TSL LIMITED
Operating as a wholly owned subsidiary of Tonroe Group Limited, the company provides engineering design services for industrial processes and production facilities.
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Cash
£49M
+58.9% vs 2023
Net assets
£44M
+68.8% vs 2023
Employees
252
+30.6% vs 2023
Profit before tax
£27M
+169.8% 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 | £296,655,000 | £526,598,000 | +77.5% | |
| Operating profit | £9,819,000 | £26,582,000 | +170.7% | |
| Profit before tax | £9,898,000 | £26,702,000 | +169.8% | |
| Net profit | £7,374,000 | £19,801,000 | +168.5% | |
| Cash | £31,100,000 | £49,425,000 | +58.9% | |
| Total assets less current liabilities | £26,394,000 | £49,311,000 | +86.8% | |
| Net assets | £25,890,000 | £43,711,000 | +68.8% | |
| Equity | £25,890,000 | £43,711,000 | +68.8% | |
| Average employees | 193 | 252 | +30.6% | |
| Wages | £16,495,000 | £23,879,000 | +44.8% | |
| Directors' remuneration | £369,000 | £531,000 | +43.9% |
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 | 3.3% | 5.0% | |
| Net margin | 2.5% | 3.8% | |
| Return on capital employed | 37.2% | 53.9% | |
| Gearing (liabilities / total assets) | 80.6% | 78.7% | |
| Current ratio | 1.21x | 1.29x |
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
- TSL LIMITED 2018-11-29 → present
- TSL PROJECTS LIMITED 2003-09-04 → 2018-11-29
- EXCLUSIVE PREVIEW LIMITED 2002-07-23 → 2003-09-04
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”
Significant events
- “Construction began on the third facility at SmartParc SEGRO Derby.”
- “Awarded a subsequent project by Greggs to deliver their National Distribution Centre.”
- “Official opening of the Energy Centre at SmartParc.”
- “Secured a highly prestigious automotive project in the UK for a leading global brand.”
- “Award of an advanced wound management facility.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WILD, Jacqueline | Secretary | 2003-09-04 | — | British |
| BEASLEY, Matthew John | Director | 2024-04-01 | Jan 1984 | British |
| MCDONNELL, Michael Aidan | Director | 2003-09-04 | Apr 1974 | Irish |
| PORTER, Elizabeth | Director | 2021-01-04 | Jul 1963 | British |
| SHARMA, Chetan | Director | 2025-09-26 | Jun 1984 | British |
| WILD, Jacqueline | Director | 2003-09-04 | Jul 1967 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JAMES, Peta Elizabeth Ann | Nominee Secretary | 2002-07-23 | 2003-09-04 |
| BROOKES, Graeme | Director | 2021-01-04 | 2024-04-01 |
| CARA, Helen Bina | Nominee Director | 2002-07-23 | 2003-09-04 |
| MAGEE, Philip Andrew | Director | 2003-09-04 | 2004-01-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tonroe Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 93 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-04 | AA | accounts | Accounts with accounts type full | |
| 2024-08-07 | AA | accounts | Accounts with accounts type full | |
| 2024-07-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-14 | AA | accounts | Accounts with accounts type full | |
| 2022-08-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-05-27 | AA | accounts | Accounts with accounts type full | |
| 2022-04-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-07-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-06-09 | AA | accounts | Accounts with accounts type full | |
| 2021-06-04 | CH01 | officers | Change person director company with change date | |
| 2021-05-25 | AP01 | officers | Appoint person director company with name date | |
| 2021-05-25 | AP01 | officers | Appoint person director company with name date | |
| 2020-07-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-07-07 | AA01 | accounts | Change account reference date company current extended |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- 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.