INDUCTOTHERM HEATING & WELDING LIMITED

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

• Turnover

  -40.5%

  £15,390,030 → £9,150,388

• Cash

  +32.6%

  £2,657,922 → £3,523,715

• Net assets

  -0.9%

  £8,766,232 → £8,687,703

• Employees

  -1.6%

  63 → 62

• Operating profit

  +5.8%

  £757,622 → £801,342

• Profit before tax

  +6.6%

  £840,610 → £895,797

• Wages

  -3.8%

  £3,158,130 → £3,039,148

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

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.

1. INDUCTOTHERM HEATING & WELDING LIMITED 2011-06-15 → present
2. INDUCTOTHERM HEATING & WELDING TECHNOLOGIES LIMITED 2007-01-02 → 2011-06-15
3. THERMATOOL EUROPE LIMITED 1988-11-04 → 2007-01-02
4. THERMATOOL (U.K.) LIMITED 1987-04-01 → 1988-11-04
5. INDUCTRON LIMITED 1971-06-09 → 1987-04-01

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Shaw Gibbs (Audit) 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. 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

1. INDUCTOTHERM HEATING & WELDING LIMITED · parent
   1. Inductoheat Europe Limited 100% · UK · Dormant
   2. Fastran Heating Limited 100% · UK · Dormant
   3. Radyne Limited 100% · UK · Dormant
   4. Newelco (Uskside) Limited 100% · UK · Dormant
   5. Inductoheat Banyard Limited 100% · UK · Dormant
   6. Thermatool Europe Limited 100% · UK · Dormant

Significant events

• “Turnover for the year has decreased by 41% compared to the previous year. However, the company's gross profit margin increased from 41% in 2024 up to 67% for 2025, and profit after taxation increased 24% up to £809,033 (2024: £653,826).”
• “The year 2026 presents an opportunity to consolidate our market leadership while exploring avenues for measured growth and innovation.”
• “Franchising activity accelerated throughout 2025 and is expected to maintain this trajectory throughout 2026. The Banyard brand continues to play a central role in this development, with new opportunities emerging outside Europe through collaboration with group company partners.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.