ITP ENGINES UK LIMITED
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Cash
£325K
-83.9% vs 2023
Net assets
£9.6M
-11% vs 2023
Employees
111
-14% vs 2023
Profit before tax
-£1.3M
+63.9% 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 | £16,071,000 | £13,572,000 | -15.5% | |
| Operating profit | -£3,406,000 | -£1,283,000 | +62.3% | |
| Profit before tax | -£3,544,000 | -£1,281,000 | +63.9% | |
| Net profit | -£2,516,000 | -£1,225,000 | +51.3% | |
| Cash | £2,013,000 | £325,000 | -83.9% | |
| Total assets less current liabilities | £14,088,000 | £12,733,000 | -9.6% | |
| Net assets | £10,778,000 | £9,588,000 | -11% | |
| Equity | £10,778,000 | £9,588,000 | -11% | |
| Average employees | 129 | 111 | -14% | |
| Wages | £6,496,000 | £5,873,000 | -9.6% | |
| Directors' remuneration | £159,000 | £185,000 | +16.4% |
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 | -21.2% | -9.5% | |
| Net margin | -15.7% | -9.0% | |
| Return on capital employed | -24.2% | -10.1% | |
| Gearing (liabilities / total assets) | 38.8% | 39.8% | |
| Current ratio | 4.09x | 4.15x | |
| Interest cover | — | -61.10x |
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
- ITP ENGINES UK LIMITED 2008-09-10 → present
- DUNWILCO (1535) LIMITED 2008-02-29 → 2008-09-10
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that the company has sufficient cash and liquidity to continue to be able to settle its debts, as and when they fall due, for a period of at least 18 months from the date of approval of these financial statements. In making this assessment, the future cash flow forecasts for the period up to the end of December 2026 have been considered, including utilising a severe but plausible downside scenario to the latest forecasts. Due to the impact of the closure of the Lincoln site and the macroeconomic environment in which the company operates (and is likely to be operating in for the immediate future) the directors have requested and obtained a letter of support from the parent company. Whilst not legally binding, based upon discussions with the group finance team around the ability and intent of the parent company to provide the required support, as and when needed, and based upon prior support being made available to the company the directors have concluded that this support will be available and hence the going concern basis of preparation has been deemed to be appropriately applied.”
Group structure
- ITP ENGINES UK LIMITED · parent
- Power Jets (Research and Development) Limited 100%
Significant events
- “On 29 November 2023, it was announced that there was a risk that the companies Lincoln site could be closed in 2025. The company began collective consultation on 12 December 2023. On 6 March 2024, and following the period of consultation, the company confirmed the closure of the ITP Engines UK Limited Lincoln Site.”
- “On 6 March 2024, the company confirmed the decisions to close the ITP Engines UK Limited site at Lincoln. The decision still stands, and actions to support the site closure are ongoing, including regular communication with the effected employees.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEIGHTON, Robert Steven | Secretary | 2008-12-31 | — | British |
| GORRONO ARREGUI, Valentin | Director | 2024-07-19 | Apr 1977 | Spanish |
| GUIL LÓPEZ, Eva | Director | 2025-10-08 | Jul 1971 | Spanish |
| OTERO AGUAYO, Maria Carmen | Director | 2021-06-11 | Jun 1973 | Spanish |
| PRICE, Daniel | Director | 2022-05-20 | Jul 1965 | British |
| WILLIAMSON, Ian Roger | Director | 2022-05-20 | Feb 1973 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| D.W. COMPANY SERVICES LIMITED | Corporate Secretary | 2008-02-29 | 2008-12-31 |
| ALVAREZ RUBIO, Luis | Director | 2020-09-01 | 2024-01-10 |
| ASKEW, Craig Michael | Director | 2009-07-06 | 2013-03-22 |
| GONZALEZ SAN SEGUNDO, Manuel Pablo | Director | 2020-09-01 | 2025-03-03 |
| MARTELL, Alvaro Santodomingo | Director | 2008-09-30 | 2020-09-02 |
| NAVARRO-FUENTES, Ricardo | Director | 2020-09-01 | 2022-05-19 |
| ROBERTSON KILLE, Alistair Gordon | Director | 2025-03-03 | 2025-10-07 |
| SANTOLAYA GONZALEZ, Miguel Angel | Director | 2020-09-01 | 2021-06-09 |
| D.W. DIRECTOR 1 LIMITED | Corporate Director | 2008-02-29 | 2008-09-09 |
| INDUSTRIA DE TURBO PROPULSORES, SA | Corporate Director | 2008-09-09 | 2020-09-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Industria De Turbo Propulsores, S.A | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-01-31 |
Filing timeline
Last 20 of 86 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-02-15 RESOLUTIONS Resolution
- 2023-02-15 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2025-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-21 | AA | accounts | Accounts with accounts type full | |
| 2024-04-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-25 | AA | accounts | Accounts with accounts type full | |
| 2023-04-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-15 | RESOLUTIONS | resolution | Resolution | |
| 2023-02-15 | MA | incorporation | Memorandum articles | |
| 2023-02-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-31 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.