XPEL LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-06 (in 10mo)
Last made up 2026-02-20
Watchouts
None on the register
Cash
£492K
highest in 4 filed years
Net assets
-£2M
lowest in 4 filed years
Employees
57
highest in 4 filed years
Profit before tax
—
Period ending 2024-12-31
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | £3,931,775 | £5,402,236 | — | — | |
| Operating profit | £205,189 | £300,006 | — | — | |
| Profit before tax | £119,094 | £250,600 | — | — | |
| Net profit | £91,914 | £131,398 | — | — | |
| Cash | £312,165 | £32,268 | £397,493 | £491,681 | |
| Total assets less current liabilities | £490,846 | £3,756,233 | £2,779,295 | £1,704,718 | |
| Net assets | -£736,853 | -£605,455 | -£1,243,388 | -£2,193,549 | |
| Equity | -£736,853 | -£605,455 | -£1,243,388 | -£2,193,549 | |
| Average employees | 17 | 19 | 46 | 57 | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | 5.2% | 5.6% | — | — | |
| Net margin | 2.3% | 2.4% | — | — | |
| Return on capital employed | 41.8% | 8.0% | — | — | |
| Current ratio | — | — | 0.46x | 0.50x | |
| Interest cover | 2.38x | 6.07x | — | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Consolidated group
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Milsted Langdon LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The company has continued financial support as needed from the parent company to provide capital to meet liabilities when they fall due. The directors have sought and received assurances from the parent company that financial support will be forthcoming for the next 12 months. Having regard to the above and in assessing the going concern the directors have confirmed continued financial support will be provided for the foreseeable future on that basis, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- XPEL LTD · parent
- InvisiFRAME Limited 100%
Significant events
- “On 2 January 2026, the company entered into a sale and purchase agreement for the disposal of its subsidiary, InvisiFRAME Limited. The agreed consideration for the sale was $500,000. This transaction occurred after the reporting date and does not provide evidence of conditions that existed at the year end.”
- “In addition, upon the date of the sale, the provision for contingent consideration and earn out presented in these financial statements of £304,974 included provisions for liabilities will be written off.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RUTTEN, Marcel Christianus Maria | Director | 2025-10-01 | Dec 1963 | Dutch |
| WOOD, Barry Richard | Director | 2020-01-01 | Aug 1962 | American |
| XPEL INC. | Corporate Director | 2014-03-19 | — | — |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AWODIRAN, Babatunde | Director | 2024-04-26 | 2025-02-18 |
| PAPE, Ryan Lewis | Director | 2014-03-19 | 2024-04-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Xpel Inc. | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 51 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-04 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-03-03 | GAZ1 | gazette | Gazette notice compulsory | |
| 2026-02-26 | AA | accounts | Accounts with accounts type group | |
| 2025-10-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | AA | accounts | Accounts with accounts type group | |
| 2024-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-08 | AA | accounts | Accounts with accounts type small | |
| 2023-08-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-16 | CH01 | officers | Change person director company with change date | |
| 2023-05-16 | CH01 | officers | Change person director company with change date | |
| 2023-02-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-02-22 | CH02 | officers | Change corporate director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.