BORGWARNER GATESHEAD LIMITED
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Cash
£382K
-35% vs 2023
Net assets
£1.7M
+105.1% vs 2023
Employees
3
-25% vs 2023
Profit before tax
£80M
+4,307.9% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | — | — | |
| Profit before tax | -£1,908,677 | £80,315,053 | +4,307.9% | |
| Net profit | -£1,908,677 | £80,315,053 | +4,307.9% | |
| Cash | £588,306 | £382,316 | -35% | |
| Total assets less current liabilities | -£33,506,451 | £1,808,602 | +105.4% | |
| Net assets | -£33,611,716 | £1,703,337 | +105.1% | |
| Equity | — | £1,703,337 | — | |
| Average employees | 4 | 3 | -25% | |
| 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 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 872.8% | 7.5% |
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
“After making enquiries, the directors have assessed the future cash requirements of the company and have a reasonable expectation that the Company has adequate resources to continue to meet its liabilities as they fall due for a period of at least twelve months from the date of signing the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the report and financial statements.”
Group structure
- BORGWARNER GATESHEAD LIMITED · parent
- BorgWarner Systems Lugo SRL 100%
Significant events
- “On 1 June 2021, the trade and assets of the Company were sold to Turntide Technologies. All customers and open orders were transferred at that date. Employees were transferred over under TUPE to Turntide Technologies.”
- “In April 2024, £2,319,999 earn-out consideration was received from Turntide Technologies relating to the trade and assets purchase agreement.”
- “In May 2024, BorgWarner Systems Lugo SRL was sold to BorgWarner UK Holdings and Services Limited for $103,000,000. Profit on transaction was £77,468,366.”
- “During the year, the company undertook a reduction of its Capital Redemption Reserve and Share Premium Account totalling £28,695,854 and £11,934,519, respectively. The reduction was approved by shareholders via a special resolution and supported by a solvency statement signed by the directors.”
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 213 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-11 RESOLUTIONS Resolution
- 2024-06-11 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2024-06-11 | MA | incorporation | Memorandum articles | |
| 2024-06-06 | 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
- 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.