INDUSTRIAL TURBINE COMPANY (UK) LIMITED
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Cash
£3.2m
+5,866% highest in 3 filed years
Net assets
£265m
-1.7% vs 2024
Employees
—
Average over period
Profit before tax
-£555k
-100.9% lowest in 3 filed years
Watch the reel
Our short-form breakdown of INDUSTRIAL TURBINE COMPANY (UK) LIMITED's latest filing
Siemens Energy's UK repair arm took a massive hit to its gross profit this year, swinging the £336m business into an operating loss. 📉 #SiemensEnergy #ManufacturingUK #BusinessNews #CompanyAccounts
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £313,535,000 | £360,743,000 | £336,004,000 | -6.9% | |
| Operating profit | £51,386,000 | £58,006,000 | -£4,454,000 | -107.7% | |
| Profit before tax | £54,367,000 | £62,840,000 | -£555,000 | -100.9% | |
| Net profit | £40,741,000 | £46,409,000 | -£2,719,000 | -105.9% | |
| Cash | £0 | £53,000 | £3,162,000 | +5,866% | |
| Total assets less current liabilities | £272,644,000 | £279,679,000 | £306,674,000 | +9.7% | |
| Net assets | £258,491,000 | £269,162,000 | £264,686,000 | -1.7% | |
| Equity | £258,491,000 | £269,162,000 | £264,686,000 | -1.7% | |
| Average employees | 384 | 390 | — | — | |
| Wages | £27,195,000 | £28,609,000 | £28,594,000 | -0.1% | |
| Directors' remuneration | £247,000 | £142,000 | £149,000 | +4.9% |
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 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Operating margin | 16.4% | 16.1% | -1.3% | |
| Net margin | 13.0% | 12.9% | -0.8% | |
| Return on capital employed | 18.8% | 20.7% | -1.5% | |
| Gearing (liabilities / total assets) | 33.7% | 26.8% | 37.2% | |
| Current ratio | 2.21x | 2.72x | 2.52x | |
| Interest cover | — | — | -28.92x |
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
- INDUSTRIAL TURBINE COMPANY (UK) LIMITED 2014-05-23 → present
- AGHOCO 1216 LIMITED 2014-04-22 → 2014-05-23
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Significant events
- “As of December 31, 2025 Siemens Energy AG acquired 100% ownership of existing joint ventures RWG (Repairs & Overhauls) Ltd and RWG (Repair & Overhauls) Inc. In the UK, RWG (Repairs & Overhauls) Ltd will continue the existing relationship with the Company and act as a major overhaul and repair centre.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| O'BRIEN, Philip Paul | Secretary | 2021-04-15 | — | — |
| DAVIDSON, Darren John | Director | 2024-01-01 | Aug 1972 | British |
| KEYZER-DEAN, Ross Llyod | Director | 2023-07-03 | Feb 1976 | British |
| O'BRIEN, Philip Paul | Director | 2022-10-01 | Apr 1981 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARLESS, Helen Claire | Secretary | 2014-12-01 | 2016-08-01 |
| DAVINA, Simone Eufemia Agatha | Secretary | 2016-08-02 | 2021-04-15 |
| GOMA, Delrose Joy | Secretary | 2014-05-23 | 2014-12-01 |
| A G SECRETARIAL LIMITED | Corporate Secretary | 2014-04-22 | 2014-05-23 |
| BYRNE, Brian Dara | Director | 2014-12-01 | 2018-02-01 |
| CLAYTON, Hugh Robert | Director | 2014-05-23 | 2014-12-01 |
| DAVINA, Simone Eufemia Agatha | Director | 2021-04-15 | 2022-10-01 |
| GRAY, James | Director | 2014-05-23 | 2014-12-01 |
| GRAY, Michael Paul | Director | 2014-12-01 | 2023-07-03 |
| HART, Roger | Director | 2014-04-22 | 2014-05-23 |
| HOPKINSON, Gareth James | Director | 2014-05-23 | 2014-12-01 |
| JAROS, Richard | Director | 2018-02-01 | 2021-04-15 |
| MARTLE, Simon David | Director | 2014-05-23 | 2014-12-01 |
| SCRIMSHAW, Stephen | Director | 2021-04-15 | 2024-01-01 |
| A G SECRETARIAL LIMITED | Corporate Director | 2014-04-22 | 2014-05-23 |
| INHOCO FORMATIONS LIMITED | Corporate Nominee Director | 2014-04-22 | 2014-05-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Siemens Energy Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-09-01 | Ceased 2025-09-01 |
| Siemens Energy Industrial Turbomachinery Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 77 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-29 | AA | accounts | Accounts with accounts type full | |
| 2026-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-05 | AA | accounts | Accounts with accounts type full | |
| 2025-09-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-06 | AA | accounts | Accounts with accounts type full | |
| 2024-01-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-03 | AA | accounts | Accounts with accounts type full | |
| 2022-10-31 | CH01 | officers | Change person director company with change date | |
| 2022-10-04 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-06-06 | CH01 | officers | Change person director company with change date | |
| 2022-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.