THE REMET COMPANY LIMITED
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2027-02-04 (in 9mo)
Last made up 2026-01-21
Watchouts
None on the register
Cash
£11M
-33.6% vs 2024
Net assets
£50M
+15.9% highest in 3 filed years
Employees
138
+17.9% highest in 3 filed years
Profit before tax
£10M
+19.1% vs 2024
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-06-30
| Metric | Trend | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-09-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £217,897,003 | £268,447,178 | |
| Operating profit | — | — | — | — | — | £8,114,670 | £8,851,179 | |
| Profit before tax | — | — | — | — | — | £8,340,267 | £9,933,597 | |
| Net profit | — | — | — | — | — | £6,671,652 | £7,789,464 | |
| Cash | — | — | £1,742 | — | — | £16,381,231 | £10,878,151 | |
| Total assets less current liabilities | — | — | £46,222,677 | — | — | £51,544,294 | £57,255,301 | |
| Net assets | — | — | £43,701,934 | — | — | £43,199,822 | £50,059,587 | |
| Equity | £35,851,277 | £37,892,337 | £43,701,934 | £8,926,205 | £11,045,417 | £43,199,822 | £50,059,587 | |
| Average employees | — | — | 101 | — | — | 117 | 138 | |
| Wages | — | — | — | — | — | £6,999,027 | £8,422,423 | |
| Directors' remuneration | — | — | — | — | — | £2,174,990 | £2,597,421 |
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 2025-06-30 vs 2024-06-30
-
Turnover
+23.2%
£217,897,003 £268,447,178
-
Cash
-33.6%
£16,381,231 £10,878,151
-
Net assets
+15.9%
£43,199,822 £50,059,587
highest in 3 filed years
-
Employees
+17.9%
117 138
highest in 3 filed years
-
Operating profit
+9.1%
£8,114,670 £8,851,179
-
Profit before tax
+19.1%
£8,340,267 £9,933,597
-
Wages
+20.3%
£6,999,027 £8,422,423
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 | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-09-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 3.7% | 3.3% | |
| Net margin | — | — | — | — | — | 3.1% | 2.9% | |
| Return on capital employed | — | — | — | — | — | 15.7% | 15.5% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 60.3% | 60.2% | |
| Current ratio | — | — | — | — | — | 1.58x | 1.48x | |
| Interest cover | — | — | — | — | — | 3.72x | 3.70x |
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
- THE REMET COMPANY LIMITED 1997-03-21 → present
- MB84 LIMITED 1997-01-15 → 1997-03-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- mgr Weston Kay 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 group's and the 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
- THE REMET COMPANY LIMITED · parent
- Avon Metals Limited 75.3%
- Avon Specialty Metals Limited 48.2%
- Longwear Holdings Limited 75.3%
- Longwear Alloys Limited 75.3%
- Avon Properties (2025) Limited 75.3%
- Remet Metal Company Ireland Ltd 100%
- Remet Ferrous Limited 60%
- Remet (Barnet) Limited 100%
- Glevum Manco Limited 100%
- Alcumet Trading Limited 100%
Significant events
- “The total distribution of dividends for the year ended 30 June 2025 was £1,000,000.”
- “Longwear Alloys Ltd, West Bromwich (Acquired Apr 2025).”
- “On 2 April 2025, the Group acquired 75.3% of the shares of Longwear Holdings Limited and its subsidiary Longwear Alloys Limited.”
- “During the year, a total of key management personnel compensation of £ 3,644,968 (2024 - £ 2,191,228 ) was paid.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BREWER, Philip John | Secretary | 2023-05-23 | — | — |
| BREWER, Philip John | Director | 2009-07-07 | Aug 1967 | British |
| COHEN, Shraga | Director | 1997-02-28 | Mar 1947 | British |
| REID, Marc Henry | Director | 2023-11-24 | Jul 1991 | British |
| REID, Philip | Director | 2020-05-26 | May 1990 | British |
| REID, Walter | Director | 1997-02-28 | Feb 1955 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JOSEPH, Rosalind | Secretary | 1997-02-28 | 2023-05-23 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1997-01-15 | 1997-02-28 |
| REID, Betty | Director | 1997-02-28 | 2012-01-19 |
| REID, Josef | Director | 1997-02-28 | 2008-06-17 |
| STELZER, Joe Nigel David | Director | 2021-07-01 | 2023-12-01 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1997-01-15 | 1997-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Remet Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-09-15 | Active |
| Mr Walter Reid | Individual | Shares 50–75%, Voting 50–75% | 2016-04-07 | Ceased 2022-09-15 |
Filing timeline
Last 20 of 110 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | AA | accounts | Accounts with accounts type group | |
| 2026-03-06 | CH01 | officers | Change person director company with change date | |
| 2026-03-04 | CH01 | officers | Change person director company with change date | |
| 2026-03-04 | CH01 | officers | Change person director company with change date | |
| 2026-03-03 | CH01 | officers | Change person director company with change date | |
| 2026-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-19 | AA | accounts | Accounts with accounts type group | |
| 2024-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-22 | AA | accounts | Accounts with accounts type group | |
| 2023-12-18 | CH01 | officers | Change person director company with change date | |
| 2023-11-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-12 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-06-14 | SH06 | capital | Capital cancellation shares | |
| 2023-06-07 | SH03 | capital | Capital return purchase own shares | |
| 2023-06-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-06-05 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.