DIAMOND POWER SPECIALTY LIMITED
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Cash
£488k
-58.7% vs 2023
Net assets
£29m
+4.3% vs 2023
Employees
118
-4.8% vs 2023
Profit before tax
£2m
+35.8% 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 | £17,619,000 | £12,089,000 | -31.4% | |
| Operating profit | £79,000 | £904,000 | +1,044.3% | |
| Profit before tax | £1,478,000 | £2,007,000 | +35.8% | |
| Net profit | £1,197,000 | £1,598,000 | +33.5% | |
| Cash | £1,181,000 | £488,000 | -58.7% | |
| Total assets less current liabilities | £29,462,000 | £29,818,000 | +1.2% | |
| Net assets | £27,664,000 | £28,856,000 | +4.3% | |
| Equity | £27,664,000 | £28,856,000 | +4.3% | |
| Average employees | 124 | 118 | -4.8% | |
| Wages | £4,985,000 | £4,816,000 | -3.4% | |
| Directors' remuneration | £153,000 | £202,000 | +32% | |
| Directors' pension contributions | £9,000 | £12,000 | +33.3% | |
| Highest paid director | £153,492 | £187,745 | +22.3% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 0.4% | 7.5% | |
| Net margin | 6.8% | 13.2% | |
| Return on capital employed | 0.3% | 3.0% | |
| Gearing (liabilities / total assets) | 25.3% | 19.5% | |
| Current ratio | 4.35x | 5.32x |
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
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Following this assessment, the directors have concluded that there are no material uncertainties in respect of going concern and, hence, these financial statements have been prepared on a going concern basis.”
Group structure
- DIAMOND POWER SPECIALTY LIMITED · parent
- Diamond Power Sweden AB 100%
- Diamond Power Finland OY 100%
- Diamond Power Germany GmbH 100%
- Diamond Power Central & Eastern Europe SRO 90%
Significant events
- “The Company finished the year with an adequate order book and the directors are confident that the Company returned an underlying profit, excluding one-off costs due to sale of parent company, during 2025. The directors are confident that the Company will remain profitable in 2026.”
- “From 1st August 2025 the Company is now part of the Andritz AG Group and will utilise group policies and group resources as they previously did when part of the B&W Group.”
- “On July 31st, 2025, Babcock & Wilcox Enterprises Inc sold Diamond Power International LLC, including its subsidiaries and manufacturing locations to Andritz AG. The new ultimate parent undertaking is Andritz AG, Statteggar Strasse 18, 8045 Graz, Vienna. Prior to the change of ultimate shareholding a dividend of £8,867,658 was paid to Babcock & Wilcox Enterprises Inc.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PAUL, Christopher James | Secretary | 2017-11-30 | — | — |
| LENZI, John Amleto | Director | 2019-11-14 | Mar 1963 | British |
| MICHAEL, Michael Phillip | Director | 2018-02-07 | Aug 1964 | American |
| SNEDDON, Alan Angus | Director | 2024-11-15 | Mar 1979 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BILSLAND, Andrew | Secretary | — | 1999-07-19 |
| MURPHY, John Peter | Secretary | 1999-07-19 | 2007-08-24 |
| ROBINSON, William Douglas | Secretary | 2007-08-24 | 2017-11-30 |
| BARR, Maurice James | Director | 2013-06-27 | 2016-03-15 |
| BARR, Maurice James | Director | 2009-04-21 | 2012-10-18 |
| BILSLAND, Andrew | Director | 1996-09-26 | 1996-12-18 |
| BLACK, Leroy | Director | — | 1998-08-03 |
| BLACKADDER, Thomas Scott | Director | — | 1994-05-17 |
| CARTER, Hudson Randolph | Director | — | 1993-11-10 |
| CLESSURAS, George J | Director | 1995-05-03 | 1998-08-03 |
| COCHRANE, Gary Campbell | Director | 2018-06-11 | 2024-11-15 |
| COMPETTI, Eileen Marie | Director | 2001-02-01 | 2013-06-27 |
| COX, Duncan Graham | Director | 1995-06-30 | 1998-03-03 |
| FEES, John | Director | 1994-09-26 | 1997-02-01 |
| FROST, Martyn Robert | Director | 1994-12-03 | 1998-03-03 |
| GOVERS, Richard Adie | Director | — | 1995-05-03 |
| HAIKOLA, Mika Jaakko | Director | 2013-06-27 | 2019-11-14 |
| KELLER, David Lee | Director | 2001-04-02 | 2005-06-06 |
| KELLER, David Lee | Director | 1997-02-01 | 2001-02-01 |
| KULIG, James Stanley | Director | — | 1994-09-26 |
| LACE, John Herbert | Director | — | 1994-05-17 |
| LANGLEY, Donald Clark | Director | 2005-06-06 | 2013-06-27 |
| LAW, David Gordon | Director | 1994-05-17 | 1994-11-25 |
| MATTSSON, Hans-Erik | Director | 1996-12-18 | 2005-02-28 |
| MOSKAL, Thomas Eugene | Director | 2005-02-28 | 2009-04-21 |
| NAISMITH, Allan Robert | Director | — | 1996-09-26 |
| PERRONE, Paul Edward | Director | — | 1993-11-10 |
| PROSSER, John Richard | Director | — | 1994-05-17 |
| SHEERIN, Paul | Director | 2017-04-01 | 2018-02-07 |
| SIMMONS, Harold Lester | Director | — | 1992-11-18 |
| THOMPSON, John Charles, Mr. | Director | 2012-10-18 | 2018-03-16 |
| WOOD, James Francis | Director | 1998-08-03 | 2001-04-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Diamond Power International Inc | Corporate entity | Shares 75–100% | 2017-01-13 | Active |
Filing timeline
Last 20 of 174 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-10 | AA | accounts | Accounts with accounts type full | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-26 | CH01 | officers | Change person director company with change date | |
| 2024-12-06 | AA | accounts | Accounts with accounts type full | |
| 2024-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-13 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-03-12 | AA | accounts | Accounts with accounts type full | |
| 2024-03-12 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-17 | AA | accounts | Accounts with accounts type full | |
| 2022-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-07 | AA | accounts | Accounts with accounts type full | |
| 2021-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-25 | AA | accounts | Accounts with accounts type full | |
| 2020-06-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-15 | CH01 | officers | Change person director company with change date | |
| 2020-06-15 | CH01 | officers | Change person director company with change date | |
| 2019-11-14 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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.