BTL-UK LTD
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Cash
£2.1M
+54% vs 2024
Net assets
£6.3M
-46.7% vs 2024
Employees
60
-7.7% vs 2024
Profit before tax
£1.1M
+28.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
4 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £10,061,502 | £9,315,767 | -7.4% | |
| Operating profit | £915,274 | £1,148,302 | +25.5% | |
| Profit before tax | £893,677 | £1,146,854 | +28.3% | |
| Net profit | £572,500 | £1,231,479 | +115.1% | |
| Cash | £1,391,889 | £2,143,637 | +54% | |
| Total assets less current liabilities | £12,480,018 | £6,424,696 | -48.5% | |
| Net assets | £11,875,280 | £6,329,849 | -46.7% | |
| Equity | £11,834,895 | £6,329,849 | -46.5% | |
| Average employees | 65 | 60 | -7.7% | |
| Wages | £1,853,672 | £1,869,365 | +0.8% | |
| Directors' remuneration | £158,329 | £134,385 | -15.1% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 9.1% | 12.3% | |
| Net margin | 5.7% | 13.2% | |
| Return on capital employed | 7.3% | 17.9% | |
| Current ratio | 3.43x | 3.89x | |
| Interest cover | 17.73x | — |
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 5 times since incorporation
- BTL-UK LTD 2020-06-09 → present
- 02996260 LIMITED 2020-06-05 → 2020-06-09
- DUNLOP BTL LIMITED 2015-03-31 → 2020-06-05
- MEDWAY (UK) LTD 2012-04-12 → 2015-03-31
- MEDWAY POWER TRANSMISSION LIMITED 2001-01-19 → 2012-04-12
- MEDWAY BEARINGS & POWER TRANSMISSION LIMITED 1994-11-29 → 2001-01-19
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
- BTL-UK LTD · parent
- BTL Precision-UK Ltd 100%
Significant events
- “From 1 January 2026 the trade of BTL-Precision Limited, a subsidiary of the company, was transferred to BTL-UK Limited”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARKER, Gerald Craig | Director | 2025-10-01 | Aug 1967 | British |
| LUNDGREN, Peter Mikael | Director | 2025-07-03 | Mar 1961 | Swedish |
| MIFSUD, Raymond Salvino | Director | 1994-11-29 | Nov 1963 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MIFSUD, Amanda | Secretary | 1994-11-29 | 2025-07-03 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 1994-11-29 | 1994-11-29 |
| BOLTON, Stephen John | Director | 2012-01-01 | 2019-05-31 |
| FREDIN, Lars | Director | 2025-07-03 | 2025-10-01 |
| GLADWIN, Peter Daniel | Director | 2017-10-01 | 2025-07-03 |
| MIFSUD, Amanda | Director | 1994-11-29 | 2025-07-03 |
| WALLIS, Mark | Director | 2012-01-01 | 2025-07-03 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 1994-11-29 | 1994-11-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Amanda Mifsud | Individual | Shares 25–50%, Voting 25–50% | 2025-05-07 | Ceased 2025-07-03 |
| Btl Property-Uk Holding Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2024-09-20 | Ceased 2025-05-07 |
| Mrs Amanda Mifsud | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2018-05-01 | Ceased 2024-09-20 |
| Mr Raymond Salvino Mifsud | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2025-07-03 |
Filing timeline
Last 20 of 196 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-10 MA Memorandum articles
- 2025-07-10 RESOLUTIONS Resolution
- 2025-06-13 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-22 | AA | accounts | Accounts with accounts type group | |
| 2026-02-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-10 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-07-10 | MA | incorporation | Memorandum articles | |
| 2025-07-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-09 | AA | accounts | Accounts with accounts type group | |
| 2025-07-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-13 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 5
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.