TURBO POWER SYSTEMS GROUP LIMITED
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Cash
£573k
-44.8% lowest in 3 filed years
Net assets
£2.2m
-54.2% lowest in 3 filed years
Employees
110
-8.3% lowest in 3 filed years
Profit before tax
-£3.6m
-574.8% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-10-03.
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 | £13,465,000 | £10,690,000 | £7,889,000 | -26.2% | |
| Operating profit | £778,000 | -£379,000 | -£3,353,000 | -784.7% | |
| Profit before tax | £634,000 | -£527,000 | -£3,556,000 | -574.8% | |
| Net profit | £914,000 | -£693,000 | -£2,661,000 | -284% | |
| Cash | £757,000 | £1,038,000 | £573,000 | -44.8% | |
| Total assets less current liabilities | £5,859,000 | £5,464,000 | £2,837,000 | -48.1% | |
| Net assets | £5,602,000 | £4,909,000 | £2,248,000 | -54.2% | |
| Equity | £5,602,000 | £4,909,000 | £2,248,000 | -54.2% | |
| Average employees | 122 | 120 | 110 | -8.3% | |
| Wages | £4,771,000 | £4,993,000 | £4,834,000 | -3.2% | |
| Directors' remuneration | £408,783 | £320,872 | £418,381 | +30.4% | |
| Directors' pension contributions | £43,968 | £39,661 | £43,927 | +10.8% | |
| Highest paid director | £151,737 | £129,774 | £174,806 | +34.7% |
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 | 5.8% | -3.5% | -42.5% | |
| Net margin | 6.8% | -6.5% | -33.7% | |
| Return on capital employed | 13.3% | -6.9% | -118.2% | |
| Gearing (liabilities / total assets) | 48.8% | 49.8% | 75.5% | |
| Current ratio | 1.89x | 1.66x | 0.97x | |
| Interest cover | 5.40x | -2.28x | -16.52x |
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
- TURBO POWER SYSTEMS GROUP LIMITED 2019-01-08 → present
- TWC3N LIMITED 2016-09-20 → 2019-01-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 the parent company's ability to continue as a going concern”
Group structure
- TURBO POWER SYSTEMS GROUP LIMITED · parent
- Turbo Power Systems Limited 100%
- Turbo Power Systems Brasil Ltda 100%
- TPS Rail Limited 100%
- TPS Energy Limited 100%
- TPS Emachines Ltd 100%
Significant events
- “In January 2023 the Group changed its working capital funding from confidential invoice discounting to a trade loan facility.”
- “The Group established a line of credit from EG Momentum, a shareholder, via a convertible loan of £1,500,000 in October 2025 which was used to fund the Group.”
- “On 19 March 2026, Turbo Power Systems Group Limited secured a total investment of £10 million (of which £1.5 m was the conversion of the previous loan) from Energy Growth Momentum III L.P. and Energy Growth Momentum III B L.P payable by instalments.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DRAKE, Hector Donald Arthur | Director | 2026-03-19 | Aug 1986 | British |
| JAKEMAN, Nigel, Dr | Director | 2016-09-20 | May 1974 | British |
| MARTINS DAS NEVES, Carlos Augusto | Director | 2016-09-20 | Dec 1966 | Portuguese |
| MCLELLAN, Ross Andrew Gordon | Director | 2025-10-21 | Jan 1977 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAGGETT, Ian Robert, Dr | Director | 2022-05-26 | 2025-07-23 |
| BAGGETT, Ian Robert, Dr | Director | 2018-07-06 | 2019-10-24 |
| RENDELL, Charles Ian | Director | 2016-09-20 | 2026-07-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Energy Growth Momentum Iii L.P. | Corporate entity | Shares 25–50%, Voting 25–50% | 2026-03-19 | Active |
| Energy Growth Momentum Iii B Lp | Corporate entity | Shares 50–75%, Voting 50–75% | 2026-03-19 | Active |
| Dr Nigel Jakeman | Individual | Shares 25–50%, Voting 25–50% | 2016-09-20 | Ceased 2022-04-28 |
| Mr Carlos Augusto Martins Das Neves | Individual | Shares 25–50%, Voting 25–50% | 2016-09-20 | Ceased 2022-04-28 |
| Mr Charles Ian Rendell | Individual | Shares 25–50%, Voting 25–50% | 2016-09-20 | Ceased 2022-04-28 |
Filing timeline
Last 20 of 48 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-03 RESOLUTIONS Resolution
- 2026-04-03 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type group | |
| 2026-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-21 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-21 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-08 | CH01 | officers | Change person director company with change date | |
| 2026-04-08 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2026-04-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-03 | MA | incorporation | Memorandum articles | |
| 2026-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-22 | AA | accounts | Accounts with accounts type group | |
| 2025-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-19 | AA | accounts | Accounts with accounts type group | |
| 2023-09-28 | AA | accounts | Accounts with accounts type group | |
| 2023-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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.