TEW PLUS LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  +57%

  £11,505,304 → £18,063,678

• Cash

  —

  Not reported

• Net assets

  +84%

  £271,367 → £499,371

• Employees

  -5.1%

  39 → 37

  lowest in 4 filed years

• Operating profit

  +102.6%

  -£8,857,497 → £228,004

  first positive since 2023

• Profit before tax

  +102.6%

  -£8,857,386 → £228,004

  first positive since 2023

• Wages

  -17.6%

  £1,644,741 → £1,354,807

  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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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 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.”

Significant events

• “The Directors are pleased with the result achieved during 2024. The prior year presented several operational and economic challenges, which impacted overall profitability. In the current year, the company implemented targeted measures to address these issues, resulting in a more favorable financial outcome.”
• “The Technology Services stream has continued to experience working capital pressure in the year; directly related to the delays on servicing our major projects. With completion dates being regularly deferred or extended this in turn impacted cashflow.”
• “During the financial year, the company maintained stable revenues, with sales remaining consistent compared to the prior year, excluding exceptional adjustments. A key focus for the year was operational efficiency. The company undertook a comprehensive review of its administrative functions, resulting in a reduction in administrative expenses. These cost-saving measures included streamlining internal processes, securing new premises and renegotiating supplier contracts. As a result of these efforts, the company has seen an improvement in overall profitability. The reduction in overheads has contributed positively to the bottom line, positioning the business for sustainable growth in future years.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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