PX MANUFACTURING LTD
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Cash
£1.3M
-8.9% vs 2023
Net assets
£16M
+1.6% vs 2023
Employees
35
-16.7% vs 2023
Profit before tax
£339K
+150.1% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £49,845,223 | £49,645,815 | -0.4% | |
| Operating profit | -£44,075 | £781,146 | +1,872.3% | |
| Profit before tax | -£677,026 | £339,248 | +150.1% | |
| Net profit | -£797,495 | £240,256 | +130.1% | |
| Cash | £1,425,716 | £1,299,125 | -8.9% | |
| Total assets less current liabilities | £19,208,382 | £18,828,638 | -2% | |
| Net assets | £15,436,643 | £15,676,899 | +1.6% | |
| Equity | £15,436,643 | £15,676,899 | +1.6% | |
| Average employees | 42 | 35 | -16.7% | |
| Wages | £1,532,246 | £1,547,197 | +1% | |
| Directors' remuneration | £253,994 | £263,484 | +3.7% |
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 |
|---|---|---|---|
| Operating margin | -0.1% | 1.6% | |
| Net margin | -1.6% | 0.5% | |
| Return on capital employed | -0.2% | 4.1% | |
| Current ratio | 2.34x | 1.75x | |
| Interest cover | -0.07x | 1.75x |
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
- PX MANUFACTURING LTD 2018-12-31 → present
- P X MANUFACTURING & DISTRIBUTION COMPANY LIMITED 1995-01-24 → 2018-12-31
- QUAYSHELFCO 489 LIMITED 1994-10-19 → 1995-01-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Hamilton Coopers
- 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
- “The Bank of England reduced Interest rates by 0.5% during the second half of the year, which combined with careful cash management reduced interest costs by one third (£221,035) of the prior year to £445,926 in 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TETNOWSKA, Elzbieta | Secretary | 2014-03-18 | — | — |
| TETNOWSKI, Pawel, Dr | Director | 2013-02-06 | Apr 1970 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| POPAT, Suresh | Secretary | 1994-12-21 | 2006-01-20 |
| TETNOWSKI, Pawel, Dr | Secretary | 2006-01-20 | 2014-03-17 |
| NQH (CO SEC) LIMITED | Corporate Nominee Secretary | 1994-10-19 | 1994-12-21 |
| POPAT, Suresh | Director | 1994-12-21 | 2013-11-29 |
| TETNOWSKI, Rafal | Director | 2014-03-18 | 2014-03-18 |
| TETNOWSKI, Stanislaw Franciszek | Director | 1994-12-21 | 2023-02-02 |
| CHIVGATE LIMITED | Corporate Director | 2010-02-15 | 2024-05-22 |
| NQH LIMITED | Corporate Nominee Director | 1994-10-19 | 1994-12-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stanislaw Franciszek Tetnowski | Individual | Significant influence | 2016-04-06 | Ceased 2023-02-02 |
| Dr Pawel Tetnowski | Individual | Significant influence | 2016-04-06 | Active |
| Mr Rafal Tetnowski | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 118 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2024-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-22 | AA | accounts | Accounts with accounts type full | |
| 2024-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-27 | AA | accounts | Accounts with accounts type full | |
| 2023-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-08-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-05-20 | AA | accounts | Accounts with accounts type full | |
| 2022-03-03 | AA01 | accounts | Change account reference date company previous shortened | |
| 2021-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-24 | AA | accounts | Accounts with accounts type full | |
| 2021-09-15 | AA01 | accounts | Change account reference date company previous extended | |
| 2021-03-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-12-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-05-14 | 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.