THULE OUTDOOR LIMITED
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Cash
£616
+51.7% highest in 3 filed years
Net assets
£14M
+2.7% highest in 3 filed years
Employees
63
+16.7% highest in 3 filed years
Profit before tax
£496K
-32.5% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company operates using a bank account which is part of the group facility. The company's forecasts show that the company should be able to operate within the level of its current facility; however, the company may need to be reliant on support from its ultimate parent company to meet short term cash flow requirements. The parent company has confirmed that it will provide sufficient financial support, should it be required, to enable the company to meet its liabilities as they fall due for a period of not less than 12 months from the date of approval of the financial statements.
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Going-concern uncertainty disclosed
Net assets
3-year trend · vs Consumer Discretionary 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 | £27,051,584 | £26,761,694 | £25,802,910 | -3.6% | |
| Operating profit | £991,313 | £838,553 | £655,205 | -21.9% | |
| Profit before tax | £807,017 | £735,018 | £496,076 | -32.5% | |
| Net profit | £599,252 | £537,733 | £360,822 | -32.9% | |
| Cash | £106 | £406 | £616 | +51.7% | |
| Total assets less current liabilities | £14,893,163 | £15,385,187 | £22,347,591 | +45.3% | |
| Net assets | £12,945,410 | £13,483,143 | £13,843,965 | +2.7% | |
| Equity | £12,945,410 | £13,483,143 | £13,843,965 | +2.7% | |
| Average employees | 58 | 54 | 63 | +16.7% | |
| Wages | £2,256,264 | £2,226,917 | £2,513,130 | +12.9% | |
| Directors' remuneration | — | £43,155 | £109,474 | +153.7% |
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 |
|---|---|---|---|---|
| Operating margin | 3.7% | 3.1% | 2.5% | |
| Net margin | 2.2% | 2.0% | 1.4% | |
| Return on capital employed | 6.7% | 5.5% | 2.9% | |
| Gearing (liabilities / total assets) | — | 43.5% | 44.2% | |
| Current ratio | 2.45x | 2.40x | 7.85x | |
| Interest cover | 3.05x | 2.66x | 1.91x |
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 1 time since incorporation
- THULE OUTDOOR LIMITED 2013-10-16 → present
- THULE AUTOMOTIVE LIMITED 1996-06-11 → 2013-10-16
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Price Bailey LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The company operates using a bank account which is part of the group facility. The company's forecasts show that the company should be able to operate within the level of its current facility; however, the company may need to be reliant on support from its ultimate parent company to meet short term cash flow requirements. The parent company has confirmed that it will provide sufficient financial support, should it be required, to enable the company to meet its liabilities as they fall due for a period of not less than 12 months from the date of approval of the financial statements.”
Significant events
- “During the year, the Company opened two retail stores in the UK (Covent Garden and Kingston-upon-Thames). The Kingston-upon-Thames store also provides product fitting and repair services. Following the Thule Group's acquisition of Quad Lock in the fourth quarter of 2024, the Company commenced sales of Quad Lock performance phone mounts through its retail stores and online channel.”
- “The Thule Group continues to invest in new product development, with a number of launches planned for the UK market in 2026. In addition, the Company expects to introduce the RV product range to its direct-to-consumer channel in the UK, with sales commencing via its website in the first quarter of 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JOHNSON, Emily | Secretary | 2023-08-01 | — | — |
| CARGIL MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2004-02-09 | — | — |
| ANKARBERG, Claes Mattias | Director | 2024-07-01 | Feb 1976 | Swedish |
| HUNT, Marcus Robert | Director | 2024-07-01 | Jan 1981 | British |
| LAWTON, Toby James | Director | 2023-12-15 | Jun 1974 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRADBURY, Peter John | Secretary | 1996-06-12 | 2004-02-27 |
| CARRINGTON, Clive | Secretary | 2019-12-02 | 2023-08-01 |
| DAVIS, John Raymond | Secretary | 1996-06-11 | 1996-06-12 |
| REYNOLDS PORTER CHAMBERLAIN | Corporate Secretary | 1999-02-19 | 2004-02-09 |
| ANDERSSON, Rickard | Director | 2019-05-22 | 2024-07-01 |
| BARKER, Peter Royston | Director | 2011-02-14 | 2012-01-25 |
| BJORSTRAND, Torbjorn Ake Ingemar | Director | 1999-09-22 | 2001-06-25 |
| BRADBURY, Peter John | Director | 1998-02-01 | 2004-02-27 |
| BUTLER, Claire Louise | Director | 2008-07-01 | 2011-12-31 |
| DE GRAAF, Gerrit | Director | 2007-09-26 | 2010-11-10 |
| FOSTER, Michael Derek | Director | 2011-02-14 | 2016-05-31 |
| FOSTER, Michael Derek | Director | 2003-05-01 | 2006-09-25 |
| GUSTAFSSON, Lars | Director | 1996-09-04 | 1997-04-01 |
| HAGELQVIST, Marianne Bonrud | Director | 2020-02-28 | 2020-11-16 |
| HALL, Fredrik | Director | 2003-05-01 | 2004-08-01 |
| HAMBERT, Peter | Director | 1997-04-01 | 1998-02-01 |
| HEDBERG, Lars Johan | Director | 2016-05-31 | 2019-05-22 |
| KRAL, Peter Hans | Director | 2001-08-01 | 2003-05-01 |
| LINDQVIST, Sven Jonas | Director | 2020-11-16 | 2023-12-15 |
| LJUNGOVIST, Stig Ove | Director | 1996-06-28 | 2000-02-22 |
| MARSDEN, Richard William | Director | 2004-08-13 | 2008-09-01 |
| MAURITZSON, Per Lennart | Director | 2016-05-31 | 2020-02-12 |
| OSTER, Theo | Director | 1996-06-28 | 2002-10-11 |
| PETTERSSON, Christer Anders Ingemar | Director | 2008-07-01 | 2010-11-10 |
| RENGELINK, Jan Willem | Director | 2007-09-26 | 2010-11-10 |
| SCHYLIT, Roland | Director | 2003-05-01 | 2006-09-25 |
| SHANKS, Dean Graham | Director | 2011-02-14 | 2013-12-31 |
| SKEPPNER, Ake | Director | 1996-06-28 | 2001-09-01 |
| TORBITT, Michael Craig | Director | 2011-01-04 | 2016-05-31 |
| TOULSON, Alan Kilsha | Director | 1996-06-11 | 1996-06-28 |
| VAN SMIRREN, Peter Richard | Director | 1999-09-01 | 2007-09-26 |
| WARD, Nigel Paul | Director | 2008-07-01 | 2010-11-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thule Holding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 174 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-24 | AA | accounts | Accounts with accounts type full | |
| 2025-06-12 | AA | accounts | Accounts with accounts type full | |
| 2025-06-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-18 | AA | accounts | Accounts with accounts type full | |
| 2024-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-08-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-13 | AA | accounts | Accounts with accounts type full | |
| 2022-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-10 | AA | accounts | Accounts with accounts type full | |
| 2021-07-27 | AA | accounts | Accounts with accounts type full | |
| 2021-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-16 | 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.