TOWNSEND GROUP EUROPE LTD.
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-19 (in 7mo)
Last made up 2025-12-05
Watchouts
Cash
£7M
+5.9% vs 2023
Net assets
£9M
-0.8% vs 2023
Employees
16
-5.9% vs 2023
Profit before tax
£800K
-17.6% 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
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £7,030,000 | £9,686,000 | |
| Operating profit | £624,000 | £444,000 | |
| Profit before tax | £971,000 | £800,000 | |
| Net profit | £965,000 | £620,000 | |
| Cash | £7,052,000 | £7,466,000 | |
| Total assets less current liabilities | £10,066,000 | £9,950,000 | |
| Net assets | £9,443,000 | £9,364,000 | |
| Equity | £9,443,000 | £9,364,000 | |
| Average employees | 17 | 16 | |
| Wages | £2,739,000 | £5,103,000 | |
| Directors' remuneration | £1,397,000 | £1,322,000 |
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
+37.8%
£7,030,000 £9,686,000
-
Cash
+5.9%
£7,052,000 £7,466,000
-
Net assets
-0.8%
£9,443,000 £9,364,000
-
Employees
-5.9%
17 16
-
Operating profit
-28.8%
£624,000 £444,000
-
Profit before tax
-17.6%
£971,000 £800,000
-
Wages
+86.3%
£2,739,000 £5,103,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 8.9% | 4.6% | |
| Net margin | 13.7% | 6.4% | |
| Return on capital employed | 6.2% | 4.5% | |
| Gearing (liabilities / total assets) | 19.6% | 24.9% | |
| Current ratio | 6.82x | 4.88x | |
| Interest cover | 62.40x | 55.50x |
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
- TOWNSEND GROUP EUROPE LTD. 2009-05-01 → present
- BATDRIFT LIMITED 2008-12-05 → 2009-05-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“No material uncertainties that may cast significant doubt about the ability of the Company to continue as a going concern have been identified by the Directors. The financial statements have therefore been prepared on a going concern basis.”
Significant events
- “On 1 August 2024, the group headed by Townsend Holdings, LLC (the "Townsend Group"), of which the Company is a member, was acquired by an affiliate of the Riverside Company. The new ultimate parent undertaking and controlling party is TRC RVF AM LLC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANGUS, Morgan William Charles | Director | 2019-01-25 | Feb 1973 | British |
| FRAMMARTINO, Anthony | Director | 2009-04-23 | Nov 1975 | American |
| WEIHRAUCH JR., Ronald Lee | Director | 2024-08-27 | Dec 1976 | American |
| WHITE, Brian Michael | Director | 2024-08-27 | Jul 1973 | American |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OLSZAK, Joseph Patrick | Secretary | 2009-04-23 | 2019-01-25 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Secretary | 2008-12-05 | 2009-04-25 |
| AHERN, Terrance R | Director | 2009-04-23 | 2022-05-17 |
| LEVY, Adrian Joseph Morris | Director | 2008-12-05 | 2009-04-25 |
| OLSZAK, Joseph Patrick | Director | 2009-04-23 | 2019-01-25 |
| PUDGE, David John | Director | 2008-12-05 | 2009-04-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aon Plc | Corporate entity | Significant influence | 2017-12-29 | Ceased 2024-08-01 |
| Northstar Asset Management Group Inc., | Corporate entity | Significant influence | 2016-04-06 | Ceased 2017-12-29 |
Filing timeline
Last 20 of 81 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-23 | CH01 | officers | Change person director company with change date | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2024-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-13 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-12-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-04 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-12-04 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-08-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-25 | AA | accounts | Accounts with accounts type full | |
| 2023-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-26 | CH01 | officers | Change person director company with change date | |
| 2023-07-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-01 | AA | accounts | Accounts with accounts type full | |
| 2022-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-08 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-05 | AA | accounts | Accounts with accounts type full | |
| 2022-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-03 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.