TORSION PROJECTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-21 (in 2mo)
Last made up 2025-07-07
Watchouts
None on the register
Cash
£737K
-55% vs 2023
Net assets
£896K
+74.4% highest in 4 filed years
Employees
67
+31.4% highest in 4 filed years
Profit before tax
£505K
+25% vs 2023
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £36,784,181 | £47,004,094 | |
| Operating profit | — | — | — | £404,494 | £523,262 | |
| Profit before tax | — | — | — | £403,696 | £504,640 | |
| Net profit | — | — | — | £396,049 | £382,269 | |
| Cash | £11,286 | £6,983 | — | £1,637,922 | £737,031 | |
| Total assets less current liabilities | £200 | £35,057 | — | £637,355 | £1,295,105 | |
| Net assets | £200 | £200 | — | £513,617 | £895,886 | |
| Equity | £200 | £200 | — | £513,617 | £895,886 | |
| Average employees | 2 | 0 | — | 51 | 67 | |
| Wages | — | — | — | £3,792,643 | £4,610,723 | |
| 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
+27.8%
£36,784,181 £47,004,094
-
Cash
-55%
£1,637,922 £737,031
-
Net assets
+74.4%
£513,617 £895,886
highest in 4 filed years
-
Employees
+31.4%
51 67
highest in 4 filed years
-
Operating profit
+29.4%
£404,494 £523,262
-
Profit before tax
+25%
£403,696 £504,640
-
Wages
+21.6%
£3,792,643 £4,610,723
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 1.1% | 1.1% | |
| Net margin | — | — | — | 1.1% | 0.8% | |
| Return on capital employed | — | — | — | 63.5% | 40.4% | |
| Current ratio | — | — | — | 1.05x | 1.09x | |
| Interest cover | — | — | — | 506.88x | 28.10x |
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
- 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 in preparing the financial statements.”
Significant events
- “The turnover growth in 2024 has been delivered as part of the strategic plan and the Company is currently tracking against the 2025 business plan, with all future turnover secured.”
- “In the year net assets increased by £382k to £896k.”
- “Following a successful 2024 we have a strong secured order book for 2025 and beyond. We are focused on securing quality projects to ensure we meet our turnover and profit targets.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUTSON, Martin Carl | Director | 2022-03-16 | Mar 1966 | British |
| SPENCER, Daniel Thomas | Director | 2019-07-08 | Jan 1981 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FOSTER, Martin James | Secretary | 2019-07-08 | 2020-11-25 |
| HUTSON, Martin Carl | Director | 2019-07-08 | 2019-11-18 |
| MILNER, Luke John | Director | 2019-07-08 | 2020-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Martin Carl Hutson | Individual | Shares 25–50%, Voting 25–50% | 2023-05-10 | Active |
| Mr Daniel Thomas Spencer | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2019-07-08 | Active |
Filing timeline
Last 20 of 32 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-08-22 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-07-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-14 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-07-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-07 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-06-07 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-06-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-07 | CH01 | officers | Change person director company with change date | |
| 2024-06-07 | CH01 | officers | Change person director company with change date | |
| 2023-08-22 | MA | incorporation | Memorandum articles | |
| 2023-07-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-25 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-07-25 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-05-25 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-11-23 | CH01 | officers | Change person director company with change date | |
| 2022-11-23 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-09-29 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2022-08-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-05-16 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- 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.