POWERTRAIN SERVICES UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-15 (in 4mo)
Last made up 2025-09-01
Watchouts
Cash
£9K
-97.2% vs 2023
Net assets
-£2M
-297.6% vs 2023
Employees
2
-33.3% vs 2023
Profit before tax
-£3M
-14.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The financial statements have not been prepared on a going concern basis since it is the intention of Management to liquidate the Company as soon as the liquidation arrangements can be made.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £1,226,747 | £113,442 | |
| Operating profit | — | — | — | — | -£807,290 | -£5,548,085 | |
| Profit before tax | — | — | — | — | -£2,767,389 | -£3,167,125 | |
| Net profit | — | — | — | — | -£2,767,389 | -£3,167,125 | |
| Cash | — | — | — | — | £327,808 | £9,189 | |
| Total assets less current liabilities | — | — | — | — | £1,064,153 | -£2,102,972 | |
| Net assets | — | — | — | — | £1,064,153 | -£2,102,972 | |
| Equity | £11,139,647 | £12,954,518 | £13,312,091 | £3,831,542 | £1,064,153 | -£2,102,972 | |
| Average employees | — | — | — | — | 3 | 2 | |
| Wages | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-90.8%
£1,226,747 £113,442
-
Cash
-97.2%
£327,808 £9,189
-
Net assets
-297.6%
£1,064,153 -£2,102,972
-
Employees
-33.3%
3 2
-
Operating profit
-587.2%
-£807,290 -£5,548,085
-
Profit before tax
-14.4%
-£2,767,389 -£3,167,125
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -65.8% | — | |
| Return on capital employed | — | — | — | — | -75.9% | 263.8% | |
| Gearing (liabilities / total assets) | — | — | — | — | 84.6% | 168.0% | |
| Current ratio | — | — | — | — | 1.13x | 0.24x | |
| Interest cover | — | — | — | — | -4.16x | -45.12x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 7 times since incorporation
- POWERTRAIN SERVICES UK LIMITED 2018-10-08 → present
- GKN OFFHIGHWAY LIMITED 2010-08-10 → 2018-10-08
- GKN OFFHIGHWAY SYSTEMS LIMITED 2007-03-02 → 2010-08-10
- J.J. HABERSHON & SONS LIMITED 2007-02-02 → 2007-03-02
- THE LEARNING GRID LIMITED 2006-06-27 → 2007-02-02
- J.J. HABERSHON & SONS LIMITED 2001-08-01 → 2006-06-27
- GKN HOLDINGS LIMITED 2001-06-06 → 2001-08-01
- J.J.HABERSHON & SONS LIMITED 1920-12-04 → 2001-06-06
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Harts Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have not been prepared on a going concern basis since it is the intention of Management to liquidate the Company as soon as the liquidation arrangements can be made.”
Group structure
- POWERTRAIN SERVICES UK LIMITED · parent
- Powertrain Services (UK Newco) Ltd 100%
- Walterscheid Brasil Industria De Equipamentos Agricolas Ltda. 84.35%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PALMIERI, Stefano | Director | 2021-12-01 | Jan 1968 | Italian |
| PORTER, Andrew | Director | 2018-09-18 | Feb 1974 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRAWFORD, Jonathon Colin Fyfe | Secretary | 2018-05-15 | 2019-06-26 |
| DAVIS, John Anthony | Secretary | 1993-06-30 | 1995-03-24 |
| FELTON, Judith Mary | Secretary | 1995-03-24 | 2009-05-07 |
| NEWTON, Richard Bowstead | Secretary | — | 1993-06-30 |
| STOTE, Tanya | Secretary | 2009-05-07 | 2012-02-22 |
| GKN GROUP SERVICES LIMITED | Corporate Secretary | 2012-02-22 | 2019-06-26 |
| ALLEN, Robert Michael | Director | 2006-01-01 | 2011-10-28 |
| BARNES, Garry Elliot | Director | 2018-05-15 | 2019-06-26 |
| CRAWFORD, Jonathon Colin Fyfe | Director | 2018-05-15 | 2019-06-26 |
| DAVIS, John Anthony | Director | 1993-06-30 | 1995-03-24 |
| DENHAM, Grey | Director | 1995-03-24 | 1995-10-31 |
| FELTON, Judith Mary | Director | 1995-03-24 | 2009-05-07 |
| FEUERBAUM, Karin | Director | 2019-06-26 | 2021-12-01 |
| LEMSER, Wolfgang | Director | 2019-06-26 | 2021-12-01 |
| LEMSER, Wolfgang | Director | 2019-06-26 | 2023-07-01 |
| MORGAN, Geoffrey Damien | Director | 2018-05-15 | 2019-06-26 |
| NEWTON, Richard Bowstead | Director | — | 1993-06-30 |
| OGILVIE SMALS, Rufus Alexander | Director | 1995-11-01 | 2011-12-19 |
| PORRITT, Kerry Anne Abigail | Director | 2012-02-22 | 2012-09-13 |
| PORTER, Andrew | Director | 2018-09-18 | 2021-12-01 |
| RADFORD, David Neale Gordon | Director | 2011-12-19 | 2018-05-20 |
| RICHARDS, Matthew John | Director | 2018-05-15 | 2019-06-26 |
| ROOD, David Leonard | Director | 1995-03-24 | 2005-12-31 |
| SHEPPARD, Mark Robert Hugh | Director | 1993-03-31 | 1995-03-24 |
| STEPHENS, Nigel John | Director | 2011-10-28 | 2017-12-20 |
| STOKES, Michael Donald Gresham | Director | — | 1993-03-31 |
| STOTE, Tanya | Director | 2009-05-07 | 2012-02-22 |
| TAYLOR, Simon Jonathan | Director | 2021-12-01 | 2023-07-01 |
| TAYLOR, Simon Jonathan | Director | 2018-09-18 | 2021-12-01 |
| WATSON, Kerry Anne | Director | 2012-09-13 | 2018-04-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wpg Uk Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-01 | Active |
| Mr David Han | Individual | Significant influence | 2019-06-25 | Ceased 2021-12-01 |
| Mr Richard Cashin | Individual | Significant influence | 2019-06-25 | Ceased 2021-12-01 |
| Gkn Industries Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-11-13 | Ceased 2019-06-25 |
| Gkn Enterprise Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-11-13 |
Filing timeline
Last 20 of 209 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-24 | AA | accounts | Accounts with accounts type full | |
| 2025-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-24 | AA | accounts | Accounts with accounts type full | |
| 2024-09-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-09-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-28 | AA | accounts | Accounts with accounts type full | |
| 2022-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-02-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-02-03 | AP01 | officers | Appoint person director company with name date |
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.