METRICAB POWER ENGINEERING LIMITED
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Cash
£854k
+134.9% highest in 5 filed years
Net assets
£1.3m
-22.9% vs 2024
Employees
34
-5.6% vs 2024
Profit before tax
-£511k
-191.6% vs 2024
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £5,790,566 | £6,005,004 | +3.7% | |
| Operating profit | — | — | — | £550,448 | -£518,894 | -194.3% | |
| Profit before tax | — | — | — | £558,143 | -£511,230 | -191.6% | |
| Net profit | — | — | — | £412,630 | -£394,195 | -195.5% | |
| Cash | £223,677 | £765,326 | £515,692 | £363,510 | £853,855 | +134.9% | |
| Total assets less current liabilities | £1,484,546 | £1,271,433 | £1,395,411 | £1,762,447 | £1,353,418 | -23.2% | |
| Net assets | £1,396,135 | £1,200,696 | £1,335,411 | £1,728,041 | £1,331,846 | -22.9% | |
| Equity | £1,396,135 | £1,200,696 | £1,335,411 | £1,728,041 | £1,331,846 | -22.9% | |
| Average employees | 29 | 31 | 35 | 36 | 34 | -5.6% | |
| Wages | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — |
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 9.5% | -8.6% | |
| Net margin | — | — | — | 7.1% | -6.6% | |
| Return on capital employed | — | — | — | 31.2% | -38.3% | |
| Gearing (liabilities / total assets) | 44.7% | 61.6% | 64.4% | 44.8% | 57.8% | |
| Current ratio | — | — | — | 1.62x | 1.27x |
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
- METRICAB POWER ENGINEERING LIMITED 1992-07-14 → present
- NOVELRING ELECTRICAL LIMITED 1992-04-28 → 1992-07-14
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- TWP Accounting 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 for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Subsequent to the year end, the company's sole freehold property was transferred to its parent company, Metricab Holdings Limited, as part of a wider group reorganisation.”
- “On 5 November 2025, the shareholders completed a share for share exchange whereby Metricab Holdings Limited was incorporated as a new holding company and became the immediate parent undertaking of the company.”
- “At the reporting date, the company is party to ongoing High Court proceedings with a customer. The proceedings relate to amounts due between the parties and the validity of sums received by the company following an adjudicator's decision during the year ended 31 December 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THATCHER, Charles Edward | Secretary | 1992-06-30 | — | British |
| COHEN, Adam | Director | 2025-03-17 | May 1978 | British |
| LOCKLESS, Graham | Director | 2025-03-17 | Aug 1968 | British |
| LUMLEY, Kerry Lorraine | Director | 2005-08-01 | Mar 1968 | British |
| SCHIFANO, Tracy Suzanne | Director | 2002-04-22 | Jun 1972 | British |
| THATCHER, Charles Edward | Director | 1992-06-30 | May 1946 | British |
| WELTON, Lee | Director | 2025-03-17 | Nov 1979 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SAME-DAY COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 1992-04-28 | 1992-06-30 |
| BATES, Stephen | Director | 2005-08-01 | 2011-05-17 |
| SKELLEY, Christopher Richard | Director | 1992-06-30 | 2025-03-17 |
| TURNER, Norman Edward | Director | 2005-08-01 | 2018-12-31 |
| WILDMAN & BATTELL LIMITED | Corporate Nominee Director | 1992-04-28 | 1992-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Metricab Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-11-05 | Active |
| Mr Charles Edward Thatcher | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-03-29 |
Filing timeline
Last 20 of 130 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | AA | accounts | Accounts with accounts type full | |
| 2026-06-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-06-02 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2026-04-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-30 | AA | accounts | Accounts with accounts type small | |
| 2025-04-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-18 | CH01 | officers | Change person director company with change date | |
| 2025-03-17 | CH03 | officers | Change person secretary company with change date | |
| 2025-03-17 | CH01 | officers | Change person director company with change date | |
| 2025-03-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-11 | AA | accounts | Accounts with accounts type small | |
| 2024-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-15 | AA | accounts | Accounts with accounts type small | |
| 2023-05-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-23 | AA | accounts | Accounts with accounts type small | |
| 2022-05-09 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.