TEAM VALVE AND ROTATING SERVICES LIMITED

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

• Turnover

  +10.2%

  £8,229,441 → £9,067,195

• Cash

  -61.6%

  £699,606 → £268,730

  lowest in 3 filed years

• Net assets

  +8.1%

  £5,128,694 → £5,545,180

  highest in 3 filed years

• Employees

  0%

  61 → 61

• Operating profit

  -43.9%

  £531,434 → £298,305

• Profit before tax

  -23.8%

  £684,274 → £521,692

  lowest in 3 filed years

• Wages

  +7.4%

  £3,225,863 → £3,465,075

  highest in 3 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

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.

1. TEAM VALVE AND ROTATING SERVICES LIMITED 2019-01-02 → present
2. TEAMFURMANITE VALVE AND ROTATING SERVICES LTD 2017-03-31 → 2019-01-02
3. TEAM VALVE AND ROTATING SERVICES LTD 2014-09-05 → 2017-03-31
4. HERTEL VALVE & ROTATING SERVICES LTD 2010-01-20 → 2014-09-05
5. HERTEL TOTAL ASSET MANAGEMENT LIMITED 2006-09-14 → 2010-01-20
6. VISION CEILINGS,INSULATIONS AND ASBESTOS REMOVALS LIMITED 1995-02-14 → 2006-09-14
7. VISION CEILINGS AND ASBESTOS REMOVALS LIMITED 1995-02-06 → 1995-02-14

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company believes that with the current business activity levels, support provided by Team Inc., the cost savings enacted and the potential for further savings, the company has sufficient headroom to continue to operate within available facilities. The board is satisfied it has sufficient cash resources to meet its obligations as they fall due throughout this duration and the board has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Significant events

• “2024 saw an increase in turnover, the overall increase in revenue being 10.2% compared to prior year. We successfully maintained and improved our service generated sales compared to prior year as predicted and continue to maintain the expected recovery following the impacts of COVID.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.