TEV LIMITED — The Accounts

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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-08-27 (in 3mo)

Last made up 2025-08-13

Watchouts

None on the register

Cash

£38K

+4.2% vs 2023

Net assets

£5M

-4.8% vs 2023

Employees

-10.5% lowest in 4 filed years

Profit before tax

-£264K

-48% lowest in 4 filed years

Net assets

7-year trend · vs Industrials median

TEV LIMITED·Industrials median · n=22756

Accounts

7-year trend · latest reflected 2024-12-31

Metric	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31
Turnover	—	—	—	£8,540,677	—	£6,978,073	£7,602,997
Operating profit	—	—	—	£21,801	—	-£14,411	-£129,721
Profit before tax	—	—	—	-£20,055	£198,670	-£178,311	-£263,961
Net profit	—	—	—	£229,344	£295,862	£7,035	-£240,733
Cash	—	—	—	£30,955	£57,143	£36,498	£38,034
Total assets less current liabilities	—	—	—	£4,802,193	£5,141,919	£5,127,802	£4,851,357
Net assets	—	—	—	£4,764,193	£5,060,055	£5,067,090	£4,826,357
Equity	£5,083,365	£5,035,587	£4,534,849	£4,764,193	£5,060,055	£5,067,090	£4,826,357
Average employees	—	—	—	63	73	57	51
Wages	—	—	—	£1,920,525	£2,259,883	£1,980,312	£1,760,529
Directors' remuneration	—	—	—	£485,084	£447,989	£352,501	£415,040

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

+9%

£6,978,073 £7,602,997
Cash

+4.2%

£36,498 £38,034
Net assets

-4.8%

£5,067,090 £4,826,357
Employees

-10.5%

57 51

lowest in 4 filed years
Operating profit

-800.2%

-£14,411 -£129,721

lowest in 3 filed years
Profit before tax

-48%

-£178,311 -£263,961

lowest in 4 filed years
Wages

-11.1%

£1,980,312 £1,760,529

lowest in 4 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

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31
Operating margin	—	—	—	0.3%	—	-0.2%	-1.7%
Net margin	—	—	—	2.7%	—	0.1%	-3.2%
Return on capital employed	—	—	—	0.5%	—	-0.3%	-2.7%
Current ratio	—	—	—	—	—	2.68x	2.73x
Interest cover	—	—	—	0.52x	—	-0.09x	-0.97x

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 3 times since incorporation

TEV LIMITED 2007-01-08 → present
MARSTAIR LIMITED 2003-11-04 → 2007-01-08
IMI AIR CONDITIONING LIMITED 2003-10-06 → 2003-11-04
PINCO 1998 LIMITED 2003-08-13 → 2003-10-06

Audit & accounting basis

Accounting basis: FRS 102
Reporting scope: Consolidated group
Auditor: Azets Audit Services Limited
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“The directors are viewing 2025 with mild optimism and at the time of approving the financial statements, the company has sufficient resources to enable trading to continue for a period of at least one year from the date of their approval. Accordingly, these financial statements have been prepared on the going concern basis.”

Significant events

“2024 proved to be a mixed year with the market remaining fairly consistent up to the General Election. Clearly any anticipated government support for our Industry did not transpire and with this uncertainty remaining many Customers took a zero investment stance. The caused demand to fall in the later part of the year. Supply chain challenges eased but the sudden downturn led to overstocking across Customers and Suppliers alike. As a business we moved to a more suitable building and took a leaner approach to cost.”
“In 2024, the company moved its premises from which it operates. As part of the move the company incurred expenditure in relation to dilapidations on the exiting property and refurbishment of the new property which is exceptional to the normal course of business.”

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

People

3 active · 14 resigned

Name	Role	Appointed	Born	Nationality
DOBSON, John	Secretary	2020-04-29	—	—
CARR-SMITH, James Lewis	Director	2017-11-24	Mar 1978	British
DOBSON, John	Director	2019-08-01	Apr 1967	British

Show 14 resigned officers

Name	Role	Appointed	Resigned
DOSSETT, Richard	Secretary	2003-09-24	2017-05-19
LEE, Andrew	Secretary	2017-11-24	2020-04-29
PINSENT MASONS SECRETARIAL LIMITED	Corporate Secretary	2003-08-13	2003-09-24
ATKINSON, Julian	Director	2020-06-08	2023-06-30
BROWN, Christopher John	Director	2017-11-24	2019-04-10
CHISMAN, Christopher Leonard	Director	2011-11-10	2025-04-17
CROWN, Andrew	Director	2019-08-01	2021-12-31
DOSSETT, Richard	Director	2003-09-24	2017-05-19
HAMMERSLEY, Anthony Charles	Director	2003-09-24	2020-04-29
LEE, Andrew	Director	2017-11-24	2020-04-30
LIGHTFOOT, John William	Director	2003-09-24	2017-05-19
ROBINSON, Carl Nigel	Director	2003-09-24	2003-10-31
VIGOR, James Alfred	Director	2003-10-31	2017-05-19
PINSENT MASONS DIRECTOR LIMITED	Corporate Director	2003-08-13	2003-09-24

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Thermal Energy Ventures Limited	Corporate entity	Shares 75–100%	2016-04-06	Active

Filing timeline

Last 20 of 116 total filings

Date	Type	Category	Description
2026-05-05	MR01	mortgage	Mortgage create with deed with charge number charge creation date	PDF
2025-12-08	MR01	mortgage	Mortgage create with deed with charge number charge creation date	PDF
2025-10-08	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2025-10-08	TM01	officers	Termination director company with name termination date	PDF
2025-07-17	AA	accounts	Accounts with accounts type full	PDF
2024-11-19	AD01	address	Change registered office address company with date old address new address	PDF
2024-10-18	CS01	confirmation-statement	Confirmation statement with no updates
2024-09-30	AA	accounts	Accounts with accounts type full	PDF
2023-09-19	AA	accounts	Accounts with accounts type full	PDF
2023-08-23	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-07-21	TM01	officers	Termination director company with name termination date	PDF
2022-09-28	AA	accounts	Accounts with accounts type full	PDF
2022-08-15	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-01-01	TM01	officers	Termination director company with name termination date	PDF
2021-09-24	AA	accounts	Accounts with accounts type full	PDF
2021-09-01	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2020-12-15	AA	accounts	Accounts with accounts type full
2020-08-25	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2020-06-11	AP01	officers	Appoint person director company with name date	PDF
2020-04-30	TM01	officers	Termination director company with name termination date	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 5
Capital events: 0
Officers appointed: 0
Officers resigned: 0

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

Official Companies House page