GREENRAY TURBINE SOLUTIONS LIMITED
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Cash
£4.1m
highest in 6 filed years
Net assets
£9.7m
highest in 6 filed years
Employees
71
Average over period
Profit before tax
£5.4m
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £7,941,000 | £8,019,000 | £9,741,000 | £12,523,000 | £20,741,000 | £23,361,000 | — | |
| Operating profit | — | — | — | £1,937,000 | £5,157,000 | £5,606,000 | — | |
| Profit before tax | -£373,000 | £555,000 | £691,000 | £1,577,000 | £4,903,000 | £5,389,000 | — | |
| Net profit | -£317,000 | £420,000 | £550,000 | £1,140,000 | £3,782,000 | £3,441,000 | — | |
| Cash | £2,968,000 | £3,094,000 | £3,008,000 | £1,418,000 | £3,386,000 | £4,115,000 | — | |
| Total assets less current liabilities | £7,215,000 | £6,273,000 | £5,860,000 | £6,002,000 | £7,796,000 | £9,681,000 | — | |
| Net assets | £390,000 | £810,000 | £1,360,000 | £2,500,000 | £6,282,000 | £9,723,000 | — | |
| Equity | £390,000 | £810,000 | £1,360,000 | £2,500,000 | £6,282,000 | £9,723,000 | — | |
| Average employees | 60 | 59 | 61 | 60 | 71 | 71 | — | |
| Wages | £2,872,000 | £2,917,000 | £3,175,000 | £3,134,000 | £4,413,000 | £5,877,000 | — | |
| Directors' remuneration | £280,000 | £432,000 | £435,000 | £441,000 | £648,000 | £825,000 | — | |
| Directors' pension contributions | — | — | — | £36,000 | £51,000 | £72,000 | — | |
| Highest paid director | — | — | — | £165,000 | £190,000 | £261,000 | — |
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 —. Year-on-year comparison hidden: this filing covers about 15 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 15.5% | 24.9% | 24.0% | |
| Net margin | -4.0% | 5.2% | 5.6% | 9.1% | 18.2% | 14.7% | |
| Return on capital employed | — | — | — | 32.3% | 66.1% | 57.9% | |
| Gearing (liabilities / total assets) | 95.7% | 91.0% | 86.2% | 75.7% | 60.4% | 25.7% | |
| Current ratio | — | — | — | 2.24x | 1.90x | 3.73x | |
| Interest cover | — | — | — | 5.38x | 20.30x | 25.37x |
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
- GREENRAY TURBINE SOLUTIONS LIMITED 2018-06-11 → present
- ENDLESS NEWCO 8 LIMITED 2017-03-16 → 2018-06-11
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Sumer Auditco Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting”
Significant events
- “During the period, the business was acquired by Flowserve Global Netherlands Holding B.V. and became part of the Flowserve Corporation. Following the acquisition, the company's accounting reference date was changed to align with that of the wider group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUQUETTE, Grace-Ann | Director | 2025-12-16 | Aug 1990 | American |
| LAWRENCE, Christian | Director | 2026-05-05 | Oct 1974 | British |
| MIR, Shakeeb Uddin | Director | 2025-12-16 | Sep 1984 | American |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHAPMAN, Keith Anthony | Director | 2018-12-20 | 2026-04-30 |
| COOPER, Simon Jeremy Barbour | Director | 2020-11-06 | 2026-05-27 |
| DAVIES, Norman | Director | 2018-06-08 | 2019-01-21 |
| FORSHAW, Darren William | Director | 2017-03-16 | 2018-06-08 |
| HUGHES, Christopher Alan | Director | 2019-04-01 | 2026-05-11 |
| JACKSON, Brian | Director | 2018-11-27 | 2025-12-16 |
| LYON, Anna Louise | Director | 2024-02-01 | 2025-04-01 |
| PAULIE, Anita | Director | 2018-06-08 | 2019-01-23 |
| WILSON, Garry | Director | 2017-03-16 | 2018-06-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Greenray Energy Solutions Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-06-08 | Active |
| Endless Iv (Gp) Lp | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-03-16 | Ceased 2018-06-08 |
Filing timeline
Last 20 of 64 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-22 | AA | accounts | Accounts with accounts type full | |
| 2026-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-24 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-23 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-23 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-23 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-18 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-12-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-31 | AA | accounts | Accounts with accounts type full | |
| 2024-10-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-04 | AA | accounts | Accounts with accounts type full | |
| 2024-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 4
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.