TESLA HOLDINGS LIMITED
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Cash
£390k
+274.8% highest in 3 filed years
Net assets
£9m
+29.2% highest in 3 filed years
Employees
27
0% vs 2024
Profit before tax
£1.9m
+46.3% highest in 3 filed years
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.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £14,257,233 | £14,682,688 | £12,907,370 | -12.1% | |
| Operating profit | £1,497,499 | £1,444,873 | £1,991,971 | +37.9% | |
| Profit before tax | £1,333,819 | £1,330,110 | £1,945,448 | +46.3% | |
| Net profit | £964,584 | £846,054 | £1,483,417 | +75.3% | |
| Cash | £114,647 | £104,190 | £390,472 | +274.8% | |
| Total assets less current liabilities | £6,841,015 | £7,603,558 | £9,026,051 | +18.7% | |
| Net assets | £6,142,861 | £6,988,755 | £9,026,051 | +29.2% | |
| Equity | £6,142,861 | £6,988,755 | £9,026,051 | +29.2% | |
| Average employees | 29 | 27 | 27 | 0% | |
| Wages | £995,716 | £1,013,882 | £1,078,846 | +6.4% | |
| Directors' remuneration | £542,742 | £645,956 | £499,052 | -22.7% | |
| Directors' pension contributions | £256,658 | £350,338 | £157,934 | -54.9% | |
| Highest paid director | £194,580 | £231,136 | £193,493 | -16.3% |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 10.5% | 9.8% | 15.4% | |
| Net margin | 6.8% | 5.8% | 11.5% | |
| Return on capital employed | 21.9% | 19.0% | 22.1% | |
| Gearing (liabilities / total assets) | 45.1% | 38.7% | 13.1% | |
| Current ratio | 1.69x | 2.12x | 5.19x | |
| Interest cover | 9.05x | 12.59x | 40.07x |
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
- Reporting scope
- Consolidated group
- Auditor
- Malcolm Piper & Company Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- TESLA HOLDINGS LIMITED · parent
- Thermcore Electricals Limited 100%
- Tesla UK Limited 100%
- Bowbros Limited 100%
- Alset Property Limited 100%
Significant events
- “On15 January 2026, the group sold the entire share capital of Thermcore Electricals Limited for a consideration of £100.”
- “On 15 January 2026, the group completed the sale of Alset Property Limited for a consideration of £3,270,000.”
- “On 15 January 2026, the existing shareholders of Tesla Holdings Limited exchanged their shares in the company for new shares in Tesla Group Holdings Limited.”
- “Subsequently on 16 January 2026, Watertite Products UK Limited acquired the entire share capital of Tesla Group Holdings Limited for a consideration of £17,188,283.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CASSELLA, Nicholas | Director | 2026-01-16 | Jun 1961 | American |
| QUINN, Patricia Anne | Director | 2018-01-19 | Apr 1965 | British |
| ST. MARTIN, Dan | Director | 2026-01-16 | May 1975 | American |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARDCASTLE, Christine | Director | 2015-03-28 | 2018-01-19 |
| HARDCASTLE, John Robert | Director | 2018-01-31 | 2026-01-16 |
| HARDCASTLE, John Robert | Director | 2015-03-28 | 2018-01-19 |
| HOWES, Dean Alan | Director | 2018-01-31 | 2026-01-16 |
| TAYLOR, Keith | Director | 2018-01-31 | 2026-01-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tesla Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-15 | Active |
| Ms Patricia Anne Quinn | Individual | Shares 25–50%, Voting 25–50% | 2018-01-19 | Ceased 2026-01-15 |
| Mr John Robert Hardcastle | Individual | Shares 50–75% | 2017-03-21 | Ceased 2018-01-19 |
| Mrs Christine Hardcastle | Individual | Shares 25–50% | 2017-03-21 | Ceased 2018-01-19 |
Filing timeline
Last 20 of 71 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-19 RESOLUTIONS Resolution
- 2026-01-19 MA Memorandum articles
- 2026-01-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-20 | AA | accounts | Accounts with accounts type group | |
| 2026-05-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-19 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-19 | MA | incorporation | Memorandum articles | |
| 2026-01-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-15 | SH01 | capital | Capital allotment shares | |
| 2026-01-15 | SH20 | capital | Legacy | |
| 2026-01-15 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-01-15 | CAP-SS | insolvency | Legacy | |
| 2026-01-15 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-14 | SH01 | capital | Capital allotment shares | |
| 2025-07-15 | AA | accounts | Accounts with accounts type group | |
| 2025-06-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-01 | PSC04 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 4
- Officers appointed
- 2
- 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.