USHA MARTIN INTERNATIONAL LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-05-26 (this month)
Last made up 2025-05-12
Watchouts
None on the register
Cash
£4M
+11.1% highest in 6 filed years
Net assets
£52M
0% vs 2024
Employees
240
+4.3% highest in 6 filed years
Profit before tax
£689K
-89.7% vs 2024
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £76,994,000 | £81,708,000 | |
| Operating profit | — | — | — | — | £6,781,000 | £827,000 | |
| Profit before tax | — | — | — | — | £6,664,000 | £689,000 | |
| Net profit | £154,000 | £375,000 | — | -£182,000 | £4,966,000 | £298,000 | |
| Cash | £7,000 | £14,000 | £121,000 | £298,000 | £3,388,000 | £3,764,000 | |
| Total assets less current liabilities | £9,881,000 | £10,256,000 | — | — | £55,750,000 | £56,200,000 | |
| Net assets | — | — | £10,428,000 | — | £52,102,000 | £52,118,000 | |
| Equity | — | — | £10,428,000 | — | £52,102,000 | £52,118,000 | |
| Average employees | 2 | 5 | 5 | 10 | 230 | 240 | |
| Wages | £323,000 | £395,000 | £342,000 | £540,000 | £10,324,000 | £12,266,000 | |
| Directors' remuneration | — | — | — | — | £602,000 | £590,000 |
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 2025-03-31 vs 2024-03-31
-
Turnover
+6.1%
£76,994,000 £81,708,000
-
Cash
+11.1%
£3,388,000 £3,764,000
highest in 6 filed years
-
Net assets
0%
£52,102,000 £52,118,000
-
Employees
+4.3%
230 240
highest in 6 filed years
-
Operating profit
-87.8%
£6,781,000 £827,000
-
Profit before tax
-89.7%
£6,664,000 £689,000
-
Wages
+18.8%
£10,324,000 £12,266,000
highest in 6 filed years
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 8.8% | 1.0% | |
| Net margin | — | — | — | — | 6.4% | 0.4% | |
| Return on capital employed | — | — | — | — | 12.2% | 1.5% | |
| Gearing (liabilities / total assets) | — | — | — | — | 30.8% | 29.0% | |
| Current ratio | — | — | — | — | 2.59x | 2.61x | |
| Interest cover | — | — | — | — | 50.60x | 5.41x |
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 2 times since incorporation
- USHA MARTIN INTERNATIONAL LIMITED 2002-01-28 → present
- USHA MARTIN EUROPE LIMITED 1994-06-14 → 2002-01-28
- BEALAW (376) LIMITED 1994-05-12 → 1994-06-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Azets Audit Services
- 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 group's and parent 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
- USHA MARTIN INTERNATIONAL LIMITED · parent
- Brunton Shaw UK Limited 100%
- De Ruiter Staalkabal BV 100%
- European Management & Marine Limited 100%
- Usha Martin Europe BV 100%
- Usha Martin Italia Srl 100%
- Usha Martin UK Limited 100%
- Usha Martin Espana SL 100%
Significant events
- “Over the last weeks our Senior Management Team further worked and concluded upon the new business model. This model will allow a promising outlook for BSUK over time, but will also unfortunately affect the production activity level within our company.”
- “For our range of ELSTAR elevator ropes, CRANEMAX/HARBOURMAX crane wire ropes, MINEMAX mining ropes, TRAWLMASTER fishing wire ropes and our full range of specialty wire ropes, including grapnel, these will be mainly outsourced to the other Usha Martin factories in the group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRACCO GARTNER, Dimitri | Director | 2020-05-21 | May 1970 | Dutch |
| JHAWAR, Rajeev | Director | 1995-05-01 | Nov 1964 | Indian |
| PARIHAR, Dhanraj | Director | 2024-11-01 | Jan 1980 | Indian |
| PAUL, Abhijit | Director | 2024-05-01 | Sep 1979 | Indian |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOOD, Simon | Secretary | 2010-08-20 | 2022-07-01 |
| JODHAWAT, Shyam | Secretary | 2001-07-10 | 2010-09-14 |
| JODHAWAT, Shyam | Secretary | 1998-05-01 | 1999-08-11 |
| KENNEDY, James Adam | Secretary | 1994-12-07 | 1998-04-27 |
| SAHA, Somnath | Secretary | 2006-04-01 | 2009-05-22 |
| SARKAR, Sanjay Kumar | Secretary | 1999-08-11 | 2000-08-30 |
| STEEL, Graham | Secretary | 2009-06-15 | 2010-08-20 |
| TREVANION, Ruth Isobel | Secretary | 2000-09-01 | 2001-06-30 |
| BEACH SECRETARIES LIMITED | Corporate Nominee Secretary | 1994-05-12 | 1994-12-07 |
| BHATTACHARYA, Purandar | Director | 2001-02-14 | 2011-08-04 |
| GANGOPADHYAY, Tapas | Director | 2022-06-13 | 2025-04-30 |
| HOOD, Simon Leonard | Director | 2020-05-21 | 2022-07-01 |
| JAIN, Pravin Kumar | Director | 2011-08-25 | 2020-05-17 |
| JHAWAR, Brij Kishore | Director | 1995-06-08 | 2011-09-01 |
| JHAWAR, Prashant | Director | 1995-05-01 | 2019-09-12 |
| JODHAWAT, Shyam | Director | 1999-08-11 | 2022-06-15 |
| JODHAWAT, Shyam | Director | 1994-12-07 | 1999-08-11 |
| KENNEDY, James Adam | Director | 1994-12-07 | 1998-04-27 |
| LAL, Rajesh Kumar | Director | 2003-07-23 | 2004-10-01 |
| PIERONI, Peter Stephen | Director | 2001-03-20 | 2002-04-30 |
| ROYCHOUDHURY, Ranadurjoy | Director | 1999-08-11 | 2001-08-20 |
| RUSSELL, Gordon Gavin | Director | 1998-02-23 | 1999-08-11 |
| SAHA, Somnath | Director | 2022-06-13 | 2024-10-31 |
| SANYAL, Anirban | Director | 2020-05-21 | 2024-04-30 |
| THAKKER, Bharat | Director | 1998-01-17 | 2000-11-20 |
| CROFT NOMINEES LIMITED | Corporate Nominee Director | 1994-05-12 | 1994-12-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Usha Martin Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 167 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-21 | AA | accounts | Accounts with accounts type group | |
| 2025-06-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-15 | AA | accounts | Accounts with accounts type group | |
| 2024-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-06-07 | AA | accounts | Accounts with accounts type group | |
| 2023-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-09 | AA | accounts | Accounts with accounts type group | |
| 2022-07-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-07-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-21 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-21 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-23 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.