EUROPEAN TUBES GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-27 (in 2mo)
Last made up 2025-07-13
Watchouts
None on the register
Cash
£579K
-15.1% vs 2023
Net assets
£5M
+7% highest in 4 filed years
Employees
38
+8.6% highest in 4 filed years
Profit before tax
£1M
-28.2% vs 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £15,667,763 | £13,433,401 | |
| Operating profit | — | — | — | — | £2,063,689 | £1,469,848 | |
| Profit before tax | — | — | — | — | £2,062,154 | £1,480,595 | |
| Net profit | — | — | — | — | £1,562,622 | £1,136,129 | |
| Cash | £468 | £1,429 | £42,444 | £66,113 | £681,796 | £578,622 | |
| Total assets less current liabilities | £2,569,273 | £3,037,386 | — | — | £5,019,985 | £5,438,594 | |
| Net assets | £2,549,137 | £3,019,427 | — | — | £4,968,523 | £5,315,014 | |
| Equity | £2,549,137 | £3,019,427 | £4,051,502 | £5,071,303 | £4,968,523 | £5,315,014 | |
| Average employees | 2 | 2 | — | — | 35 | 38 | |
| Wages | — | — | — | — | £1,693,924 | £1,975,082 | |
| 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
-
Turnover
-14.3%
£15,667,763 £13,433,401
-
Cash
-15.1%
£681,796 £578,622
-
Net assets
+7%
£4,968,523 £5,315,014
highest in 4 filed years
-
Employees
+8.6%
35 38
highest in 4 filed years
-
Operating profit
-28.8%
£2,063,689 £1,469,848
-
Profit before tax
-28.2%
£2,062,154 £1,480,595
-
Wages
+16.6%
£1,693,924 £1,975,082
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 13.2% | 10.9% | |
| Net margin | — | — | — | — | 10.0% | 8.5% | |
| Return on capital employed | — | — | — | — | 41.1% | 27.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | 38.3% | 34.3% | |
| Current ratio | — | — | — | — | 2.56x | 2.91x | |
| Interest cover | — | — | — | — | 353.43x | 297.06x |
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
- Afford Bond Holdings Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. 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
- 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 25 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2018-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-06-08 | AA | accounts | Accounts with accounts type small | |
| 2017-09-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2017-09-19 | AA01 | accounts | Change account reference date company current extended |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.