registers to sail company with new address | |
| 2024-10-28 | AD02 | address | Change sail address company with new address | |
| 2024-10-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-04 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2024-08-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-11 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.