GARRETT THERMAL SYSTEMS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-15
Overdue
Watchouts
Cash
£257K
-98.4% vs 2023
Net assets
-£63M
+20% vs 2023
Employees
0
Average over period
Profit before tax
-£15M
-136.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-15.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£3,881,000 | -£12,523,000 | |
| Profit before tax | -£6,469,000 | -£15,291,000 | |
| Net profit | -£6,469,000 | -£15,291,000 | |
| Cash | £16,111,000 | £257,000 | |
| Total assets less current liabilities | -£78,110,000 | -£62,519,000 | |
| Net assets | -£78,110,000 | -£62,519,000 | |
| Equity | -£78,110,000 | -£62,519,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
-98.4%
£16,111,000 £257,000
-
Net assets
+20%
-£78,110,000 -£62,519,000
-
Employees
—
Not reported
-
Operating profit
-222.7%
-£3,881,000 -£12,523,000
-
Profit before tax
-136.4%
-£6,469,000 -£15,291,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | 5.0% | 20.0% | |
| Gearing (liabilities / total assets) | 122.5% | 117.7% | |
| Current ratio | 0.43x | 0.47x | |
| Interest cover | -0.31x | -0.91x |
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
- GARRETT THERMAL SYSTEMS LIMITED 2003-10-01 → present
- SERCK HEAT TRANSFER LIMITED 1997-09-04 → 2003-10-01
- SHT 1997-08-27 → 1997-09-04
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The director has a reasonable expectation that the company has adequate resources, including support from Honeywell International Inc. to continue in operational existence for the foreseeable future being a period of at least 12 months from the date of signing these financial statements.”
Group structure
- GARRETT THERMAL SYSTEMS LIMITED · parent
- Xtralis Global Unlimited Company 99%
- Xtralis International Holdings Limited 100%
- Xtralis Technologies Ltd 100%
- Xtralis Holdings UK Limited 100%
- Xtralis (UK) Limited 100%
- Xtralis Security Holdings Limited 100%
- Xtralis US Global Holdings LLC 100%
- Xtralis Pty Ltd 100%
Significant events
- “There have been no material adjusting or disclosable events since the financial year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 39 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOUNZEO, Lazare | Director | 2024-08-19 | Sep 1967 | French |
Show 39 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ATTWOOD, Michael Peter | Secretary | 1999-04-30 | 2000-05-09 |
| DUGAN, Ian Robert | Secretary | 2000-05-09 | 2000-09-04 |
| ROGNEFLATEN, Kjersti | Secretary | 2000-09-04 | 2001-10-08 |
| TAYLOR, Nigel Keith | Secretary | 1997-08-27 | 1999-04-30 |
| EPS SECRETARIES LIMITED | Corporate Secretary | 2001-10-08 | 2008-06-30 |
| SISEC LIMITED | Corporate Secretary | 2008-06-30 | 2016-01-29 |
| AMELIO, William Joseph | Director | 2000-05-09 | 2000-07-08 |
| ATTWOOD, Michael Peter | Director | 1999-01-28 | 2000-05-09 |
| BALTUS, Richard Alexander | Director | 2006-02-20 | 2007-09-05 |
| CARTER, Susan Kay | Director | 2001-10-30 | 2002-03-15 |
| DUFFY, Patrick Joseph | Director | 2005-02-20 | 2006-02-20 |
| DUFFY, Patrick Joseph | Director | 2002-03-22 | 2005-02-20 |
| DUGAN, Ian Robert | Director | 1997-09-03 | 2001-03-30 |
| DUNN, Jennifer Maike | Director | 2020-09-25 | 2022-07-15 |
| DURSUN, Olga | Director | 2024-09-19 | 2024-12-15 |
| DURSUN, Olga | Director | 2020-02-21 | 2024-08-19 |
| EDEN, Stuart David | Director | 1997-09-03 | 2000-05-09 |
| ERKILIC, Mehmet | Director | 2016-12-12 | 2018-01-31 |
| HOGAN, Richard | Director | 2008-10-31 | 2018-09-30 |
| HOGAN, Richard | Director | 2008-10-23 | 2008-10-23 |
| ISMAIL, Alexandre Rohal | Director | 2003-09-01 | 2007-09-05 |
| KLIMENTOVA, Dagmar | Director | 2018-09-30 | 2020-02-21 |
| KNEIPP, James Russell | Director | 2006-02-20 | 2007-10-01 |
| MOLZAHN, Sven Eric | Director | 2007-11-01 | 2008-11-24 |
| NORRIS, David William | Director | 2006-06-26 | 2008-10-31 |
| NORRIS, David William | Director | 2002-02-01 | 2004-07-02 |
| OPHELE, Olivier | Director | 2008-11-24 | 2013-03-28 |
| PAYNE, Mark Joseph | Director | 2001-10-05 | 2005-12-31 |
| ROGNEFLATEN, Kjersti | Director | 2000-09-04 | 2002-04-12 |
| SCHRADY, Peter Hilt | Director | 2000-05-09 | 2000-07-01 |
| SNIJDERS, Lambert Walterus Maria | Director | 2001-10-30 | 2003-08-31 |
| TAYLOR, Nigel Keith | Director | 1997-08-27 | 1999-06-03 |
| TEED, Christopher Andrew | Director | 1997-08-27 | 2000-05-09 |
| TOWERS, John | Director | 1998-01-22 | 2000-05-09 |
| TOZIER, Scott Allen | Director | 2006-02-20 | 2007-11-01 |
| TREANOR, Sharon | Director | 2018-09-30 | 2020-09-25 |
| VICKERSTAFF, James Ryalls | Director | 2013-04-01 | 2018-09-30 |
| WOOLLEY, David John | Director | 1997-09-03 | 2000-05-09 |
| WRIGHT, Simon | Director | 2004-07-02 | 2006-02-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Honeywell Group Holding Uk Ii | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 189 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-20 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-16 | SH01 | capital | Capital allotment shares | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-08-14 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-07-25 | SH01 | capital | Capital allotment shares | |
| 2025-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-23 | AA | accounts | Accounts with accounts type full | |
| 2024-09-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-03 | CH01 | officers | Change person director company with change date | |
| 2024-05-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-01 | AA | accounts | Accounts with accounts type full | |
| 2023-06-16 | CH01 | officers | Change person director company with change date | |
| 2023-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-01 | CH01 | officers | Change person director company with change date | |
| 2022-09-21 | AA | accounts | Accounts with accounts type full | |
| 2022-08-23 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 2
- 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.