TEAM INDUSTRIAL SERVICES (UK) LIMITED
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Cash
£517K
-63.8% vs 2023
Net assets
£37M
+9.1% vs 2023
Employees
275
+1.5% vs 2023
Profit before tax
£3.7M
-37.6% 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 | £41,795,000 | £38,699,000 | -7.4% | |
| Operating profit | £7,748,000 | £5,258,000 | -32.1% | |
| Profit before tax | £5,971,000 | £3,724,000 | -37.6% | |
| Net profit | £4,065,000 | £2,825,000 | -30.5% | |
| Cash | £1,428,000 | £517,000 | -63.8% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £34,036,000 | £37,147,000 | +9.1% | |
| Equity | £34,036,000 | £37,147,000 | +9.1% | |
| Average employees | 271 | 275 | +1.5% | |
| Wages | £14,092,000 | £14,864,000 | +5.5% | |
| Directors' remuneration | £149,000 | £164,000 | +10.1% |
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 | 18.5% | 13.6% | |
| Net margin | 9.7% | 7.3% | |
| Current ratio | 2.31x | 2.56x | |
| Interest cover | 3.95x | 3.03x |
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 3 times since incorporation
- TEAM INDUSTRIAL SERVICES (UK) LIMITED 2019-01-02 → present
- TEAMFURMANITE LIMITED 2016-12-30 → 2019-01-02
- TEAM FURMANITE LIMITED 2016-12-23 → 2016-12-30
- FURMANITE INTERNATIONAL LIMITED 1929-04-15 → 2016-12-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- TEAM INDUSTRIAL SERVICES (UK) LIMITED · parent
- Furmanite West Africa Limited 100%
- Furmanite Middle East SPC 100%
Significant events
- “Exceptional items relate to the dissolution of Furmanite China in 2023 requiring write off of intercompany receivables to the value of £111k during the previous year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DIXON, Rachel | Secretary | 2017-06-29 | — | — |
| ACOSTA, Matthew Emmanuel | Director | 2021-12-07 | May 1969 | American |
| DESBOROUGH, Sally | Director | 2022-04-01 | Sep 1981 | British |
| HAIGHT, Nelson Maurice | Director | 2025-01-18 | Mar 1965 | American |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAXTER, Timothy John | Secretary | — | 1992-06-01 |
| BLACKWELL, Eric Stuart | Secretary | 2004-07-26 | 2017-06-29 |
| OWEN, Kevin John | Secretary | 1996-04-17 | 2000-02-16 |
| SMITH, Chester Donald | Secretary | 2001-07-17 | 2004-07-25 |
| VAN EUPEN, Barry | Secretary | 1992-06-01 | 1996-04-17 |
| WESTURN, Stephen | Secretary | 2000-02-16 | 2001-07-18 |
| ATKINS, David John Farquhar | Director | — | 1993-04-13 |
| BALL, Susan M | Director | 2018-12-03 | 2021-12-07 |
| BOANE, Greg Lee | Director | 2016-12-31 | 2018-12-02 |
| BOUCHARD, Andre Charles | Director | 2016-12-31 | 2025-01-18 |
| BROWN, Paul | Director | 2006-07-01 | 2012-07-02 |
| CASHELL, Thomas Spencer | Director | 1992-01-21 | 1996-07-21 |
| CHICK, Charles James | Director | 2002-01-29 | 2006-02-01 |
| COOPER, Christopher Norman | Director | — | 1992-08-17 |
| DESDIN, Miguel Alfredo | Director | 2009-04-14 | 2009-12-31 |
| HAND, Ivan Lionel | Director | 1999-05-05 | 1999-12-01 |
| HERBERT, Bruce | Director | 1996-05-08 | 1999-05-04 |
| JARVIS, Jonathon Anthony | Director | 2015-11-01 | 2022-04-01 |
| LAHEY, Joseph | Director | 1996-05-08 | 2002-01-28 |
| MILLIRON, Joseph | Director | 2006-02-01 | 2015-11-01 |
| MUFF, Robert | Director | 2009-12-31 | 2016-03-01 |
| NICHOLLS, Antony Roy | Director | 2003-05-12 | 2006-07-01 |
| OPIE, Norman | Director | 1993-01-18 | 1996-07-31 |
| RENTON, Christopher George | Director | 1996-07-10 | 1999-04-26 |
| ROBERTS, Ivor | Director | 1999-05-05 | 2005-02-28 |
| VAN EUPEN, Barry | Director | 1992-06-01 | 1996-04-17 |
| WADSWORTH, Howard Claude | Director | 1996-05-08 | 2009-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Furmanite 1986 | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 231 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-24 | AA | accounts | Accounts with accounts type full | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-08 | AA | accounts | Accounts with accounts type full | |
| 2024-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-18 | AUD | auditors | Auditors resignation company | |
| 2023-11-14 | AA | accounts | Accounts with accounts type full | |
| 2023-02-28 | AA | accounts | Accounts with accounts type full | |
| 2023-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-18 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2022-06-23 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-23 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-28 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-02 | AA | accounts | Accounts with accounts type full | |
| 2021-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-23 | 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.