THANET OFTO LIMITED
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Cash
£22m
+39.1% highest in 3 filed years
Net assets
£6.9m
+104.2% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£5.3m
-1.1% vs 2025
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £6,285,000 | £6,985,000 | £7,142,000 | +2.2% | |
| Operating profit | £1,945,000 | £2,186,000 | £2,086,000 | -4.6% | |
| Profit before tax | £2,880,000 | £5,386,000 | £5,326,000 | -1.1% | |
| Net profit | £1,618,000 | £3,431,000 | £4,312,000 | +25.7% | |
| Cash | £16,540,000 | £15,799,000 | £21,979,000 | +39.1% | |
| Total assets less current liabilities | £156,946,000 | £152,069,000 | £145,112,000 | -4.6% | |
| Net assets | £1,980,000 | £3,367,000 | £6,877,000 | +104.2% | |
| Equity | £1,980,000 | £3,367,000 | £6,877,000 | +104.2% | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | £0 | — |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 30.9% | 31.3% | 29.2% | |
| Net margin | 25.7% | 49.1% | 60.4% | |
| Return on capital employed | 1.2% | 1.4% | 1.4% | |
| Gearing (liabilities / total assets) | 98.9% | 98.0% | 95.8% | |
| Current ratio | 1.86x | 1.77x | 1.77x | |
| Interest cover | 0.19x | 0.28x | 0.30x |
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
- THANET OFTO LIMITED 2010-09-03 → present
- ALNERY NO. 2933 LIMITED 2010-08-12 → 2010-09-03
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and have therefore prepared the financial statements on a going concern basis.”
Significant events
- “On 23 December 2025, Balfour Beatty OFTO Holdings Limited sold its 20% shareholding in Thanet OFTO Holdco Limited to Equitix Master Bidco Limited. From 1 February 2026, Equitix Management Services Limited ("EMS") took over from Balfour Beatty Investments Limited in the provision of management services to the OFTO.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BALL, Jonathan | Director | 2024-12-04 | Sep 1980 | British |
| PULUR, Tarkan | Director | 2025-01-10 | Nov 1976 | German |
| ROBERTS, Timothy Mark | Director | 2026-07-03 | Jul 1993 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CAUNTER, Moira | Secretary | 2022-08-01 | 2025-09-11 |
| DAVISON, Peter | Secretary | 2017-12-21 | 2018-09-26 |
| FURMSTON, Nicholas James | Secretary | 2017-06-23 | 2017-12-21 |
| IBRAHIM, Saiema | Secretary | 2018-09-26 | 2022-08-01 |
| MARSHALL, Nigel John | Secretary | 2010-12-08 | 2015-02-25 |
| URWIN, Steven | Secretary | 2025-10-02 | 2025-12-23 |
| WILLIAMS, Clayre Shona | Secretary | 2015-02-25 | 2017-06-23 |
| ALNERY INCORPORATIONS NO. 1 LIMITED | Corporate Secretary | 2010-08-12 | 2010-12-08 |
| BURGESS, Benjamin Michael | Director | 2021-02-19 | 2024-02-27 |
| COLLINS, Rebecca | Director | 2015-02-11 | 2020-05-01 |
| EDWARDS, Robert John | Director | 2024-05-29 | 2025-12-23 |
| GILL, Paul Ellis | Director | 2024-02-27 | 2024-12-04 |
| GILL, Paul Ellis | Director | 2020-05-01 | 2022-10-18 |
| JONES, Sion Laurence | Director | 2015-02-11 | 2017-12-21 |
| MCLACHLAN, Sean Kent | Director | 2015-08-20 | 2015-12-17 |
| MORRIS, Craig Alexander James | Director | 2010-08-12 | 2010-12-08 |
| ORRELL, Stewart | Director | 2010-12-08 | 2015-08-20 |
| ROOKE, Simon | Director | 2015-12-17 | 2017-08-02 |
| SHERMAN, Jemma Louise | Director | 2022-10-18 | 2025-01-10 |
| SINCLAIR, John | Director | 2017-08-02 | 2024-05-29 |
| WAKEFIELD, Nathan John, Mr. | Director | 2017-12-21 | 2021-02-19 |
| WALKER, Brian Roland | Director | 2010-12-08 | 2025-12-23 |
| ALNERY INCORPORATIONS NO. 1 LIMITED | Corporate Director | 2010-08-12 | 2010-12-08 |
| ALNERY INCORPORATIONS NO. 2 LIMITED | Corporate Director | 2010-08-12 | 2010-12-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thanet Ofto Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 96 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-08-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-10-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2025-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-04 | AA | accounts | Accounts with accounts type full | |
| 2024-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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.