POWER ELECTRICS (HOLDINGS) LIMITED
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Cash
£3.7M
-31.6% vs 2024
Net assets
£14M
-53.5% lowest in 3 filed years
Employees
265
+3.1% highest in 3 filed years
Profit before tax
£9.5M
+9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs 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 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £46,432,550 | £56,708,269 | +22.1% | |
| Operating profit | — | £9,246,951 | £10,430,361 | +12.8% | |
| Profit before tax | — | £8,712,694 | £9,495,955 | +9% | |
| Net profit | — | £6,573,509 | £7,008,907 | +6.6% | |
| Cash | — | £5,414,256 | £3,702,167 | -31.6% | |
| Total assets less current liabilities | £50,692,500 | £38,701,925 | £34,584,391 | -10.6% | |
| Net assets | — | £29,610,744 | £13,775,752 | -53.5% | |
| Equity | £50,692,500 | £29,610,744 | £13,775,752 | -53.5% | |
| Average employees | 254 | 257 | 265 | +3.1% | |
| Wages | — | £10,567,931 | £13,458,550 | +27.4% | |
| Directors' remuneration | — | £600,000 | £769,504 | +28.3% |
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 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | — | 19.9% | 18.4% | |
| Net margin | — | 14.2% | 12.4% | |
| Return on capital employed | — | 23.9% | 30.2% | |
| Current ratio | — | 1.25x | 1.06x | |
| Interest cover | — | 13.35x | 9.83x |
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
- POWER ELECTRICS (HOLDINGS) LIMITED 2021-07-08 → present
- FCLS RM 15 LIMITED 2021-04-30 → 2021-07-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider it appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- POWER ELECTRICS (HOLDINGS) LIMITED · parent
- Power Electrics (Bristol) Limited 100%
Significant events
- “On 17 October 2024, the ownership of the group was transferred to an Employee Ownership Trust.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JORDAN, Andrew James | Secretary | 2025-03-03 | — | — |
| HOLLAND, Brian Desmond | Director | 2024-10-17 | Nov 1967 | British |
| JORDAN, Andrew James | Director | 2025-03-03 | Jun 1979 | British |
| PULLIN, Andrew James | Director | 2021-05-01 | Jan 1968 | British |
| SLEE, Daniel James Warren | Director | 2024-10-17 | Sep 1972 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JENKINS, Anthony Phillip | Secretary | 2021-07-01 | 2025-03-03 |
| BLACKMORE, Steven John | Director | 2021-04-30 | 2021-04-30 |
| JENKINS, Anthony Phillip | Director | 2021-07-01 | 2026-01-16 |
| PULLIN, John Robert | Director | 2021-07-01 | 2024-10-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Power Electrics (Eot Trustee) Limited | Corporate entity | Shares 75–100%, Voting 75–100% (as trust), Appoints directors | 2024-10-17 | Active |
| Mr John Robert Pullin | Individual | Shares 25–50%, Voting 25–50% | 2021-07-01 | Ceased 2024-10-17 |
| Mr Andrew James Pullin | Individual | Shares 25–50%, Voting 25–50% | 2021-06-17 | Ceased 2024-10-17 |
| Steven John Blackmore | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-04-30 | Ceased 2021-05-21 |
Filing timeline
Last 20 of 50 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-02-23 RESOLUTIONS Resolution
- 2023-02-23 RESOLUTIONS Resolution
- 2023-02-23 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | AA | accounts | Accounts with accounts type group | |
| 2025-09-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-20 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-03-19 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-20 | AA | accounts | Accounts with accounts type group | |
| 2024-10-30 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-13 | AA | accounts | Accounts with accounts type group | |
| 2023-05-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-23 | RESOLUTIONS | resolution | Resolution | |
| 2023-02-23 | RESOLUTIONS | resolution | Resolution | |
| 2023-02-23 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.