CORROSION TECHNOLOGY SERVICES EUROPE LIMITED
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Cash
£778K
+516.1% highest in 5 filed years
Net assets
£2.1M
+17.4% highest in 5 filed years
Employees
32
-3% lowest in 5 filed years
Profit before tax
£396K
-50% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-06-15.
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £4,423,875 | £3,633,004 | -17.9% | |
| Operating profit | — | — | — | £814,634 | £420,258 | -48.4% | |
| Profit before tax | — | — | — | £793,262 | £396,278 | -50% | |
| Net profit | — | — | — | £622,656 | £292,551 | -53% | |
| Cash | £347,231 | £324,062 | £465,740 | £126,241 | £777,786 | +516.1% | |
| Total assets less current liabilities | £1,456,974 | £1,416,544 | £1,449,783 | £1,829,127 | £2,139,550 | +17% | |
| Net assets | £1,455,945 | £1,411,174 | £1,430,300 | £1,804,263 | £2,119,029 | +17.4% | |
| Equity | £1,455,945 | £1,411,174 | £1,430,300 | £1,804,263 | £2,119,029 | +17.4% | |
| Average employees | 41 | 40 | 39 | 33 | 32 | -3% | |
| Wages | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | £15,000 | £15,000 | 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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 18.4% | 11.6% | |
| Net margin | — | — | — | 14.1% | 8.1% | |
| Return on capital employed | — | — | — | 44.5% | 19.6% | |
| Current ratio | — | — | — | 3.91x | 6.87x | |
| Interest cover | — | — | — | 38.07x | 16.09x |
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
- CORROSION TECHNOLOGY SERVICES EUROPE LIMITED 2012-12-17 → present
- PIPELINE MAINTENANCE LIMITED 2005-06-22 → 2012-12-17
- HORRY PROPERTIES LIMITED 2005-05-09 → 2005-06-22
- PIPELINE MAINTENANCE LIMITED 1967-11-17 → 2005-05-09
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Consolidated group
- Auditor
- Knights Lowe Limited
- 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.”
Group structure
- CORROSION TECHNOLOGY SERVICES EUROPE LIMITED · parent
- CTS Trading nd Services LLC 49%
Significant events
- “In 2024 Corrosion Technology Services Europe Ltd acquired 49% of the share capital of CTS Trading and Services LLC, a company registered in Qatar. This acquisition was made for commercial reasons, to ensure that the group could continue to trade in Qatar.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CALLON, Roderick Michael | Director | 2024-03-23 | Nov 1967 | British |
| VISWANATHAN, Puthucode Ramanathan | Director | 2009-12-06 | Aug 1956 | Indian |
| WROE, Stephen Paul | Director | 2009-12-06 | Jan 1956 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAILEY, Patricia Joy | Secretary | — | 2006-04-20 |
| NARAYAN, Subramaniam | Secretary | 2006-04-20 | 2014-06-20 |
| BAILEY, Robin Edward | Director | — | 2007-03-31 |
| BARKE, Stephen John | Director | 2006-04-20 | 2012-03-31 |
| NARAYAN, Subramaniam | Director | 2006-04-20 | 2014-06-20 |
| SINGHVI, Ganpat | Director | 2009-12-06 | 2020-06-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Abdulla Nasser Ahmed Huwaileel Al Monsoori | Individual | Shares 75–100% (as firm), Voting 75–100% (as firm), Appoints directors (as firm) | 2017-01-01 | Active |
| Abdulla Nasser Ahmed Huwaileel Al Mansoori | Individual | Shares 75–100% (as firm), Voting 75–100% (as firm), Appoints directors (as firm), Significant influence (as firm) | 2017-01-01 | Active |
Filing timeline
Last 20 of 133 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-15 | AA | accounts | Accounts with accounts type group | |
| 2024-09-12 | AA | accounts | Accounts with accounts type small | |
| 2024-08-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-07 | AA | accounts | Accounts with accounts type small | |
| 2023-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-27 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2022-07-27 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2022-06-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-04-01 | AA | accounts | Accounts with accounts type small | |
| 2021-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-18 | AA | accounts | Accounts with accounts type small | |
| 2020-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2020-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-24 | AA | accounts | Accounts with accounts type small | |
| 2019-06-19 | CH01 | officers | Change person director company with change date | |
| 2019-06-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-04-03 | AA | accounts | Accounts with accounts type small |
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.