HIGHLY MARELLI UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-13 (in 9mo)
Last made up 2026-01-30
Watchouts
None on the register
Cash
£11M
+3.5% highest in 3 filed years
Net assets
-£82M
-21.4% lowest in 3 filed years
Employees
423
-14.5% vs 2023
Profit before tax
-£13M
+54.2% vs 2023
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £131,771,000 | £119,632,000 | |
| Operating profit | — | — | — | -£27,534,000 | -£8,182,000 | |
| Profit before tax | — | — | — | -£29,264,000 | -£13,403,000 | |
| Net profit | — | -£6,983,000 | — | -£29,402,000 | -£13,762,000 | |
| Cash | — | £1,961,000 | — | £10,274,000 | £10,636,000 | |
| Total assets less current liabilities | — | -£6,265,000 | — | -£63,039,000 | -£79,162,000 | |
| Net assets | — | -£8,373,000 | — | -£67,624,000 | -£82,099,000 | |
| Equity | -£1,390,000 | -£8,373,000 | -£8,373,000 | -£67,624,000 | -£82,099,000 | |
| Average employees | — | 99 | — | 495 | 423 | |
| Wages | — | — | — | £27,299,000 | £22,996,000 | |
| Directors' remuneration | — | — | — | £1,313,000 | £1,549,000 |
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
-9.2%
£131,771,000 £119,632,000
-
Cash
+3.5%
£10,274,000 £10,636,000
highest in 3 filed years
-
Net assets
-21.4%
-£67,624,000 -£82,099,000
lowest in 3 filed years
-
Employees
-14.5%
495 423
-
Operating profit
+70.3%
-£27,534,000 -£8,182,000
-
Profit before tax
+54.2%
-£29,264,000 -£13,403,000
-
Wages
-15.8%
£27,299,000 £22,996,000
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 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -20.9% | -6.8% | |
| Net margin | — | — | — | -22.3% | -11.5% | |
| Return on capital employed | — | — | — | 43.7% | 10.3% | |
| Gearing (liabilities / total assets) | — | — | — | 197.9% | 295.6% | |
| Current ratio | — | — | — | 0.39x | 0.25x | |
| Interest cover | — | — | — | -15.80x | -1.56x |
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
- HIGHLY MARELLI UK LIMITED 2021-07-13 → present
- MARELLI CABIN COMFORT UK LIMITED 2020-01-31 → 2021-07-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company meets its day to day working capital requirements through funding from its parent company. A letter of support has been obtained from its parent company, and the director is satisfied that its parent is able and willing to continue to provide the necessary support to enable the company to continue as a going concern. This support includes amounts owed to fellow group undertakings which would not be called in were this to endanger the company's ability to continue as a going concern, and also the provision of further funds where required.”
Significant events
- “The Company was incorporated on 31 January 2020 and the company was dormant until 1 December 2020 when it acquired the heating, ventilation and air conditioning business of its parent company, Marelli Automotive Systems UK Limited.”
- “On the 13th of July 2021, the Company changed its name from Marelli Cabin Comfort UK Limited to Highly Marelli UK Limited, along with the transfer of ownership.”
- “The company has also impaired the value of its Climate Wind Tunnel in the year to £nil, following an assessment of the condition of the facility along with forecasts of future revenue generation.”
- “The Company has continued to experience lower than usual production levels subsequent to the end of the financial period as a result of continued difficulties within the automotive industry as a result of declining sales demand within the EU.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LDC NOMINEE SECRETARY LIMITED | Corporate Secretary | 2021-09-20 | — | — |
| SUGIURA, Hiroshi | Director | 2025-09-15 | Sep 1972 | Japanese |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PORTWAY, Rhys Thomas | Secretary | 2020-05-05 | 2021-09-20 |
| KIKUCHI, Koji | Director | 2023-10-12 | 2025-09-15 |
| MIYANAGA, Keiichiro | Director | 2021-09-20 | 2023-09-30 |
| PATON, Paul Ewan | Director | 2020-01-31 | 2021-09-20 |
| VENNAPUSA, Bharat Vijay | Director | 2020-12-22 | 2021-09-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kkr & Co. Inc. | Corporate entity | Shares 25–50%, Voting 25–50% | 2020-12-01 | Active |
| Marelli Automotive Systems Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-01-31 | Ceased 2020-12-01 |
Filing timeline
Last 20 of 37 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-12 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-12-02 | AA | accounts | Accounts with accounts type group | |
| 2025-09-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-17 | AA | accounts | Accounts with accounts type group | |
| 2025-04-16 | AA | accounts | Accounts with accounts type group | |
| 2025-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-30 | RP04PSC05 | persons-with-significant-control | Second filing change details of a person with significant control | |
| 2024-04-15 | AA | accounts | Accounts with accounts type full | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-24 | AA | accounts | Accounts with accounts type full | |
| 2023-02-23 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-17 | DISS16(SOAS) | dissolution | Dissolved compulsory strike off suspended | |
| 2022-12-27 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.