TRUEFORM ENGINEERING LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-03-07 (in 10mo)
Last made up 2026-02-21
Watchouts
None on the register
Cash
£4M
+166.1% vs 2024
Net assets
£6M
-7.2% vs 2024
Employees
173
0% vs 2024
Profit before tax
£3M
-41.6% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £27,736,234 | £25,556,076 | |
| Operating profit | £4,807,621 | £2,752,674 | |
| Profit before tax | £4,507,580 | £2,630,868 | |
| Net profit | £3,577,647 | £2,249,432 | |
| Cash | £1,384,778 | £3,685,059 | |
| Total assets less current liabilities | £8,406,657 | £7,798,759 | |
| Net assets | £6,927,155 | £6,426,587 | |
| Equity | £6,927,155 | £6,426,587 | |
| Average employees | 173 | 173 | |
| Wages | £8,324,897 | £8,841,607 | |
| Directors' remuneration | £713,695 | £848,892 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
-7.9%
£27,736,234 £25,556,076
-
Cash
+166.1%
£1,384,778 £3,685,059
-
Net assets
-7.2%
£6,927,155 £6,426,587
-
Employees
0%
173 173
-
Operating profit
-42.7%
£4,807,621 £2,752,674
-
Profit before tax
-41.6%
£4,507,580 £2,630,868
-
Wages
+6.2%
£8,324,897 £8,841,607
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 17.3% | 10.8% | |
| Net margin | 12.9% | 8.8% | |
| Return on capital employed | 57.2% | 35.3% | |
| Current ratio | 2.14x | 1.97x | |
| Interest cover | 13.18x | 14.92x |
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
- TRUEFORM ENGINEERING LIMITED 2006-02-14 → present
- TRUEFORM CORPORATION LIMITED 2006-01-12 → 2006-02-14
- TRUEFORM ENGINEERING LIMITED 1980-12-31 → 2006-01-12
- WIGHTKEYNE LIMITED 1977-08-03 → 1980-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit 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”
Group structure
- TRUEFORM ENGINEERING LIMITED · parent
- Ferrograph Limited 100%
- Trueform LLC 100%
- Future Systems Inc 100%
Significant events
- “In 2025 the company continued to deliver strong operational results. The company returned an EBITDA ... profit of £3.0m (2024: £5.0m).”
- “Revenues from the company's other contracts with major passenger transport authorities and outdoor media owners were lower in 2025 compared to 2024... a number of projects that were expected to be required in 2025 have been delayed into 2026.”
- “Towards the end of 2025, Trueform was given notice to proceed on a number of high value contracts that had been delayed during 2025 and the company expects that to lead to increased revenues in 2026.”
- “In 2025 the company completed the manufacture and deployment of BT's next generation digital StreetHub 2.0 products... Following a change in investment strategy by BT, it is unlikely that there will be significant orders for supply and install of similar products in the foreseeable future, however Trueform still holds the contract to maintain BT's StreetHub 2.0 units...”
- “At the end of the year the company had no long-term creditors following the repayment in full of its term loans in March 2025.”
- “The payment of £2.75m of dividends during the year was achieved without affecting the strength of the company's balance sheet”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KOKINIS, Alec | Secretary | 2020-10-30 | — | — |
| MACNAUGHTON, Robert Ian | Director | 2015-12-21 | Mar 1978 | British |
| MORLEY, Jonathan | Director | 2000-03-20 | Apr 1970 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FULLER, Maxine | Secretary | — | 2015-03-24 |
| BANHAM, Richard Anton | Director | 2012-06-22 | 2014-08-01 |
| CLARK, Keith Leslie | Director | — | 1993-05-11 |
| CLARKE, Keith Leslie | Director | 2000-03-20 | 2013-08-01 |
| KOFTEROS, George | Director | — | 2012-06-22 |
| KOFTEROS, Leslie Caroline | Director | — | 2012-06-22 |
| MALLABY, Cliff Michael | Director | 2012-11-06 | 2015-04-21 |
| PALMER, Keith | Director | 2014-11-28 | 2015-06-30 |
| TIMS, Kevin Terence | Director | 2013-11-04 | 2014-11-26 |
| TREWEEK, David | Director | 2000-03-20 | 2011-12-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Trueform Engineering Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-12-22 | Active |
| Mr Christopher Joseph Kelly | Individual | ownership-of-shares-25-to-50-percent-as-trust | 2023-01-31 | Ceased 2023-12-22 |
| Mr Jonathan Morley | Individual | Significant influence | 2017-02-21 | Ceased 2023-01-31 |
Filing timeline
Last 20 of 177 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-06 | AA | accounts | Accounts with accounts type full | |
| 2026-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-04 | AA | accounts | Accounts with accounts type full | |
| 2025-04-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-03-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-10 | AA | accounts | Accounts with accounts type full | |
| 2024-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-12-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-12-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-24 | AA | accounts | Accounts with accounts type full | |
| 2023-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-06 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-03-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-09-14 | 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.