GLOBAL TUNNELLING EXPERTS UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-16 (in 4mo)
Last made up 2025-09-02
Watchouts
Cash
£2M
-22.3% vs 2023
Net assets
£2M
-41.6% vs 2023
Employees
60
-40.6% vs 2023
Profit before tax
£391K
-75.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £13,143,711 | £7,447,976 | |
| Operating profit | — | — | — | — | — | £1,581,314 | £385,219 | |
| Profit before tax | — | — | — | — | — | £1,597,747 | £390,715 | |
| Net profit | — | — | — | — | — | £1,486,763 | £591,207 | |
| Cash | — | — | — | — | — | £2,460,368 | £1,912,146 | |
| Total assets less current liabilities | — | — | — | — | — | £4,105,211 | £2,396,418 | |
| Net assets | — | — | — | — | — | £4,105,211 | £2,396,418 | |
| Equity | £409,094 | £1,503,750 | £2,483,557 | £4,083,154 | £5,118,448 | £4,105,211 | £2,396,418 | |
| Average employees | — | — | — | — | — | 101 | 60 | |
| Wages | — | — | — | — | — | £9,704,906 | £5,812,965 | |
| Directors' remuneration | — | — | — | — | — | £116,940 | £116,940 |
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
-43.3%
£13,143,711 £7,447,976
-
Cash
-22.3%
£2,460,368 £1,912,146
-
Net assets
-41.6%
£4,105,211 £2,396,418
-
Employees
-40.6%
101 60
-
Operating profit
-75.6%
£1,581,314 £385,219
-
Profit before tax
-75.5%
£1,597,747 £390,715
-
Wages
-40.1%
£9,704,906 £5,812,965
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 12.0% | 5.2% | |
| Net margin | — | — | — | — | — | 11.3% | 7.9% | |
| Return on capital employed | — | — | — | — | — | 38.5% | 16.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 23.2% | 15.9% | |
| Current ratio | — | — | — | — | — | 4.28x | 6.26x | |
| Interest cover | — | — | — | — | — | 114.42x | 11.66x |
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
- GLOBAL TUNNELLING EXPERTS UK LIMITED 2010-01-10 → present
- INTERNATIONAL TUNNELING SERVICES UK LTD 2007-08-28 → 2010-01-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- ML Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis, as the directors are of the opinion the company has adequate resources to continue trading and satisfy its debts and obligations as they fall due for the foreseeable future.”
Significant events
- “The turnover has decreased by 43% due to the fact that several projects reached finalization which resulted in a decrease in manpower.”
- “The net current assets is showing a decrease of 42% due to a lower cash balance what is the result of a dividend payment.”
- “As expected the financial year 2024 showed a further decrease in revenue from £13.14 million last year towards £7.45 million this year. Revenue related to our two biggest projects Hinkley Point C and Woodsmith Mine declined further.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWNING, Kevin | Director | 2007-08-28 | Sep 1964 | British |
| NIELSEN, Claus | Director | 2011-06-01 | Jul 1964 | Danish |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLOOMSBURY REGISTRARS LIMITED | Corporate Secretary | 2007-08-28 | 2009-10-12 |
| MANSOUX, Isabelle Viviane | Director | 2011-06-01 | 2011-09-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dr Marin Herrenknecht | Individual | Significant influence | 2025-09-03 | Active |
| Mr Martin-Devid Herrenknecht | Individual | Significant influence | 2025-09-03 | Active |
| Mr Kevin Browning | Individual | Significant influence | 2016-04-06 | Ceased 2025-09-03 |
Filing timeline
Last 20 of 61 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-05 | CH01 | officers | Change person director company with change date | |
| 2025-09-04 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-04 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-06-13 | AA | accounts | Accounts with accounts type full | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-03 | AA | accounts | Accounts with accounts type full | |
| 2022-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-27 | AA | accounts | Accounts with accounts type full | |
| 2021-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-08 | AA | accounts | Accounts with accounts type full | |
| 2020-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-13 | AA | accounts | Accounts with accounts type small | |
| 2019-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-05-30 | AA | accounts | Accounts with accounts type small | |
| 2018-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-03-08 | AA | accounts | Accounts with accounts type small |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.