TEV HOLDINGS LIMITED

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

• Turnover

  +9%

  £6,978,073 → £7,602,997

• Cash

  +4.2%

  £36,522 → £38,057

• Net assets

  -34.2%

  -£3,108,008 → -£4,172,147

  lowest in 6 filed years

• Employees

  -10.7%

  56 → 50

• Operating profit

  -29.6%

  -£472,875 → -£613,032

• Profit before tax

  -14.7%

  -£1,158,690 → -£1,328,473

• Wages

  -11.1%

  £1,980,312 → £1,760,529

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

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.

1. TEV HOLDINGS LIMITED 2017-04-03 → present
2. SCHOSWEEN 35 LIMITED 2017-02-22 → 2017-04-03

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Azets Audit Services 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

1. TEV HOLDINGS LIMITED · parent
   1. Thermal Energy Ventures Limited 100% · England and Wales · Dormant holding company
   2. Marstair Limited 100% · England and Wales · Dormant company
   3. Quartz Limited 100% · England and Wales · Dormant company
   4. TEV Limited 100% · England and Wales · Design and manufacture of air conditioning
   5. Heatking Limited 100% · England and Wales · Dormant company

Significant events

• “2024 proved to be a mixed year with the market remaining fairly consistent up to the General Election. Clearly any anticipated government support for our Industry did not transpire and with this uncertainty remaining many Customers took a zero investment stance. The caused demand to fall in the later part of the year.”
• “Supply chain challenges eased but the sudden downturn led to overstocking across Customers and Suppliers alike.”
• “As a business we moved to a more suitable building and took a leaner approach to cost.”
• “The year saw a small increase in EBITDA when adding back Exceptional items (see note 4) and the business continued to generated cash allowing it to repay debt and position itself well for 2025.”
• “In 2024, the company moved its premises from which it operates. As part of the move the company incurred expenditure in relation to dilapidations on the exiting property and refurbishment of the new property which is exceptional to the normal course of business.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.