ITW LIMITED
Operating as the UK subsidiary of the global Illinois Tool Works group, the company manufactures industrial equipment, chemicals, and plastics under numerous trading names including Hobart, Avery Weigh-Tronix, and Foster Refrigerator.
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Cash
£14m
-28.1% lowest in 3 filed years
Net assets
£1.1bn
+3.9% vs 2024
Employees
1,836
-3.1% lowest in 3 filed years
Profit before tax
£179m
-67% lowest in 3 filed years
Watch the reel
Our short-form breakdown of ITW LIMITED's latest filing
A sharp contraction at ITW Limited, the UK manufacturing arm of the US industrial giant. Turnover fell 42% to £429m, and operating profit dropped 80% — but massive finance income and a £153m dividend kept the cash flowing. 🏭📉
Net assets
3-year trend · vs Basic Materials 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 | £871,696,000 | £744,087,000 | £429,041,000 | -42.3% | |
| Operating profit | £174,070,000 | £144,407,000 | £28,705,000 | -80.1% | |
| Profit before tax | £287,563,000 | £541,446,000 | £178,790,000 | -67% | |
| Net profit | £258,078,000 | £488,039,000 | £177,086,000 | -63.7% | |
| Cash | £66,225,000 | £18,825,000 | £13,544,000 | -28.1% | |
| Total assets less current liabilities | £2,864,472,000 | £1,579,571,000 | £1,609,191,000 | +1.9% | |
| Net assets | £1,540,235,000 | £1,031,614,000 | £1,072,359,000 | +3.9% | |
| Equity | £1,540,235,000 | £1,031,614,000 | £1,072,359,000 | +3.9% | |
| Average employees | 1,921 | 1,895 | 1,836 | -3.1% | |
| Wages | £87,853,000 | £81,814,000 | £90,084,000 | +10.1% | |
| Directors' remuneration | £682,000 | £621,000 | £608,000 | -2.1% |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 20.0% | 19.4% | 6.7% | |
| Net margin | 29.6% | 65.6% | 41.3% | |
| Return on capital employed | 6.1% | 9.1% | 1.8% | |
| Gearing (liabilities / total assets) | 47.6% | 39.2% | 37.8% | |
| Current ratio | 4.41x | 4.96x | 5.05x | |
| Interest cover | 2.87x | 2.89x | 1.00x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company's business activities, together with the factors likely to affect its future development, performance and position are set out in the strategic report and the principal risks and uncertainties are also set out in the strategic report. The company has substantial net assets as set out in the balance sheet on page 29. Despite the current uncertain worldwide economic outlook, the company's forecasts for its wide range of businesses, which operate across different geographical locations, show that the company will continue to generate a strong cash flow and profits. Consequently, the directors believe the company is well placed to manage its business risks successfully.”
Group structure
- ITW LIMITED · parent
- Avery Malaysia Sdn Bhd 100%
- Avery Weigh-Tronix International Limited 100%
- Avery Weigh-Tronix (Suzhou) Co Ltd 100%
- Beijing Miller Electric Manufacturing Co. Ltd. 100%
- Brooks Instrument (Shanghai) Co. Ltd. 100%
- Dongguan Ark-Les Electric Components Co., Ltd. 100%
- Dongguan CK Branding Co., Ltd. 100%
- Hobart Food Equipment Co., Ltd. 100%
- Hobart International (Singapore) Pte. Ltd. 100%
- Hobart Korea LLC 100%
- Instron Korea LLC 100%
- Instron (Shanghai) Ltd. 100%
- ITW CS (UK) Ltd 100%
- ITW Korea LLC 100%
- ITW (China) Investment Company Limited 100%
- ITW (Ningbo) Components & Fastening Systems Co., Ltd. 100%
- ITW Automotive Components (Chongqing) Co. Ltd. 100%
- ITW Automotive Components (Langfang) Co., Ltd. 100%
- ITW Automotive Fasteners (Shanghai) Co Ltd 100%
- ITW Automotive Parts (Suzhou) Co., Ltd. 100%
- ITW Automotive Components (Guangzhou) Co., Ltd. 100%
- ITW Construction Products (Shanghai) Co. Ltd. 100%
- ITW Construction Products (Singapore) Pte. Ltd. 100%
- ITW Construction Services Manila, Inc. 31%
- ITW Contamination Control (Wujiang) Co., Ltd. 100%
- ITW Pension Funds Trustee Company 50%
- ITW Dynatec Adhesive Equipment (Suzhou) Co. Ltd. 100%
