TITAN STEEL WHEELS LIMITED
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Cash
£2.2M
+1.8% vs 2023
Net assets
£27M
-5.1% vs 2023
Employees
355
-4.8% vs 2023
Profit before tax
-£1.9M
-159.7% vs 2023
Net assets
2-year trend · vs Basic Materials 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 | £56,345,000 | £44,001,000 | -21.9% | |
| Operating profit | £3,324,000 | -£1,767,000 | -153.2% | |
| Profit before tax | £3,118,000 | -£1,863,000 | -159.7% | |
| Net profit | £2,371,000 | -£1,435,000 | -160.5% | |
| Cash | £2,169,000 | £2,209,000 | +1.8% | |
| Total assets less current liabilities | £28,796,000 | £27,361,000 | -5% | |
| Net assets | £28,046,000 | £26,611,000 | -5.1% | |
| Equity | £28,046,000 | £26,611,000 | -5.1% | |
| Average employees | 373 | 355 | -4.8% | |
| Wages | £12,447,000 | £11,774,000 | -5.4% | |
| Directors' remuneration | £589,000 | £564,000 | -4.2% |
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 |
|---|---|---|---|
| Operating margin | 5.9% | -4.0% | |
| Net margin | 4.2% | -3.3% | |
| Return on capital employed | 11.5% | -6.5% | |
| Gearing (liabilities / total assets) | 33.3% | 29.9% | |
| Current ratio | 2.67x | 2.91x | |
| Interest cover | 16.14x | -18.41x |
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 3 times since incorporation
- TITAN STEEL WHEELS LIMITED 1997-11-05 → present
- STEEL WHEELS LIMITED 1995-02-13 → 1997-11-05
- LEMMERZ U.K. LIMITED 1991-06-27 → 1995-02-13
- INGLEBY (557) LIMITED 1991-03-20 → 1991-06-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. Titan Steel Wheels Limited manages costs & cash preservation. Titan Europe Limited & holding company committed to providing financial support as necessary for at least 12 months from signing date.”
Significant events
- “There were no significant events between the statement of financial position date and the signing of these account that require adjustments or disclosures to the financial statement.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LOGAN, Alan Gilmour | Secretary | 2008-07-07 | — | British |
| AKERS, Christopher Michael Benedict | Director | 2008-06-02 | Apr 1967 | British |
| LOGAN, Alan Gilmour | Director | 2017-08-31 | May 1970 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JUNGER, Klaus | Secretary | 1991-06-17 | 1991-11-05 |
| WICKS, Vincent Melvyn Roosevelt | Secretary | 1991-11-05 | 2008-07-07 |
| INGLEBY HOLDINGS LIMITED | Corporate Nominee Secretary | 1991-03-20 | 1991-06-17 |
| AKERS, John Michael Anthony | Director | 1995-02-10 | 2008-06-02 |
| BATES, Sydney Melvyn | Director | 1991-11-05 | 2001-06-30 |
| BILLIG, Erwin Henry | Director | 1995-02-10 | 2008-06-02 |
| CHESTERTON, Gary | Director | 2009-08-05 | 2017-08-31 |
| JUNGER, Klaus | Director | 1991-06-17 | 1995-02-10 |
| KAMPER, Gerhard | Director | 1991-06-17 | 1995-02-10 |
| KOLL, Horst | Director | — | 1995-02-10 |
| PROCTOR, John Stephen | Director | — | 1999-06-24 |
| TAYLOR, Maurice | Director | 1995-02-10 | 2008-06-02 |
| WHEELWRIGHT, John David | Director | 2008-06-02 | 2009-06-16 |
| WICKS, Vincent Melvyn Roosevelt | Director | 1991-11-05 | 2008-07-07 |
| YOUNG, David William | Director | 2001-08-01 | 2009-08-05 |
| INGLEBY HOLDINGS LIMITED | Corporate Nominee Director | 1991-03-20 | 1991-06-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Titan Europe Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 145 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-23 | AA | accounts | Accounts with accounts type full | |
| 2025-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-02 | AA | accounts | Accounts with accounts type full | |
| 2024-03-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-23 | AA | accounts | Accounts with accounts type full | |
| 2023-03-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-04 | AA | accounts | Accounts with accounts type full | |
| 2022-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-07 | AA | accounts | Accounts with accounts type full | |
| 2021-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-05 | AA | accounts | Accounts with accounts type full | |
| 2020-10-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-07-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-24 | AA | accounts | Accounts with accounts type full | |
| 2019-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-07-05 | AA | accounts | Accounts with accounts type full | |
| 2018-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2017-09-04 | AP01 | officers | Appoint person director company with name date |
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.