THERMO ELECTRON MANUFACTURING LIMITED
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Cash
—
Latest balance sheet
Net assets
£260m
-36.2% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
£2.4m
-86.5% lowest in 3 filed years
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £106,437,000 | £102,783,000 | £97,495,000 | -5.1% | |
| Operating profit | £5,055,000 | -£887,000 | -£11,070,000 | -1,148% | |
| Profit before tax | £22,181,000 | £18,201,000 | £2,449,000 | -86.5% | |
| Net profit | £21,830,000 | £17,687,000 | £2,186,000 | -87.6% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £400,587,000 | £418,239,000 | £270,584,000 | -35.3% | |
| Net assets | £391,579,000 | £407,064,000 | £259,512,000 | -36.2% | |
| Equity | £391,579,000 | £407,064,000 | £259,512,000 | -36.2% | |
| Average employees | 368 | 353 | — | — | |
| Wages | £19,015,000 | £22,523,000 | £21,882,000 | -2.8% | |
| Directors' remuneration | £9,000 | £13,000 | £16,000 | +23.1% | |
| Directors' pension contributions | £1,000 | £17,000 | £17,000 | 0% |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 4.7% | -0.9% | -11.4% | |
| Net margin | 20.5% | 17.2% | 2.2% | |
| Return on capital employed | 1.3% | -0.2% | -4.1% | |
| Gearing (liabilities / total assets) | 22.3% | — | — | |
| Current ratio | 4.86x | 4.93x | 3.63x | |
| Interest cover | — | -0.44x | -6.12x |
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. Sector-distribution context coming next.
Name history
Renamed 4 times since incorporation
- THERMO ELECTRON MANUFACTURING LIMITED 2004-10-04 → present
- THERMO ELECTRON LIMITED 2003-09-25 → 2004-10-04
- THERMO ELECTRON SPECTROSCOPY LIMITED 2002-02-21 → 2003-09-25
- UNICAM LIMITED 1991-04-22 → 2002-02-21
- PYE UNICAM LIMITED 1947-08-30 → 1991-04-22
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company meets its day-to-day working capital requirements through its bank facilities. The current economic conditions continue to create uncertainty over (a) the level of demand for the company's products; and (b) the availability of bank finance for the foreseeable future. The division's forecasts and predictions, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current liabilities. After making enquiries, the directors have a reasonable expectation that the company has access to adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- THERMO ELECTRON MANUFACTURING LIMITED · parent
- GV Instruments Limited 100%
- GV Instruments Inc 100%
Significant events
- “The directors considered and approved a number of principal decisions in the course of managing the Company. These included an investment of £22.0 million in a subsidiary. The directors subsequently considered the recoverability of this investment and, having regard to the relevant facts and circumstances, approved the recognition of an impairment provision of £16.1 million. The directors also considered and approved the cancellation of the Company's £295.4 million share premium account, with the resulting amount transferred to retained earnings.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2009-11-01 | — | — |
| AHMED, Syed Waqas | Director | 2020-03-23 | Nov 1979 | British |
| CAMERON, Euan Daney Ross | Director | 2018-10-31 | Mar 1976 | British |
| GREEN, Georgina Adams | Director | 2024-04-18 | Mar 1970 | British |
| SMITH, Anthony Hugh | Director | 2018-11-12 | May 1962 | American |
| STARR, Alison Jane | Director | 2024-04-18 | Jan 1977 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUTLER, John Victor | Secretary | 1998-12-02 | 2003-02-28 |
| FORBES, Stuart Sanford | Secretary | 1993-03-31 | 1998-12-02 |
| GREGG, Rhona | Secretary | 2015-09-10 | 2026-03-31 |
| TURNER, Richard William | Secretary | — | 1993-03-31 |
| WARD, Nicola Jane | Secretary | 2003-02-28 | 2014-12-18 |
| A G SECRETARIAL LIMITED | Corporate Secretary | 2003-10-22 | 2009-10-31 |
| BURCH, Jonathan | Director | 2001-08-31 | 2003-03-24 |
| CLARKSTONE, Brian Peter | Director | 2001-08-31 | 2006-03-31 |
| COLEY, James Robert Ewen | Director | 2002-02-12 | 2012-04-18 |
| GRANT, Lucie Mary Katja | Director | 2013-02-07 | 2019-12-03 |
| HEMMING, John Hodson | Director | 1994-12-14 | 2004-06-30 |
| HILTON, Clive Bramwell | Director | — | 1996-06-28 |
| HOUSE, John Anthony | Director | — | 1994-12-14 |
| INCE, Nicholas | Director | 2015-09-10 | 2018-10-31 |
| KENNEDY, William Joseph | Director | — | 1995-12-01 |
| LEWIS, Earl Ray | Director | 1996-04-26 | 2000-07-10 |
| MOODIE, Iain Alasdair Keith | Director | 2012-04-18 | 2013-02-07 |
| NORMAN, David John | Director | 2015-11-16 | 2024-04-18 |
| PERKINS, James Ian | Director | 2003-02-28 | 2004-12-01 |
| ROSENTHAL, Robert Joseph, Dr | Director | 1996-04-26 | 1999-03-30 |
| SCHUEPPERT, Charles Clancy | Director | 1996-04-26 | 1999-05-13 |
| SHORTER, Maurice James | Director | 1998-12-02 | 2001-08-31 |
| TURNER, Richard William | Director | — | 1993-03-31 |
| WHEELER, Kevin Neil | Director | 2002-02-12 | 2015-11-16 |
| WRIGHT, Katie Rose | Director | 2010-12-01 | 2015-09-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thermo Fisher Scientific Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-05-10 | Active |
| Thermo Shandon Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2019-05-10 |
Filing timeline
Last 20 of 236 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type full | |
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-31 | AA | accounts | Accounts with accounts type full | |
| 2025-05-12 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-05-12 | SH20 | capital | Legacy | |
| 2025-05-12 | CAP-SS | insolvency | Legacy | |
| 2025-05-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-21 | AA | accounts | Accounts with accounts type full | |
| 2024-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-05-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-06 | AA | accounts | Accounts with accounts type full | |
| 2022-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-30 | AA | accounts | Accounts with accounts type full | |
| 2021-09-24 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- 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.