- ITW Electronics (Suzhou) Co. Ltd. 100%
- ITW FEG Hong Kong Limited 100%
- ITW GH, LLC 100%
- ITW Graphics Asia Limited 100%
- ITW International Holdings LLC 100%
- ITW Materials Technology (Shanghai) Co., Ltd. 31%
- ITW Meritex Sdn. Bhd. 100%
- ITW New Zealand 100%
- ITW Packaging Technology (China) Co Ltd 100%
- ITW Performance Polymers Trading (Shanghai) Co., Ltd. 100%
- ITW Performance Polymers (Wujiang) Co., Ltd. 100%
- ITW Pte. Ltd. 100%
- ITW Qufu Automotive Cooling Systems Co. Ltd. 100%
- ITW Simco-lon (Shenzhen) Co. Ltd. 100%
- ShineMark Specialty Films LLC 100%
- ITW Specialty Materials (Suzhou) Co., Ltd. 100%
- ITW Test & Measurement Equipment (Shanghai) Co., Ltd. 100%
- ShineMark Specialty Films (Shanghai) Co., Ltd. 100%
- Shanghai ITW Plastic & Metal Co. Ltd. 100%
- ITW (Vietnam) Company Limited 100%
- ITW Welding Singapore Pte. Ltd. 100%
- Meritex Technology (Suzhou) Co. Ltd. 100%
- Plasode Fasteners (Shanghai) Co., Ltd. 100%
- Ramset Fasteners (Hong Kong) Ltd. 100%
- Stokvis Tapes Limited 100%
- Teknek (China) Limited 100%
- Tien tai Electrode (Kunshan) Co., Ltd. 100%
- Vesta (Guangzhou) Catering Equipment Co. Ltd. 100%
- Vesta Global Limited 100%
- Shinemark UK Limited 100%
- Lombard Pressings Limited 100%
- ITW Holdings X Limited 100%
- Denison Mayes Group Ltd 100%
- MTS Systems Limited 100%
Significant events
- “On 1 March 2025 the company contributed the shares of ITW Holdings X Limited to ITW International Holdings LLC for £9,937,987.”
- “On 1 July 2025, the company acquired MTS Systems Limited and as a result increased its investments by £20,466,651.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUDSON, Giles Matthew | Secretary | 2004-09-21 | — | British |
| SMITH, Jonathan | Secretary | 2023-07-17 | — | — |
| HUDSON, Giles Matthew | Director | 2003-02-01 | Feb 1972 | British |
| ROWELL, Stephen James | Director | 2016-04-01 | Dec 1967 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DALE, Ryan Ronald | Secretary | 2017-12-18 | 2023-07-17 |
| LEWIS, Thomas Arwyn | Secretary | 1999-07-22 | 2003-02-01 |
| O DONNELL, James Carthage | Secretary | — | 1996-08-12 |
| PROBERT, Clive Michael Douglas | Secretary | 1996-08-12 | 2003-02-01 |
| UDALL, Gavin | Secretary | 2003-02-01 | 2004-09-21 |
| BARRETO-MORLEY, Ola Tricia Aramita | Director | 2009-09-30 | 2013-03-31 |
| CROWTHER, Henry Richard | Director | — | 1995-08-30 |
| DEAKIN, Philip Matthew | Director | 2009-09-30 | 2017-10-30 |
| FARRELL, William James | Director | 1995-08-30 | 2005-04-20 |
| GILLINGHAM, Peter Leslie | Director | 1994-08-01 | 2003-03-24 |
| MURPHY, Eugene Francis | Director | — | 1994-08-01 |
| O DONNELL, James Carthage | Director | 1997-10-31 | 1999-06-30 |
| PROBERT, Clive Michael Douglas | Director | 1999-06-24 | 2003-02-01 |
| SPIEGEL, Maryann | Director | 2012-04-27 | 2015-11-18 |
| SUTHERLAND, Allan Cameron | Director | 1999-12-15 | 2012-02-10 |
| TURNBULL, Albert Edward | Director | — | 1997-10-31 |
| UDALL, Gavin | Director | 2003-02-01 | 2009-09-30 |
| UFLAND, Edward | Director | 2003-02-01 | 2017-03-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Itw Uk Ii Limited | Corporate entity | Shares 75–100% | 2018-11-19 | Active |
| Berrington Uk | Corporate entity | Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 220 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-11 | AA | accounts | Accounts with accounts type full | |
| 2025-04-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-23 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-08-23 | SH20 | capital | Legacy | |
| 2024-08-23 | CAP-SS | insolvency | Legacy | |
| 2024-08-23 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-23 | SH01 | capital | Capital allotment shares | |
| 2024-08-23 | SH01 | capital | Capital allotment shares | |
| 2024-08-21 | AA | accounts | Accounts with accounts type full | |
| 2023-10-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 4
- 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.