EUROPEAN TUBES GROUP LIMITED
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Cash
£379k
-34.5% vs 2024
Net assets
£6m
+12.2% highest in 5 filed years
Employees
37
-2.6% vs 2024
Profit before tax
£1.8m
+22.3% vs 2024
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £13,433,401 | £12,693,834 | -5.5% | |
| Operating profit | — | — | — | £1,469,848 | £1,806,546 | +22.9% | |
| Profit before tax | — | — | — | £1,480,595 | £1,810,062 | +22.3% | |
| Net profit | — | — | — | £1,136,129 | £1,341,801 | +18.1% | |
| Cash | £1,429 | £42,444 | £66,113 | £578,622 | £378,777 | -34.5% | |
| Total assets less current liabilities | £3,037,386 | £3,034,494 | £3,791,735 | £5,438,594 | £6,046,647 | +11.2% | |
| Net assets | £3,019,427 | £2,982,468 | £3,746,768 | £5,315,014 | £5,965,754 | +12.2% | |
| Equity | £3,019,427 | £2,982,468 | £3,746,768 | £5,315,014 | £5,965,754 | +12.2% | |
| Average employees | 2 | 2 | 2 | 38 | 37 | -2.6% | |
| Wages | — | — | — | £1,975,082 | £1,614,912 | -18.2% | |
| 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. 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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 10.9% | 14.2% | |
| Net margin | — | — | — | 8.5% | 10.6% | |
| Return on capital employed | — | — | — | 27.0% | 29.9% | |
| Gearing (liabilities / total assets) | 0.9% | 27.7% | 28.1% | 34.3% | 24.6% | |
| Current ratio | — | — | — | 2.91x | 4.07x |
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
- WP Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group and parent company have adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting”
Group structure
- EUROPEAN TUBES GROUP LIMITED · parent
- European Tubes Limited 100%
- Tube Solutions Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FLANNERY, Victoria Diane, Mrs. | Director | 2016-09-09 | Jul 1972 | British |
| GRATTON, Kevin Charles, Mr. | Director | 2016-09-09 | Oct 1963 | British |
| GRATTON, Ryan Kevin | Director | 2025-12-16 | Mar 1994 | British |
| GRATTON, Steven Charles | Director | 2025-12-16 | May 1989 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr. Kevin Charles Gratton | Individual | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-09-09 | Active |
Filing timeline
Last 20 of 29 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type group | |
| 2026-07-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-16 | CH01 | officers | Change person director company with change date | |
| 2026-07-16 | CH01 | officers | Change person director company with change date | |
| 2025-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type small | |
| 2023-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type small | |
| 2022-07-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-30 | AA | accounts | Accounts with accounts type small | |
| 2021-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-22 | AA | accounts | Accounts with accounts type small | |
| 2020-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-27 | AA | accounts | Accounts with accounts type small | |
| 2019-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- 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.