GAS TURBINE EFFICIENCY LIMITED
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Cash
£69K
USD 92,000
+1.1% highest in 3 filed years
Net assets
£27M
USD 35,579,000
+20% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£2.8M
USD 3,688,000
+64.6% highest in 3 filed years
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 | — | — | — | — | |
| Operating profit | -£1,542,896 | -£1,971,852 | -£2,480,162 | -25.8% | |
| Profit before tax | £2,061,686 | £1,676,898 | £2,760,892 | +64.6% | |
| Net profit | £1,210,511 | £745,621 | £1,450,816 | +94.6% | |
| Cash | £68,124 | £68,124 | £68,873 | +1.1% | |
| Total assets less current liabilities | £21,444,078 | £22,189,699 | £26,634,975 | +20% | |
| Net assets | £21,444,078 | £22,189,699 | £26,634,975 | +20% | |
| Equity | £21,444,078 | £22,189,699 | £23,640,515 | +6.5% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | — | — |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | -7.2% | -8.9% | -9.3% | |
| Current ratio | 26.30x | 25.32x | 11.64x |
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 2 times since incorporation
- GAS TURBINE EFFICIENCY LIMITED 2011-04-18 → present
- GAS TURBINE EFFICIENCY PLC 2005-11-22 → 2011-04-18
- GAS TURBINE EFFICIENCY LIMITED 2005-03-17 → 2005-11-22
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that preparing the financial statements on the going concern basis remains appropriate due to the continued financial support of the parent company, Ethos Energy Group Limited. The directors have received confirmation that Ethos Energy Group Limited intend to support the company for at least one year after these financial statements are signed.”
Group structure
- GAS TURBINE EFFICIENCY LIMITED · parent
- Gas Turbine Efficiency Sweden AB 100%
- Gas Turbine Efficiency Inc 100%
- Gas Turbine Efficiency LLC 100%
- Gas Turbine Efficiency AB 100%
Significant events
- “In May 2026, the company completed the sale of its entire shareholding in Gas Turbine Efficiency Inc and its subsidiaries, thereby fully exiting its investment in those entities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELDER, Catherine | Director | 2014-08-22 | Aug 1969 | Irish |
| JESSIMAN, Scott | Director | 2020-02-20 | Dec 1970 | British |
| MUSE, Michael Joseph | Director | 2024-04-05 | Aug 1973 | American |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, Robbie | Secretary | 2011-10-01 | 2014-05-06 |
| HAMILTON, Hugh Campbell, Mr. | Secretary | 2005-11-15 | 2006-01-31 |
| MCGREGOR, Alister James | Secretary | 2014-05-06 | 2020-02-20 |
| NORDGREN, Magnus | Secretary | 2006-01-31 | 2006-04-11 |
| LONDON REGISTRARS P.L.C. | Corporate Secretary | 2006-04-11 | 2011-10-01 |
| WCPHD SECRETARIES LIMITED | Corporate Secretary | 2005-03-17 | 2005-11-15 |
| AVERY, Frank Garfield | Director | 2011-10-01 | 2016-09-26 |
| BRYANT, John | Director | 2005-06-21 | 2010-01-04 |
| CAMERON, Charles Robert Macmartin | Director | 2008-04-15 | 2010-08-04 |
| COLISTRA, Vincent Joseph | Director | 2011-04-18 | 2011-10-01 |
| DOBLER, Mark Stephen | Director | 2012-06-29 | 2014-08-22 |
| DOTTS, Kevin Mark | Director | 2009-11-04 | 2010-04-02 |
| GRANT, John Albert Martin | Director | 2010-01-04 | 2011-10-01 |
| LAGARHUS, Otto | Director | 2005-06-21 | 2011-04-18 |
| MAPPLEBECK, John Richard | Director | 2010-08-04 | 2011-10-01 |
| MOWINCKEL, Frederik Wilhelm | Director | 2011-04-18 | 2011-10-01 |
| NORDGREN, Magnus Fredrik | Director | 2005-06-21 | 2009-11-04 |
| PAPWORTH, Mark Harry | Director | 2011-10-01 | 2012-06-29 |
| RITCHIE, Amanda Denise | Director | 2020-02-20 | 2021-11-15 |
| TELANDER, Gunnar Frederic Gabriel | Director | 2005-03-17 | 2008-05-29 |
| TELANDER, Jan Gunnar Gunnarsson | Director | 2005-03-17 | 2008-05-29 |
| WARE, Michael Daniel | Director | 2011-04-26 | 2011-10-01 |
| WATSON, Christopher Edward Milne | Director | 2011-10-01 | 2020-02-20 |
| ZIKE, Harry Walter | Director | 2010-07-01 | 2011-10-01 |
| ZWOLINSKI, Steven Edward | Director | 2005-10-04 | 2024-04-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ethos Energy Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 211 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-22 RESOLUTIONS Resolution
- 2025-03-14 MA Memorandum articles
- 2025-03-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-24 | AA | accounts | Accounts with accounts type full | |
| 2026-06-22 | SH20 | capital | Legacy | |
| 2026-06-22 | CAP-SS | insolvency | Legacy | |
| 2026-06-22 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-12 | SH01 | capital | Capital allotment shares | |
| 2026-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-29 | AA | accounts | Accounts with accounts type full | |
| 2025-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-14 | MA | incorporation | Memorandum articles | |
| 2025-03-14 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-14 | AA | accounts | Accounts with accounts type full | |
| 2024-04-30 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-08 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- 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.