NIO PERFORMANCE ENGINEERING LIMITED
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Cash
£5.4M
+49.2% vs 2023
Net assets
£3.2M
+14.5% vs 2023
Employees
52
-8.8% vs 2023
Profit before tax
£26K
-96.7% 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 | £11,273,219 | £10,365,142 | -8.1% | |
| Operating profit | £802,221 | £51,069 | -93.6% | |
| Profit before tax | £769,169 | £25,673 | -96.7% | |
| Net profit | £509,082 | -£36,080 | -107.1% | |
| Cash | £3,621,151 | £5,401,181 | +49.2% | |
| Total assets less current liabilities | £2,769,538 | £3,171,327 | +14.5% | |
| Net assets | £2,769,538 | £3,171,327 | +14.5% | |
| Equity | £2,769,538 | £3,171,327 | +14.5% | |
| Average employees | 57 | 52 | -8.8% | |
| Wages | £5,376,939 | £5,153,470 | -4.2% | |
| Directors' remuneration | — | £184,359 | — |
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 | 7.1% | 0.5% | |
| Net margin | 4.5% | -0.3% | |
| Return on capital employed | 29.0% | 1.6% | |
| Current ratio | 1.27x | 1.39x | |
| Interest cover | 23.96x | 2.31x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- UHY Ross Brooke, Statutory Auditor
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Significant events
- “ONVO, our family-oriented smart electric vehicle brand launched in May 2024”
- “Firefly, our small, smart, high-end electric car brand, was launched in December 2024”
- “the official launch of the firefly vehicle model is expected in April 2025”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TEOBALDI, Danilo | Director | 2020-02-01 | Mar 1973 | Italian |
| ZHANG, Hui | Director | 2019-07-23 | Oct 1972 | German |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRICHTON, Michael Hannam | Secretary | 2019-07-23 | 2019-10-11 |
| OHS SECRETARIES LIMITED | Corporate Secretary | 2020-01-31 | 2022-07-22 |
| WALKER, Robert Eric | Director | 2019-07-23 | 2020-01-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nio Inc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-07-23 | Active |
Filing timeline
Last 20 of 31 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-20 | AA | accounts | Accounts with accounts type full | |
| 2024-08-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-07 | CH01 | officers | Change person director company with change date | |
| 2024-05-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-08-07 | CH01 | officers | Change person director company with change date | |
| 2023-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-04 | AD04 | address | Move registers to registered office company with new address | |
| 2023-08-04 | CH01 | officers | Change person director company with change date | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-07-22 | AD04 | address | Move registers to registered office company with new address | |
| 2022-07-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-07-12 | CH04 | officers | Change corporate secretary company with change date | |
| 2021-09-01 | AA | accounts | Accounts with accounts type full | |
| 2021-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-09 | AA | accounts | Accounts with accounts type full |
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.