TET LIMITED
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Cash
£12m
+53.6% highest in 3 filed years
Net assets
£8.9m
+15.6% highest in 3 filed years
Employees
62
+8.8% highest in 3 filed years
Profit before tax
£1.7m
+7.2% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary 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 | £67,806,213 | £69,945,070 | £74,024,405 | +5.8% | |
| Operating profit | £1,194,383 | £1,406,458 | £1,448,103 | +3% | |
| Profit before tax | £1,287,912 | £1,619,759 | £1,736,867 | +7.2% | |
| Net profit | £942,858 | — | — | — | |
| Cash | £6,738,861 | £7,769,005 | £11,934,545 | +53.6% | |
| Total assets less current liabilities | £8,176,302 | £7,694,590 | £8,891,874 | +15.6% | |
| Net assets | £8,176,302 | £7,656,439 | £8,853,723 | +15.6% | |
| Equity | £8,176,302 | £7,656,439 | £8,853,723 | +15.6% | |
| Average employees | 54 | 57 | 62 | +8.8% | |
| Wages | £4,313,067 | £5,185,185 | £5,433,331 | +4.8% | |
| Directors' remuneration | £528,130 | £669,732 | £512,141 | -23.5% | |
| Directors' pension contributions | £20,167 | £20,167 | £50,917 | +152.5% | |
| Highest paid director | £293,011 | £337,930 | £187,243 | -44.6% |
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 | 1.8% | 2.0% | 2.0% | |
| Net margin | 1.4% | — | — | |
| Return on capital employed | 14.6% | 18.3% | 16.3% | |
| Gearing (liabilities / total assets) | 56.4% | 55.4% | 61.5% | |
| Current ratio | 1.76x | 1.84x | 1.61x | |
| Interest cover | — | — | 54.18x |
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 1 time since incorporation
- TET LIMITED 2006-09-05 → present
- JAGRULE LIMITED 1985-06-19 → 2006-09-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Goldwyns Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- TET LIMITED · parent
- TET (LS) INC. 100%
- TET (Europe) S.A.R.L 100%
- TET Europe B.V. 100%
Significant events
- “On 2 April 2026, the company repurchased and cancelled 2,500 Ordinary Shares of £1 each for total consideration of £3.7m.”
- “Subsequently, the company declared a dividend for £2.5m.”
- “Also, after the year-end, the company acquired the entire issued share capital of TET IP Limited for £489k.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PICKETT, William | Secretary | 2024-02-14 | — | — |
| JOYCE, David Andrew | Director | — | Oct 1962 | British |
| PICKETT, William | Director | 1999-02-01 | Mar 1962 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JOYCE, Christopher Drummond | Secretary | 1996-03-25 | 2024-02-15 |
| JOYCE, David Andrew | Secretary | — | 1996-03-25 |
| IYIKAN, Eralp | Director | 2012-06-25 | 2026-04-02 |
| JOYCE, Christopher Drummond | Director | 2012-06-25 | 2024-02-15 |
| MALIK, Mazhar | Director | 2007-07-20 | 2011-08-19 |
| NEIL, Barry Edward | Director | — | 1996-03-25 |
| RAIZADA, Mridulika Mahendra | Director | 1991-08-01 | 1992-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Christopher Drummond Joyce | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-04-02 | Active |
| Mr Andrew Michael Joyce | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-04-02 | Active |
| Mr David Andrew Joyce | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 142 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-05 | AA | accounts | Accounts with accounts type group | |
| 2026-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-15 | SH06 | capital | Capital cancellation shares | |
| 2026-05-15 | SH03 | capital | Capital return purchase own shares | |
| 2026-04-02 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-02 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-18 | AA | accounts | Accounts with accounts type group | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-05 | AA | accounts | Accounts with accounts type group | |
| 2024-06-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-08 | SH06 | capital | Capital cancellation shares | |
| 2024-03-08 | SH03 | capital | Capital return purchase own shares | |
| 2024-03-01 | RP04TM02 | officers | Second filing of secretary termination with name | |
| 2024-03-01 | RP04TM01 | officers | Second filing of director termination with name | |
| 2024-02-15 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-02-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-09 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.